WGOV Woodward Governor Company (MM)

Woodward Governor Company (NASDAQ: WGOV) today announced that it signed a multi-year agreement with Nordex SE, Germany that will substantially increase Woodward's deliveries of wind power converters to Nordex.

As a result of this agreement, Woodward will become a key supplier for Nordex's 2.5 MW wind turbines built for the European and North American markets. Nordex is a global supplier of megawatt wind turbines.

"Woodward is proud to be chosen for this opportunity to significantly expand its relationship with Nordex globally and to support Nordex's growth in North America," said Gerhard Lauffer, President, Electrical Power Systems.

Woodward will manufacture the CONCYCLE® power converters for Nordex at its facilities in Kempen, Germany, and Fort Collins, Colo., USA.

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 energy, combustion control, electrical energy, 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.

About Nordex SE

Nordex is a global supplier of megawatt wind turbines. Nordex benefits in particular from the global trend towards large-scale wind turbines. The product range includes one of the largest series wind power systems in the world (N80/N90/N100, 2,500 kW) with more 1,300 of these turbines having been installed to date.

Overall, Nordex has installed more than 4,000 turbines with a capacity in excess of 6,000 MW around the world. With exports accounting for over 95 percent of its business, Nordex also has a strong position in international high-growth regions. The company has offices and subsidiaries in 19 countries. In total, Nordex employs more than 2,400 people worldwide.

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 with the agreement with Nordex, Woodward will substantially increase its deliveries of wind power converters to Nordex, Woodward will become the key supplier for Nordex's 2.5 MW wind turbines built for the European and North American markets, and our belief that the agreement will significantly expand Woodward's relationship with Nordex globally and to support Nordex's growth in North America. 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