WAKE FOREST, N.C., Oct. 2, 2015 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced that, in response to requests from multiple utilities in the Northeast and Mid-Atlantic for utility crew support, PowerSecure has mobilized and pre-deployed more than 300 linemen, damage assessment experts and logistics support staff to assist with power restoration, if required, as Hurricane Joaquin approaches the United States.
In addition, the company's distributed generation monitoring center has begun storm mode operations, topping off fuel and successfully testing backup power systems for data center, hospital, industrial and retail customers at risk for power outages due to potential power disruptions from Hurricane Joaquin.
"We continue to monitor developments closely and stand ready to serve our customers with the reliable backup power and complete customer service they count on PowerSecure for to maintain their critical business operations during severe weather episodes," said Sidney Hinton, chief executive officer of PowerSecure.
"We also have hundreds of damage assessors and utility crew members pre-deployed and ready to assist our utility customers in the safe and rapid restoration of power to customers. We hope they are not needed, but if they are, we are ready to serve our customers when they need us most," Hinton added.
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 Interactive Distributed Generation ® (IDG®), energy efficiency, utility infrastructure and solar energy.
The company is a pioneer in developing IDG® power systems with sophisticated 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. Its proprietary distributed generation system designs utilize a range of technologies to deliver power, including renewables.
The company's energy efficiency products and services include energy efficient lighting solutions that utilize LED technologies to improve lighting quality, and the design, installation and maintenance of energy conservation measures which we offer, primarily as a subcontractor, to large energy service company providers, called ESCOs, for the benefit of commercial, industrial and institutional customers as end users.
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.
This press release contains forward-looking statements within the meaning of and made 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 company's outlook, prospects and expectations for operations, with respect to the storm described in this release and generally, and for its financial results, 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 are difficult to predict and 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, the impact and effect of weather events, other factors not in the company's control that can affect labor logistics and system reliability, the company's ability to execute on its operational plans efficiently, profitably and with operational excellence and other risks, uncertainties and other factors identified from time to time in its reports filed with or furnished to the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K, as well as subsequently filed reports on Form 10-Q and Form 8-K, copies of which may be obtained by visiting the investor relations page of the company's website at www.powersecure.com or the SEC's website at www.sec.gov.
Accordingly, there is 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.
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SOURCE PowerSecure International, Inc.