22:55 | 02.09.2010
PowerSecure Stands Ready to Deploy Backup Power for Customers and Utilities as Hurricane Earl Approaches
PowerSecure International, Inc. (Nasdaq: POWR) today reported its Smart
Grid Monitoring team, and fleet of Interactive Distributed Generation®
(IDG®) standby power systems, are fully prepared to provide
backup power for customers and utilities as Hurricane Earl approaches
the East Coast.
PowerSecure’s IDG® Smart Grid Monitoring team has been in “storm mode”
throughout the week, and its fleet of standby power systems are standing
ready to ensure that customers received immediate backup power in the
event of an outage, and work with utilities to assist in the
identification of outage locations. PowerSecure has approximately 1,000
IDG® power systems deployed at customer locations to protect
against operational interruptions, spoilage, and maximize customers’
ability to remain open throughout the storm. Additionally, PowerSecure’s
Utility Services team is also prepared to assist East Coast utilities
with line crews and utility trucks to support their efforts to restore
any power losses as quickly as possible.
Sidney Hinton, CEO of PowerSecure, said, “This time of year our team
keeps a close watch on tropical conditions, and has been making
preparations all week to ensure our utility partners and customers are
protected during any power outages which may occur. Our team monitors
the IDG systems “24 by 7” throughout the storm, and maintains
communications with our utility partners whenever an outage occurs. Our
Utility Services crews are also standing by to assist utilities with any
power restoration needs.”
About PowerSecure
PowerSecure International, Inc. is a leading provider of Energy and
Smart Grid Solutions to electric utilities, and their commercial,
institutional, and industrial customers, as well as Energy Services to
the oil and natural gas industry. 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’s Energy Efficiency business provides
customers with energy efficient lighting technologies that deliver
improved quality of light, including its proprietary EfficientLights LED
lighting product that saves grocery, drug, and convenience stores 70%
off the cost to operate traditional fluorescent lighting in their
refrigerated cases. The Company is a pioneer in developing Interactive
Distributed Generation® 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 provides Energy Services to the oil and natural
gas industry through its Southern Flow and WaterSecure business units.
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 outlook for the
businesses discussed in this press release and the Company’s future
revenues, earnings, margins, and other financial and operating
information and data; the Company’s outlook, prospects and expectations
for revenues, net income, and E.P.S. results and growth generally, and
related to the events described herein; 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.
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