Willdan Awarded Direct Install Services Contract for the New Jersey Clean Energy Program™
September 23 2016 - 8:00AM
Business Wire
Willdan Group, Inc. (NASDAQ: WLDN) today announced that it has
been awarded a Direct Install Program (the Program) contract as
part of New Jersey’s Clean Energy Program™ (NJCEP). The contract
term is for two years, with optional extensions. The Company
expects that the contract will contribute approximately $5 million
per year in revenue over the contract duration.
Willdan was chosen as the preferred Direct Install (DI)
Contractor to implement the Program’s services in both Essex and
Union counties. Willdan will provide complete program services
including marketing, customer enrollment/application, on-site
energy assessment, and the installation of energy efficiency
technologies. The Program, which specifically targets existing
small to medium-sized facilities, is intended to help New Jersey’s
commercial, industrial, and municipal energy users reduce their
facility energy costs by replacing outdated boilers, furnaces, and
water heaters, lighting, lighting controls, refrigeration, HVAC
package and split units, and water conservation and HVAC
controls.
A leading provider of DI services, Willdan has delivered
successful DI programs nationwide. “We thank the New Jersey Board
of Public Utilities (BPU) and NJCEP staff for selecting Willdan to
be part of this ambitious program, and consider it an affirmation
of our decision to expand our presence in New Jersey,” stated
Willdan CEO Tom Brisbin. “Willdan has a broad array of service
offerings, and a deep understanding of new and innovative
technologies,” he continued. “We look forward to supporting New
Jersey in reaching its energy savings goals as well as assisting
the State’s energy customers in making strategic investment
decisions related to their energy use.”
The Direct Install Program is one of the energy efficiency
programs offered by NJCEP to help New Jersey residents, business
owners and local governments save energy, money and the
environment. The program offers free energy assessments to
qualifying businesses and pays up to 70 percent of the retrofit
cost for energy-saving measures.
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 January 1, 2016. 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/20160923005109/en/
Willdan Group, Inc.Stacy McLaughlin, 714-940-6300Chief
Financial Officersmclaughlin@willdan.comorInvestor/Media
ContactFinancial Profiles, Inc.Tony Rossi,
310-622-8221trossi@finprofiles.com
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