SOUTH BEND, Ind., May 30 /PRNewswire-FirstCall/ -- Industrial services provider MISCOR Group, Ltd. today announced it has named Michael Stefanik as Director of Wind Power Solutions for 3-D Service, a subsidiary of Magnetech Industrial Services, which is a unit of MISCOR's industry-leading Repair, Remanufacturing and Manufacturing Division (RRM). Stefanik brings more than 30 years of experience in the design, construction and maintenance of commercial, industrial, utility electrical systems and renewable energy systems - including wind farms - for projects located throughout North and South America.
"The wind generation industry holds a great deal of potential for us, making it critical to have someone of Mike's caliber directing one of our high-growth initiatives," said John Martell, President and CEO of MISCOR. "Mike's service-oriented experience spans both North and South America in power generation, including wind power. With his home base in Arizona, we are strategically positioning MISCOR for continued geographic expansion and growth within the wind industry."
"Mike has a broad range of experience in the utility and industrial sectors that will be valuable as we continue to grow in the wind power industry. He is a welcome addition to our leadership team," said Bernie DeWees, President of Magnetech Industrial Services.
As founder and president of Union Power Constructors and Mountain States Electrical Contractors in Arizona, he directed all aspects of the organization's commercial, industrial and utility contracting services. Stefanik has also held project management leadership roles with Arizona Public Service, InfraSource Services and Quanta Services.
3-D Service provides up-tower and in-shop wind power services 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. The Company provides service for all brands of wind turbine equipment. 3-D Service is an ABB and GE authorized service provider.
For more information, please visit www.miscor.com and www.magnetech.com.
About MISCOR
South Bend, Ind.-based MISCOR Group, Ltd. 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 both onsite and in-shop maintenance and repair services for wind farms. 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. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. 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 forward-looking statements to reflect events or circumstances occurring after this press release. 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.