ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. (NASDAQ: WLDN) today announced that it has
been selected by Puget Sound Energy (PSE) to implement its inaugural
Lodging Direct Install (LDI) energy efficiency program, which serves
PSE's lodging customers throughout the utility's 6,000-square mile
service area. This is the first time the two-year program has been
offered by PSE. The total value of the two-year contract is $2.8 million.
"Willdan works with hospitality owners, brands, and management groups
across the country, and we understand how to support this unique
vertical market," commented Tom Brisbin, President/CEO of Willdan. "This
sector-specific experience - together with our deep understanding of new
and innovative energy efficiency technologies - enables us to assist
lodging customers in making strategic investment decisions related to
their energy use."
The LDI program is projected to deliver 6.18 million kilowatt-hours in
electric energy savings and 266,000 therms of natural gas energy savings
to PSE lodging customers. The program approach features a broad array of
personalized service offerings including direct installation of no-cost
and low-cost lighting, HVAC, and refrigeration measures for small or
limited-service hotels. For larger and full-service hotels, the program
offers compensation towards comprehensive energy efficiency audits when
circumstances warrant detailed measure identification and energy savings
analysis. Willdan's commitment to actively engage trade allies to
augment the installation services component of the LDI program can
enable the program to effectively support PSE's lodging 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 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/20160421005353/en/
Willdan Group, Inc.
Stacy McLaughlin, 714-940-6300
Financial Profiles, Inc.
Moira Conlon, 310-478-2700
Source: Willdan Group, Inc.
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