PowerSecure International, Inc. (Nasdaq: POWR) today reported its Interactive Distributed Generation ® (IDG ®) standby power systems are operating to support utilities and their commercial and industrial customers during power outage events caused by Tropical Storm Beryl. PowerSecure’s IDG monitoring team has been in “storm mode” since the start of Memorial Day Weekend, continuously monitoring customers’ East Coast facilities to protect their operations from power interruptions and spoilage. PowerSecure’s IDG systems support numerous critical East Coast operations, including hospitals, industrial sites, military installations, commercial locations, and schools. PowerSecure’s IDG systems have operated in support of facilities to provide on-site power for up to 21 hours during this storm event.
PowerSecure also reported that its Utility Services team has deployed crews to areas along the eastern coast of Florida to assist utilities with power restoration efforts. PowerSecure’s team is supporting utilities’ efforts to restore power as quickly as possible – and crews deployed on Saturday are continuing to provide emergency services.
Sidney Hinton, CEO of PowerSecure, said, "Our IDG and Utility Services teams have been and continue to be in full storm mode supporting utilities and their commercial and industrial customers before, during, and after Tropical Storm Beryl. Throughout this year’s hurricane season, we will continue to closely monitor any developing storms, ensuring that our IDG systems are standing by to protect our customers’ facilities in the event of a power loss, and deploying our Utility Services teams to assist utilities with power restoration efforts as quickly and safely as possible.”
About PowerSecurePowerSecure International, Inc. is a leading provider of Utility and Energy Technologies to electric utilities, and their industrial, institutional, and commercial customers. PowerSecure provides products and services in the areas of Energy Efficiency, Interactive Distributed Generation, and Utility Infrastructure. The Company is a pioneer in developing Interactive Distributed Generation ® power systems with sophisticated smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes, and 3) provide customers with the most dependable standby power in the industry. The Company’s Energy Efficiency business develops energy efficient lighting technologies that improve the quality of light, including its proprietary EfficientLights ® LED lighting products for grocery, drug, and convenience stores, and its SecureLite and PowerLite street lights for utilities and municipalities. PowerSecure also provides electric utilities with transmission and distribution infrastructure maintenance and construction services, and engineering and regulatory consulting services. Additional information is available at www.powersecure.com. All forward-looking statements contained in this release are made within the meaning of and pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to statements concerning the amount and timing of the revenues associated with the new business discussed in this press release; the Company’s outlook, prospects and expectations for revenues, net income, and E.P.S. results and growth generally; the anticipated results of the Company’s products, services, and technologies; and all other statements concerning the plans, intentions, expectations, projections, hopes, beliefs, objectives, goals and strategies of management, including statements about other future financial and non-financial items, performance or events and about present and future products, services, technologies and businesses; and statements of assumptions underlying the foregoing. Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, those risks, uncertainties and other factors identified from time to time in the Company's most recent Annual Report on Form 10-K, as well as in subsequent filings with the Securities and Exchange Commission, including reports on Forms 10-Q and 8-K. Accordingly, there can be no assurance that the results expressed, projected or implied by any forward-looking statements will be achieved, and readers are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements in this press release speak only as of the date hereof and are based on the current plans, goals, objectives, strategies, intentions, expectations and assumptions of, and the information currently available to, management. The Company assumes no duty or obligation to update or revise any forward-looking statements for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise.
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