ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) today announced that it has been selected by Puget Sound Energy (PSE) to implement its inaugural Lodging Direct Install (LDI) energy efficiency program, which serves PSE's lodging customers throughout the utility's 6,000-square mile service area. This is the first time the two-year program has been offered by PSE. The total value of the two-year contract is $2.8 million.
"Willdan works with hospitality owners, brands, and management groups across the country, and we understand how to support this unique vertical market," commented Tom Brisbin, President/CEO of Willdan. "This sector-specific experience - together with our deep understanding of new and innovative energy efficiency technologies - enables us to assist lodging customers in making strategic investment decisions related to their energy use."
The LDI program is projected to deliver 6.18 million kilowatt-hours in electric energy savings and 266,000 therms of natural gas energy savings to PSE lodging customers. The program approach features a broad array of personalized service offerings including direct installation of no-cost and low-cost lighting, HVAC, and refrigeration measures for small or limited-service hotels. For larger and full-service hotels, the program offers compensation towards comprehensive energy efficiency audits when circumstances warrant detailed measure identification and energy savings analysis. Willdan's commitment to actively engage trade allies to augment the installation services component of the LDI program can enable the program to effectively support PSE's lodging customers across a region that is both broad and diverse.
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.
Willdan Group, Inc.
Stacy McLaughlin, 714-940-6300
Chief Financial Officer
Financial Profiles, Inc.
Moira Conlon, 310-478-2700
Tony Rossi, 310-478-2700