Broadwind Energy, Inc. News
Broadwind Energy Company, R.B.A., Doubles Size and Capacity
R.B.A., an industrial mechanical contractor in
R.B.A.'s founder,
R.B.A. Expansion
R.B.A. currently occupies a 40,000-square-foot heavy steel fabrication facility in
"With this expansion, R.B.A. can further improve the service it has been providing the mining and crane-building industries," said Broadwind CEO
R.B.A. acquired the building so it can meet increasing demand for its fabricating services for current customers. The expansion also will allow R.B.A. to expand its offerings of large steel components and specialty tools for customers and other Broadwind Energy platform companies.
R.B.A. has begun hiring employees for the new facility and expects to add approximately 40 people over the next 12 months. The hiring will bring its total workforce to just under 100.
In addition to R.B.A., the
Brickner Retirement
Brickner said he leaves Tower Tech with mixed emotions. "This is an extremely exciting time for Tower Tech, with a highly promising market and the financial backing of Broadwind to help the company take advantage of that market," he said. "The company is in good hands with strong, experienced leaders who can take it to the next level. I'm proud of what my company has become and is becoming, but if there is an ideal time for me to step away, it is now."
Brickner founded R.B.A. in 1985 and Tower Tech Systems, with three partners, in 2003. He announced his departure from the Broadwind Board of Directors earlier this month.
"Ray has been an inspiration to all of us, with his innovative ideas, never-say-die attitude and willingness to take calculated risks for the benefit of his companies," said Drecoll. "Broadwind Energy wishes him all the best in his retirement."
About Broadwind Energy, Inc.
Broadwind Energy, Inc. (OTC: BWEN),
About R.B.A., Inc.
R.B.A., a Broadwind Energy company founded in 1985, is an industrial mechanical contractor in
Forward-Looking Statements
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. Our forward-looking statements in this release generally relate to (i) the expected benefits of the R.B.A. facility expansion; (ii) our plans with respect to the new R.B.A. facility; and (iii) and the anticipated closing date of the Badger Transport acquisition. Although it is not possible to foresee all of the factors that may cause actual results to differ from our forward-looking statements, such factors include, among others, the following: (i) unforeseen delays, costs or liabilities that may arise in connection with the facility expansion; (ii) incorrect assumptions by management or unforeseen difficulties that that limit our ability to successfully implement our plans for the new R.B.A. facility; (iii) our ability to close the Badger Transport acquisition, (iv) our ability to successfully remediate internal control deficiencies; (v) fluctuations in general economic conditions; and (vi) 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. Shareholders 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 undertake no obligation to update publicly or revise any forward-looking statements.
SOURCE Broadwind Energy, Inc.
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