Broadwind Energy, Inc. has announced that the company has entered into definitive agreements to raise approximately $100 million through the direct sale of common stock to investment funds managed by Tontine Associates, LLC. The company plans to use the proceeds to accelerate its current expansion plans, invest in working capital to accommodate production growth expectations and finance potential acquisitions.

Broadwind Energy Inc. announced that its wholly-owned subsidiary, Tower Tech Systems Inc., has signed a framework agreement to supply wind turbine towers to a subsidiary of Gamesa Technology Corporation Inc., for its North American projects. The G87 78-meter, four-section wind towers will be fabricated in Manitowoc, Wis. with delivery beginning April 2008.

Broadwind Energy Inc. has appointed David P. Reiland, chief executive officer and president of Magnetek Inc. to its Board of Directors. Reiland will replace Raymond L. Brickner III, who announced his resignation from the Board. The Board changes will become effective immediately following Broadwind´s filing of a Form 10-KSB, for the year that ended Dec. 31, 2007, with the Securities and Exchange Commission. Reiland became Magnetek´s president and CEO in October 2006. He has held numerous high-level positions since joining the company in 1986, including executive vice president, chief financial officer, controller and vice president of finance. Prior to joining Magnetek, Reiland was an audit manager with Arthur Andersen & Co. He is a certified public accountant who also holds an undergraduate degree in financial management from California State University, Long Beach, and an MBA from the University of Southern California.