NAPERVILLE, Ill., Nov. 29, 2010 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (Nasdaq:BWEN) today announced that its Tower Tech Systems subsidiary was selected as the supplier of wind towers for the Glacier Hills Wind Park project.
The Glacier Hills Wind Park is located in the towns of Randolph and Scott in Columbia County, Wisconsin. The 90-turbine project is expected to generate more than 400 million emission-free kilowatt hours annually—enough to power 45,000 homes.
"Broadwind is the strategic supply partner to Vestas and with its new and upgraded facilities, it made the selection of Tower Tech as the supplier to the WE Energies project very natural," said Bjarne Hansen, president of Vestas Towers. "We look forward to installing one of the largest wind energy projects announced in the region in the very near future."
Jess Collins, executive vice president and chief operating officer at Broadwind, stated, "We congratulate Vestas for moving this key wind project forward. As a leader in manufacturing multi-megawatt wind towers in the United States, Broadwind offers our customers unparalleled wind industry component offerings, support and value-relationships. In this challenging economy, we are pleased to have added a number of jobs at our Manitowoc, Wisconsin wind tower plant. With this order plus other business booked during November, Broadwind has increased its backlog to approximately $245 million, which is approximately 17% above the September 30, 2010 backlog."
Broadwind Energy, Inc., based in Naperville, Illinois, provides technologically advanced high-value products and services to the U.S. wind energy industry. Broadwind's product and service portfolio provides customers, including wind turbine manufacturers, wind farm developers and wind farm operators, with access to a broad array of wind component and service offerings. These product and service offerings include wind turbine gearing systems, wind turbine structural towers, industrial products, technical services, Precision Repair and Engineering services, and logistics. For more information on Broadwind Energy, please visit .
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This news release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 — that is, statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "anticipate," "believe," "intend," "expect," "plan," "will" or other similar words. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The Company's forward looking statements may include or relate to the Company's plans to grow its business and its expectations regarding its operations and the business of its customers; the sufficiency of the Company's working capital; and the Company's expectations regarding the state of the wind energy market generally, as well as the Company's expectations relating to the economic downturn and the potential impact on its business and the business of its customers. For further discussion of risks and uncertainties, individuals should refer to the Company's SEC filings. The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. All forward-looking statements are qualified in their entirety by this cautionary statement.
CONTACT: Broadwind Energy, Inc. Media & Investor Contact John Segvich +1.630.637.0315 email@example.com