From the floor of WINDPOWER 2010, Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that Olen Richardson has been appointed to lead Broadwind’s efforts to provide innovative Precision Repair and Engineering services for blades to wind energy customers across North America. Richardson serves as vice president of blade repair services within Broadwind’s Energy Maintenance Service (EMS) subsidiary and reports to Paul Seppanen, president of EMS. Richardson has more than 10 years of experience in manufacturing and servicing composite blades for wind turbines and most recently served as CEO of Wind Services Group, Inc. (WSG) a firm that specialized in blade services. “I am delighted to welcome Olen and his experienced blade service team to Broadwind,” said Seppanen. “We expect that combining this talented group with our existing blade service capability at EMS will enhance our blade inspection, maintenance and repair services, including scope inspections, erosion and crack prevention and rapid in-air repairs that extend the life of wind blades and provide cost of ownership advantages to our customers.” Prior to co-founding WSG, Richardson held roles in wind blade services for WindCom and General Electric, and also served for 10 years in the United States Navy. Through its expanding Precision Repair and Engineering services offering, Broadwind repairs and refurbishes major megawatt (MW) wind turbine fleet components, including control systems, drivetrains and blades in its 300,000-square-foot regional operations center in Abilene, Texas. Broadwind expects to bring online its previously announced MW drivetrain refurbishing center, also in the Abilene area, by the end of 2010. 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 towers, industrial products, technical services, Precision Repair and Engineering services, and logistics. For more information on Broadwind Energy, please visit http://www.bwen.com Forward-Looking Statements This news 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. The Company’s forward looking statements may include or relate to the Company’s plans to grow its business; the sufficiency of the Company’s working capital; the Company’s use of proceeds from financing activities; and the Company’s expectations regarding the state of the wind energy market generally, as well as the Company’s expectations relating to the economic downturn and the potential impact on its business and the business of its customers. For further discussion of risks and uncertainties, individuals should refer to the Company's SEC filings. The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. All forward-looking statements are qualified in their entirety by this cautionary statement.
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