ESCO Energy Services ("ESCO") a wholly-owned subsidiary of
ForceField Energy Inc. ("ForceField" or the "Company")
(Nasdaq:FNRG), a seller and distributor of energy products and
solutions, today announced that its ESCO Energy Services (ESCO)
subsidiary will be expanding its relationship with Constellation, a
subsidiary of Exelon Corporation (NYSE:EXC), the nation's leading
competitive energy provider, in marketing Constellation's
Efficiency Made EasySM ( "EME") campaign, an innovative program
designed to assist clients in implementing energy efficiency
projects without up-front capital outlay. As one of Constellation's
longest serving and most accomplished Channel Partners, ESCO has
provided comprehensive turn-key energy efficiency services
encompassing 25 projects totaling over $5 million and providing
over 9,000,000 kilowatt hours in annual energy savings. Projects
have been successfully completed across a diverse portfolio of
facilities including commercial and industrial buildings, hospitals
and universities.
Constellation's Efficiency Made Easy enables Constellation
customers to implement energy efficiency upgrades at their
facilities without up-front capital expenditures. The cost of
energy efficiency measures is included in the price per
kilowatt-hour over the term of the electricity supply agreement. In
most cases, customers realize an immediate savings on energy costs
from reduced energy use. Companies that offer lighting, automation
controls, HVAC systems, water conservation, and other efficiency
technologies, are teaming with Constellation to give their
customers the flexibility to implement energy conservation measures
through Efficiency Made Easy. Each EME project is tailored to the
customer's needs of energy conservation and reduced consumption
through numerous initiatives.
As a result of the success of the Constellation Channel Partner
agreement and other corporate initiatives to date, ESCO has
expanded its business development and logistical capabilities in
new geographical regions, including the Southwest and West Coast.
States such as California and Texas, with strong utility supported
energy efficiency incentive programs, further enhance the energy
efficiency paradigm. Further synergies and expanded business
opportunities are provided by ESCO's California based affiliate,
American Lighting & Distribution, that has a strong
reputation for providing the highest quality LED lighting products
and solutions across diverse customer and facility types on the
West Coast.
Mitchell Barack, President of ESCO stated, "We are excited to
expand our relationship and commitment to Constellation's EME
offering within competitive energy markets nationally. This
vehicle provides companies, organizations and real estate owners
and managers with the ability to pursue sustainability goals,
achieve energy savings and eliminate out of regulatory compliant
equipment without up-front or budgeted capital or the requirement
to commit to a lease or loan. Constellation's products and services
and innovative approach to the market complement our current
program offerings while opening up new opportunities for energy
efficiency projects nationally."
"Constellation's EME program is designed to help customers
reduce energy costs and operate in a more environmentally
responsible way, while making energy conservation projects
financially feasible and easier to deploy," said Evan Steiner,
director of energy solutions, for Constellation. "Together with
long-standing channel partners like ESCO, we provide customers with
innovative and effective energy management solutions tailored to
their individual goals."
Neil Miller, CEO of American Lighting & Distribution, "We
look forward to rolling out the Constellation offering for projects
on the West Coast. With California's high cost of
electricity, customers are looking for ways to save money on their
energy bills and this offering will enable them to launch lighting
projects without paying any out of pocket cost."
Through electric and gas deregulation in selective states,
commercial energy consumers are able to leverage their utility
purchases whereby energy efficiency upgrades can be completed
without upfront capital. The energy savings derived from the
latest generation of fixtures and equipment more than offsets the
amortized cost included in the electricity rate. Once the
contract is fulfilled, the client owns the equipment and is free to
negotiate new unencumbered utility contracts. Recent
changes in regulations provide the opportunity in certain
situations to take advantage of the EME program even where only gas
deregulation exists in a state.
For further information on the Efficiency Made Easy Program and
how it can assist you to achieve your firm's energy efficiency
goals, please contact Constellation at 1-866-237-7693 or
EfficiencyMadeEasy@constellation.com.
About Constellation
Constellation is a leading competitive retail supplier of power,
natural gas and energy products and services for homes and
businesses across the continental United States. Constellation's
family of retail businesses serves more than 2.5 million
residential, public sector and business customers, including more
than two-thirds of the Fortune 100. Baltimore-based Constellation
is a subsidiary of Exelon Corporation (NYSE:EXC), the nation's
leading competitive energy provider, with 2014 revenues of
approximately $27.4 billion, and more than 32,500 megawatts of
owned capacity comprising one of the nation's cleanest and
lowest-cost power generation fleets. Learn more at
www.constellation.com.
ESCO Energy Services Company
ESCO Energy Services Company, Inc. is one
of the longest-standing lighting retrofit companies in
New England. As an industry pioneer, ESCO has an unparalleled track
record of successfully completing state-of-the-art lighting
conversions for federal, state, and municipal
clients throughout the region and across North
America. On a national level, ESCO is viewed as a company at
the forefront of designing and delivering innovative LED street
lighting and next-generation street light control solutions.
Go to www.goesco.com or www.lightingretrofit.com.
About ForceField Energy Inc.
ForceField Energy Inc. and its subsidiaries comprise a global
company whose products and solutions focus on sustainable energy
solutions and improved energy efficiency. ForceField is a
distributor of LED and other lighting products for a number of
premier LED lighting manufacturers; and through its award-winning
subsidiaries, American Lighting and ESCO, have completed lighting
installations and retrofits as well as energy efficiency upgrades,
for numerous high profile concerns in a variety of industries.
ForceField is also a licensee of modular, heat recovery systems
that convert waste heat into clean electricity.
www.forcefieldenergy.com
Forward-Looking Statements
Except for statements of historical fact, the matters discussed
in this press release are forward looking. "Forward-looking
statements" describe future expectations, plans, results, or
strategies and are generally preceded by words such as "future,"
"anticipates" or "anticipated," "believes," "estimated" or
"estimates," "plan" or "planned," "expects" or "projected." These
forward-looking statements reflect numerous assumptions and involve
a variety of risks and uncertainties, many of which are beyond
ForceField's control that may cause actual results to differ
materially from stated expectations. Some of the factors that could
cause actual results to differ materially from the forward-looking
statements contained herein include (i) failure to obtain adequate
financing to achieve the Company's LED revenue targets and to
support working capital needs; (ii) successful installation and
efficacy of the Company's LED lighting products; (iii) expansion of
the Company's product offerings and services to additional states
across the U.S., (iv) generating additional revenue from the
Company's expected national expansion program, (v) competition
within the LED industry both domestically and internationally, (vi)
efficacy of ESCO's streetlight product offering, (vii) generating
additional revenue as a result of the expansion of Channel
Partner agreement with Constellation (viii) and other factors,
without limitation, which are set forth in documents we file from
time to time with the Securities and Exchange Commission, which are
available at www.sec.gov. For a written description of these
factors, see the section titled "Risk Factors" in the Company's
Form 10-K for the fiscal year ended December 31, 2013 and any
updating information in subsequent SEC filings. The Company
disclaims any intention or obligation to update these
forward-looking statements whether as a result of subsequent events
or otherwise, except as required by law.
CONTACT: ForceField Energy Inc. www.forcefieldenergy.com
Richard ST Julien (212) 672-1786
ForceField Energy (CE) (USOTC:FNRG)
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