Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that it has opened an office in Hamburg, Germany, and named Michael Stegelmann as managing director of Broadwind Energy Europe GmbH. “Many turbine manufacturers have engineering offices in the Hamburg area, and this new office will enable us to keep pace with rapidly evolving wind turbine technology,” said Lars Møller, president of technology and international at Broadwind. “We are pleased that Michael Stegelmann has joined Broadwind. He brings deep wind industry expertise and will help us stay close to existing and new customers both in Europe and Asia. We welcome Michael to the Broadwind team and appreciate the warm welcome from Hamburg’s city officials.” Stegelmann joins Broadwind from REpower Systems AG, a leading turbine producer based in Germany, where he most recently served as senior vice president, global supply chain. Stegelmann noted, “After many years on the buyer/supplier side of wind energy development, I am excited to join Broadwind to help grow its unique platform of wind energy solutions.” 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. 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 and its expectations regarding its operations and the business of its customers; the sufficiency of the Company’s working capital; 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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