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TheStreet Open House

ICF International Awarded $20 Million Energy Efficiency Contract With Major U.S. Utility

ICF International (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, has been awarded a new contract to support a portfolio of innovative energy efficiency programs for a major U.S. utility. The contract has a value of $20 million and a term of three years.

Through this contract, ICF will implement a suite of programs targeting residential, commercial, and industrial customers. Residential programs include incentives to increase the construction efficiency of new homes and comprehensive testing and incentives for existing homes. Commercial programs include incentives for custom and prescriptive efficiency projects, as well as energy master planning and retro-commissioning services. In addition, ICF will provide comprehensive data tracking and systems management for all the utility’s energy efficiency programs, call center and rebate processing services, and extensive data analytics, customer segmentation, and metrics management using ICF’s SIMS software application.

“This award continues a recent trend among our clients of consolidating their energy efficiency programs with ICF,” said David Pickles, senior vice president for ICF International. “While ICF had previously implemented a subset of these programs for this client, this award expands ICF’s contract more than five-fold. The contract is testament to the client’s satisfaction with ICF’s previous work and to ICF’s ability to bring consistency, economies of scale, and comprehensive information technology services and analytics to the entire portfolio of programs.”

ICF offers results and solutions to a broad range of clients in the energy industry worldwide. The company has advised both private- and public-sector clients in all facets of the energy industry for more than 30 years.

For More Information

About ICF International

ICF International (NASDAQ:ICFI) partners with government and commercial clients to deliver professional services and technology solutions in the energy, environment, and infrastructure; health, social programs, and consumer/financial; and public safety and defense markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program lifecycle, from research and analysis through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 4,500 employees serve these clients from more than 50 offices worldwide. ICF's website is http://www.icfi.com.

Caution Concerning Forward-looking Statements

Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; and our ability to acquire and successfully integrate businesses. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.



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