White Named Product Line Manager - Wind Power Services
South Bend, Indiana, September 3, 2008 PR Newswire/FirstCall - Industrial services provider MISCOR Group, Ltd. (OTC BB: MIGL) today announced it has named Mike White as Product
Line Manger - Wind Power Services for Magnetech Industrial Services, which is a unit of
MISCOR’s industry-leading Repair, Remanufacturing and Manufacturing Division
(RRM). White brings more than 15 years of experience in engineering, management and
sales to his new role with Magnetech Industrial Services.
White was most recently with GE Transportation’s Wind Power Group, where he served
as Product Manager for aftermarket Wind Power Products and Services, a wind power
group unit focused on up-tower and factory repair of turbine drive-train components. In
this capacity, White developed and implemented a number of management and
engineering-focused programs while rolling out GE Transportation’s field service
program for Wind Power. Previously, White served as a senior application engineer for
Advanced Application Development/Wind Energy with The Timken Company, where he
also led an engineering team focused on ultra-large wind bearing manufacturing and
performed extensive wind turbine application analyses to increase turbine performance.
White began his career with the United States Navy as a nuclear technician/operator on
the submarine USS Augusta, managed a division of 16 mechanical technicians in the
operation and maintenance of the fast attacks sub’s nuclear reactor plant.
“Mike’s broad range of engineering and management experience in the power generation
industry will be a valuable asset to Magnetech Industrial Services as we continue to
position MISCOR as a growing leader in the wind generation market. In addition, the
strong leadership skills he honed while an officer in the Navy make him a welcome
addition to our leadership team,” said Bernie DeWees, President of Magnetech Industrial
Services.
In his new role with Magnetech Industrial Services, White will be responsible for
managing the field service operations including for all wind power related equipment, onsite
and in-shop repairs. He will also be involved in further developing the company’s 3-D Asset Management System for the wind power industry, and developing new tools and
techniques to accelerate the use of predictive and preventative maintenance processes.
“Mike’s proven expertise in the renewable energy field will be a tremendous asset to our
customers and our organization as we continue to invest in the enormous potential of
wind generation,” said John Martell, President and CEO of MISCOR. “Our leadership
team continues to grow in depth and focus in this important field, and Mike will play a
key role in helping to drive our national reputation as a leader in both industrial services
and alternative energy repair.”
White holds bachelor degrees of science in mechanical and materials engineering from
the University of Connecticut.
About MISCOR
South Bend, Ind.-based MISCOR Group, Ltd. (OTC BB: MIGL) provides electrical and
mechanical solutions to industrial, commercial and institutional customers through two
segments: RRM (repair, remanufacturing and manufacturing) segment, which provides
maintenance and repair services for industrial motors, generators and lifting magnets, and
diesel engine component manufacturing, remanufacturing and repair services; and CES
(construction and engineering services) segment, which provides a wide range of electrical
and mechanical contracting services and engineering and repair services for electrical power
distribution systems. In 2007, MISCOR entered the wind power industry through its
acquisition of 3-D Service, Ltd., providing up-tower and in-shop wind power service
including comprehensive inspections; filter and lubricant replacement; bearing and slip ring
replacement; coupling and gearbox service; balancing and alignment; predictive
maintenance, and equipment repair and remanufacturing. MISCOR was ranked on the Inc.
500 in 2004 and 2005 and has grown to more than 600 employees in 14 locations
nationwide.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe
harbor provisions of the United States Private Securities Litigation Reform Act of 1995.
Words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “should,”“could,” “will,” or variations of such words and similar expressions are intended to identify
forward-looking statements. These forward-looking statements reflect the Company's views,
expectations and beliefs at the time such statements were made with respect to such atters,
and may cover such items as the Company's future plans, objectives, events, contract pricing
and results such as revenues, expenses, income, earnings per share, capital expenditures,
operating margins, financial position, expected results of operations and other financial items.
There are a number of factors, many of which are beyond the Company's ontrol, which
could cause actual results and outcomes to differ materially from those described in the
forward-looking statements. Forward-looking statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions (“Risk Factors”) that
make the timing, extent, likelihood and degree of occurrence of these matters difficult to
predict. Risk Factors include, among others: price of raw materials, ability to win and service
competitively priced new contracts in sufficient amounts to operate and expand effectively,
employee turnover, ability to compete in highly competitive, geographically diverse
marketplaces, and varying and sometimes volatile economic conditions. For further
discussion of risks and uncertainties, individuals should refer to the Company's SEC filings.
MISCOR Group, Ltd. undertakes no obligation and does not intend to update these forwardlooking
statements to reflect events or circumstances occurring after this press release is
issued. You are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All forward-looking statements are
qualified in their entirety by this cautionary statement.
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CONTACT:
Rich Mullin, CFO
MISCOR Group, Ltd.
(574) 234-8131
Jeff Lambert, Patrick Kane
Lambert, Edwards & Associates, Inc.
(616) 233-0500 pkane@lambert-edwards.com
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