Tower Tech becomes Broadwind Energy

Herald Times Reporter

MANITOWOC —Tower Tech Holdings Inc. (OTC Bulletin Board: TWRT) has completed a corporate name change to Broadwind Energy, Inc.

Effective today, all common shares of Broadwind Energy, Inc., as well as shares previously traded under the TWRT symbol, began to be traded on the Over The Counter market under the ticker symbol BWEN.

With headquarters and production plant in the City Centre business park on the Manitowoc River peninsula, Broadwind manufactures, installs and maintains components for energy and infrastructure-related industries with a primary emphasis on the wind energy sector.

The company employs approximately 800 people in Manitowoc and other sites.
While wind tower manufacturing continues to be a major focus for Broadwind, a news release from the company stated strategic acquisitions have broadened the company’s reach and capabilities for a range of energy-related industries.

Over the past six months, Broadwind has added platform companies with extensive capabilities in gearing systems manufacturing, refurbishing and repair; wind energy facility construction; and providing operations, maintenance, repair and refurbishing services for wind production equipment,” the statement said.

The statement said Broadwind has completed significant plant expansions and hiring campaigns, which started in mid-2007.
"Broadwind Energy has taken positive steps to fill the gaps in the North American wind energy development and generation supply chain," said J. Cameron Drecoll, Broadwind Energy CEO.

“We are in a strong position financially, geographically and operationally to provide the products and services that energy companies need to operate effectively,” Drecoll said.

“By aggressively expanding our already broad base, we will continue to create advantages for Broadwind, our platform companies, our customers and our partners," he said.

Company officials said, within a week, Broadwind will launch its Web site, www.broadwindenergy.com. The company also plans to roll out an advertising and marketing campaign in early April.

Broadwind subsidiaries include Brad Foote Gear Works, Inc., a precision gearing systems manufacturer in Cicero, Ill.; Energy Maintenance Service, a wind energy operation and maintenance service provider in Gary, S.D.; RBA Inc., a heavy weld and machining fabricator in Manitowoc; and Tower Tech Systems, Inc., a wind tower manufacturer in Manitowoc.

Broadwind has approximately 800 employees across the U.S.

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