Expands Services under Con Edison Small Business Direct Install
Energy Efficiency Program to Manhattan, Staten Island and Westchester
County
ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. ("Willdan")(NASDAQ: WLDN) today announced
that its wholly owned subsidiary Willdan Energy Solutions has been
awarded a $22.3 million contract modification from Con Edison that
expands an existing Small Business Direct Install (SBDI) contract to a
total value of $61.3 million. Under the modification, Willdan Energy
Solutions is expanding its current SBDI services to include Con Edison
small business customers in Manhattan, Staten Island and Westchester
County, N.Y.
Work under the current Con Edison SBDI program began in the third
quarter of 2012, with Willdan Energy Solutions providing services
initially in the Bronx, Brooklyn, and Queens. Willdan Energy Solutions
is now responsible for the entire Con Edison SBDI service territory,
providing outreach to small businesses, completing on-site energy
efficiency surveys, implementing energy-saving projects, and partnering
with the community and local businesses. Willdan Energy Solutions
performed the previous SBDI contract with Con Edison from 2009-2012.
"We believe this revised contract shows Con Edison's confidence in
Willdan Energy Solutions' proven ability to achieve their small business
energy reduction goals," said Willdan Energy Solutions President and CEO
Thomas Kouris. "Our success in performing quality services for Con
Edison has been a collective team effort involving more than 100 staff
members focused on customer service and energy savings."
The SBDI program is one of numerous Con Edison energy efficiency
programs designed by Con Edison to help the State of New York reach its
energy and greenhouse gas emission reduction goals. It offers small
business customers free energy surveys and pays up to 70 percent of the
installed cost for most energy-saving measures. Since 2009, more than
25,000 Con Edison small business customers have received energy
efficient product installations through Willdan Energy Solutions'
contracts, resulting in more than 319 million kWh in savings. According
to the U.S. Environmental Protection Agency's Greenhouse Gas Equivalency
Calculator, that's the equivalent of keeping the annual carbon dioxide
emissions from the electrical use of 30,000 homes out of the air.
About Willdan Energy Solutions
Willdan develops and implements comprehensive energy solutions
nationwide for utilities, commercial entities, and all levels of
government. We help our clients realize cost and energy savings by
tailoring solutions that serve vertical markets such as data centers,
healthcare, lodging, and schools; providing energy reduction plans for
large end-user commercial facilities and multi-family residences; and
developing and implementing cutting-edge, cost-effective measures for
small businesses. Our highly experienced staff works as independent
representatives for our clients to deliver the following services:
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Expert analysis of energy consumption
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Identification and implementation of financial strategies, including
review of incentives/rebates/grants, tax incentives, low-interest
funding sources, and performance contracting alternatives
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Tailored engineering approaches that help customers achieve their
energy goals including site surveys, building system
upgrades/recommendations, master planning, and incorporation of
renewables
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Direct installation and oversight of implementation that ensure proper
application of recommended measures
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Measurement and verification to track and demonstrate long term
results of energy solutions
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Project and program management by highly experienced and credentialed
technical staff from conceptual design all the way through full
project implementation
About Willdan Group, Inc.
Celebrating its 50th year of business, Willdan provides outsourced
professional technical and consulting services to public agencies,
public and private utilities, and commercial and industrial firms
throughout the United States. Willdan benefits from well-established
relationships, industry-leading expertise and a solid reputation for
delivering projects on time and on budget. The company's service
offerings span a broad set of complementary disciplines that include
engineering and planning, energy efficiency and sustainability,
financial and economic consulting, and national
preparedness. Willdan has crafted this set of integrated services so
that, in the face of an evolving environment—whether economic, natural,
or built—Willdan can continue to provide services that are innovative,
comprehensive, and trusted. 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 improve
its profitability in 2014. 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 December 27, 2013. 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.
Willdan Group, Inc.
Stacy McLaughlin
Chief Financial
Officer
Tel: 714-940-6300
smclaughlin@willdan.com
or
Investor/Media
Contact
Moira Conlon
Financial Profiles, Inc.
Tel:
310-478-2700 x220
mconlon@finprofiles.com
Source: Willdan Group, Inc.
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