Broadwind Energy Wins $35 Million Tower Order
March 14 2013 - 7:00AM
Business Wire
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.
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