PowerSecure Announces Proposed Public Offering Of Common Stock

PowerSecure International, Inc. (Nasdaq: POWR), a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers, announced today that it intends to offer and sell approximately $44 million in shares of its common stock in an underwritten public offering, including 200,000 shares that Sidney Hinton, its president and chief executive officer, intends to offer and sell shares as a selling stockholder.

The company intends to grant the underwriters a 30-day option to purchase additional shares of common stock at the same price per share to cover any over-allotments. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The company intends to use the net proceeds from the sale of its shares in this offering for general corporate purposes, including but not limited to working capital, capital expenditures, acquisitions, repurchases of outstanding shares and other business opportunities. The company has not determined the amount of net proceeds to be used specifically for the foregoing purposes. Accordingly, the company will have broad discretion in the application of any proceeds from the sale of securities offered in this prospectus supplement. Pending any specific application of the net proceeds from this offering, the company intends to invest such net proceeds in short-term marketable securities. PowerSecure will not receive any proceeds from the sale of the shares of common stock offered by the selling stockholder.

Robert W. Baird & Co. Incorporated is the sole book-running manager for the offering.

The shares are being offered by the company and the selling stockholder pursuant to effective registration statements previously filed with the U.S. Securities and Exchange Commission. The offering by the company may be made only by means of a prospectus and related preliminary prospectus supplement, and the offering by the selling stockholder is being made only by means of a reoffer prospectus and related preliminary reoffer prospectus. Copies of these offering materials may be obtained, by sending a request to: Robert W. Baird & Co. Incorporated, 777 East Wisconsin Avenue, 28th Floor, Milwaukee, Wisconsin 53202-5391, or by calling toll-free 1 (800) 792 2473 or by e-mailing syndicate@rwbaird.com. Electronic copies of the prospectus and related preliminary prospectus supplement and the reoffer prospectus and related preliminary reoffer prospectus are available on the Securities and Exchange Commission’s website at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sales of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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