Mr. Procell is a veteran of the energy efficiency industry, with more than 20 years of experience in energy efficiency, renewable energy, sustainability and the building construction industry. He comes to Lime following 12 years with AECOM Energy, part of AECOM (ACM: NYSE), where he most recently served as the National Director of Energy Efficiency & Carbon Management.
With responsibility for strategic planning and business development, Mr. Procell led the development of AECOM’s Energy Services (ESCO) business and facilitated the growth of this organization across both geographic and vertical market expansion, serving institutional, government, utility, commercial and industrial clients. During Mr. Procell’s tenure at AECOM Energy, this group developed or managed over $2 billion worth of energy efficiency, renewable energy and sustainability programs.
Mr. Procell currently serves as the Chairman of the National Association of Energy Services Companies (NAESCO). He has been active in working with public officials to develop regulations and legislation in the areas of energy efficiency, renewable energy and sustainability. He has participated in a variety of working groups and committees on energy and sustainability, and he speaks frequently at industry gatherings and conferences.
“We are delighted that Adam has joined the
“I am happy to join
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy’s clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
Lime Energy Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements that reflect Lime Energy’s current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as “may,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “hope,” or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy’s actual results, performance, prospects or opportunities in the remainder of 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include whether we will be able to find a buyer for our energy technology division at a price acceptable to us, successfully negotiate an acquisition agreement with a buyer and close any acquisition agreed to and those risk factors described in Lime Energy’s most recent Annual Report on Form 10-K or as may be described from time to Lime in Lime Energy’s subsequent SEC filings..
Investors can access the call by calling toll free 866-543-6403and use passcode 29842125. International callers can dial 617-213-8896 and use the same passcode.
The call will be available for replay until August 12, 2009 by dialing toll free 888-286-8010 or 617-801-6888. The replay will require use of passcode 63041168.
The call can also be accessed through Lime Energy's Investor Relations section of its website at http://www.lime-energy.com. This call is being webcast by Thomson/CCBN and is being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at http://www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (http://www.streetevents.com).
About Lime Energy
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy's clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at http://www.lime-energy.com or by calling 847-437-1666.
The Lime Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5171
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as ``may,'' ``expects,'' ``anticipates,'' ``believes,'' ``intends,'' ``estimates,'' ``plan,'' ``should,'' ``typical,'' ``preliminary,'' ``hope,'' or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
# # #
Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone (905) 326-1888
E-mail: glen@bristolir.com]]>Lime Energy to Present at the JMP Securities 8th Annual Research Conference; Presentation to be Webcast on May 19, 2009 at 3:00 PM Pacific Time
Conference to Be Held May 18, 19 and 20 at the Ritz-Carlton, San Francisco
Elk Grove Village, IL–May 13, 2009
– Lime Energy Company (Nasdaq: LIME), a leading provider of energy efficiency and renewable energy design/build solutions, today announced that David Asplund, Chief Executive Officer, will present at the 8th Annual JMP Securities Research Conference at the Ritz-Carlton in San Francisco. Lime Energy is scheduled to present at 3:00 p.m. Pacific Time (PT) on Tuesday, May 19, 2009 in the Terrace Room. The presentation will include a discussion of the Company’s business operations, financial results, strategic initiatives and prospects for the future. The slide presentation and a live webcast of the event will be accessible from the "Investor Relations" section of Lime Energy’s website (www.lime-energy.com). Following the live webcast, an archived version will be available on the Lime Energy website.More information about the conference can be found at:
http://www.jmpsecurities.com/about/events.htmlAbout Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy’s clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
For More Information Contact:
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as ``may,'' ``expects,'' ``anticipates,'' ``believes,'' ``intends,'' ``estimates,'' ``plan,'' ``should,'' ``typical,'' ``preliminary,'' ``hope,'' or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
]]>About Lime Energy
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy's clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at http://www.lime-energy.com or by calling 847-437-1666.
The Lime Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5171
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as ``may,'' ``expects,'' ``anticipates,'' ``believes,'' ``intends,'' ``estimates,'' ``plan,'' ``should,'' ``typical,'' ``preliminary,'' ``hope,'' or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
# # #
Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone (905) 326-1888
E-mail: glen@bristolir.com
]]>Lime will be performing the assessments in the United States, under the direction of the corporation’s Energy, Environment Safety and Health Department.
“We are pleased to be working with the world’s leading global security company and believe our integrated approach to improving efficiency, reducing carbon emissions and operating costs matches Lockheed Martin’s energy and environmental objectives,” said Pradeep Kapadia, Director, Lime Energy Business Development. “Lime Energy’s primary mission is to enable our customers to improve their operational effectiveness, while managing volatile energy costs. In collaboration with Lockheed Martin’s team, we are also working to enable the corporation to achieve one of their primary goals – reducing the environmental impact resulting from operating major manufacturing, office and other facilities.”
About Lime Energy
Lime Energy is a leading provider of energy efficiency solutions that enable our clients to reduce their energy‐related expenditures and the impact of their energy use on the environment. Our clients include commercial and industrial businesses, property owners and managers and energy service companies serving government and educational institutions. Our core Energy Efficiency Services business provides energy engineering and consulting services as well as the development and implementation of energy efficiency lighting upgrade services, mechanical and electrical conservation services, water conservation services and renewable energy solutions. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime‐energy.com or by calling 847‐437‐1666.
FORWARD‐LOOKING STATEMENTS
This news release includes forward‐looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward‐looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward‐looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward‐looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10‐K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
### Contacts ###
Media Relations Investor Relations
Sean Gibson, Bite Communications, (415) 365‐0395, sean.gibson@bitepr.com
Glen Akselrod, Bristol Capital Ltd., (905) 326‐1888, glen@bristolir.com
]]>ELK GROVE VILLAGE, Illinois, June 11, 2009 ‐ Lime Energy (NASDAQ: LIME) has been named one of the fastest growing companies in the Chicago area according to Crain’s Chicago Business. Lime’s core business is designing and implementing energy efficiency solutions to help business and government facilities save money and go green. “At the end of the day, we sell return on investment,” said CEO David Asplund. “Our offices nationwide study the energy use of existing buildings, design a strategy to reduce energy costs, and implement the best solutions. Our work with clients saves overhead costs, reduces energy waste, and significantly improves building operations with new equipment.”
Lime Energy has grown its revenue by 1,135% over the past five years to $57.2 million in 2008. Revenues come from contracts with some of the nation’s leading private companies and from the largest Energy Service Companies (ESCOs) that contract with Applied Energy Management (AEM), a subsidiary of Lime Energy. “Our growth has been fueled by the need for private industry to reduce overhead costs, and from several specific provisions in the Federal Budget and the ARRA (Stimulus Bill) to reduce energy use in the public and private sectors,” continued Asplund. “As the need to reduce greenhouse gas emissions continues to grow, we see more and more opportunities for our services. The fact that we enjoy significant revenue through repeat business with existing customers tells us that we are on the right track with our skill and offering.”
