Broadwind Energy Announces $106 Million in New Tower Orders
CICERO, Ill., Oct. 7, 2013 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc.
(Nasdaq:BWEN) today announced $106 million in tower orders from a U.S. wind
turbine manufacturer. Broadwind will produce these towers in its Manitowoc,
Wisc. and Abilene, Tex. facilities. Since the start of 2013, Broadwind has
recorded $306 million in new tower orders.
"I am pleased to report that this tower order brings us within reach of
filling our planned 2014 tower capacity," said Peter C. Duprey, president and
CEO of Broadwind Energy. "At the same time, we continue to work with customers
to begin to build additional visibility into 2015."
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.
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
CONTACT: John Segvich, 708.780.4825 firstname.lastname@example.org
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