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PowerSecure Stands Ready to Deploy Backup Power for Customers and Utilities as Hurricane Earl Approaches

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WAKE FOREST, N.C. - (BUSINESS WIRE) - PowerSecure International, Inc. (Nasdaq: POWR) today reported its Smart Grid Monitoring team, and fleet of Interactive Distributed Generation (IDG) standby power systems, are fully prepared to provide backup power for customers and utilities as Hurricane Earl approaches the East Coast.

PowerSecure's IDG Smart Grid Monitoring team has been in "storm mode" throughout the week, and its fleet of standby power systems are standing ready to ensure that customers received immediate backup power in the event of an outage, and work with utilities to assist in the identification of outage locations. PowerSecure has approximately 1,000 IDG power systems deployed at customer locations to protect against operational interruptions, spoilage, and maximize customers' ability to remain open throughout the storm. Additionally, PowerSecure's Utility Services team is also prepared to assist East Coast utilities with line crews and utility trucks to support their efforts to restore any power losses as quickly as possible.

Sidney Hinton, CEO of PowerSecure, said, "This time of year our team keeps a close watch on tropical conditions, and has been making preparations all week to ensure our utility partners and customers are protected during any power outages which may occur. Our team monitors the IDG systems "24 by 7" throughout the storm, and maintains communications with our utility partners whenever an outage occurs. Our Utility Services crews are also standing by to assist utilities with any power restoration needs."

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, as well as Energy Services to the oil and natural gas industry. PowerSecure's Energy and Smart Grid Solutions businesses provide products and services in the areas of Energy Efficiency, Interactive Distributed Generation, and Utility Infrastructure. The Company's Energy Efficiency business provides customers with energy efficient lighting technologies that deliver improved quality of light, including its proprietary EfficientLights LED lighting product that saves grocery, drug, and convenience stores 70% off the cost to operate traditional fluorescent lighting in their refrigerated cases. 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. The Company provides Energy Services to the oil and natural gas industry through its Southern Flow and WaterSecure business units. 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 outlook for the businesses discussed in this press release and the Company's future revenues, earnings, margins, and other financial and operating information and data; the Company's outlook, prospects and expectations for revenues, net income, and E.P.S. results and growth generally, and related to the events described herein; the anticipated results of the Company's 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 Company's 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.

PowerSecure International, Inc.
Chris Hutter, 919-453-1760
Chief Financial Officer


 
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