Press Releases
Broadwind appoints Mark E. Simon as vice president of drivetrain services (August 26, 2010) - NAPERVILLE, Ill., August 26, 2010—Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that it has appointed Mark E. Simon as vice president of drivetrain services. Simon has more than 20 years of hands-on experience in implementing Lean and world-class techniques in manufacturing, engineering and operations. He will lead Broadwind’s megawatt (MW) and kilowatt (KW) gearbox refurbishment, KW nacelle rebuilds, field inspections, uptower repairs and turbine oil change service offerings. Simon will report to Paul Seppanen, president of Broadwind’s Energy Maintenance Service subsidiary.  full story
Broadwind reports second-quarter 2010 results (August 7, 2010) - Naperville, Ill., August 9, 2010—Broadwind Energy, Inc. (NASDAQ:BWEN) reported revenue of $36.6 million for the second quarter of 2010, a 65% increase from the first quarter of 2010, due to recovery in all business segments. Versus the second quarter of 2009, revenues declined 30% from $52.3 million due to reduced tower and gearing purchases under the Company’s key framework agreements, and lower service revenues reflecting sharply lower new wind turbine capacity installations across the U.S. full story
Broadwind Energy opens office in Hamburg, Germany (July 29, 2010) - Naperville, Ill., July 29, 2010—Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that it has opened an office in Hamburg, Germany, and named Michael Stegelmann as managing director of Broadwind Energy Europe GmbH. full story
Broadwind Energy to release second-quarter 2010 results on August 9 (July 26, 2010) - Broadwind Energy, Inc. (NASDAQ:BWEN) will announce second-quarter 2010 results Monday, August 9, 2010, before market open. An investor conference call will follow at 10 a.m. Central time.
For real-time internet access to the conference call, visit http://www.bwen.com. An archived replay of the conference call will be available on the Company’s website shortly after the call concludes.
full story
Gamesa selects towers from Broadwind Energy (July 6, 2010) - NAPERVILLE, Ill., July 6, 2010—Gamesa Technology Corp., a wholly owned U.S. subsidiary of Gamesa Corporación Tecnológica, a global manufacturer of wind turbine generators with headquarters in Spain and operations in the U.S., Europe, China and India has selected Tower Tech, Inc., a subsidiary of Broadwind Energy, Inc. (NASDAQ:BWEN), to supply structural wind towers for wind sites in the United States for installation in the second half of 2010. full story
Broadwind Energy adds dedicated blade services team (May 24, 2010) - Dallas, Texas, May 24, 2010—From the floor of WINDPOWER 2010, Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that Olen Richardson has been appointed to lead Broadwind’s efforts to provide innovative Precision Repair and Engineering services for blades to wind energy customers across North America. Richardson serves as vice president of blade repair services within Broadwind’s Energy Maintenance Service (EMS) subsidiary and reports to Paul Seppanen, president of EMS.
full story
Broadwind appoints David P. Reiland as Chairman of the Board (May 17, 2010) - Naperville, Ill., May 17, 2010—Broadwind Energy, Inc. (NASDAQ:BWEN) today announced the appointment of David P. Reiland as Chairman of its Board of Directors. Mr. Reiland, 56, has served as a member of the Company’s Board of Directors since April of 2008. full story
Broadwind reports first-quarter 2010 results (May 7, 2010) - Naperville, Ill., May 7, 2010—Broadwind Energy, Inc. (NASDAQ:BWEN) reported a net loss of $14.1 million or $0.14 per share for the first quarter of 2010 on revenue of $22.2 million, compared to a net loss of $7.2 million or $0.07 per share on revenue of $53.1 million in the prior year. Revenues were lower in all segments due to reduced purchases under the Company’s key framework agreements, lower service revenues resulting from the timing of wind farm installation and maintenance projects and a reduction in non-wind related revenues. full story
