Broadwind, Inc. Announces New $8 Million Order for Mobile Pressure Reducing Systems and Accessories
April 13, 2023
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Broadwind, Inc. announced an $8 million order for its proprietary Mobile Pressure Reducing Systems (PRS) and related accessories, including both its legacy medium flow and newly introduced high flow PRS model. First launched in 2021, Broadwind's mobile natural gas decompression systems are a key component utilized in "virtual pipelines", an alternative method for supplying compressed natural gas to regions without established pipeline infrastructure. This technology plays a vital role in ensuring that natural gas can be used in large volumes as a lower emissions replacement for diesel fuel and coal in applications without access to a pipeline.
The new Broadwind High-Flow PRS doubles the flow capacity of a legacy medium flow unit, while maintaining an identified sized envelope, controls architecture, and operator interface. The Company continues to invest in IP that seeks to further expand the PRS product family, positioning Broadwind to support a broad range of product applications in the natural gas and hydrogen delivery space. The Company continues to anticipate that its clean fuels product offering has the potential to be 10% of total revenue by 2025.
Broadwind Inc. is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. The Company operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides large, complex and precision fabrications to customers in a broad range of industrial markets. The Gearing segment provides gearing and gearboxes to a set of customers in diverse markets, including onshore and offshore oil and gas, fracking and drilling, surface and underground mining, wind energy, steel, material handling, infrastructure, marine and other industrial markets. It also provides gearbox repair services. Industrial Solutions provides supply chain solutions, light fabrication, inventory management, kitting, and assembly services, primarily serving the combined cycle natural gas turbine market. It also provides packaging solutions and fabricates panels and sub-assemblies.
BROADWIND, INC. 
