Broadwind Energy Announces $28 Million in New Tower Orders
January 18 2017 - 7:00AM
Broadwind Energy, Inc. (NASDAQ:BWEN) today announced $28 million in
new tower orders. Broadwind will produce these towers in its
Manitowoc, WI and Abilene, TX facilities for 2017 delivery.
Broadwind President and CEO Stephanie Kushner
stated, “We are pleased to be starting the year off strong with
this new order. The Broadwind team is proud to represent US
manufacturing and the role we play in the wind industry in the
US.”
About Broadwind Energy,
Inc.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 and industrial weldments, we have solutions for the energy
needs of the future. With facilities throughout the central U.S.,
Broadwind Energy's talented team is committed to helping customers
maximize performance of their investments—quicker, easier and
smarter. Find out more at www.bwen.com
Forward-Looking StatementsThis
release contains “forward‑looking statements”, as defined in
Section 21E of the Securities Exchange Act of 1934, as
amended. Forward‑looking statements include any statement that does
not directly relate to a current or historical fact. Our
forward-looking statements may include or relate to our beliefs,
expectations, plans and/or assumptions with respect to the
following: (i) state, local and federal regulatory frameworks
affecting the industries in which we compete, including the wind
energy industry, and the related extension, continuation or renewal
of federal tax incentives and grants and state renewable portfolio
standards; (ii) our customer relationships and efforts to diversify
our customer base and sector focus and leverage customer
relationships across business units; (iii) our ability to continue
to grow our business organically; (iv) the sufficiency of our
liquidity and alternate sources of funding, if necessary; (v) our
restructuring efforts, including estimated costs and saving
opportunities; (vi) our ability to realize revenue from customer
orders and backlog; (vii) our ability to operate our business
efficiently, manage capital expenditures and costs effectively, and
generate cash flow; (viii) the economy and the potential impact it
may have on our business, including our customers; (ix) the state
of the wind energy market and other energy and industrial markets
generally and the impact of competition and economic volatility in
those markets; (x) the effects of market disruptions and regular
market volatility, including fluctuations in the price of oil, gas
and other commodities; and (xi) the potential loss of tax benefits
if we experience an “ownership change” under Section 382 of the
Internal Revenue Code of 1986, as amended. These statements are
based on information currently available to us and are subject to
various risks, uncertainties and other factors. We are under no
duty to update any of these statements. You should not consider any
list of such factors to be an exhaustive statement of all of the
risks, uncertainties or other factors that could cause our current
beliefs, expectations, plans and/or assumptions to change.
BWEN INVESTOR CONTACT:
Joni Konstantelos
708.780.4819
joni.konstantelos@bwen.com
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