Broadwind Energy to release first-quarter 2010 results on May 7 (April 23, 2010) - NAPERVILLE, Ill., April 23, 2010— Broadwind Energy, Inc. (NASDAQ:BWEN) will announce first-quarter 2010 results before the market opens on Friday, May 7, 2010. The company will host an investor conference call to discuss the results with CEO J. Cameron Drecoll and CFO Stephanie K. Kushner at 10 a.m. Central time that day. For real-time internet access to the conference call, visit www.broadwindenergy.com. An archived replay of the conference call will be available on the Company’s website shortly after the call concludes. full story
Broadwind Energy appoints new president of Brad Foote Gear Works (March 18, 2010) - Naperville, Ill., March 18, 2010—Broadwind Energy, Inc. (NASDAQ:BWEN) today announced the appointment of Daniel E. Schueller as president of Brad Foote Gear Works, Inc., the Company’s gearing systems business, effective April 12, 2010. Schueller will report to Broadwind Energy CEO Cam Drecoll. full story
Broadwind Energy Reports 2009 Financial Results (March 12, 2010) -
Naperville, Ill., March 12, 2010—Broadwind Energy (NASDAQ:BWEN) reported 2009 revenue of $197.8 million and a net loss of $110.1 million or $1.14 per share. The loss included charges to impair goodwill and other intangible assets totaling $82.2 million. Excluding the pre-tax impact of these non-cash charges, the net loss totaled $27.9 million or $0.29 per share. This compares with a net loss of $25.3 million, or $0.28 per share in 2008, on revenue of $217.3 million.
full story
Broadwind Energy Plans Expansion of Gearbox Refurbishment Capabilities (March 1, 2010) - NAPERVILLE, Ill., March 1, 2010—Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that it is expanding its portfolio of Precision Repair and Engineering services with enhanced megawatt (MW) gearbox refurbishment capabilities. For MW-scale wind turbines in North America, gearbox repair and refurbishment have traditionally been performed outside the U.S. by non-domestic sources. Broadwind believes it will be the first independent supplier of wind energy products and services to offer enhanced MW gearbox repair and refurbishment capabilities in North America. full story
Broadwind Energy to release fourth-quarter and year-end 2009 results on March 12 (February 26, 2010) - Broadwind Energy, Inc. (NASDAQ:BWEN) will announce fourth-quarter and year-end 2009 results before the market opens on Friday, March 12, 2010. full story
Broadwind Energy Announces Closing of Offering of Common Stock (January 22, 2010) - NAPERVILLE, Ill., January 22, 2010—Broadwind Energy, Inc. (NASDAQ: BWEN) announced today that it has completed its previously announced public offering of common stock, par value $0.001 per share, at an offering price of $5.75 per share. In the offering, Broadwind sold 10,000,000 newly issued shares, Tontine Capital Partners, L.P., and certain of its affiliated funds, sold a combined total of 6,125,000 shares and Broadwind’s CEO, J. Cameron Drecoll, sold 1,125,000 shares. The sales included all shares subject to the underwriters' over-allotment option. full story
Broadwind Energy Announces Pricing of Offering of Common Stock (January 15, 2010) - full story
Broadwind Energy Commences Public Offering of Common Stock Naperville, Ill. (January 6, 2010) - Broadwind Energy, Inc. (Nasdaq: BWEN) today announced that it has commenced an underwritten public offering of 15,000,000 shares of common stock, par value $0.001 per share. In this offering, Broardwind will sell 10,000,000 newly issued shares and Tontine Capital Partners, L.P., and certain of its affiliated funds, will sell a combined total of 5,000,000 shares. full story
Broadwind Energy Appoints Paul Seppanen to Lead Technical Services and Precision Repair and Engineering Services Offerings Naperville, Ill. (December 2, 2009) - Broadwind Energy, Inc. (Nasdaq: BWEN) announced that effective Nov. 30, 2009, Paul Seppanen has been appointed to lead Broadwind’s efforts to provide innovative technical services and precision repair and engineering services for wind energy customers across North America. full story
Broadwind Energy Files Registration Statement for Common Share Offering Naperville, Ill. (October 30, 2009) - Broadwind Energy, Inc. (Nasdaq: BWEN) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 15,000,000 shares of its common stock. full story
