ANAHEIM, Calif.—(BUSINESS WIRE)—Willdan Group, Inc. (NASDAQ: WLDN) announced today that two Colorado school districts – Lamar School District RE-2 and Burlington School District RE-6J – have selected Willdan to provide design-build projects with anticipated budgets of $8.3 million and $8.9 million, respectively. The projects are designed specifically to improve energy efficiency, upgrade aging infrastructure, and modernize the educational facilities.
Willdan will be fully responsible for the delivery of the projects, including design, construction management, and post-project support services. Willdan will provide heating, ventilation, and air conditioning (HVAC) and electrical renovations across three K-12 schools in Burlington, CO. These renovations include the installation of electrical circuits and outlets in classrooms that will enable the use of educational media and emerging curriculum to better position the district technologically for the long-term.
At Lamar High School and the Partners for Hope Center, Willdan will redesign and replace the HVAC systems and controls with high efficiency equipment and digital controls capable of enrolling in automated demand response. In addition to the major infrastructure and energy efficiency measures, improvements will also expand the facilities’ responses to safety and security, including upgrading fire safety equipment, a districtwide security monitoring platform, and a new emergency power supply system.
Design is anticipated to be completed by early 2019 with construction for both contracts expected to be substantially complete by August 2019 for the beginning of the 2019-20 school year.
About Burlington School District RE-6J
Burlington School District prides themselves on a strong faculty who cares about its students and its school and community culture. 100% of the district’s teachers are Highly Qualified under the requirements for the No Child Left Behind Act of 2001. For more information about Burlington School District RE-6J, visit their website.
About Lamar School District RE-2
Established in 1887, Lamar School District RE-2 now consists of over 200 employees and 100 teachers, serving more than 1,500 students. The district has five K-12 school buildings. The district’s mission is to provide, within a safe environment, meaningful opportunities, experiences, and guidance, combined with high expectations that will enable each life-long learner to be a moral, ethical, responsible, and productive member of society. For more information about the Lamar School District RE-2, visit their website.
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.
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, Willdan’s ability to adequately complete projects in a timely manner, Willdan’s ability to compete successfully in the highly competitive energy efficiency services market, changes in state, local, and regional economies and government budgets, Willdan’s ability to win new contracts, to renew existing contracts (including with its two primary customers) and to compete effectively for contract awards through bidding processes and Willdan’s ability to successfully integrate its acquisitions and execute on its growth strategy. Willdan’s business could be affected by a number of other factors, including the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 29, 2017. 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.
Willdan Group, Inc.
Chief Financial Officer
Financial Profiles, Inc.
Tony Rossi, 310-622-8221