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8-K - FORM 8-K - POWERSECURE INTERNATIONAL, INC. | c15371e8vk.htm |
Exhibit 99.1
UNCLASSIFIED: Dist A Approved for public release
PowerSecure Delivers Smart Charging Micro-Grid to U.S. Army
Wake Forest, N.C. April 11, 2011 PowerSecure International, Inc. (Nasdaq: POWR) announced the
commissioning of a state-of-the-art Smart Charging Micro-Grid for the U.S. Army, in a recent
ceremony at Wheeler Army Airfield in Hawaii. The breakthrough technology was developed to help the
U.S. Army reduce fuel consumption and costs, and improve safety and power reliability at remote
U.S. Army locations. Additionally, it incorporates the use of renewable resources, including solar
and optional wind power, and enables electric vehicles to be charged by, and provide power to the
Micro-Grid system. The technology demonstrated in this system can be applied to power management
applications for military field locations.
The Smart Charging Micro-Grid provides energy autonomy for facilities in remote locations,
improving power availability and reliability. It is designed to enable reductions in the number
and sizes of generators required to power facilities, and to control a wide range of generator
types, providing significant battlefield flexibility. Additionally, it utilizes advanced energy
storage to maximize the use of renewable power resources. The system has the ability to prioritize
electrical load to individual receptacles, so the distribution of electricity can be optimized to
maximize reliability and optimize fuel efficiency. Importantly, it will improve troop safety
because of its ability to reduce fuel consumption and therefore reduce the number of convoys needed
to transport fuel.
Sidney Hinton, CEO of PowerSecure, said, We are excited to work with the U.S. Army to deliver this
first-of-a-kind technology. The Smart Charging Micro-Grid is designed to improve fuel efficiency,
power reliability, and utilize renewables with the ultimate goal of reducing cost and improving
battlefield safety. We have invested significant time and resources in its development, and look
forward to continuing to perfect and enhance the system through this first large scale installation
to battlefield ready status.
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. PowerSecures
Energy and Smart Grid Solutions businesses provide products and services in the areas of Energy
Efficiency, Interactive Distributed Generation, and Utility Infrastructure. The Companys 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 SecureLite and PowerLite street lights
for utilities and municipalities which are available through its EnergyLite business unit. 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. 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 or profit associated
with the new business and new products discussed in this press release; the Companys outlook,
prospects and expectations for revenues, net income, and E.P.S. results and growth generally; the
anticipated results of the Companys 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 Companys 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.
Contact
Chris Hutter
Chief Financial Officer
PowerSecure International, Inc.
(919) 453-1760
Chris Hutter
Chief Financial Officer
PowerSecure International, Inc.
(919) 453-1760
UNCLASSIFIED
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