ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) announced today
that it has signed a new contract with a major Southern California
utility to help reduce energy usage in small and medium non-residential
facilities. The program has an initial budget of $7.5 million through
June 2016 and will focus on bringing energy-saving measures to small and
medium non-residential facilities with a monthly average demand of less
than 200 kilowatts.
Willdan's Chief Executive Officer, Tom Brisbin, commented, "This win
further expands our presence into the Southern California utility
market, an area of historic strength for Willdan. In the first half of
the year we have seen strong ordering activity from both our energy and
engineering clients, and see a robust pipeline of new proposal activity."
"The new Southern California utility program offers an opportunity for
select small and medium non-residential customers to both understand and
quickly improve their energy efficiency, and receive utility
incentives," said Tom Kouris of Willdan. "This market sub-segment
historically represents a significant, energy-intensive sector. By
reducing their energy consumption and utility grid peak demand, business
owners will enjoy lower operating costs."
Willdan currently supports electric utility programs nationwide that
provide technical assistance and financial incentives for reducing
energy usage in many types of facilities, including public and
commercial buildings, healthcare facilities, laboratories, hotels, data
centers, restaurants and resorts.
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/20150713006256/en/
Willdan Contact
Stacy McLaughlin
Chief Financial Officer
Tel:
714-940-6300
or
Financial Profiles, Inc.
Moira Conlon
Tel:
310-478-2700
mconlon@finprofiles.com
Source: Willdan Group, Inc.
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