ANAHEIM, Calif.—(BUSINESS WIRE)—Willdan Group, Inc. (NASDAQ: WLDN) announced today that ComEd has selected Willdan to implement its expanded energy-efficient data centers offering. The one-year contract with three option years aims to deliver 174,000 MWh of energy savings over the next four years.
The ComEd® Energy Efficiency Program originally awarded Willdan the data centers offering on a pilot basis in 2011 and selected Willdan to implement the full offering in 2012. Since the offering’s inception, Willdan has delivered 111,000 MWh of savings over the same period.
“Over the past five years, Willdan has built trusted relationships with the data center community in the ComEd territory that have translated into the implementation of over 70 projects, with a high customer retention rate,” said Milos Stefanovic, ComEd Data Center program manager. “Together with Willdan, we will bring world-class, innovative energy-saving technologies and strategies to our data center customers.”
“We thank ComEd for once again entrusting this key offering to Willdan,” said Tom Brisbin, CEO of Willdan. “We’ve grown this offering from its pilot to its current scope, increasing our savings goals by four-fold while delivering excellent customer service and electric savings. We are excited to introduce a new, tiered incentive structure that we believe will drive further adoption and installation of emerging energy-saving technologies among ComEd’s data center customers.”
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, 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 December 30, 2016 and the Quarterly Report on Form 10-Q for the quarter ended September 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