Broadwind Energy Announces $8M Gearing Orders, Q2 Orders Total $19M

Broadwind Energy, Inc.

announced an $8 million gearing order to be produced by its Brad Foote Gear Works, Inc. subsidiary for 2015 delivery. Broadwind President and CEO Peter Duprey stated, "I am encouraged to see our transformation efforts in this business segment starting to bear fruit. With this order, our second quarter Gearing orders totaled nearly $19 million, the highest quarterly order rate in over four years, including a mix of wind and industrial orders. Industrial orders have strengthened in recent weeks due to increased demand for gears used in natural gas production equipment and growth in demand from steel customers. In addition, we recently concluded our Gearing plant labor union negotiation, and with our plant consolidation essentially complete, we are seeing visible incremental improvement in our production flow. Together, these factors indicate to us that our turnaround of the Gearing business is gaining traction."