PowerSecure Announces $10 Million of New Utility Infrastructure and Distributed Generation Projects, Including Solar Power System

The new awards and their timing will be included in the Company's revenue backlog report to be issued in conjunction with its upcoming second quarter earnings release on August 6, 2012.

WAKE FOREST, N.C., Aug 01, 2012-- PowerSecure International, Inc. POWR -1.67% today announced it has received $10 million of new awards for utility infrastructure projects and distributed generation systems. The utility infrastructure awards total $7 million, including transmission and distribution system projects to upgrade existing utility systems, and new infrastructure projects to support expanding oil and gas company production activities. The new distributed generation system awards total $3 million, and include installations for hospital, institutional, and industrial applications. The distributed generation awards include $1 million of traditional turn-key PowerSecure distributed generation projects, a $1 million turn-key distributed solar energy project, and $1 million of recurring revenue projects. The majority of the $9 million of turn-key project-based awards in this announcement will be completed and recognized in 2012, and the remaining $1 million of recurring revenue will be recognized over a multi-year period. The new awards and their timing will be included in the Company's revenue backlog report to be issued in conjunction with its upcoming second quarter earnings release on August 6, 2012.


Sidney Hinton, CEO of PowerSecure, said, "We are pleased to announce these new awards, continuing the strong pace of new business we have realized over the last several months. They put us in a strong position as we look forward to the back half of 2012. Additionally, we are pleased to announce our first PowerSecure Solar award, as we have seen a very positive response in the marketplace to our recent acquisition and addition of solar energy systems to our portfolio of products."

About PowerSecure

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(R) 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(R) 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 .

Featured Product

Parker Wind Power Solutions - Core technologies to help you harness the wind… onshore and offshore

Parker Wind Power Solutions - Core technologies to help you harness the wind… onshore and offshore

Visit Booth #2886 at AWEA Windpower, May 22-25 in Anaheim, CA to see how Parker products, systems and services help you raise performance while reducing risk in wind energy environments. Parker has been on the forefront of windpower for over two decades, with solutions that touch virtually every critical function in the turbine. From integrated lube oil filtration systems and sealing technologies that make drive trains more reliable and bearings operate like new to compact blade pitch actuation systems that maximize rotor efficiency and minimize vibrations in the turbine. Parker has the solutions that make today's advanced and sophisticated wind power plants better and smarter. Case in point? Our high efficiency power conversion systems that deliver optimum power to the grid. While our scalable evaporative cooling system lowers overall system cost with up to 40% higher power throughput.