ANAHEIM, Calif.--(BUSINESS WIRE)--May 17, 2019--
Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has been
selected as a pre-qualified contractor by the New York City Department
of Citywide Administrative Services (DCAS). Willdan is pre-qualified for
three years to deliver turnkey projects and perform retro-commissioning
services for energy efficient repairs and capital projects at City
agencies. New York City has budgeted $1.5 billion citywide over the next
four years for energy efficiency measures and building retrofits in
order to realize its One City, Built to Last plan.
The City of New York has a goal to reduce emissions by 80% of 2005
levels by 2050. Willdan is one of 11 contractors on New York City DCAS’
pre-qualified contractors list for Expense Funded Energy Efficiency
Projects. As a selected contractor, Willdan can deliver energy retrofits
and projects such as HVAC, lighting, domestic hot water, and building
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.
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, Willdan’s ability to adequately complete projects in a
timely manner, Willdan’s ability to compete successfully in the highly
competitive energy efficiency services market, changes in state, local,
and regional economies and government budgets, Willdan’s ability to win
new contracts, to renew existing contracts (including with its three
primary customers and the two primary customers of recently acquired
Lime Energy) and to compete effectively for contract awards through
bidding processes and Willdan’s ability to successfully integrate its
acquisitions and execute on its growth strategy. Willdan’s business
could be affected by a number of other factors, including 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 28, 2018.
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: https://www.businesswire.com/news/home/20190517005069/en/
Source: Willdan Group, Inc.
Willdan Group, Inc.
Financial Profiles, Inc.
Tony Rossi, 310-622-8221