Broadwind Energy Subsidiary Tower Tech Systems to Manufacture Wind Tower Sections For Nordex USADate Posted: August 19, 2008 Naperville, Ill. Aug. 19 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. 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, Tex. 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 customers. “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 North America.” 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.” For more information, contact Jeff Lambert or Karen Keller at 616-233-0500. Supplier News & New Products
|
|