The company said on 29 July that it had increased a sales contract with Sinovel by $20 m to $470 m. Sinovel, China’s biggest turbine producer, is the company’s largest customer, and accounts for around 70% of its order book.
For the first quarter of the 2009 fiscal year, AMSC made a net profit of $1.8 m, compared with a net loss of $6.1m
