TPI Composites and GE Energy Reach Agreement to Manufacture Wind Turbine Blades in China

Business Wire, April 12, 2007

WARREN, R.I. -- TPI Composites, Inc. (TPI), a leading manufacturer of large-scale composite structures, announced today that it has signed a long term supply agreement with GE Energy to manufacture wind turbine blades in a new production facility to be established in Taicang, China.

The facility will occupy 190,000 square feet with the ability to expand. Production will begin early in 2008 and TPI expects to employ approximately 450 people at this facility at full production rates.

The agreement also provides GE with a license to TPI's patented SCRIMP[R] process technology. The SCRIMP process is a highly advanced form of vacuum infusion.

"TPI is very pleased to have reached an agreement with GE Energy to manufacture wind blades in China for their use," says Steven C. Lockard, president and chief executive officer of TPI. "We are eager to provide our partners such as GE with growth capacity and a source of competitive advantage that can come from focused blade factories."

"We have selected the Taicang Port Development Zone to locate our factory. We greatly appreciate the cooperation we have received from the local government and port authorities" said Wayne G. Monie, TPI's chief operating officer. "We are creating a high tech composites operation to serve the Chinese market as well as the export market in a high-quality, cost-efficient manner."

GE Energy is a world leader in wind energy with over 9,100 worldwide wind turbine installations comprising more than 8,600 MW of capacity.

About TPI Composites, Inc.

TPI Composites, Inc., headquartered in Warren, Rhode Island, is a leading manufacturer of large-scale composite structures for the wind energy, transportation, and military vehicle markets. TPI operates factories in Warren, Rhode Island; Juarez, Mexico; and Springfield, Ohio. For more information click on www.tpicomposites.com.