President Barack Obama underscored key themes from his State of the Union speech of job creation, innovation and global competitiveness when he visited Broadwind Energy, Inc.’s (NASDAQ: BWEN) wind turbine tower manufacturing facility today in Manitowoc, Wisconsin. Broadwind Energy and its more than 800 employees are playing a critical role in powering up the clean energy industry, stimulating local economies like Manitowoc and driving innovation in the U.S.—innovation the President is calling for to maintain our global leadership position.
Once a manufacturing plant for World War II-era submarines, the 250,000 square foot facility the Pre ...

Once a manufacturing plant for World War II-era submarines, the 250,000 square foot facility the President toured this afternoon was revitalized by Broadwind Towers (Tower Tech), stimulating the local economy through the hiring of 300 people. (Photo: Business Wire)

Once a manufacturing plant for World War II-era submarines, the 250,000 square foot facility the President toured this afternoon was revitalized by Broadwind Towers (Tower Tech), stimulating the local economy through the hiring of 300 people. The company has become one of the largest employers in Manitowoc, is a leading producer of multi-megawatt (MW) wind turbine towers and is the first company in the U.S. to manufacture 100-meter towers. Currently the Manitowoc facility is running at near capacity and when combined with its tower manufacturing facilities in Abilene, Texas, and Brandon, South Dakota, Broadwind Towers has the potential to produce up to 1,500 MWs of wind turbine towers annually. Manitowoc is a great example of a U.S. community rebounding from economic hardship by applying existing talent to new problems, in this case tapping deep roots in steel fabrication to create the tall steel towers that enable wind turbines to capture maximum wind energy.

During the visit, President Obama was able to see how a wind turbine tower is manufactured - from raw plate steel through the process of forming, welding, painting and moving a completed tower section, which could weigh up to 200 tons. Broadwind Energy President and CEO Peter C. Duprey, Broadwind Towers President Paul Smith and plant manager Chris Wallander led the President through the facility where he stopped several times to talk with employees.

“We were honored to host President Obama and demonstrate clean energy jobs and innovation in action. Broadwind Energy looks at the energy industry with a unique perspective, bringing a variety of solutions to our customers to help them make the most of their energy investments,” said Duprey. “President Obama is essentially asking the same of our country—bring together all of our best talents and solutions and help our country and other countries maximize their energy potential—sustainably, cleanly and profitably.”

About Broadwind Energy

Broadwind Energy (NASDAQ: BWEN) approaches the energy industry in a way unlike any other company. We apply decades of deep industrial expertise to innovate integrated solutions for customers. From gears to towers, to comprehensive remanufacturing of gearboxes and blades, to operations and maintenance services, we have the solutions that domestic energy demands. With facilities throughout the U.S., Broadwind Energy's talented team of more than 800 employees is committed to helping customers maximize performance of energy and infrastructure investments—quicker, easier and smarter. Find out more at 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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