Broadwind Energy Wins $35 Million Tower Order

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.

Copyright Business Wire 2010

If you liked this article you might like

Desire to Add Exposure Leads Indices Higher

Desire to Add Exposure Leads Indices Higher

The Best Timeframe Right Now Is the Intraday Trade

The Best Timeframe Right Now Is the Intraday Trade

This Trading-Range Action Is Not Offering Much

This Trading-Range Action Is Not Offering Much

Broadwind (BWEN) Stock Surging on Wind Turbine Deal

Broadwind (BWEN) Stock Surging on Wind Turbine Deal

Week Ahead in Energy: Does George Soros Know Something We Don't?

Week Ahead in Energy: Does George Soros Know Something We Don't?