Broadwind Energy Reports Third Quarter 2009 Revenue of $59.5 Million Naperville, Ill. (October 30, 2009) - Broadwind Energy, Inc. (Nasdaq: BWEN) reported a third-quarter net loss of $4.9 million or $.05 per basic and diluted share on revenue of $59.5 million. This compares with a loss of $0.08 per share on revenue of $63.7 million in the third quarter of 2008. full story
Broadwind Energy Reports Second Quarter 2009 Results Naperville, Ill. (June 23, 2009) - Broadwind Energy, Inc. (Nasdaq: BWEN), a leading provider of components, logistics and services to the wind power and broader energy markets, today reported results for the quarter ended June 30, 2009, highlighted by a 28% increase in revenues to $52.3 million, compared to revenues of $40.8 million for the second quarter of 2008. full story
Broadwind Energy Announces Appointment of Stephanie Kushner as Chief Financial Officer Naperville, Ill. (June 23, 2009) - Broadwind Energy, Inc. (Nasdaq: BWEN), a leading provider of components, logistics and services to the wind power and broader energy markets, today announced that Stephanie Kushner has been named chief financial officer effective Aug. 15, 2009. full story
Broadwind Energy Advances Business Development, International and Technology Efforts through Management Realignment Naperville, Ill. (June 23, 2009) - Broadwind Energy, Inc. (Nasdaq: BWEN), a leading provider of components, logistics and services to the wind power and broader energy markets, announced today that it has realigned its management team to advance its business development, international and technology efforts. full story
Broadwind Energy Subsidiary Tower Tech Holds Ribbon-Cutting Ceremony at Texas Facility Naperville, Ill. (June 9, 2009) - Broadwind Energy, Inc. (Nasdaq: BWEN), a leading provider of components, logistics and services to the wind power and broader energy markets, held a ribbon-cutting ceremony today at the newly constructed Abilene, Texas tower manufacturing facility of its subsidiary, Tower Tech Systems Inc. full story
Broadwind Energy Announces First Quarter 2009 Results Highlighted by 51% Revenue Growth Naperville, Ill. (May 12, 2009) - Broadwind Energy, Inc. (NASDAQ: BWEN), a leading provider of components, logistics and services to the wind power and broader energy markets, today reported first quarter results for the period ended March 31, 2009, highlighted by revenues of $53.1 million, compared to revenues of $35.2 million for the period ended March 31, 2008, an increase of 51%. full story
Broadwind Energy Announces Appointment of Stephen Graham as Interim CFO Naperville, Ill. (May 1, 2009) - Broadwind Energy, Inc. (Nasdaq: BWEN), a leading provider of components, logistics and services to the wind power and broader energy markets, today announced that Stephen Graham has been named Interim Chief Financial Officer effective May 1, 2009. full story
Broadwind Energy Announces NASDAQ Global Select Market Listing Naperville, Ill. (March 20, 2009) - Broadwind Energy, Inc. (OTC-BB: BWEN), a leading provider of components, logistics and services has been approved for listing on the NASDAQ Global Select Market. full story
Broadwind Energy Strengthens Board of Directors with Appointment of William T. Fejes Naperville, Ill. (March 20, 2009) - Broadwind Energy, Inc. (OTC-BB: BWEN) has appointed William T. Fejes, Jr. to its Board of Directors. full story
Broadwind Energy Reports 2008 Forth Quarter Results Naperville, Ill. (March 17, 2009) - Broadwind Energy, Inc. (OTC-BB: BWEN), a leading provider of components, logistics and services to the wind power and broader energy markets, today announced results for its fourth quarter and fiscal year ended December 31, 2008. The company announced full-year revenues of 217.3 million, up from revenues of 29.8 million in 2007. For the 2008 fourth quarter, revenues grew to $77.6 million, compared to 21.8 million in revenues for the same period in 2007. full story
Broadwind Energy Reports 2008 Third Quarter Results Naperville, Ill. (November 17, 2008) - Broadwind Energy, Inc. (OTC-BB: BWEN), a leading provider of components, logistics and services to the wind power and broader energy markets, today reported their results for the quarter and nine-month periods ended September 30, 2008. Quarterly revenues were $64.5 million, up from $40.8 million in the second quarter of fiscal 2008 and up from $3.1 million in the third quarter of 2007. full story