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy’s clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime‐energy.com or by calling 847‐437‐1666.
FORWARD‐LOOKING STATEMENTS
This news release includes forward‐looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward‐looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward‐looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2008 and beyond to differ materially from those expressed in, or implied by, these forward‐ looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10‐K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
### Contacts ###
Media Relations
Sean Gibson, Bite Communications, (415) 365‐0395, sean.gibson@bitepr.com
Investor Relations
Glen Akselrod, Bristol Capital Ltd., (905) 326‐1888, glen@bristolir.com
]]>
Sites in TX, CA, NY, FL, MI, OR and WA are first in Nationwide Roll-Out
ELK GROVE VILLAGE, Illinois, June 23, 2009 - Lime Energy (NASDAQ: LIME) announced today that it has completed energy efficiency retrofit projects at the first 43 out of a total 286 centers owned by AMF in the US and Puerto Rico. Work began on April 20 and is expected to be completed this fall.
In order to reduce operating costs and improve the bottom line at its centers, AMF has contracted with Lime Energy to convert existing light fixtures over the lanes and customer area to new-generation fluorescent lighting. The project will be implemented through Lime Energy offices around the
Under the lighting contract, AMF is projected to save about $3 million per year in utility costs with an overall payback of less than two years for their entire portfolio. According to Merrell Wreden, Vice President of Marketing at AMF, “energy efficiency is an important project because of the utility bill savings that we can enjoy now and well into the future. We see this as a win for the environment because of the energy savings, a win for our customers because we are improving our facilities, and a win for us because we lower our operating costs.”
About AMF
AMF Bowling Centers, Inc. is the world's largest owner and operator of bowling centers. Since the introduction of the automated pinspotter in 1946, AMF has been a leader in the bowling industry.
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy’s clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2008 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
### Contacts ###
Media Relations
Sean Gibson
Bite Communications
(415) 365-0395
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
]]>
“Steve is a terrific addition to our Board” stated Dick Kiphart, Chairman of Lime Energy. “With over 25 years experience in the energy efficiency business and his proven entrepreneurial track record, we look forward to the value he will add to our Board.”
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy’s clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
Lime Energy Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements that reflect Lime Energy’s current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as “may,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “hope,” or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy’s actual results, performance, prospects or opportunities in the remainder of 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include whether we will be able to find a buyer for our energy technology division at a price acceptable to us, successfully negotiate an acquisition agreement with a buyer and close any acquisition agreed to and those risk factors described in Lime Energy’s most recent Annual Report on Form 10-K or as may be described from time to Lime in Lime Energy’s subsequent SEC filings.
Premier print advertising and direct marketing solutions provider to save over $735,000 annually
ELK GROVE VILLAGE, Illinois, August 4, 2009 ‐ Lime Energy (NASDAQ: LIME) today announced the completion of energy efficiency improvements at five locations for Vertis Communications, with another site planned for third quarter completion. "We're getting better quality lighting at a much lower run‐rate electricity cost," said Damon Snyder, Senior Vice President of National Operations at Vertis Communications. "The projects were completed on budget without any production disruptions; which is a challenge at Vertis’ direct marketing facilty in Chalfont because this is a 24 hour a day, seven day a week operation."
The locations completed include North Haven, CT, Chalfont, PA, North Brunswick, NJ, along with California sites in Pomona and Sacramento. Saugerties, NY is planned for lighting upgrade shortly. The total energy savings projected to be delivered by these projects amounts to a permanent savings of 5.75 million kilowatt‐hours (kWh) per year, providing these environmental benefits annually:
•7.6 million fewer pounds of Carbon Dioxide the leading cause of Global Warming
•29,900 fewer pounds of Sulfur Dioxide the leading cause of Acid Rain
•19,000 fewer pounds of Oxides of Nitrogen the leading cause of Smog and Acid Precipitation
•The equivalent of 662 passenger cars removed from the road this year.
"Energy efficiency in our facilities, combined with certification of several Vertis sites through the Forestry Stewardship Council (FSC) and most recently the Sustainable Forestry Initiative (SFI) are key to helping our customers adopt environmentally‐friendly business practices," said Quincy L. Allen, Chief Executive Officer for Vertis Communications. "As our customers’ environmental awareness increases, we look forward to showing them what we are doing to protect the environment."
"These projects are examples of how energy efficiency is good for the environment, plus the projected $735,000 savings per year across their portfolio so far can also add tremendously to the financial and business goals of a company like Vertis. We are honored to work with them at these facilities, with the potential for many more," said Dan Parke, President of Lime Energy. "Businesses in America are being asked by their customers and the public to take steps to "go green" and we at Lime Energy are proud of our work in designing and installing these energy upgrades to meet efficiency goals. Our hats are off to Vertis for taking the leadership position they have in this industry," continued Parke.
About Vertis Communications
Vertis Communications is a premier provider of targeted print advertising and direct marketing solutions to America’s leading retail and consumer services companies. Vertis delivers marketing programs that create strategic value for clients by using creative services, proprietary consumer research, database targeting and digital technologies, premedia and media placement services, combined with its world‐class printing expertise. With more than 100 locations in North America, Vertis’ extensive suite of services includes advertising inserts, direct mail, out‐of‐home displays,
newspaper special sections, POP, marketing collateral, online interactive and multimedia. For more information, visit www.vertisinc.com.
About Lime Energy
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy’s clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime‐energy.com or by calling 847‐437‐1666.
FORWARD‐LOOKING STATEMENTS
This news release includes forward‐looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward‐looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward‐looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2008 and beyond to differ materially from those expressed in, or implied by, these forward‐ looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10‐K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
### Contacts ###
Media Relations, Dave Laybourn, Lime Energy, (909) 394‐0230, dlaybourn@lime‐energy.com
Investor Relations Glen Akselrod, Bristol Capital Ltd. , (905) 326‐1888, glen@bristolir.com
]]>ELUTIONS is the premier provider of enterprise energy management solutions that significantly improve energy efficiency, asset performance and workforce productivity. ELUTIONS will integrate the eMAC and uMAC controls into their service offerings that provide real-time wide area solutions used by retail, commercial, telecommunications, government, and industrial organizations worldwide.
“We are very pleased to enter into this agreement with ELUTIONS,” stated David Asplund, CEO of Lime Energy, “and believe ELUTIONS is the ideal company to incorporate this technology into their suite of energy efficiency solutions to maximize the potential we have always believed existed in Maximum Performance Group.”
