Round Rock, TX– April 14, 2011 – TECO-Westinghouse will be assembling the newly designed 2 MW turbines for DeWind Co, in its Round Rock, Texas facility. DeWind Co, a wholly owned subsidiary of Daewoo Shipbuilding and Marine Engineering Co. Ltd (DSME) (SEO: 042660), acquired the rights to an initial 160 MW portion of the Novus
wind project from developer Novus Windpower LLC. The Novus project is the first utility-scale wind project located in the Oklahoma Panhandle and is slated to total 370 MW when fully developed. DeWind Co is actively moving forward to break ground by mid-2011 for the first phase of the project, currently earmarked for commercial operation in early 2012. DeWind will install 40 of its 2 MW D9.2 wind turbines for the 80 MW Phase I, while future phases may utilize new DeWind models currently under development.

“We are very excited by the recent announcement of DeWind regarding their acquisition of the Novus project in Oklahoma,” said Vincent Tang, President of TECOWestinghouse Motor Company. ‘TECO-Westinghouse is committed to bringing green energy projects to Texas and our partnership with DeWind is a key factor in that effort.” According to Richard Fesmire, Director of Operations, “TECO-Westinghouse will be assembling 40 of the technologically advanced D9.2 DeWind turbines here in our Round Rock facility for the first phase and we will be launching production in a few months. DeWind is demonstrating their commitment to be a leader in providing clean, renewable energy solutions in the North American market, and worldwide, and we are excited to be able to assist them in that mission.”

Robert Rugh, President and CEO of DeWind, commented, “The Novus project provides the ideal opportunity for DeWind to showcase the new D9.2 wind turbine with its gridfriendly technology, in one of the best areas for wind generation in North America. The DeWind Novus project will provide significant green job creation to bolster the local economy and provide clean, renewable energy to thousands of homes within the heartland of America. This is a great win-win opportunity for direct and indirect stakeholders in the local community, with the general public benefitting as well.”

The Novus project represents the third DeWind-built wind farm in the Oklahoma-Texas panhandle. When the 80 MW Novus Phase I site enters commercial operation, DeWind expects to have a total of 120 MW of generation capacity on line in the region. TECO-Westinghouse and DeWind have an established relationship in which TECOWestinghouse supplies manufacturing and supply chain expertise for the deployment of the DeWind turbine designs. TECO-Westinghouse has invested heavily in the Round Rock facility, and has a flexible turbine manufacturing set-up that allows for the assembly of multiple turbine designs down the same assembly line. When at full production, the facility will be capable of producing one turbine set, consisting of a nacelle and hub, every eight hour shift. The manufacturing line allows TECOWestinghouse to produce the DeWind D8.2 series, in either the 50 or 60 Hertz configurations, and will soon be set up for the new D9.2 series for the Novus project.

The D9.2 wind turbine is the latest refinement of the proven DeWind 2 MW wind turbine technology, dating back to 2002 when the first DeWind 2 MW wind turbines entered commercial operation. The grid-friendly design of the D9.2 uniquely provides grid-support capability to all grid applications and is well-suited to the Oklahoma
Panhandle setting. Previously, DeWind turbines have been installed in environments ranging from sea level to high elevations in excess of 14,000 ft., and in climates from desert heat to extreme cold. Currently, DeWind 2 MW turbines are installed and operating in numerous locations in Europe, Asia, South America and the US.

About TECO-Westinghouse Motor Company
TECO-Westinghouse Motor Company is a leading manufacturer of electric motors and generators, with a broad selection ranging from ¼ HP to 100,000 HP. The company also manufactures and supplies motor controls, engineering services, renewal motor parts, and large motor repairs. Headquartered in Round Rock, Texas, TECO-Westinghouse serves the petrochemical, electric utility, pulp and paper, water, mining and metals industries in applications that include pumps, fans, compressors, wound rotor generators for wind turbines, conveyors, rolling mills, grinders and crushers.
For more information, visit www.tecowestinghouse.com

About DeWind Co: DeWind Co designs, produces and sells DeWind series wind energy turbines, including the 2 megawatt (MW) D9.2 model available in 60 Hz configuration, and the 2 MW D9.1 model in 50 Hz configuration. DeWind 2 MW D8 wind turbines have been operating since 2002 in Europe, and the 2 MW D9.2 predecessor turbine, the D8.2, has been operating since 2007 in Europe, South America and the US. The D9.2 utilizes advance WinDrive(R) hydrodynamic torque converter developed by Voith AG in combination with a fixed speed synchronous AC generator with high voltage output that can be connected directly to the grid without the use of power conversion electronics. DeWind D9.2 wind turbines are currently being assembled at TECO-Westinghouse
Motor Company (TWMC) in Round Rock, Texas.
For more information, visit www.dewindco.com

About DSME: DSME is the world’s second largest shipbuilder with an annual capacity of 75+ vessels and 7~8 large scale offshore structures such as semisubmersibles and FPSOs (“Floating Production Storage Offloading”), and has the largest global market share in LNGC, VLCC and semi-submersible drilling rigs. The DSME product portfolio includes commercial ships such as LNG carriers, oil tankers, containerships, LPG
carriers, pure car carriers, offshore structures such as FPSO vessels, drilling rigs, drill ships and fixed platforms; and naval vessels including submarines, destroyers, rescue ships and patrol boats. DSME, originally established as Okpo Shipyard on Geoje Island, South Gyeongsang Province in 1973, was spun off from the Daewoo conglomerate in 2000.
For more information, visit www.dsme.co.kr