Broadwind Energy, Inc. (NASDAQ: BWEN) today announced a $35 million
order for towers from a U.S. wind turbine manufacturer. This order
includes towers for various domestic wind projects. The towers will be
produced in Broadwind’s Manitowoc, Wisconsin facility for delivery
during 2013.
Peter C. Duprey, president and CEO of Broadwind Energy, stated, “The
level of activity in our wind tower business remains strong and this
order moves us one step closer to filing our tower capacity for 2013.”
About Broadwind Energy
Broadwind Energy (NASDAQ: BWEN) applies decades of deep industrial
expertise to innovate integrated solutions for customers in the energy
and infrastructure markets. From gears and gearing systems for wind, oil
and gas and mining applications, to wind towers, to comprehensive
remanufacturing of gearboxes and blades, to operations and maintenance
services and industrial weldments, we have solutions for the energy
needs of the future. With facilities throughout the U.S., Broadwind
Energy's talented team of 800 employees is committed to helping
customers maximize performance of their investments—quicker, easier and
smarter. Find out more at www.bwen.com.
Forward-Looking Statements
This release includes various forward-looking statements related to
future, not past, events. Statements in this release that are not
historical are forward-looking statements. These statements are based on
current expectations and we undertake no obligation to update these
statements to reflect events or circumstances occurring after this
release. Such statements are subject to various risks and uncertainties
that could cause actual results to vary materially from those stated.
Such risks and uncertainties include but are not limited to:
expectations regarding our business, end-markets, relationships with
customers and our ability to diversify our customer base; the impact of
competition and economic volatility on many of the industries in which
we compete; our ability to realize revenue from customer orders and
backlog; the impact of regulation on our end-markets, including the wind
energy industry in particular; the sufficiency of our liquidity and
working-capital; our restructuring plans and the associated
cost-savings; our ability to preserve and utilize our tax net operating
loss carry-forwards; and other risks and uncertainties described in our
filings with the Securities and Exchange Commission.
