Willdan Awarded $57 Million Small Business Energy Efficiency Program


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Oct 20, 2022

Willdan Awarded $57 Million Small Business Energy Efficiency Program

ANAHEIM, Calif.--(BUSINESS WIRE)--Oct. 20, 2022-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has been awarded a three-year, $57 million contract by a utility to continue implementing a small business energy efficiency program across multiple states. Willdan has delivered this energy program since its initial launch and through multiple program expansions, providing technical services and implementing projects that include refrigeration, HVAC, water measures, and lighting upgrades.

“Small businesses have faced tremendous challenges during the pandemic,” said Tom Brisbin, Willdan’s CEO and Chairman. “This program allows us to continue improving their bottom lines through energy efficiency. Willdan is excited to support these community pillars while also lowering the carbon footprint of utilities.”

About Willdan

Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com.

Forward-Looking Statements

Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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, the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 31, 2021. 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.

Al Kaschalk
VP Investor Relations

Source: Willdan Group, Inc.