“This convergence of energy technologies will enhance our offering of Enterprise Information and Control Systems for Asset Management, Maintenance and Energy Management,” stated Bronwyne Bruwer, ELUTIONS, Inc. CFO. “This acquisition will further expand the number of Fortune 1000 clients to whom we provide energy solutions.”
Additional details about the agreement can be found in the Current Report on Form 8-K filed by Lime Energy with the SEC today.
About ELUTIONS
ELUTIONS is the premier provider of Wireless Enterprise Automation Solutions that help companies dramatically improve their asset performance, energy usage, and workforce productivity. With world headquarters in
ELUTIONS direct points of contact:
David Poff
Vice President Enterprise Sales,
ELUTIONS INC
215.794.0203 - Direct
Larry Toomey
Managing Director
ELUTIONS, INC
314-261-6393 – Direct
ltoomey@elutions.com
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting upgrades, mechanical and electrical retrofit and upgrade services, water conservation, weatherization, and renewable energy solutions. Lime Energy’s clients include commercial and industrial businesses, building owners, property owners and managers, utilities as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
Lime Energy Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements that reflect Lime Energy’s current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as “may,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “hope,” or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy’s actual results, performance, prospects or opportunities in the remainder of 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include those risk factors described in Lime Energy’s most recent Annual Report on Form 10-K or as may be described from time to Lime in Lime Energy’s subsequent SEC filings.
ELK GROVE VILLAGE, Illinois–(August 25, 2009)–Lime Energy (NASDAQ: LIME) announced today their Applied Energy Management (AEM) subsidiary has been awarded an increase to its existing contract to provide energy efficiency services for the New York Power Authority (NYPA). The maximum value of the services that may be purchased by NYPA from AEM was increased from $10 million to $20 million, although there is no minimum purchase requirement under the contract. Under the five year contract, awarded last year, Lime is providing, through its AEM subsidiary, energy efficiency upgrades including the implementation of energy efficient lighting, lighting occupancy controls and energy efficient motors for selected facilities in the five boroughs of
According to Jim Smith, President of AEM, “This contract represents the types of services that Lime performs through its AEM subsidiary for other Energy Service Companies across the country. We are delighted to have the opportunity to do additional work with NYPA in their
About NYPA
NYPA is the nation’s largest state-owned electric utility, with 18 generating facilities across
About Lime Energy Co.
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are described in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors are incorporated here by reference.
# # #
Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
glen@bristolir.com
The Program is being implemented in response to
“This program brings together several of Lime’s strengths including the marketing and development of energy efficiency projects, expertise in lighting technology and familiarity with the commercial & industrial market, stated Adam Procell, President of Lime Energy’s Energy Consulting and Technical Services group. We are delighted to have the opportunity to work with National Grid, a leader in energy efficiency, in delivering a program that will have far-reaching environmental and economic benefits for
About National Grid
National Grid is an international energy delivery company. In the
About Lime Energy Co.
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include that less of the overall Program spending or resources will be allocated to the Western New York market area than Lime Energy has estimated and those risks described in Lime Energy's most recent Annual Report on Form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated here by reference.
# # #
Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
glen@bristolir.com
]]>
Wedbush Securities Inc. is acting as the sole book-running lead manager of the offering and Canaccord Adams Inc. is acting as co-manager.
A copy of the final prospectus related to the offering may be obtained from Wedbush Securities at 1-800-422-4309 or
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale 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 state or jurisdiction. Any offer or sale of these securities will be made only by means of the written prospectus forming part of the effective registration statement for the offering.
About Lime Energy Co.
Lime Energy is a provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving
# # #
Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
glen@bristolir.com
]]>The FRR program offers a fast track efficient method for design and execution of all types of facility repair and renewal projects for customers including the Army, Air Force, Navy, Marines, National Guard, NASA, State Department and Government Accounting Office. No task orders were acquired with the contract. This Indefinite Delivery/Indefinite Quantity (ID/IQ) contract will have firm fixed price, cost-plus-incentive fee, or time and materials task orders. The original contract duration provided for a one year base award period and four option years for a total of five years. The first option year began on July 24, 2009. Further option years are at the discretion of the USACE.
“This is our first ID/IQ contract” stated
About Lime Energy Co.
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving U.S. government and educational institutions. We focus on deploying solutions to reduce the energy-related expenditures of our client’s facilities and the impact of their energy use on the environment, including energy efficient lighting upgrades, energy efficiency mechanical and electrical retrofit and upgrade services, water conservation, weatherization and renewable project development and implementation. We provide energy efficiency solutions across all of our clients’ facilities, ranging from high-rise office buildings to manufacturing plants, retail sites, mixed use complexes and large, government sites to small, local facilities. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include the risk that there is no assurance that AEM will be awarded task orders under the contract and the risk factors described in Lime Energy's current Annual Report on Form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated here by reference.
# # #
Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
glen@bristolir.com
Wedbush Securities Inc. acted as the sole book-running lead manager of the offering and Canaccord Adams Inc. acted as co-manager.
A copy of the final prospectus related to the offering may be obtained from Wedbush Securities at 1-800-422-4309 or
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale 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 state or jurisdiction. Any offer or sale of these securities will be made only by means of the written prospectus forming part of the effective registration statement for the offering.
About Lime Energy Co.
Lime Energy is a provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving
# # #
Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
glen@bristolir.com
“Aside from the financial benefit here, we now have much more uniform lighting throughout our operation,” said
The plant is located in northeastern
Lime Energy also evaluated the facility’s air conditioning, compressed air, and measures to improve the building envelope for the company.
About
Founded in 1957, Frankston Packaging Company is a full service manufacturer of Paperboard and Vinyl Folding Cartons, Litho Laminated Corrugated Display, Rigid/Set-Up Boxes, Vinyl Boxes and Overhead Transparency Films. Our ability to manufacture all of the above products under one roof makes us unique in this industry. With over 50 years of history, Frankston Packaging Company is a leading manufacturer of folding cartons in the South Central United States with distribution outlets throughout the US and Canada. More information is available at www.frankstonpackaging.com or by calling 1-800-881-1495.
About Lime Energy
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2008 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
### Contacts ###
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
]]>
The project involved 10 large package handling facilities with a total area of 3.3 million square feet. Electricity savings are projected to exceed 16.5 million kilowatt-hours (kWh) saved per year. In addition to the substantial reductions in utility bills, the forecast energy savings equate to avoiding 10,000 metric tons of carbon dioxide emissions per year, or taking 1,900 cars permanently off the road.
