ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. (NASDAQ: WLDN) today announced that it has been
awarded a $10.9 million contract by the City of Lawrence, Kansas, for a
comprehensive energy-efficiency and facility-improvement project
encompassing 40 City-owned buildings. The contract follows an investment
grade audit performed by Willdan that projected the City's annual energy
and maintenance savings, and recommended specific energy conservation
measures. As part of its turnkey contract, Willdan will be responsible
for all facets of project implementation and ongoing performance
measurement and verification.
"This single contract combines many of our technical capabilities,
including renewable energy generation, energy efficiency design,
expertise in a wide variety of facility types, and assistance with Green
Bond financing," stated Tom Brisbin, Willdan's CEO. "Willdan's
performance contract guarantees the energy savings to fund the costs of
the City's project. We anticipate a 12-month project duration, after
which we will provide measurement and verification services to quantify
the energy savings achieved."
This project includes a 100-kW rooftop solar array, converting all
building lighting to LED technology, redesigning the HVAC systems at the
Holcom Recreation Center, modifying air distribution and other systems
to resolve indoor air quality deficiencies at the indoor aquatic center,
replacing failing chillers and boilers, upgrading antiquated rooftop
HVAC units and split systems, and redesigning building envelopes with
higher efficiency technology.
Willdan provides professional consulting and technical services to
utilities, public agencies and private industry throughout the United
States. The Company's service offerings span a broad set of
complementary disciplines that include energy efficiency and
sustainability, engineering and planning, financial and economic
consulting, and national preparedness. Willdan provides integrated
technical solutions to extend the reach and resources of its clients,
and provides all services through its subsidiaries specialized in each
segment. For additional information, visit Willdan's website at www.willdan.com.
Statements in this press release that are not purely historical,
including statements regarding Willdan's intentions, hopes, beliefs,
expectations, representations, projections, estimates, plans or
predictions of the future are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The
forward-looking statements involve risks and uncertainties including,
but not limited to, the risk that Willdan will not be able to expand its
services or meet the needs of customers in markets in which it operates.
It is important to note that Willdan's actual results could differ
materially from those in any such forward-looking statements. Factors
that could cause actual results to differ materially include, but are
not limited to, a slowdown in the local and regional economies of the
states where Willdan conducts business and the loss of or inability to
hire additional qualified professionals. Willdan's business could be
affected by a number of other factors, including the risk factors listed
from time to time in Willdan's SEC reports including, but not limited
to, the Annual Report on Form 10-K filed for the year ended January 1,
2016. Willdan cautions investors not to place undue reliance on the
forward-looking statements contained in this press release. Willdan
disclaims any obligation to, and does not undertake to, update or revise
any forward-looking statements in this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170309006301/en/
Willdan Group, Inc.
Financial Profiles, Inc.
Tony Rossi, 310-622-8221
Source: Willdan Group, Inc.
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