Broadwind Energy Retains Investor Relations Firm Lambert, Edwards & Associates Naperville, Ill. (October 27, 2008) - Broadwind Energy, Inc. (OTCBB: BWEN), a leading producer of components, logistics and service for the wind power industry, today announced it has retained Lambert, Edwards & Associates, Inc. (LE&A) to manage its investor relations activities. full story
Broadwind Energy Announces Service Platform Leadership Naperville, Ill. (September 25, 2008) - Broadwind Energy, Inc. (OTC-BB: BWEN), today announced the structure and new leadership to support its Service Platform strategy to become the premier service provider in the North American wind and alternative energy industry. Peter Dawes has been appointed President of Broadwind's service platform and Jess Collins as Vice President, Heavy Manufacturing and Transportation Services. full story
Broadwind Energy Introduces New Operating Leadership Structure Naperville, Ill. (September 18, 2008) - Broadwind Energy, Inc. (OTC-BB: BWEN), today announced an expanded organizational structure and leadership team to support its drive to become the premier component and service provider in the North American wind and alternative energy industry. The new structure will be comprised of key operating platforms, including: Towers, Service, Gearing, Transportation and Heavy Fabrication. full story
Broadwind Energy to Supply Integrated Tower Solution to Nordex USA Naperville, Ill. (August 19, 2008) - Broadwind Energy, Inc. (OTC-BB: 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. full story
Broadwind Energy Closes Acquisition of Badger Transport Naperville, Ill. (June 10, 2008) - Broadwind Energy, Inc. (BWEN-OTC) has finalized its acquisition of Badger Transport, Inc. Badger, Clintonville, Wis., is a heavy hauler that specializes in transporting oversized and overweight components and equipment for the wind energy industry. full story
Broadwind Energy To Proceed With Second Closing of Equity Financing Houston, TX (June 2, 2008) - Broadwind Energy, Inc. (BWEN-OTC), Naperville, Ill., announced today that it has met the conditions required under the Hart Scott Rodino Act to allow the second closing of an investment by Tontine Associates, LLC. The company made the announcement from the floor of the WINDPOWER 2008 Conference & Exhibition in Houston. full story
Broadwind Energy Subsidiary, Brad Foote Gear Works, To Expand Wind Gearing Production Capacities Naperville, Ill. (May 30, 2008) - Brad Foote Gear Works, Inc., a wholly owned subsidiary of Broadwind Energy, Inc., announced today it has purchased 14 additional advanced gear manufacturing systems from Höfler Company, Ettlingen Germany. full story
Broadwind Energy Subsidiary, Tower Tech Systems, To Expand Wind Tower Production Capacities Naperville, Ill. (May 28, 2008) - Broadwind Energy, Inc. (BWEN-OTC) announced today that its wholly-owned subsidiary, Tower Tech Systems, will expand its wind tower manufacturing operations to Sioux Falls, S.D. and Abilene, Texas. Tower Tech Systems currently operates a manufacturing facility in Manitowoc, Wis. that has been producing wind towers since 2004. full story
Broadwind Energy Company, R.B.A., Doubles Size and Capacity Naperville, Ill. (May 20, 2008) - Broadwind Energy, Inc. (BWEN-OTC) announced today that its heavy steel fabrication company, R.B.A. Inc., has acquired a second facility that more than doubles the company’s manufacturing space and significantly increases its capacity. full story
Broadwind Energy to Acquire Badger Transport Naperville, Ill. (April 28, 2008) - Broadwind Energy, Inc. (BWEN-OTC) has reached a definitive agreement to acquire Badger Transport, Inc., a heavy hauler based in Clintonville, Wis. Broadwind expects to complete the acquisition, which is subject to customary closing conditions, during the second quarter of 2008. full story
