CICERO, Ill., June 15, 2018 (GLOBE NEWSWIRE) — Broadwind Energy, Inc. (NASDAQ:BWEN) today announced the expansion of its Gearing segment, Brad Foote Gear, with the formation of a custom gearbox division. The new division leverages 90 plus years of experience and the latest design software to produce high-quality, engineered gear drives for industrial applications. The Company specializes in high reliability and critical risk application and can expertly design and manufacture parallel, right angle and planetary drives up to 16 million inch pounds of torque.
Gearing segment President, Dan Schueller stated, “Rick Tallerico, VP of Operations and Engineering, will be leading this newly created division. Rick has over 30 years of gear manufacturing experience and has been an invaluable member of the Brad Foote/Broadwind team.
Schueller continued, “We optimize design, manufacture components and perform internal testing at Brad Foote. We have AGMA Grade 3 heat treat capacities along with high precision grinding. All gearboxes and components are 100% inspected to stringent specifications and our ultrasonic, magnetic particle and full metallurgical testing in-house ensures we meet our customers’ demands for high-quality and reliable products. We are the total solution for our customers’ gearbox needs.”
The Gearing segment has seen a turnaround with the recovery in oil and gas, mining and other industrial markets in both loose gearing and gearbox work. Orders for the segment in 2017 totaled $37 million, a 150% increase compared to 2016 due mainly to the rebound in the oil and gas industry and successful penetration of a number of new accounts.
Broadwind CEO Stephanie Kushner stated, “Given the rising strength in our end markets, our visibility has improved tremendously. We have a talented and dedicated team focused on providing full service gearbox offerings to help grow the business and meet our strategic goals around customer diversification, growth and profitability.”
Brad Foote Gear is a founding member of the American Gear Manufacturers Association and is ISO 9001:2015 certified.
About Broadwind Energy, Inc.
Broadwind Energy (NASDAQ:BWEN) is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. From gears and gearing systems for wind, oil and gas and mining applications, to wind towers and industrial weldments, we have solutions for the clean tech, energy and infrastructure needs of the future. With facilities throughout the U.S., Broadwind Energy’s talented team is committed to helping customers maximize performance of their investments—quicker, easier and smarter. Find out more at www.bwen.com
BWEN INVESTOR CONTACT: Joni Konstantelos, 708.780.4819 email@example.com GEARBOX SALES CONTACT: Sergio Gamboa, 708.298.1170 firstname.lastname@example.org