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TPI Composites’ Statement On Award of More than $9 Million In Recovery Act Manufacturing Tax Credits from the Obama Administration


Disclaimer

This page contains press releases with forward-looking statements regarding anticipated future revenues, growth, capital expenditures, management’s future expansion plans, expected product and service developments or enhancements.  Such forward-looking statements may be identified by the use of the following words (among others): “believes,” “expects,” “may,” “will,” “plan,” “should” or “anticipates,” or comparable words and their negatives.  These forward-looking statements are not guarantees but are subject to risks and uncertainties that could cause actual results to differ materially from the expectations contained in these statements.  TPI assumes no obligation to update any forward-looking statements contained in this press release in the event of changing circumstances or otherwise, and such statements are current only as of the date they are made.


Scottsdale, Ariz.  Jan. 8, 2010 -- TPI Composites applauds the President for his leadership in stewarding policies like the Clean Energy Manufacturing Tax Credit, the Department of Energy Loan Guarantee Program and a strong Federal Renewable Electricity Standard. The company shares his view that these programs will help create U.S. jobs, revitalize the nation’s industrial and manufacturing base and allow our country to be less dependent on foreign sources of energy. The President’s leadership on these matters will help create a large renewable energy market in the U.S.

TPI ‘s tax credit award will help the company advance its plans to expand operations and create additional manufacturing jobs in the U.S. The company looks forward to announcing specific project plans in the future.