ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. (NASDAQ:WLDN) today announced that it has
once again been selected by Puget Sound Energy (PSE) to implement its
Small Business Direct Install (SBDI) energy efficiency program, which
serves the most difficult-to-reach customer base in PSE's 6,000-square
mile service area. This is the third time Willdan has been selected for
this two-year contract, with each renewal seeing an increase in the
program budget. For 2016-2017, the program budget is $7.5 million, an
increase of 38% over the value of the previous contract.
"Willdan's performance has shown that through personalized service and
innovative enrollment programs, Willdan can create a customer experience
that is beneficial for both the utility and for the utility customer,"
commented Tom Brisbin, President/CEO of Willdan Group, Inc. "This—plus
our understanding of new and innovative energy efficiency
technologies—enables us to assist utility customers in making strategic
investment decisions related to their energy use."
One of PSE's largest customer-facing programs, the SBDI contract
addresses an extensive region that spans both rural and urban
geographies. It's intended to deliver to PSE customers 22.3 million
kilowatt-hours of electric energy savings and 560,000 therms of natural
gas energy savings, and offers expanded energy efficiency measures.
These include HVAC and refrigeration measures for small grocers and
convenience stores. Another important aspect of this latest contract is
Willdan's commitment to actively engage trade allies to install a
significant portion of the program. This approach will help to provide
comprehensive service and support to utility customers across a region
that is both broad and diverse.
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.
Forward Looking Statements
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'sSEC reports including, but not limited
to, the Annual Report on Form 10-K filed for the year ended January 2,
2015. 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/20160226005191/en/
Willdan Group, Inc.
Stacy McLaughlin, 714-940-6300
Financial Profiles, Inc.
Moira Conlon: firstname.lastname@example.org
Source: Willdan Group, Inc.
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