Schneider Power Inc.

Schneider Power Inc.

June 10, 2008 11:00 ET

John Ng Named Schneider Power Inc. Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - June 10, 2008) - Schneider Power Inc. is pleased to announce the appointment of John Ng to the senior management team as Chief Financial Officer.

Mr. Ng joins Schneider Power from Toronto-based Telehop Communications Inc., a TSX Venture listed provider of international and local long distance calling plans, where he served as CFO. Prior to this he was Divisional Controller for Bell Globemedia Inc., a senior auditor with Pricewaterhouse Coopers LLP and a Senior Financial Analyst for Dell Computer Corporation.

"Mr. Ng's track record in driving shareholder value, assessing core business drivers and hitting financial targets makes him a tremendous asset to the Schneider Power team as we forge ahead in our ventures. We are extremely pleased to have him on board," said Founder, President and CEO, Thomas Schneider.

In his role at Schneider Power Inc., Mr. Ng will oversee all finance operations, including strategies, reporting, tax and audit functions.

He holds a Bachelor of Mathematics from the University of Waterloo, is a Canadian Chartered Accountant and a U.S. Certified Public Accountant.

Schneider Power is a Canadian-based independent power producer and developer of renewable energy projects and related services. The Company has over 1,735MW in potential wind and solar energy capacity, which includes 38.6 MW of construction-ready and advanced stage projects with long-term PPAs, and one wind farm in operation in Ontario. Schneider Power, via its wholly-owned subsidiary Schneider Power International Inc., owns a minority interest in the Flomborn and Olsbruecken Wind Farm, located approximately 30 km east of Frankfurt, Germany.

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