Willdan Expands to Maryland with $7.8 Million Small Business Solutions - Direct Install Program
December 20 2017 - 7:00AM
Business Wire
Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has
been awarded a three-year, $7.8 million Small Business Solutions –
Direct Install Program from Potomac Edison. The three-year contract
is expected to deliver 24,000 megawatt-hours (MWh) of electric
savings.
“Maryland’s EmPOWER legislation establishes an energy savings
framework for all energy providers and consumers in the state,
including savings goals, the required planning process, and
stakeholder incentives,” said Tom Brisbin, Willdan CEO. “We will
bring our experience running very similar programs throughout
California, New York, and Washington to the Maryland market. We
appreciate the opportunity to work with FirstEnergy and Potomac
Edison on this program.”
This is Willdan’s first program with Potomac Edison, a
FirstEnergy utility company. Through this direct install program,
Willdan will offer energy audits and turnkey services to small
business customers (up to 60 kW demand), installing energy-saving
measures for lighting, refrigeration, HVAC, and other mechanical
systems. Financial incentives will be available for the
implementation of additional efficiency measures.
About Potomac Edison
Potomac Edison is a subsidiary of FirstEnergy Corp. (NYSE: FE)
and serves about 257,000 customers in seven Maryland counties and
137,000 customers in the Eastern Panhandle of West Virginia. Follow
Potomac Edison on Twitter @PotomacEdison.
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 December 30, 2016 and the Quarterly Report
on Form 10-Q for the quarter ended September 29, 2017. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171220005184/en/
Willdan Group, Inc.Stacy McLaughlinChief Financial
Officer714-940-6300smclaughlin@willdan.comorInvestor/Media
ContactFinancial Profiles, Inc.Tony Rossi,
310-622-8221trossi@finprofiles.com
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