“Our lighting design and engineering team started with a blank sheet of paper to analyze all opportunities and then we provided multiple solution options before making the final design decision with our ESCO client,” said Jim Smith, President of Public Sector and Regional Construction for Lime Energy. “In this case, the customer considered not only their current utility costs and long-term maintenance costs, but also how the quality of light improves the working environment. Where appropriate, we recommended advanced lighting controls that use the internet to reconfigure their zones at any time to provide the customer with a flexible operations work space in the future.” To save the most energy, some of the sites include bi-level lighting to provide minimal light levels when spaces are not fully occupied.
“We installed best practice technology in several similar facilities six years ago, and those projects have more than paid for themselves,” added John O’Rourke, COO of Lime Energy. “Today, however, technology has improved and electricity costs have risen to the point that these latest installations will pay for themselves quickly again. We are seeing that private business and the public sector are looking hard at every available opportunity to reduce their overhead expenses and obtain better energy productivity. Energy efficiency projects like this create jobs, reduce operating expenses, and provide attractive returns on taxpayer dollars.”
About Lime Energy
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2008 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
### Contacts ###
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
About
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving
For More Information Contact:
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect
Investors can access the call by calling toll free 866-700-7101 and use passcode 36761457. International callers can dial 617-213-8837 and use the same passcode.
The call will be available for replay until February 11, 2010 by dialing toll free 888-286-8010 or 617-801-6888. The replay will require use of passcode 62925774.
The call can also be accessed through Lime Energy's Investor Relations section of its website at http://www.lime-energy.com. This call is being webcast by Thomson/CCBN and is being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at http://www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (http://www.streetevents.com).
About Lime Energy
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving
The Lime Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5171
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as ``may,'' ``expects,'' ``anticipates,'' ``believes,'' ``intends,'' ``estimates,'' ``plan,'' ``should,'' ``typical,'' ``preliminary,'' ``hope,'' or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
# # #
Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone (905) 326-1888
E-mail: glen@bristolir.com]]>The lighting upgrade included installing new fixtures in the showroom areas, the multi-floor parking areas, and the repair and service bays. Overall savings are expected to exceed 150,000 kilowatt-hours (kWh) per year, which is equivalent to avoiding 95 metric tons of CO2 annually, or taking 18 cars permanently off the road. The upgrades are expected to pay for themselves in slightly over 2 ½ years from utility bill savings and a rebate from Commonwealth Edison.
After seeing the results of the completed project, the staff at Perillo BMW noticed several benefits that they had not anticipated. In the repair areas, new lighting replaced metal halide fixtures that produced a tremendous amount of heat and that required ventilation fans to maintain comfort for the repair technicians. The new lighting in the new car parking and storage areas now illuminates the cars so well that customers do not ask to see the car outside in the sunlight nearly as often as before. “You can imagine in our downtown location that when a customer wants to see a car outside, we might have to move six or seven cars around,” said Sam DeStefano, Project Manager at Perillo BMW, “so it’s great when we don’t have to do that as often. It’s amazing that the new lighting actually uses less energy than what we had before, yet the light is so much better,” continued DeStefano.
“Energy efficiency projects like this one at Perillo BMW provide real-world examples about what can be done to reduce energy use, yet improve a retail area or workspace,” said David Asplund, CEO of Lime Energy. “Lime Energy has completed dozens of successful projects for auto dealers all across the country, and we are happy to provide these benefits to the auto industry. Energy Efficiency is creating jobs, benefitting our businesses, and improving our environment, all from new technology that simply provides more benefits with less energy input.”
About Perillo BMW
Perillo BMW has the Midwest’s largest new and pre-owned BMW inventory, serving Midwest families for over 34 years. Perillo welcomes the Internet customer and provides a hassle-free Internet experience. We have customers worldwide and can assist you with long distance transactions and shipping nationwide and overseas.
About Lime Energy
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of our clients’ facilities, reducing their operating costs and carbon emissions. We focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Our clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving U.S. government and educational institutions. We focus on deploying solutions to reduce the energy-related expenditures of our client’s facilities and the impact of their energy use on the environment, including energy efficient lighting upgrades, energy efficiency mechanical and electrical retrofit and upgrade services, water conservation, weatherization and renewable project development and implementation. We provide energy efficiency solutions across all of our clients’ facilities, ranging from high-rise office buildings to manufacturing plants, retail sites, mixed use complexes and large, government sites to small, local facilities. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
### Contacts ###
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
“Given our past experience with the number of buildings in these regions, and our history of USPS approving our proposals, we look forward to identifying the energy savings potential and installing new equipment that saves energy and utility costs,” said Jim Smith, President of Public Sector and Regional Construction at Lime Energy (formerly Applied Energy Management, a subsidiary of Lime Energy). The maximum work to be performed under the three contracts is $28.5 million, accounting for the potential of four one-year renewals under each contract. There is no minimum purchase requirement under any of these contracts.
“The US Postal Service has thousands of facilities all over the country and we salute their dedication to making these buildings energy efficient,” said John O’Rourke, COO of Lime Energy. “Over the past six years, we have completed approximately $30 million in work for the Postal Service and we are very excited to begin this new phase continuing our tradition of exceptional design build performance.”
About Lime Energy
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions. We specialize in improving the energy efficiency of our clients’ facilities, reducing their operating costs, energy use, and carbon emissions. We focus on two specific markets: the commercial and industrial market including utilities, and the public sector market. Our work includes the engineering, design and implementation of energy efficient lighting, mechanical and electrical upgrades, water conservation, weatherization and development and implementation of renewable energy. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include that the USPS may not approve projects under the contracts described in this release or may only approve a limited number, that the contracts may not be renewed for their option periods and those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
In addition to selection into Power Buyer, Lime Energy was also chosen to participate in Power Buyer Green. Power Buyer Green was started in 2006 and is a specific group of services that target efficiency and sustainability. It includes a four-step approach of access, inspection, selecting projects, then monitoring and tracking performance.
“We are very excited to have been selected to be part of both Power Buyer and Power Buyer Green,” said Dan Parke, President of Lime Energy. “Being tapped to join these groups puts us in the position to benefit from the energy efficiency work that must take place in the US commercial building stock over the long term. Power Buyer is an excellent vehicle that opens doors and puts us in touch with building portfolio owners and managers who need help to prioritize opportunities and make the best economic decisions. Our unique ability to start with an initial inspection, then document the business case and then very quickly offer a firm proposal for carrying out the work gives Power Buyer members both the speed and thoroughness they must have to make the best decisions,” concluded Mr. Parke.
