ANAHEIM, Calif.--(BUSINESS WIRE)--Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today announced that it has been awarded two time-and-materials type contracts by the City of Elk Grove. Under the new contracts, Willdan will provide the city an expanded suite of engineering and public works services designed to foster a greener, safer, more efficient community. The contracts have a combined ceiling of $73 million over the three base years and two option years. The first award is for non-federal/state-funded public works services, and has a $14 million annual expenditure ceiling over each of the five years. The second award is a $3.15 million contract for federal/state-funded project management services.
“We want to thank the Elk Grove City Council and staff for their continued support,” remarked Tom Brisbin, Willdan’s CEO. “We were selected 5-0 by the City Council for another five years. The City of Elk Grove has taken a commercial approach to providing public service that is a model for California and the rest of the country. This outsourcing model seeks to optimize efficiency, enhance customer service, and minimize cost to their residents. We hope to provide more of Willdan’s services to other progressive cities, assisting them with their aspirations to become “Smart Cities” of the future.”
The City of Elk Grove is located just south of Sacramento, has 161,000 residents, and in 2005 was the fastest growing city in the U.S. The contracts encompass three major areas—public works city engineering, capital improvement program management, and infrastructure operations. Over the last five years, Willdan has completed a number of notable projects in Elk Grove including the award-winning Rain Garden, which recycles stormwater in an innovative and educational way, and the conversion to LED street lighting, which saves residents $400,000 per year.
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 2, 2015. 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: email@example.com