Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that it is expanding its portfolio of Precision Repair and Engineering services with enhanced megawatt (MW) gearbox refurbishment capabilities. For MW-scale wind turbines in North America, gearbox repair and refurbishment have traditionally been performed outside the U.S. by non-domestic sources. Broadwind believes it will be the first independent supplier of wind energy products and services to offer enhanced MW gearbox repair and refurbishment capabilities in North America. “With a large portion of the approximately 35,000 MW installed base of wind turbines in the U.S. now coming out of warranty, we see a growing need for a comprehensive solution for MW gearbox refurbishment services that Broadwind can provide,” stated Broadwind Energy CEO J. Cameron Drecoll. “By adding gearbox refurbishment up to 3 MW to our existing suite of kilowatt gearbox offerings, we will continue to grow our 'one-source strategy' to help leverage existing customer relationships by adding additional services for our customers and cross-selling opportunities for Broadwind.” “Broadwind supplies technical services to those customers seeking complete operations and maintenance (O&M) solutions, including condition monitoring, up-tower diagnosis and installation and replacement capabilities,” said Paul Seppanen, president of Broadwind’s energy services business. “In addition, Broadwind will stock regionally deployed on-the-shelf replacements to immediately provide customers with refurbished gearboxes. We look forward to offering wind energy customers the most comprehensive suite of services for turnkey wind turbine gearbox refurbishing, testing and field replacement.” Broadwind anticipates that its enhanced wind turbine gearbox refurbishment capabilities will be fully operational in the second half of 2010, and will enable approximately 500 MW of annual wind turbine gearbox refurbishment, testing and field replacement. Site selection discussions for Broadwind’s gearbox complex are underway and focused on the Abilene, Texas, area, which is in close proximity to the world’s largest fleet of MW turbines. Abilene is also the home of Broadwind’s state-of-the-art wind turbine structural tower manufacturing plant, which began production in February 2009.
About Broadwind Energy, Inc.Broadwind Energy, Inc., based in Naperville, Illinois, provides technologically advanced high-value products and services to the U.S. wind energy industry. Broadwind’s product and service portfolio provides customers, including wind turbine manufacturers, wind farm developers and wind farm operators, with access to a broad array of wind component and service offerings. These product and service offerings include wind turbine gearing systems, wind turbine structural towers, industrial products, technical services, precision repair and engineering services, and logistics. www.broadwindenergy.com. Forward Looking Statements This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 — that is, statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For further discussion of risks and uncertainties, individuals should refer to Broadwind’s SEC filings. Broadwind undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.