Broadwind Energy (BWEN) Appoints David P. Reiland as Chairman

Broadwind Energy, Inc. (Nasdaq: BWEN) today announced the appointment of David P. Reiland as Chairman of its Board of Directors. Mr. Reiland, 56, has served as a member of the Company’s Board of Directors since April of 2008.

Mr. Reiland joined Magnetek (NYSE:MAG - News) in 1986 and served as Chief Executive Officer and President of Magnetek from 2006 to 2008, and continues to serve on its Board of Directors. Magnetek develops, manufactures and markets power and motion control systems, including systems that deliver power from renewable energy sources, including wind turbines, to the utility grid. Mr. Reiland currently chairs Broadwind’s Finance Committee and serves on the Audit and Executive Committees.

Broadwind CEO J. Cameron Drecoll stated, “We are delighted to announce Dave’s appointment as Chairman of the Board. He has played a key role since joining the Board two years ago, and has been instrumental in helping the Company navigate through the economic downturn and position itself for the recovering markets. Broadwind will further benefit from Dave’s financial acumen, manufacturing experience and wind energy knowledge.”

Mr. Reiland succeeds James M. Lindstrom as the Chairman of the Board of Directors. Mr. Lindstrom is an employee of Tontine Associates, LLC, an investment firm based in Greenwich, Connecticut that is affiliated with a group of investment funds that collectively are the Company's largest stockholder ("Tontine"). Mr. Lindstrom resigned from the Company's Board of Directors today in connection with Tontine's decision to distribute to its investors a portion of its ownership position in the Company. As disclosed in an amendment to Schedule 13D filed by Tontine with the Securities and Exchange Commission today, Tontine will distribute 20,012,836 shares of the Company's common stock to Tontine investors that are not affiliated with Tontine. Following the distribution, Tontine will hold 19,950,800 shares or approximately 18.7% of the Company’s outstanding common stock, in its continuing investment fund and through other entities affiliated with Tontine. Except for Tontine and its affiliates, the distributions by Tontine will not result in any new stockholder of the Company holding in excess of 5% of the Company's outstanding shares of common stock.

Newly appointed Chairman of the Board David Reiland said, “Tontine’s vision helped establish Broadwind as a key player in the U.S. wind industry, and we appreciate Jim’s commitment as Chairman in positioning the Company for long-term success as the wind energy market recovers.”