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8-K - FORM 8-K - POWERSECURE INTERNATIONAL, INC. | c12648e8vk.htm |
Exhibit 99.1
PowerSecures New Family of LED-based Street Lights Seeing Strong Marketplace Adoption
Wake Forest, N.C. February 17, 2011 PowerSecure International, Inc. (Nasdaq: POWR) today
announced its new family of LED-based street lights is seeing strong adoption by utilities and
municipalities. Over the last several months, over 30 electric utilities and municipalities have
purchased PowerSecures new area light, called the SecureLiteTM. SecureLite provides
utilities and municipalities with an energy efficient, environmentally friendly, low maintenance
alternative to traditional 100 watt HID lighting.
SecureLite delivers a 67% reduction in energy usage compared to a traditional High Pressure Sodium
area light, extends the lighting life three-fold (to approximately twelve years), and provides
increased reliability to reduce utility maintenance costs. In fact, the light has been engineered
to deliver 30+ years of service life, including the ability to replace the LEDs in the unit.
Additionally, SecureLite was engineered to deliver a better quality of light that enhances
visibility, minimizes light pollution, and is Dark Sky compliant. SecureLite incorporates
PowerSecures breakthrough proprietary dusk-to-dawn control technology which maximizes its
efficiency and reliability.
Additionally, PowerSecure announced today that it has introduced two new LED-based street lights to
the marketplace, including replacements for traditional 250 and 400 watt HID street lighting.
Called PowerLitesTM, these lights incorporate the same superior engineering as the
SecureLite, designed to deliver utilities and municipalities a strong combination of efficiency,
environmental, and maintenance benefits for higher wattage applications.
PowerSecures area lights and street lights are available through PowerSecures EnergyLite business
unit, which can be found at www.energylite.com.
Sidney Hinton, CEO of PowerSecure, said, We are excited about the pickup we are seeing in our new
SecureLite area light product. The light is demonstrating strong appeal from utilities and
municipalities due to the returns on investment it can deliver them through reductions in energy
and maintenance cost. Importantly, we are receiving very positive feedback about the quality of
light it delivers, and the ease with which it can be installed. On the heels of this initial
success, we are very excited to introduce our new PowerLite products to the market, which are
designed to deliver the same high-quality, high-efficiency, low-maintenance solutions to our
utility partners for higher wattage applications.
About PowerSecure
PowerSecure International, Inc. is a leading provider of Energy and Smart Grid Solutions to
electric utilities, and their commercial, institutional, and industrial customers. PowerSecures
Energy and Smart Grid Solutions businesses provide products and services in the areas of Energy
Efficiency, Interactive Distributed Generation, and Utility Infrastructure. The Companys Energy
Efficiency business provides customers with energy efficient lighting technologies that deliver
improved 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 which are available through its EnergyLite business unit. The
Company is a pioneer in developing Interactive Distributed Generation® systems with
sophisticated, proactive smart grid capabilities, including 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. PowerSecure also
provides utilities with transmission and distribution infrastructure construction and maintenance
services, and engineering and regulatory consulting services. Additional information is available
at www.powersecure.com.
All forward-looking statements contained in this release are made within the meaning of and
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are all statements other than statements of historical facts, including
but not limited to statements concerning the amount and timing of the revenues or profit associated
with the new business and new products discussed in this press release; the Companys outlook,
prospects and expectations for revenues, net income, and E.P.S. results and growth generally; the
anticipated results of the Companys products, services, and technologies; and all other statements
concerning the plans, intentions, expectations, projections, hopes, beliefs, objectives, goals and
strategies of management, including statements about other future financial and non-financial
items, performance or events and about present and future products, services, technologies and
businesses; and statements of assumptions underlying the foregoing. Forward-looking statements are
not guarantees of future performance or events and are subject to a number of known and unknown
risks, uncertainties and other factors that could cause actual results to differ materially from
those expressed, projected or implied by such forward-looking statements. Important risks,
uncertainties and other factors include, but are not limited to, those risks, uncertainties and
other factors identified from time to time in the Companys most recent Annual Report on Form 10-K,
as well as in subsequent filings with the Securities and Exchange Commission, including reports on
Forms 10-Q and 8-K. Accordingly, there can be no assurance that the results expressed, projected or
implied by any forward-looking statements will be achieved, and readers are cautioned not to place
undue reliance on any forward-looking statements. The forward-looking statements in this press
release speak only as of the date hereof and are based on the current plans, goals, objectives,
strategies, intentions, expectations and assumptions of, and the information currently available
to, management. The Company assumes no duty or obligation to update or revise any forward-looking
statements for any reason, whether as the result of changes in expectations, new information,
future events, conditions or circumstances or otherwise.
Contact
Chris Hutter
Chief Financial Officer
PowerSecure International, Inc.
(919) 453-1760
Chris Hutter
Chief Financial Officer
PowerSecure International, Inc.
(919) 453-1760
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