Broadwind Energy Wins $34 Million Tower Order

  Broadwind Energy Wins $34 Million Tower Order

Business Wire

CICERO, Ill. -- April 29, 2013

Broadwind Energy, Inc. (NASDAQ: BWEN) today announced a $34 million order for
towers from a U.S. wind turbine manufacturer. Broadwind will produce these
towers in its Abilene, Texas facility with delivery scheduled to begin in
fourth-quarter 2013 and extend into 2014.

“This order starts to fill the capacity in our Abilene facility into 2014,”
said Peter Duprey, Broadwind Energy’s president and CEO. “This provides our
tower business with better visibility further into the future. We continue to
be pleased with the demand for domestically produced wind towers in the United
States.”

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.

Contact:

Broadwind Energy, Inc.
John Segvich, 708.780.4825
john.segvich@bwen.com
 
Press spacebar to pause and continue. Press esc to stop.