Willdan Expands to Maryland with $7.8 Million Small Business Solutions – Direct Install Program
ANAHEIM, Calif.–(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.
Contacts
Willdan Group, Inc.
Stacy McLaughlin
Chief Financial
Officer
714-940-6300
[email protected]
or
Investor/Media
Contact
Financial Profiles, Inc.
Tony Rossi, 310-622-8221
[email protected]