ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. ("Willdan") (NASDAQ: WLDN) today announced the award
of a new three-year, $75 million base contract to implement Con Edison
of New York's (Con Edison's) Commercial Direct Install (CDI) program
across the utility's New York City and Westchester County service area.
This new program replaces and expands Con Edison's Small Business Direct
Install (SBDI) program, which Willdan has implemented since 2009, by
increasing the size of eligible commercial customers and diversifying
the program offerings. Willdan expects there to be additions to the base
contract, which runs through year end 2019. The base contract does not
include the Brooklyn Queens Neighborhood Program, expansions described
in the proposed joint settlement rate case, or additional program focus
"We thank Con Edison for entrusting Willdan again with one of their most
important energy efficiency programs," said Tom Brisbin, Willdan's CEO.
"Many utilities around the country are facing challenges similar to
those we have overcome on the Con Edison program."
The CDI program, Con Edison's largest energy efficiency program, helps
customers save energy, lower their bills, and protect the environment by
providing financial incentives to identify and buy down the cost of
energy efficiency measures. To support this effort, Willdan will provide
full-service program implementation including outreach and direct sales
to potential commercial customers, on-site energy efficiency
assessments, direct implementation of energy savings measures, and
With this new program, Willdan will bolster Con Edison's contribution
towards achieving NY Governor Cuomo's Reforming the Energy Vision goals.
The CDI program will reduce the carbon footprint of Con Edison's
customers by offering expanded turnkey solutions for upgrading existing
lighting, refrigeration and gas equipment and subsidize the cost of
energy efficiency investments to make energy more affordable for New
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/20170111005920/en/
Willdan Group, Inc.
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Source: Willdan Group, Inc.
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