Xantrex Technology Inc. Announces Negotiations for Sale of Company

* Reuters is not responsible for the content in this press release.

Wed Jul 23, 2008 8:31am EDT 

  VANCOUVER, BRITISH COLUMBIA, Jul 23 (MARKET WIRE) -- 
Xantrex Technology Inc. (TSX: XTX) announces that it is in exclusive
negotiations with respect to the sale of the Company. No assurance can be
given that these negotiations will be successful or, if an agreement is
reached, that a transaction will be successfully concluded. Xantrex will
provide a further update upon completion of the negotiations.

    About Xantrex

    Xantrex Technology Inc. (www.xantrex.com) is a world leader in the
development, manufacturing and marketing of advanced power electronic
products and systems for the renewable, programmable, and mobile power
markets. The company's products convert and control raw electrical power
from any central, distributed, renewable, or backup power source into
high-quality power required by electronic and electrical equipment.
Headquartered in Vancouver, British Columbia, the company has facilities
in Arlington, Washington; Livermore and San Diego, California; Elkhart,
Indiana; Barcelona, Spain; and Reading, England. Xantrex is listed on the
Toronto Stock Exchange under the ticker symbol "XTX".

Contacts:
Xantrex Technology Inc.
Investor Relations
(604) 422-2601
Email: investor.relations@xantrex.com
Website: www.xantrex.com

Copyright 2008, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.