Power Buyer was started in 1994 by GE Real Estate and is now jointly owned by GE Real Estate and GEMSA. The group is made up of preferred providers of services and products for the commercial real estate industry. Building owners benefit from aggregated purchasing; which provides savings, no-cost inspections, extended warranties, and service consistency. There is no cost to members and no obligation to use the service. Products and services include lighting equipment, HVAC, property tax consulting, utility consolidation, roofing, paint and flooring, and elevator services, among others. GEMSA provides commercial loan servicing on $120 billion in commercial real estate assets. For further information, please contact Robert Hayes, Managing Director at 713-458-7205.
About Lime Energy
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions. We specialize in improving the energy efficiency of our clients’ facilities, reducing their operating costs, energy use and carbon emissions. We focus on two specific markets: the commercial and industrial market including utilities and the public sector market, deploying solutions including energy efficient lighting upgrades, energy efficiency mechanical and electrical retrofit and upgrade services, water conservation, weatherization and renewable project development and implementation. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include that the USPS may not approve projects under the contracts described in this release or may only approve a limited number, that the contracts may not be renewed for their option periods and those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
“This is a well deserved promotion and gives us incredible talent and experience in our three operating divisions,” stated
“I have enjoyed my tenure witnessing the growth and maturation of the energy efficiency industry and I am excited about being part of the world class leadership team at Lime Energy. I am convinced that this company will continue to set the pace in our field, as Lime Energy continues on its path as a true market leader in the dynamic and important marketplace for energy solutions,” stated David Krueger.
About Lime Energy
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions. We specialize in improving the energy efficiency of our clients’ facilities, reducing their operating costs, energy use and carbon emissions. We focus on two specific markets: the commercial and industrial market including utilities and the public sector market, deploying solutions including energy efficient lighting upgrades, energy efficiency mechanical and electrical retrofit and upgrade services, water conservation, weatherization and renewable project development and implementation. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include that the USPS may not approve projects under the contracts described in this release or may only approve a limited number, that the contracts may not be renewed for their option periods and those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
About
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions. We specialize in improving the energy efficiency of our clients’ facilities, reducing their operating costs, energy use, and carbon emissions. We focus on two specific markets: the commercial and industrial market including utilities, and the public sector market. Our work includes the engineering, design and implementation of energy efficient lighting, mechanical and electrical upgrades, water conservation, weatherization and development and implementation of renewable energy. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website www.lime-energy.com or by calling 847-437-1666.
For More Information Contact:
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect
About
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions. We specialize in improving the energy efficiency of our clients’ facilities, reducing their operating costs, energy use, and carbon emissions. We focus on two specific markets: the commercial and industrial market including utilities, and the public sector market. Our work includes the engineering, design and implementation of energy efficient lighting, mechanical and electrical upgrades, water conservation, weatherization and development and implementation of renewable energy. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website www.lime-energy.com or by calling 847-437-1666.
For More Information Contact:
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect
Investors can access the call by calling toll free 800-599-9829 and use passcode 75363930. International callers can dial 617-847-8703 and use the same passcode.
The call will be available for replay until June 23, 2010 by dialing toll free 888-286-8010 or 617-801-6888. The replay will require use of passcode 77833883.
The call can also be accessed through Lime Energy's Investor Relations section of its website at http://www.lime-energy.com. This call is being webcast by Thomson/CCBN and is being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at http://www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (http://www.streetevents.com).
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions. We specialize in improving the energy efficiency of our clients' facilities, reducing their operating costs, energy use, and carbon emissions. We focus on two specific markets: the commercial and industrial market including utilities, and the public sector market. Our work includes the engineering, design and implementation of energy efficient lighting, mechanical and electrical upgrades, water conservation, weatherization and development and implementation of renewable energy. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website www.lime-energy.com or by calling 847-437-1666.
The Lime Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5171
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may,'' "expects,'' "anticipates,'' "believes,'' "intends,'' "estimates,'' "plan,'' "should,'' "typical,'' "preliminary,'' "hope,'' or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2010 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone (905) 326-1888
E-mail: glen@bristolir.com]]>"The Allegheny County Energy Efficiency & Conservation Program will result in energy conservation projects in local government facilities throughout the County, which will translate into savings for taxpayers and jobs for local workers," said Onorato. "This effort builds on our ongoing initiative to promote sustainable practices across Allegheny County."
Lime Energy is expected to begin the audit process at the end of March and submit its reports by the end of July. Once the audits are completed, Lime Energy will analyze the results for each municipal building and recommend energy conservation measures to reduce energy demand and consumption, such as upgraded lighting, room occupancy sensors, insulation and other weatherization activities. Lime Energy’s contract with Allegheny County is for $212,000. The installation or retrofit of the conservation measures is planned for this fall. Duquesne Light will assist the County in monitoring the results of the facility improvements to ensure quantifiable and measurable energy savings.
The County will provide grants totaling $2 million to fund the municipal upgrades. Grant allocations will be based on the percentage of low- and moderate-income population in each municipality. Thirty boroughs and townships are eligible for grants covering 100 percent of upgrade costs, 55 municipalities will be eligible for grants covering 75 percent of costs, and 19 will be eligible for grants covering 50 percent of costs.
The Allegheny County Energy Efficiency & Conservation program is possible thanks to $8.1 million from the Energy Efficiency & Conservation Block Grant fostered by the American Recovery & Reinvestment Act.
In addition to the municipal energy efficiency program, Allegheny County is using $5.2 million for conservation projects in its 19 largest facilities, including the County Courthouse, County Office Building, County Jail, Shuman Juvenile Detention Center, Health Department facilities in Oakland and Lawrenceville, and all four Kane regional centers. Projects could include replacing windows and lights, updating heating and cooling systems, and installing solar and other cutting-edge technology. Preliminary projections indicate Allegheny County could save more than $2 million in utility costs annually under the program.
View PDF file for the full story.
]]>“We have become highly proficient at evaluating energy savings in banking facilities,” says Dan Parke, President of Lime Energy. “After completing 4,800 branches, we can now be very accurate in our projections for cost savings. By nature, bankers are cautious and risk-averse, and they want assurance that when they invest in energy efficiency, they will get their money back quickly from a high return on investment. They also want to be sure that customer service is not impacted in the least, and with our experience, we can confirm that as well,” continued Mr. Parke.
According to Pradeep (PK) Kapadia, VP of Lime Energy, “We can predict the savings very accurately based on our experience given bank branch operations are often tied to a set schedule, so energy use does not change much from day to day or from year to year. Similarly, bank data centers have a constant load because most of their equipment runs all hours during the year. We have three primary strategies for banking,” continued Mr. Kapadia. “First, we install new equipment that uses less energy to perform the same function as older, less efficient technology. The other main strategies are to use sensors and controls to turn things off when they don’t need to be on; and to match the energy use to the need, such as providing the proper light levels, together with appropriate space temperature and relative humidity for the various tasks that are performed in a banking facility.”
In addition to the dollar savings, this work from Lime Energy also provides the following environmental benefits each year:
“Going forward, these banks that we have worked on will continue to save energy and maintenance costs, plus there are tens of thousands more in need of our service. We look forward to reaching the next milestone of 100 million kWh saved,” concluded Mr. Parke.
About Lime Energy
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
### Contacts ###
Investor Relations
Bristol Capital Ltd.
(905) 326-1888
About Lime Energy
Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone (905) 326-1888
E-mail: glen@bristolir.com
“We are delighted to receive this award in recognition for the work we have done for Sara Lee and happy to deliver these savings to our customer,” said Dan Parke, President of Lime Energy. “The baking industry has raised the bar by establishing this award, and by making a statement that it supports solutions that promote sustainability. Lime Energy is committed to working with our customers to design and install solutions that save energy and reduce operating costs.”
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," “hope,” "intends," "estimates," "plan," "should," "typical," "preliminary," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2010 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those described in Lime Energy's most recent Annual Report on Form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated here by reference.
# # #
Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
glen@bristolir.com]]>About
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
For More Information Contact:
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect
More information about the conference can be found at: www.merrimanco.com
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
About Merriman Holdings, Inc.
Merriman Holdings, Inc. (Nasdaq: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in three growth industry sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to www.merrimanco.com.
Lime Energy Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
Because of the improved energy efficiency when compared with conventional lighting, the retrofit project provides additional annual environmental benefits annually by eliminating:
- 311,000 pounds of Carbon Dioxide
- 1,217 pounds of Sulfur Dioxide
- 772 pounds of Oxides of Nitrogen (NOx)
- which is equal to 27 passenger cars removed from the road this year.
As far as the effect on his business, Scott Selden added: “apart from improving the environment, the great color, and cost savings; the impact on maintenance is the best part. I could have three full-time employees who would do nothing but move ladders and replace lights. It almost makes bulb cost moot when you look at the labor. With these 50,000 hour lights, we’ll only have to pull out a ladder when we’re re-organizing the showroom.”
“Advanced technology such as the new lighting that we designed and installed here is really changing the face of retail lighting,” said Dan Parke, President of Lime Energy. “The exceptionally long life and ground-breaking efficiency are ideal for businesses that want to improve their product display and save operating costs at the same time.”
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
About Bassett Home Furnishings
Bassett is part of Selden's Home Furnishings, the premier furniture retailer of the Pacific Northwest. In more than sixty years of operation, Selden’s has grown from a staff of 5 when it first opened its doors to more than 100 now, including salespeople, designers, warehouse, and delivery staff. The Fife-based store specializes in quality and feature furniture and accessory motifs for every lifestyle and taste from French Country and Casual to Far Eastern and Contemporary.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," “hope,” "intends," "estimates," "plan," "should," "typical," "preliminary," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2010 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those described in Lime Energy's most recent Annual Report on Form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated here by reference.
# # #
Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
Work to be performed for 50 schools in Prince George County, MD
ELK GROVE VILLAGE, Illinois–December 7, 2010–Lime Energy (NASDAQ: LIME) announced that it has received a contract with an ESCO partner for 50 schools in Prince George County, MD. The project consists of water retrofit upgrades and building envelope improvements for energy efficiency. The company has been working for several months at each location to develop and present the final scope and total savings. Under the contract, Lime’s Public Sector division (formerly known as Applied Energy Management) will provide the installation of water saving technologies including new low flow water closets, the retrofit of urinals, new showerheads, and faucet aerators. Total water savings is estimated to be over 18.7 million gallons per year.
Lime Energy will also install new weather stripping for all exterior main doors and garage doors, sealing all penetrations such as around the air conditioning equipment, roof penetrations, soffits and all openings to the exterior that allows infiltration to the conditioned space. This will reduce the total energy used during both cooling and heating seasons which will substantially reduce cost and fuel consumption.
“This project is another great example of cost savings for local government,” said Jim Smith, President of Lime Energy Public Sector division. “Projects like this simply eliminate unnecessary costs by reducing energy and water waste. We are thrilled to be writing another chapter in our eleven-year relationship with our ESCO partner to provide these important conservation measures.”
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," “hope,” "intends," "estimates," "plan," "should," "typical," "preliminary," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2010 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those described in Lime Energy's most recent Annual Report on Form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated here by reference.
# # #
Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
In January of 2010, Lime announced similar contracts with the Eastern Facilities Service Office for facilities along the Atlantic seaboard. During the past year, Lime has completed installations that are projected to save 32.8 million kilowatt-hours (kWh) annually.
“Over the past year, these projects have included a high tech mix of equipment and controls to provide maximum energy savings,” said Jim Smith, President of Public Sector at Lime Energy (formerly Applied Energy Management, a subsidiary of Lime Energy). “For example, several of the new lighting installations include the opportunity to control each light fixture and monitor energy use in real time over the internet. Adding these sensors and controls generally increases the energy savings by 25% to 30%, so our recent experience in the east is the ideal background for these new projects in the south and southwest. For the past seven years, we have performed significant work for the USPS, and we are proud to be part of its commitment to reducing the use of fossil fuel, saving costs, and improving the environment,” concluded Mr. Smith.
About Lime Energy
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include that the USPS may not approve projects under the contracts described in this release or may only approve a limited number, that the contracts may not be renewed for their option periods and those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
### Contacts ###
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
“The emergence of battery powered electric vehicles is creating new unique challenges for our corporate customers and thus an opportunity for Lime Energy,” stated David Krueger, President of the Commercial & Industrial division of Lime Energy. “As a leading energy efficiency company, we are very well positioned to help corporations switch portions of their delivery fleets to electric vehicles through the design and construction of electric charging stations. Our solutions incorporate monitoring and control capabilities which fit perfectly with the future smart grid and utility demand side management programs.”
"At present, we have installed custom-designed solutions in New York and Ohio, and are currently designing charging stations for locations in California, Massachusetts and Connecticut," stated Robert Meier, P.E., Vice-President of Strategic Accounts for Lime Energy in New York City. “Commercial charging stations have a unique set of design challenges. Specific design issues include existing electric service capacity, local and national electric codes, utility demand charges, and safety considerations.”
“More and more companies are realizing the benefits of utilizing electric vehicles. In addition to state and federal grants, other benefits include reduced annual maintenance costs, the ability to switch to a favorable utility rate by charging vehicles during off-peak hours and integrating controls via GPS in order to determine optimal delivery routes given the remaining charge. Combining all these opportunities results in an attractive return on investment for companies that want to be more energy efficient and reduce their operating costs. Customer can achieve savings of 30%-40% per mile driven by switching to electric delivery vehicles. We believe this will be a fast growing area where Lime Energy has a unique capability to design and install these charging stations,” concluded Mr. Meier.
About Lime Energy
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
### Contacts ###
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
“Our alliance with a design and implementation firm such as Lime Energy bolsters the consulting we’re doing through GE’s engineering and specification teams,” says Lou Mane, managing director of the GE Energy Services Program. “In nearly every instance, our shared objective is to develop a path that helps commercial and industrial enterprises do the cost-of-light payback and return-on-investment calculations needed for immediate and longer-term energy efficiency and the financial benefits that can result.”
Through its affiliation with GE, Lime Energy will also help companies identify available rebates, financing and government incentives.
“This is a strategic offering for CEOs, CFOs or anyone concerned with an organization’s operational efficiency,” says Dan Parke, President of Lime Energy. “We are set up to move swiftly from initial inspection to developing a business case and proposing a solution. This ability to quickly assess the opportunity for savings and develop a proposed solution is particularly important to businesses because the financial returns can often be significant.”
Businesses can learn more by contacting Lime Energy at (909) 394-0230, visiting www.lime-energy.com, or writing to ESCOsolutions@GE.com.
About Lime Energy
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," “hope,” "intends," "estimates," "plan," "should," "typical," "preliminary," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2011 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those described in Lime Energy's most recent Annual Report on Form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated here by reference.
### Contacts ###
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
Lime Energy will employ local DC staff and Certified Business Enterprises including small firms and disadvantaged business enterprises to conduct these energy audits. The results of these audits will be used to inform the District's future investments and energy reduction strategies in support of the District’s goals to reduce energy consumption and carbon footprint while maintaining building occupant comfort and upgrading its facilities. Because of its scale and unique approach, the Department Of Energy will be closely monitoring the progress of this project.
This project allows Lime Energy to continue its support of municipal energy efficiency program development and implementation nationwide. “We applaud the District of Columbia’s decision to utilize the ARRA funds for this important planning effort, which will reap benefits for the District for years to come,” stated Adam Procell, President of Energy Consulting and Technical Services at Lime Energy. “The leadership shown by DRES should be an example for other local government entities that are looking to accomplish efficiency and sustainability goals through the use of these federal stimulus funds.”
About Lime Energy
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
### Contacts ###
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
As its first project, LEAD has acquired the gas rights to the Zemel Road landfill in Punta Gorda, Florida for $2.65 million and entered into a 20-year power purchase agreement with a utility for the sale of electricity and certain environmental attributes to be generated by a 4.2 megawatt landfill gas to electricity generating facility it will construct on the site. The company projects the construction of the facility will cost approximately $7.3 million and should be operational during the third quarter of 2011. The Company has retained an investment bank to arrange approximately $7.5 million in long-term debt for the project. In addition, the Company believes that the project will qualify for a renewable energy grant from the U.S. Treasury of approximately $2 million.
“I am very excited about this new leadership opportunity to generate additional long-term sustainable revenue sources for the company in this dynamic energy market,” stated Eric Dupont. LEAD will have unique strategic advantages in this fast growing market. We will leverage our engineering, implementation and project finance experience and capabilities to provide energy asset development and management services to our large, diversified base of commercial and industrial, utility and public sector customers who wish to benefit from alternative and/or renewable energy sources. In this role we serve two sets of clients: the energy consumer and the project finance investors. For the energy consumer we perform project feasibility assessments, evaluate alternative technologies, estimate economic returns, arrange debt and equity financing, manage the design and construction process, and operate the asset under a long-term power purchase agreement. For our project finance investor clients we source, qualify and structure investment opportunities to maximize risk-adjusted returns, then manage the design and construction process and operate the assets under long-term power purchase agreements. In some limited situations we may take equity positions in these investments.”
“Lime Energy is excited about this new business unit and additional opportunity it creates for the company,” stated John O’Rourke, Chief Operating Officer of Lime Energy. “LEAD will further leverage the company’s platform to grow a business at a time when renewable energy and distributive generation are key components to many of our client’s future energy plans.”
“The Zemel Road project is an excellent first project for LEAD,” concluded Jeff Mistarz, Lime’s Chief Financial Officer. “The timing of the project allows us to take advantage of the U.S. Treasury’s 1603(b) renewable energy grants, thereby minimizing our capital investment, while establishing LEAD in the energy asset development business. The project should generate long-term recurring revenue and earnings, as well as a strong return for our stockholders.”
About Lime Energy
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
### Contacts ###
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
For More Information Contact:
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
Lime was originally selected in 2009 as the exclusive provider for the Small Business Energy Efficiency Program for National Grid’s market area in Western New York, where the program is available to customers with an average monthly demand of 100 kW or less. The program provides customer incentives of up to 70 percent of project costs for upgrades including energy efficient lighting, lighting controls and refrigeration measures – with the ability to finance the customer share of the cost on-bill for up to 24 months, interest free. As the Regional Program Administrator, Lime Energy provides program marketing, project development and engineering, material procurement, database administration and turnkey project implementation.
In addition to helping more than 1,800 small businesses in Western NY to reduce their operating costs by some $6.7 million per year, National Grid’s program has created more than 150 jobs directly and indirectly related to energy efficiency in small business. These jobs include 20 locally hired full time Lime employees, as well as electricians and other staff on the teams of 25 subcontractors, who support the Program by installing high-efficiency lighting and controls. The environmental benefit of these projects has been the offset of more than 42,000 tons of CO2 emissions annually, the equivalent of removing more than 8,000 cars from the road.
“This program demonstrates the commitment of New York State and National Grid to tapping into the cleanest and most cost-effective energy resource that we have, which is energy efficiency,” stated Adam Procell, President of Lime Energy’s Energy Consulting and Technical Services business unit. “The success that Lime and National Grid achieved in 2010 is a testament to just how seriously we take the delivery of this resource, and speaks to the capability and work ethic of our Team members. National Grid and Lime spent much of 2010 helping small businesses, stimulating the local economy, putting people back to work and cleaning the air that we breathe – and we are thrilled to be asked to do even more of this in 2011.”
About National Grid
National Grid is an international energy delivery company. In the U.S., National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island under an agreement with the Long Island Power Authority (LIPA). It is the largest distributor of natural gas in the northeastern U.S., serving approximately 3.4 million customers in Massachusetts, New Hampshire, New York and Rhode Island. National Grid also owns over 4,000 megawatts of contracted electricity generation that provides power to over one million LIPA customers.
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
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Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
For More Information Contact:
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as ``may,'' ``expects,'' ``anticipates,'' ``believes,'' ``intends,'' ``estimates,'' ``plan,'' ``should,'' ``typical,'' ``preliminary,'' ``hope,'' or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2011 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.
