PowerSecure announces $15 million of new business awards

Thursday, Dec 20, 2012

PowerSecure International, Inc. (Nasdaq: POWR) today announced it has received $15 million of new business for distributed generation systems, utility infrastructure projects, energy efficiency lighting products and solar project installations.

“Building on the record backlog we reported in our third quarter earnings announcement last month, these new awards add to the confidence we have in carrying our strong business momentum through 2013”

“We are very pleased with the pace of our order flow and are thrilled to announce these new business wins,” said Sidney Hinton, chief executive officer of PowerSecure.

“Building on the record backlog we reported in our third quarter earnings announcement last month, these new awards add to the confidence we have in carrying our strong business momentum through 2013,” Hinton added.

The new distributed generation awards include $1.8 million of traditional turn-key PowerSecure distributed generation projects, $1.9 million of turn-key solar energy projects and $1 million of recurring revenue projects.

Hospitals, manufacturers, grocery stores, military bases and other critical industries continue to choose PowerSecure’s industry-leading solutions to deliver reliable back-up power and cost-effective energy savings.

The utility infrastructure awards total $9.1 million and include transmission and distribution projects to upgrade utility systems, and substation projects.

The energy efficiency lighting awards total $1.6 million and include orders for LED lighting for retail stores.

Source: Business Wire