Servidyne to Provide Energy Efficiency and Demand Response Services for City of San Antonio
09 Maio 2011 - 10:59AM
Business Wire
SERVIDYNE, INC. (Nasdaq: SERV), an energy efficiency and
demand response company, announced today that it is has been
awarded contracts to provide energy efficiency and demand response
services for commercial and institutional buildings in the City of
San Antonio, Texas. The initial two contracts, valued in excess of
$560,000, call for the Company to provide retro-commissioning and
energy audit services for these facilities over the next two years.
Servidyne also will perform demand response audits as part of a
package of services it will provide for each building,
strengthening the Company’s position as one of the leading demand
response service providers in San Antonio.
The contracts were awarded by the City of San Antonio as part of
the City’s Better Buildings Program, utilizing a $10 million
federal grant secured by the City. The Better Buildings Program is
designed to help small and large scale businesses in San Antonio
identify and implement energy efficiency and capital investment
efficiency measures. The City expects the program to lead to
increased knowledge and awareness, lower energy costs, reduced
demand for electricity and decreased greenhouse gas emissions, and
to demonstrate a model that can be replicated across the country.
Servidyne was selected and awarded the contracts by the City at the
conclusion of a widely contested qualifications-based evaluation
process.
The award of these contracts is the latest in a series of recent
achievements for Servidyne in San Antonio. In the last two years
alone, Servidyne has performed more than 30 detailed demand
response audits there, enabling commercial, institutional and
industrial end-users to successfully take advantage of demand
response incentives offered by the local utility.
“We are excited to announce these new contracts,” noted Jim
Josephson, Servidyne’s Vice President of Sales of Fifth Fuel
Management®. “We believe that the City of San Antonio’s systematic
bundling of demand response audits with energy audits and
retro-commissioning services for commercial and industrial
buildings is truly ground-breaking among major American cities.
Fortunately the City has recognized Servidyne’s unparalleled
technical skills in each of these areas. We all look forward to
serving the fine people in the San Antonio area.”
Fifth Fuel Management, Servidyne’s technology-enabled demand
response and energy efficiency system, creates immediate and
ongoing value for utility companies by reducing excess demand on
the electric grid and decreasing their need to build new electric
generating plants. Fifth Fuel Management allows building owners and
operators to participate in utilities’ demand response programs and
to implement energy efficiency measures that improve their bottom
line.
About the City of San Antonio
Deep in the heart of Texas, the City of San Antonio boasts a
population of 1.3 million people. San Antonio, the seventh largest
city in the country, is known for its deeply-rooted cultural
traditions. For more information, go to www.sanantonio.gov.
About Servidyne
Established in 1925, Servidyne, Inc. is headquartered in
Atlanta, Georgia, and operates globally through its wholly–owned
subsidiaries. The Company provides comprehensive energy efficiency
and demand response solutions, sustainability programs, and other
products and services that significantly enhance the operating and
financial performance of existing buildings. Servidyne enables its
customers to cut energy consumption and realize immediate cost
savings across their portfolios, while reducing greenhouse gas
emissions and improving the comfort and satisfaction of their
buildings' occupants. The Company serves a broad range of markets
in the United States and internationally, including owners and
operators of corporate, commercial office, hospitality, gaming,
retail, light industrial, distribution, healthcare, government,
multi-family and education facilities, as well as energy services
companies and public and investor-owned utilities. For more
information, please visit www.servidyne.com or call
770-953-0304.
Safe Harbor Statement
Certain statements contained or incorporated by reference in
this press release, including without limitation, statements
containing the words “believe,” “anticipate,” “estimate,” “expect,”
“plan,” “project,” “forecast,” “should,” and words of similar
import, are forward-looking statements within the meaning of the
federal securities laws. Forward-looking statements in this release
include statements regarding the following matters: the Company’s
expectations regarding the revenue value of the contracts; the
Company’s timing estimates for completing its work under the
contracts; the Company’s understanding that it is one of the
leading demand response service providers in San Antonio, and the
Company’s belief that the contracts strengthen that status; the
Company’s understanding that the City expects that the Better
Buildings Program will lead to increased knowledge and awareness,
lower energy costs, reduced demand for electricity, and decreased
greenhouse gas emissions, and will demonstrate a model that can be
replicated across the country; the Company’s understanding that it
was selected and awarded the contracts at the conclusion of a
widely contested qualifications-based evaluation process; the
Company’s belief that the award of the contracts is the latest in a
series of recent Company achievements in San Antonio; the Company’s
belief that the City’s systematic bundling of demand response
audits with energy audits and retro-commissioning services for
commercial and industrial buildings is truly ground-breaking among
major American cities; the Company’s belief that the City
recognized the Company’s unparalleled technical skills in
performing demand response audits, energy audits, and
retro-commissioning services for commercial and industrial
buildings; and the Company’s belief that its Fifth Fuel Management
system creates immediate and ongoing value for utility companies,
and allows building owners and operators to participate in
utilities’ demand response programs and to implement energy
efficiency measures that improve their bottom line. Forward-looking
statements involve known and unknown risks, uncertainties and other
matters which may cause the actual results, performance, or
achievements of Servidyne, Inc. to be materially different from any
future results, performance, or uncertainties expressed or implied
by such forward-looking statements. Factors affecting
forward-looking statements in this release include, without
limitation, the factors identified under the caption “Risk Factors”
in the Company’s Annual Report on Form 10-K for the year ended
April 30, 2010, as updated from time to time in the Company’s
Quarterly Reports on Form 10-Q. Servidyne, Inc. does not undertake
to update these forward-looking statements.
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