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Gregor Gnadig Joins Modular Wind Energy as New CEO

HUNTINGTON BEACH, CA -- (Marketwire) -- 05/31/12 -- Modular Wind Energy (www.modwind.com), a manufacturer of innovative rotor blades for large-size wind turbines, is pleased to announce Gregor Gnädig as their new Chief Executive Officer. Mr. Gnädig joins the company from his previous post as Chief Operating Officer of REpower Systems SE, a Suzlon Group Company, recognized as one of the leading international manufacturers of onshore and offshore wind turbines.

Mr. Gnädig joins Modular Wind Energy as the company emerges from a significant research and development phase into the serial production stage. The first commercial turbine blades, based on a modular 45-meter design, are scheduled for installation in the United States and Europe later this year.

During his tenure at REpower, Mr. Gnädig was responsible for the entire supply chain management including the worldwide production of turbines in Europe, Australia, Canada, India, and the United States. "Modular Wind Energy has design technology that can truly change the supply chain as we know it," said Mr. Gnädig. "I look forward in joining them to establish the organization as an international supplier of these innovative blades. I am convinced that many wind turbine manufacturers will be seriously looking at this technology that can improve their competitive market situation."

"Gregor joins us at a pinnacle time in our company as we enter into the global marketplace with our blade," says Chief Technical Officer and company co-founder, Dr. Myles Baker. "We welcome his experience and the exciting opportunity that his presence brings to our organization."

Prior to joining Modular Wind Energy and REpower, Mr. Gnädig had various executive positions at ABB and Alstom in the U.S., Switzerland, Germany and the U.K. in the conventional power generation business. Gregor Gnädig began his career in 1987 as an engineer in the United States after graduating in mechanical engineering at the University of Karlsruhe (Germany).

About Modular Wind Energy
Modular Wind Energy produces wind turbine blades that feature a revolutionary structural technology that results in longer, lighter, more reliable blades. This allows our customers -- manufacturers of multi-megawatt wind turbines -- to offer a lower cost of energy to wind generation asset owners.

Our patented design and production process produces the highest quality composite components, allowing us to manufacture divided blades without risk of certain serial defects associated with conventional blade building techniques. Our blades feature greater stiffness, strength, and up to 20% lighter design for very large blades. This enables larger rotors and ultimately a lower cost of energy when compared to conventional blades.

Modular Wind Energy is a privately held company founded in 2008. The company is headquartered in Huntington Beach, California with a satellite office in Hamburg, Germany.

For more information, visit www.modwind.com or call (714) 373-5300.
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Media Contact
David Reeve
Modular Wind Energy
Email Contact
(714) 514-3971

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