PowerSecure International, Inc. (Nasdaq: POWR) today reported its Interactive Distributed Generation(R) (IDG(R)) standby power systems operated to support utilities and their commercial and industrial customers during over 130 power outage events caused by Hurricane Irene. PowerSecure's IDG monitoring team has been in "storm mode" for over a week, continuously monitoring customer's East Coast facilities "24 x 7" to protect their operations from costly interruptions and spoilage. PowerSecure's IDG systems supported, and continue to support, a wide range of critical facilities, including hospitals, industrial sites, military installations, commercial locations, and schools - some of which were utilized as public shelters during the hurricane.
PowerSecure also reported that its Utility Services team has deployed crews to hurricane-ravaged areas along the East Coast to assist utilities with power restoration efforts. PowerSecure's team is supporting utilities' efforts to restore power as quickly as possible - and continues to actively deploy resources to assist utilities with their most critical needs. Given the widespread damage, it is anticipated PowerSecure's crews could be deployed for these emergency services well into next week.
Sidney Hinton, CEO of PowerSecure, said, "Our IDG and Utility Services teams have been and continue to be in full storm mode supporting utilities and their commercial and industrial customers before, during, and after Hurricane Irene. We are blessed to be able to serve in these times of need, and our thoughts and prayers go out to those impacted by the devastating storms and for the safety of emergency teams assisting in the aftermath. Throughout the hurricane season, we will continue to closely monitor any developing storms, ensuring that our IDG systems are standing by to protect our customers' facilities in the event of a power loss, and deploying our Utility Services teams to assist utilities with power restoration efforts as quickly and safely as possible."
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 is a pioneer in developing Interactive Distributed Generation(R) 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. 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. 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 activities and events 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.
SOURCE: PowerSecure International, Inc.
PowerSecure International, Inc.Chris Hutter, Chief Financial Officer