Broadwind Energy Raises $100 Million in Equity Financing Naperville, Ill. (April 25, 2008) - Broadwind Energy, Inc. (BWEN-OTC) announced today it has entered into definitive agreements to raise approximately $100 million through the direct sale of common stock to investment funds managed by Tontine Associates, LLC. full story
Broadwind Energy’s Brad Foote Gear Works Announces Long-Term Supply Agreement to Support GE Transportation’s Growing Wind Business Naperville, Ill. (April 18, 2008) - Broadwind Energy, Inc. (OTC: BWEN) announced today that its wholly owned subsidiary, Brad Foote Gear Works Inc., has signed a three- year, evergreen supply agreement with GE Transportation to provide gear sets for use in wind turbine gearboxes, which GE Transportation builds in Erie, Pa. for the North American market. full story
Tower Tech Signs Framework Agreement With Towers And Metallic Structures, A Subsidiary Of Gamesa Technology Corporation, Inc. Naperville, Ill. (April 15, 2008) - Broadwind Energy, Inc. (BWEN-OTC) announced today that its wholly-owned subsidiary, Tower Tech Systems, Inc., has signed a
framework agreement to supply wind turbine towers to a subsidiary of Gamesa Technology Corporation, Inc., for its North American projects. The G87 78-meter, four- section wind towers will be fabricated in Manitowoc, Wis. with delivery beginning April
2008. full story
Reiland Appointed to Broadwind Energy Board of Directors Naperville, Ill. (April 14, 2008) - Broadwind Energy, Inc. (OTC:BWEN) has appointed
David P. Reiland, chief executive officer and president of Magnetek, Inc. (NYSE: MAG), to its Board of Directors. Reiland will replace Raymond L. Brickner III, who today announced his resignation from the Board. full story
Energy Maintenance Service Opens Second Regional Operations Center in Abilene, Texas Naperville, Ill. (April 8, 2008) - Energy Maintenance Service, LLC (EMS), a Broadwind Energy, Inc. (OTC: BWEN) company, has established a comprehensive wind energy maintenance and service center in Abilene, Texas. The new center has the potential to create more than 80 new jobs in the region and will support satellite operations across Texas and the surrounding states. full story
Company Relocates Corporate Headquarters to Chicago, Ill. Area Naperville, Ill. (March 31, 2008) - Broadwind Energy, Inc. (BWEN-OTC) has promoted Lars Møller to executive vice president and chief operating officer and Matt Gadow to executive vice president and chief financial officer. The company also has relocated its corporate headquarters from Manitowoc, Wis. to Naperville, Ill. full story
Tower Tech Holdings Changes Name to Broadwind Energy Manitowoc, Wis. (March 3, 2008) - Tower Tech Holdings Inc. (TWRT-OTC) has completed a corporate name change to Broadwind Energy, Inc. full story
TOWER TECH HOLDINGS INC. ACQUIRES ENERGY MAINTENANCE SERVICE, LLC MANITOWOC, WI (January 16, 2008) - Tower Tech Holdings Inc. (TWRT) announced today that it has acquired Energy Maintenance Service, LLC, a leading independent operations and maintenance company. EMS’s offerings include erection, operations and maintenance, component-repairs and rebuilding of wind turbines. full story
TOWER TECH HOLDINGS INC. STRENGTHENS SENIOR MANAGEMENT TEAM MANITOWOC, WI. (October 22, 2007) - Tower Tech Holdings Inc. (TWRT) has closed the previously announced acquisition of Brad Foote Gear Works, Inc., an Illinois-based manufacturer of gearing systems for the wind turbine, oil and gas and energy-related industries. full story
TOWER TECH HOLDINGS INC. COMPLETES ACQUISITION OF BRAD FOOTE GEAR WORKS, INC. MANITOWOC, WI. (October 23, 2007) - Tower Tech Holdings Inc. (TWRT-OTC) announced today that two proven and experienced leaders in the North American wind industry have joined the Company’s leadership team. full story
TOWER TECH HOLDINGS INC. ACQUIRES RBA, INC. MANITOWOC, WI. (October 2, 2007) - Tower Tech Holdings Inc. (TWRT) has closed the previously announced acquisition of RBA, Inc., a Manitowoc, Wisconsin-based fabricator of components for energy-related industries. Tower Tech purchased all of the outstanding stock of RBA for $5 million. Tower Tech expects that the acquisition will expand its product portfolio for the wind turbine industry and increase its energy-related fabrication capabilities. full story
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