PowerSecure International, Inc. (Nasdaq: POWR) today announced it has received $15 million of new awards for its Interactive Distributed Generation
) smart grid power systems, and utility infrastructure projects. The new IDG System awards total $10 million, and include installations for hospital, data center, pharmaceutical, and industrial facilities. The utility infrastructure awards total $5 million, and include transmission system and substation projects for utilities and large industrial customers. All of these awards are for turnkey sales of products and services, with approximately 80% of the revenue expected to be recognized in the second half of 2012, and 20% of the revenue expected to be recognized during the first half of 2013.
Sidney Hinton, CEO of PowerSecure, said, "We are pleased to announce these new business awards, which add nicely to our revenue backlog for the second half of 2012. We are also excited to report continuing traction in the hospital, data center, and pharmaceutical markets. Our sales and marketing teams focused on these customer categories are making terrific progress – and we are bullish on the opportunities we have to serve these large and growing markets with our proprietary IDG solutions.”
PowerSecure 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, and 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 – and incorporating cost-effective renewable technologies. 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
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