PowerSecure International, Inc. (Nasdaq: POWR) announced today that PowerSecure’s end-to-end standby power solution offered a higher degree of reliability than many standby systems which serve the nuclear power industry, according to data from both PowerSecure and the nuclear industry presented by Steve Fairfax, President of MTechnology at the 24x7 conference in Phoenix, AZ.
Mr. Fairfax evaluated data from more than 1,000 sites where the PowerSecure solution was used in both load management and standby power settings over a five year period from 2007 through 2012.
He found that during 5,234 power outage events (excluding outages due to human error or equipment repair situations) which occurred during this period, the PowerSecure solution delivered a 96.1 percent success rate. This level of success for the PowerSecure system exceeds the typical performance of standby systems which serve the nuclear power industry.
“The data on the reliability of the PowerSecure backup power solution includes more than 50,000 datapoints. This is more than 10 times the amount of data cited in comparable nuclear studies and allows us to draw robust conclusions about the enhanced reliability of the system,” Fairfax said.Unlike other approaches to providing backup power, which can include engineering, components, assembly, maintenance and monitoring from different, uncoordinated providers, PowerSecure offers customers an integrated end-to-end solution which streamlines design engineering, construction, deployment and monitoring to allow for significant efficiencies and improved system performance. “These data highlight how PowerSecure’s integrated and comprehensive system expertise provides value and efficiency to customers with an immediate feedback loop that allows our teams to monitor performance in real time and take instant action to restore power if it is lost,” said Sidney Hinton, chief executive officer of PowerSecure. “Because of our industry-leadership in distributed generation, we have seen this segment of our business grow by 36 percent in the last 12 months and, as recent weather events in the Northeast have reinforced, we see a continuing unmet need for the reliability our solutions provide,” Hinton added.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV