HUNTERSVILLE, NC, June 23, 2014 – Lime Energy Co. (NASDAQ: LIME), the nation’s leading provider of energy efficiency for small businesses announced today that the company has partnered with National Resource Management, Inc. (NRM), the leader in energy-efficient refrigeration solutions. Lime Energy and NRM have completed development work that enables NRM’s suite of refrigeration solutions to be deployed seamlessly through Lime Energy’s web-based technology platform. The result is that these solutions can be provided to hundreds of thousands of small businesses within the small business energy efficiency programs that Lime implements on behalf of their utility clients.
The companies are working together across several utility territories and states where they are bringing refrigeration upgrades along with other measures to deliver comprehensive energy efficiency projects to small businesses – long considered a hard to reach market. Refrigeration is among the leading operating costs for many small businesses, and participation in Lime Energy’s utility programs can significantly reduce this cost while providing facilities with much needed upgrades.
“High costs of operating refrigeration systems can be a major concern to a small business customer, and Lime Energy is thrilled to be working with a company that is a leader in this specialty,” said Adam Procell, Lime Energy’s President and Chief Executive Officer. “The NRM partnership validates Lime Energy’s integrated services model, a channel through which we are able to bring small businesses the energy solutions that they cannot access on their own.”
“We are very excited to partner with Lime Energy,” said Jim Staley, NRM’s Chief Operating Officer. “Lime is able to reach thousands of small business customers a year and with the addition of NRM’s energy saving refrigeration technology, customers will be presented with comprehensive suite of energy-efficient solutions for their business. We are both aligned with the same goals – helping businesses save money by reducing energy consumption and helping utilities reach their MWH savings targets.”
About Lime Energy Co
Lime Energy is building a new energy future. As a leading national provider of energy efficiency for small business customers, Lime designs and implements direct install programs for our utility clients which consistently exceed program savings goals. Our award-winning, integrated services programs provide utilities with reliable energy efficiency resources while delivering the highest levels of customer satisfaction. This next generation approach is helping utilities across the country to go deeper and broader with the cheapest, cleanest and fastest energy resource that we have – energy efficiency.
About National Resource Management
National Resource Management (NRM) is a privately held corporation founded in 1991 as a lighting conservation company. Since 1995, NRM has been a leading provider of cost-effective energy management and maintenance solutions for businesses with commercial refrigeration, HVAC, and lighting equipment. Headquartered in Canton, Mass., NRM employs 70+ people and works with businesses of every size from coast to coast. NRM has served over 13,000 customers with refrigeration equipment and work as part more than 30 energy efficiency programs, including direct install programs, throughout the US. For more information please visit www.nrminc.com.
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 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.