ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today announced that it
has been awarded two time-and-materials type contracts by the City of
Elk Grove. Under the new contracts, Willdan will provide the city an
expanded suite of engineering and public works services designed to
foster a greener, safer, more efficient community. The contracts have a
combined ceiling of $73 million over the three base years and two option
years. The first award is for non-federal/state-funded public works
services, and has a $14 million annual expenditure ceiling over each of
the five years. The second award is a $3.15 million contract for
federal/state-funded project management services.
"We want to thank the Elk Grove City Council and staff for their
continued support," remarked Tom Brisbin, Willdan's CEO. "We were
selected 5-0 by the City Council for another five years. The City of Elk
Grove has taken a commercial approach to providing public service that
is a model for California and the rest of the country. This outsourcing
model seeks to optimize efficiency, enhance customer service, and
minimize cost to their residents. We hope to provide more of Willdan's
services to other progressive cities, assisting them with their
aspirations to become ‘Smart Cities' of the future."
The City of Elk Grove is located just south of Sacramento, has 161,000
residents, and in 2005 was the fastest growing city in the U.S. The
contracts encompass three major areas—public works city engineering,
capital improvement program management, and infrastructure operations.
Over the last five years, Willdan has completed a number of notable
projects in Elk Grove including the award-winning Rain Garden, which
recycles stormwater in an innovative and educational way, and the
conversion to LED street lighting, which saves residents $400,000 per
year.
About Willdan
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's SEC 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/20160505006633/en/
Willdan Group, Inc.
Stacy McLaughlin, 714-940-6300
Chief
Financial Officer
smclaughlin@willdan.com
or
Investor/Media
Contact
Financial Profiles, Inc.
Tony Rossi, 310-478-2700
trossi@finprofiles.com
Source: Willdan Group, Inc.
News Provided by Acquire Media