Broadwind Energy Announces New Tower Orders
CICERO, Ill., Dec. 23, 2013 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc.
(Nasdaq:BWEN) today announced new tower orders from Siemens. Broadwind will
produce these towers in its Manitowoc, Wisc. and Abilene, Tex. facilities.
Since the start of 2013, Broadwind has recorded $389 million in new tower
"We are pleased to expand our relationship with Siemens," said Peter C.
Duprey, president and CEO of Broadwind Energy. "With this new order of more
than 200 towers, the majority of orders for the MidAmerican Energy wind
project are now in our backlog and we have clear visibility into the second
half of 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 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
CONTACT: MEDIA CONTACT:
John Segvich, 708.780.4825 email@example.com
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