WGOV Woodward Governor Company (MM)

Woodward Governor Company (NASDAQ: WGOV) today announced that it signed an agreement with REpower Systems AG to provide power converters for 48 6MW offshore wind turbines. Woodward will manufacture the CONCYCLE® power converters at its facility in Kempen, Germany.

The wind turbines are intended for the Nordsee Ost offshore wind farm, to be built in the German Bight of the North Sea between 2011 and 2013. The REpower turbines, based on the proven technology of the 5MW class, have a total capacity of approximately 295 megawatts.

"Woodward is proud to be selected as the converter supplier for some of the most powerful wind turbines in the world," said Gerhard Lauffer, President, Electrical Power Systems. "This agreement strengthens our relationship with REpower in the offshore market, where we believe there is significant potential for future global growth."

Woodward has supplied CONCYCLE® converters for REpower wind turbines for more than eight years; 5MW and 6MW turbine class converters since 2004. Recently, Woodward successfully commissioned power converters for the first German offshore wind farm, Alpha Ventus, which uses six REpower 5MW wind turbines.

Power converters are a critical component for delivering stable, high-quality power to the grid by controlling the voltage and power from the wind turbine generator, so voltage and frequency are constant and independent of the variable rotation speed of the wind turbine.

About Woodward

Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment. We serve the aerospace and defense, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas and steam turbines; wind turbines; reciprocating engines; and electrical power systems. The company's innovative fluid and electrical energy and combustion and motion control systems help customers offer cleaner, more reliable and more cost-effective equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is headquartered in Fort Collins, Colo., USA. Visit our website at www.woodward.com.

The statements in this release concerning the company's future sales, earnings, business performance, prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. These forward-looking statements include but are not limited to our expectation that REpower Systems AG will provide power converters for 48 6MW offshore wind turbines, the expected build of wind turbines in the German Bight of the North Sea between 2011 and 2013, our belief that the REpower turbines have a total capacity of approximately 295 MW, our expectation that this agreement strengthens our relationship with REpower in the offshore market, and our belief that there is significant potential for future growth in the offshore market. Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Form 10-K filed for the year ended September 30, 2009 and any subsequently filed Quarterly Report Form 10-Q.

CONTACT: Rose Briani-Burden Business Communications 815-639-6282 Woodward Governor Company 1000 East Drake Road Fort Collins, Colorado 80525, USA Tel: 970-482-5811 Fax: 970-498-3058