WAKE FOREST, N.C., Aug. 18, 2015 /PRNewswire/ -- PowerSecure
(NYSE: POWR) announced today that members of its executive
leadership team, board of directors and guests will celebrate the
company's 15th anniversary by participating in The
Opening Bell® ceremony at the New York Stock
Exchange (NYSE) on Wednesday, August 19,
2015.
"In 15 years, PowerSecure has grown from a powerful idea into
dynamic company with more than 900 phenomenal employees managing
more than 1 GW of power and serving utilities, data centers,
hospitals, commercial, industrial and municipal customers with
innovative solutions that deliver exceptional value," said
Sidney Hinton, chief executive
officer of PowerSecure.
"With our recently reported record revenues and record backlog,
we are excited about the future for PowerSecure and honored to mark
this milestone by ringing The Opening Bell at the New York Stock
Exchange," Hinton added
About PowerSecure
PowerSecure International, Inc. is a leading provider of utility
and energy technologies to electric utilities, and their
industrial, institutional and commercial customers.
PowerSecure provides products and services in the areas of
Interactive Distributed Generation ® (IDG®),
energy efficiency, utility infrastructure and solar
energy.
The company is a pioneer in developing IDG® power
systems with sophisticated 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. Its proprietary distributed
generation system designs utilize a range of technologies to
deliver power, including renewables.
The company's energy efficiency products and services include
energy efficient lighting solutions that utilize LED technologies
to improve lighting quality, and the design, installation and
maintenance of energy conservation measures which we offer,
primarily as a subcontractor, to large energy service company
providers, called ESCOs, for the benefit of commercial, industrial
and institutional customers as end users.
PowerSecure also provides electric utilities with transmission
and distribution infrastructure maintenance and construction
services, and engineering and regulatory consulting services.
Additional information is available at www.powersecure.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of and made 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 outlook for the company's growth and profitability
and its future revenues, earnings, margins, cash resources and cash
flow and other financial and operating information and data; the
company's future business operations, strategies and prospects; the
impact and prospects of acquisitions; strategic alliances and
relationships and new business awards and projects; 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 are difficult
to predict and 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, the on-going uncertainty and
inconsistency in the economy, financial markets and business
markets and the effects thereof on the company's markets and
customers, the demand for its products and services, and the
company's access to capital; the size, timing and terms of sales
and orders, including the company's revenue backlog discussed in
this press release, and the risk of customers delaying, deferring
or canceling purchase orders or making smaller purchases than
expected; the potential adverse financial and reputational
consequences that can result from safety risks and hazards such as
accidents inherent in the company's operations; the company's
ability to execute on its business orders, awards and projects
efficiently and with operational excellence, such as the large
solar projects, in order to generate customer satisfaction, company
profitability and future new business; the impact of the company's
acquisitions; the company's ability to reduce and control its costs
and expenses and enhance its operating income; the company's
ability to grow its business and revenues on a profitable basis and
enhance its gross margin and operating margin; the company's
product mix, especially with respect to the proportion of its
growing solar energy business with the lowest gross margin of its
business units; the impact of the company's restructuring actions
on its LED lighting operations; the timely and successful
development, production and market acceptance of new and enhanced
products, services and technologies of the company; the ability of
the company to obtain adequate supplies of key components and
materials of sufficient reliability and quality for its products
and technologies on a timely and cost-effective basis and the
effects of related warranty claims and disputes; the ability of the
company to successfully expand its core distributed generation
products and services, to successfully develop and achieve market
acceptance of its new energy-related businesses, to successfully
expand its recurring revenue projects, to manage its growth and to
address the effects of any future changes in utility tariff
structures and environmental requirements on its business
solutions; the effects of competition; changes in customer and
industry demand and preferences; the ability of the company to
continue the growth and diversification of its customer base; the
ability of the company to attract, retain, and motivate its
executives and key personnel; changes in the energy industry in
general and the electricity, oil, and natural gas markets in
particular, including price levels; the effects of competition; the
ability of the company to secure and maintain key contracts and
relationships; the effects of pending and future litigation, claims
and disputes including the securities class action; and other
risks, uncertainties and other factors identified from time to time
in its reports filed with or furnished to the Securities and
Exchange Commission, including the company's most recent Annual
Report on Form 10-K, as well as subsequently filed reports on Form
10-Q and Form 8-K, copies of which may be obtained by visiting the
investor relations page of the company's website at
www.powersecure.com or the SEC's website at www.sec.gov.
Accordingly, there is 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.
Contact:
John Bluth
PowerSecure International, Inc.
(919) 453-2103
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SOURCE PowerSecure International, Inc.
