Tower Tech and Badger Transport to Manufacture, Deliver Towers to Texas
NAPERVILLE, Ill., Aug. 19 /CNW/ -- Broadwind Energy, Inc. (OTC Bulletin
Board: BWEN) announced today that its wholly-owned subsidiary, Tower Tech
Systems, Inc., has signed a contract with Nordex USA, Inc. to manufacture wind
tower sections. Another Broadwind subsidiary, Badger Transport, Inc., received
a contract to deliver the sections to various Texas locations for Nordex.
These contracts mark the first for Broadwind with Germany-based Nordex,
one of the world's leading turbine suppliers.
The four-section towers will support N90/2500 kW turbines. Tower Tech
expects to supply the first Nordex sections in early 2009. The integrated
order represents the first time Broadwind has included logistics coordination
in its service package and is the first order for Tower Tech's new plant in
Abilene, Texas. Broadwind announced construction of the Abilene facility,
along with a second facility in Sioux Falls, S.D., in May 2008. Both
facilities are expected to be operational in the first quarter of 2009.
Broadwind CEO J. Cameron Drecoll said the Nordex order exemplifies the
added value Broadwind's business model can deliver for North American
"We are making wind energy more efficient, less costly and more
financially competitive with integrated and broad supply-chain solutions,"
Drecoll said. "As we move forward, proximity to sites and multi-company
collaboration efficiencies will redefine the supply chain for wind power in
Broadwind said the Tower Tech order is the largest ever for Nordex in the
United States. Financial details were not disclosed.
"This Texas project represents Nordex's second, and its largest, project
along with its re-entry into the North American wind energy market," said Ralf
Sigrist, CEO of Nordex USA Inc. "We are pleased to be working with a leader
like Broadwind, and confident in its ability to efficiently manufacture high
quality, durable towers and ensure they're delivered on time."
About Tower Tech Systems
Tower Tech Systems (http://www.towertechsystems.com), a Broadwind Energy
company based in Manitowoc, Wis., manufactures utility-scale wind towers and
monopiles for on- and offshore wind development. Its current annual production
will support 600-750 MW in capacity, and with two new plants slated to come
online in early 2009, capacity will increase to 1,200-1,350 MW. The company's
facilities are optimized for mass production with a combination of the most
advanced equipment, high-tech automation and streamlined manufacturing
processes. Tower Tech also has expertise in delivering the larger, heavier
next generation of wind towers, which require engineering proficiency and
sophisticated welding techniques. With the anticipated increase in its North
American locations and its cost-effective access to barge, rail and
over-the-road shipping options, the company's products are globally
About Badger Transport
Badger Transport (http://www.badgertransportinc.com), a Broadwind Energy
company based in Clintonville, Wis., is a specialty heavy hauler of
oversize/overweight equipment and machinery. Badger has been in the
transportation industry as a full-load and less-than-truckload carrier for
more than 20 years. The company transports oversized and overweight loads
throughout the United States and Canada, including wind towers, wind turbine
blades and other over-sized equipment for large industrial applications. It
also has expertise with shipments that require specialized equipment.
About Broadwind Energy, Inc.
Naperville, Ill.-based Broadwind Energy, Inc. (OTC-BB: BWEN), owns,
supports and strategically positions and grows companies that manufacture,
install and maintain components for energy and infrastructure-related
industries with a primary emphasis on the wind energy sector. The company's
operational platforms include wind tower manufacturing; heavy steel
fabrication; wind facility construction; wind turbine installation and
maintenance; precision gear manufacturing; and specialized transportation
services. Its platform companies currently include Badger Transport, Inc., a
specialty heavy hauler; Brad Foote Gear Works, Inc., a precision gearing
systems manufacturer; Energy Maintenance Service LLC, a wind energy operation
and maintenance service provider; R.B.A. Inc., a heavy steel fabricator; and
Tower Tech Systems, Inc., a wind tower and monopile manufacturer. Broadwind
and its platform companies employ nearly 1,000 people across the United
States. For more information, visit http://www.broadwindenergy.com.
Nordex, based in Norderstedt, Germany, is a technological leader in
multi-megawatt wind power systems, and its range comprises the largest
series-produced wind power systems (N80/N90/N100 2,500 kW). The company has
installed more than 3,300 turbines around the world. By the end of 2008,
around 1,000 multi-megawatt machines will have been produced. Nordex has
offices and subsidiaries in 18 countries with approximately 1,950 employees.
In May 2008, Nordex announced that it will spend approximately $100 million
over the next few years to establish its own U.S. production facilities for
wind turbines and rotor blades. The company is about to open its U.S.
headquarters in Chicago.
Certain statements found in this press release may constitute forward-
looking statements as defined by Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on current expectations and include any
statement that does not directly relate to a current or historical fact. Such
statements are generally identifiable by the terminology used, such as
"anticipate," "believe," "intend," "expect," "plan," or other similar words.
Forward-looking statements in this release generally relate to delivery of
tower sections under the Nordex agreement; the timing and extent of the
increase in Tower Tech's operations capacity; our beliefs relating to the wind
energy industry supply chain in North America; and Nordex's expectations
relating to production and expansion. Although it is not possible to foresee
all of the factors that may cause actual results to differ from forward-
looking statements, such factors include, among others, the following: (i)
unforeseen delays, costs or liabilities associated with the construction of
Tower Tech's Abilene and Sioux Falls facilities, (ii) incorrect assumptions by
management with respect to development of the wind energy supply chain in
North America; (iii) unforeseen delays, costs or liabilities associated with
the ability of Tower Tech and Badger to manufacture and deliver tower sections
to Nordex; (iii) unforeseen difficulties for Nordex in establishing a U.S.
presence; (iii) fluctuations in general economic conditions; and (iv) those
risks described from time to time in our reports to the Securities and
Exchange Commission (including our Annual Report on Form 10-KSB). Investors
should not consider any list of such factors to be an exhaustive statement of
all of the risks, uncertainties or potentially inaccurate assumptions that
could cause our current expectations or beliefs to change. Stockholders and
other readers should not place undue reliance on "forward-looking statements,"
as such statements speak only as of the date of this release. We do not intend
to update publicly or revise any forward-looking statements other than as
required by law.
For further information:
For further information: Jeff Lambert, or Karen Keller,
email@example.com, both of Lambert, Edwards & Associates,
+1-616-233-0500, for Broadwind Energy, Inc. Web Site: