Broadwind Sells Idle Tower Plant

  Broadwind Sells Idle Tower Plant

Business Wire

CICERO, Ill. -- April 22, 2013

Broadwind Energy, Inc. (NASDAQ: BWEN) today announced the sale of its idle
tower plant in Brandon, SD. Proceeds from the sale, net of closing costs,
totaled approximately $11.7 million. A portion of the proceeds was used to
repay the underlying $3.5 million mortgage balance and the remainder will be
available for general corporate purposes.

During the third quarter of 2011, as part of a planned 600,000 square foot
reduction in Broadwind’s manufacturing footprint, the Brandon plant was listed
for sale. With the completion of this transaction, Broadwind’s square-footage
reduction totals approximately 400,000 square feet, or two-thirds of the
targeted reduction.

Broadwind Energy President and CEO Peter Duprey stated, “This sale was an
important part of our strategy to reduce our production footprint in line with
longer term expected wind tower demand and our strategy to diversify our
industry concentration. This will reduce our fixed overhead and further
strengthen our balance sheet. We believe our remaining two plants will be
sufficient to support production of towers to meet customer demand for the
next several years.”

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

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


Broadwind Energy
John Segvich, 708.780.4825
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