Under the contract, Lime will enter into direct contracts to provide turnkey lighting retrofits with qualifying load pocket customers who choose to participate. Lime will provide the engineering design, installation, customer financing, and program administration through its Lime iPlan technology and management platform. Lime Energy auditors will use a handheld computer and web-enabled technology to quickly identify opportunities to save energy and reduce operating costs. Program implementation will require the services of local subcontractors and is anticipated to create more than 50 green jobs.
Other area utilities such as National Grid in New York and the New Jersey BPU’s Small Business Energy Efficiency Program have contracted with Lime Energy for the iPlan Direct Install delivery platform. “Lime Energy is committed to delivering scalable permanent load reduction for utilities,” said John O’Rourke, COO of Lime Energy. “More and more utilities are embracing the small business direct install program design which has proven to be very successful for both the utilities and customers. In 2010, we provided approximately 76,000 megawatt-hours of energy efficiency for more than 2,000 small business customers in New York and New Jersey. In addition to the energy, cost and emission reduction benefits, these two programs alone created over 250 jobs.”
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
# # #
Contacts:
Investor Relations
Glen Akselrod
Bristol Capital Ltd.
(905) 326-1888
glen@bristolir.com]]>Jim Madsen of National Grid has been working at the utility and its predecessor companies for 25 years. During that time he has managed electric and a gas efficiency program, managed commercial and residential gas sales teams, and is currently responsible for overseeing vendors that deliver turnkey program services for the company. He will discuss his experience and unique perspective on how utilities can deliver timely and cost-effective efficiency resources during the Marketing & Communications Breakout (Session 3) on May 17th at 3:30pm. Lime Energy will be co-presenting with National Grid, covering its successful collaboration and impact on the Program’s goals. In 2010 alone, Lime Energy delivered over 50,000 megawatt-hours through 1,800 customer implementations.
Lime Energy was recently awarded the program implementation contract as the exclusive provider for the Long Island Power Authority’s (LIPA) Small Business Energy Efficiency Program. The LIPA energy efficiency program will offer incentives up to 70% toward the cost of energy efficiency upgrades for qualifying small business customers in specific distribution load pocket areas of Nassau and Suffolk counties and the Rockaway Peninsula in Queens. The projected value of projects to be implemented under the five year contract is $7.3 million per year. LIPA created the Small Business Direct Install Energy Efficiency Program as part of its customer‐funded $900‐plus million “Efficiency Long Island” strategy to defer distribution and generation system upgrade costs by reducing peak energy demand.
In order to implement utility direct install programs in a timely and cost-effective manner, Lime Energy has deployed the iPlan direct install delivery platform for other utilities in New York and for the New Jersey BPU’s Direct Install Program. “Lime Energy is committed to delivering scalable, permanent load reduction for utilities,” said John O’Rourke, COO of Lime Energy. “More and more utilities are embracing the small business direct install program design which has proven to be very successful for both the utilities and customers. In 2010, we provided approximately 76,000 megawatt‐hours of energy efficiency for more than 2,000 small business customers in New York and New Jersey. In addition to the energy, cost, and emission reduction benefits, our contracts in these two states alone have created over 250 jobs.”
Businesses are encouraged to visit Lime Energy at booth #22 or at its sponsored breakfast on Wednesday morning, May 18th during the AESP Spring Conference in Atlanta.
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high‐rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime‐energy.com or by calling 847‐437‐1666.
FORWARD‐LOOKING STATEMENTS
This news release includes forward‐looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward‐looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward‐looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward‐ looking statements. These risks include those risks referenced in Lime Energy's current Annual Report on Form 10‐K and Quarterly Report on Form 10‐Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
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]]>About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
For More Information Contact:
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as ``may,'' ``expects,'' ``anticipates,'' ``believes,'' ``intends,'' ``estimates,'' ``plan,'' ``should,'' ``typical,'' ``preliminary,'' ``hope,'' or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2010 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.]]>“This is a very exciting new chapter in the evolution of Lime Energy and is a direct result of our rapid growth,” stated David Asplund, Executive Chairman. “These changes are being made to streamline the leadership and management of our organization to improve integration, efficiency and cost savings. Like many successful growth companies, there comes a time for the founders to pass the leadership to new management to take the company to the next level. John has been our Chief Operating Officer now for over two years and is well qualified for his new role. He has been instrumental in developing our organizational and strategic plans, hiring and supporting numerous key personnel, and building new businesses for Lime in key markets, including our very successful utility program management business. John has accomplished all of this while driving revenue and profitability in our existing business units. I look forward to continuing to work closely with John and am highly confident that he, with the support of the entire Lime team, will continue to leverage the platform we’ve built to achieve our ultimate objective of sustainable profitability” concluded Mr. Asplund.
John O’Rourke has 25 years of diverse industry experience which has helped guide Lime through tremendous growth, increased profitability and diversification of services and markets. His experience includes executive leadership roles in several of the energy services industry’s leading firms. Prior to joining Lime, Mr. O’Rourke was President and CEO of Applied Energy Management (AEM), an energy services firm with a 25-year track record. During his five years at the helm of AEM, he navigated the company through dramatic organic growth and a series of strategic acquisitions which culminated with the merger of AEM and Lime Energy. Previously, Mr. O’Rourke directed the construction management division of Xenergy, Inc, and oversaw the Mid-Atlantic Region for Energy Investments, a Boston-based energy engineering and energy services company. He developed and managed the engineering and operations platform for DukeSolutions, a Duke Energy unregulated subsidiary company. In this role he helped lead DukeSolutions become one of the nation’s leading Energy Services Company, prior to their acquisition by Ameresco. Mr. O’Rourke currently serves on the Board of the National Association of Energy Services Companies (NAESCO), and is active in the industry as an advocate for energy efficiency and renewable energy.
“I am honored and excited about my new role in leading our company forward,” stated John O’Rourke, Chief Executive Officer. “I look forward to building upon our unique position, the maturity of our platform and our long history of being a trusted energy partner to our clients in order to drive shareholder value. The dramatic transition in the energy industry is driving extraordinary innovation and growth in the Clean Energy space, creating an unprecedented opportunity for energy efficiency and renewable energy companies. Lime’s investment in a platform of diverse capabilities and geographic reach has made us an ideal choice for organizations implementing clean energy strategies in response to policy shifts and sustainability initiatives,” concluded Mr. O’Rourke.
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities’ energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.comor by calling 847-437-1666.
Lime Energy Investor Relations
Glen Akselrod, Bristol Capital Ltd.
Telephone 905-326-1888
E-mail glen@bristolir.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements that reflect Lime Energy’s current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as “may,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “hope,” or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy’s actual results, performance, prospects or opportunities in the remainder of 2011 and beyond to differ materially from those expressed in, or implied by, these forward