Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

POWSECURE INTL : PowerSecure Announces $15 Million of New Business Awards Across Energy and Smart Grid Solutions Business Lines

04/27/2011 | 08:35am EDT

PowerSecure International, Inc. (Nasdaq: POWR) today announced it has received $15 million of new awards for products and services across its Energy and Smart Grid Solutions business lines. The new business includes orders for approximately $8 million of Interactive Distributed Generation® (IDG®) smart grid power systems, $5 million of Utility Infrastructure projects, and $2 million of LED lighting products.

The new awards were issued by a broad range of utilities and commercial and industrial customers. The largest of the awards includes an Interactive Distributed Generation system to support a municipality, the installation of a new substation on behalf of a second municipality, and the installation of the Company's new EfficientLights LED shelf lighting product for a major U.S. grocer's open-style refrigerated cases. Virtually all of this $15 million of new business is turn-key project-based revenue, which the Company expects to recognize primarily during the second through fourth quarters of 2011.

Sidney Hinton, CEO of PowerSecure, said, "We are pleased to announce these new business awards to serve utilities and customers across our business lines. Highlights include a major retailer who is embarking on its first installation of our new EfficientLights LED-based shelf lighting, and a new substation for a municipality. We are committed to delivering gold standard products to all of the utilities and customers we are serving with these new installations, and we look forward to serving them with excellence."

About PowerSecure

PowerSecure International, Inc. is a leading provider of Energy and Smart Grid Solutions to electric utilities, and their commercial, institutional, and industrial customers. PowerSecure's Energy and Smart Grid Solutions businesses provide products and services in the areas of Energy Efficiency, Interactive Distributed Generation, and Utility Infrastructure. The Company's Energy Efficiency business provides customers with energy efficient lighting technologies that deliver improved quality of light, including its proprietary EfficientLights LED lighting products for grocery, drug, and convenience stores, and its SecureLiteTM and PowerLiteTM street lights for utilities and municipalities which are available through its EnergyLite business unit. The Company is a pioneer in developing Interactive Distributed Generation® systems with sophisticated, proactive smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes, and 3) provide customers with the most dependable standby power in the industry. PowerSecure also provides utilities with transmission and distribution infrastructure construction and maintenance services, and engineering and regulatory consulting services. Additional information is available at www.powersecure.com.

All forward-looking statements contained in this release are made within the meaning of and pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to statements concerning the amount and timing of the revenues associated with the new business discussed in this press release; the Company's outlook, prospects and expectations for revenues, net income, and E.P.S. results and growth generally; the anticipated results of the Company's products, services, and technologies; and all other statements concerning the plans, intentions, expectations, projections, hopes, beliefs, objectives, goals and strategies of management, including statements about other future financial and non-financial items, performance or events and about present and future products, services, technologies and businesses; and statements of assumptions underlying the foregoing. Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, those risks, uncertainties and other factors identified from time to time in the Company's most recent Annual Report on Form 10-K, as well as in subsequent filings with the Securities and Exchange Commission, including reports on Forms 10-Q and 8-K. Accordingly, there can be no assurance that the results expressed, projected or implied by any forward-looking statements will be achieved, and readers are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements in this press release speak only as of the date hereof and are based on the current plans, goals, objectives, strategies, intentions, expectations and assumptions of, and the information currently available to, management. The Company assumes no duty or obligation to update or revise any forward-looking statements for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise.

PowerSecure International, Inc.
Chris Hutter, 919-453-1760
Chief Financial Officer

ę Business Wire 2011
2016SOUTHERN COMPANY : completes acquisition of PowerSecure International, Inc.
2016POWERSECURE : Stockholders Vote to Approve Merger with Southern Company
2016POWERSECURE : announce the termination of the Hart-Scott-Rodino waiting period (..
2016POWERSECURE : The Law Offices of Vincent Wong Launches an Investigation of the B..
2016POWERSECURE : Levi & Korsinsky, LLP Notifies Shareholders of PowerSecure Interna..
2016POWERSECURE : Brodsky & Smith, LLC Announces Investigation of The Board of Direc..
2016POWERSECURE : Levi & Korsinsky, LLP Notifies Shareholders of PowerSecure Interna..
2016POWERSECURE : Levi & Korsinsky, LLP Notifies Shareholders of PowerSecure Interna..
2016POWERSECURE : Harwood Feffer LLP : Announces Investigation of PowerSecure Intern..
2016POWERSECURE : Rigrodsky & Long, P.A. Announces Investigation Of Buyout
More news
Managers and Directors
Sidney Hinton President, Chief Executive Officer & Director
Eric Dupont CFO, Secretary, Treasurer & Executive VP
Christopher T. Hutter COO & Executive VP & Assistant Secretary
Kevin P. Collins Independent Director
Alan Dale Jenkins Independent Director
Sector and Competitors