Leading U.S. Sustainable Building Sciences Research, Development and Technology Firm, Steven Winter Associates, Inc., Signs Intent to Join The Maricor Group

Maine & Maritimes (AMEX: MAM) announced today that it has signed a letter of intent to acquire Steven Winter Associates, Inc. ("SWA"), one of North America's leading architecture, engineering, and building systems research, design, and technology consulting firms. The letter of intent is subject to due diligence, Board approvals, and other customary conditions. Upon closing SWA will become part of The Maricor Group, a wholly owned subsidiary of MAM. The parties anticipate that the transaction will be completed during the fourth quarter of 2005.

The Maricor Group and its subsidiaries, The Maricor Group New England, Inc. and The Maricor Group, Canada Ltd, are facilities infrastructure engineering, energy asset development, emissions reduction, and lifecycle asset management consulting service firms focused on building sciences, including energy efficiency with a strong commitment to sustainability and LEED® green building ratings.

Steven Winter Associates, Inc., headquartered in Norwalk, Connecticut, with offices in New York City, New York, Washington, D.C., Asheville, North Carolina, and Albany, New York, was founded in 1972 by Steven Winter, one of North America's leading thought leaders regarding the "green" built environment and sustainable development solutions. Recognized as one of North America's premier building systems consulting firms, SWA's staff of leading professional engineers, architects, scientists, and technologists develop, implement, and promote sustainability solutions and policies. SWA supports a wide array of private-sector clients, including developers, architects, and building owners from small residential to well-known sustainable buildings, such as Battery Park City, 4 Times Square, AOL/Time Warner and Hearst Headquarters, as well as federal, state and local governmental agencies, such as the U.S. Department of Energy, U.S. Department of Housing & Urban Development, the U.S. Environmental Protection Agency, and HUD's Office of Native American Programs, as well as the New York State Energy Research and Development Authority.

According to J. Nick Bayne, President and CEO of Maine & Maritimes Corporation and The Maricor Group, "We are exceptionally pleased to be joining forces with Steven Winter Associates to bring increased sustainable solutions and services to clients across North America. It is evident that our society must focus on sustainable solutions to our world's increasing economic, energy, environmental, and infrastructure challenges that impact the very underpinnings of human progress. The recent tragedy along the Gulf Coast underscores the need for increased solutions to the threats of global warming, while addressing our evolving energy crisis and the decaying of North America's critical facilities infrastructure. The fact is that more than 60% of people in the world live in urban areas with CO2 emissions reductions being one of the most critical global issues we face. Over one-third of such emissions are caused by the operation of buildings over their lifecycle. The Maricor Group and Steven Winter Associates share a guiding belief in sustainable building sciences and policies, both public and private, which help to ensure the continuing welfare of people and our planet, while promoting economic prosperity. We fundamentally believe businesses can create increasing shareholder value, while at the same time building a lasting legacy of sustainable services in support of the world in which we live."

Steven Winter, President of Steven Winter Associates, Inc., stated, "As we examined our future growth and continuing commitment to our clients and society as a whole, our ultimate goal has been and continues to be the innovation and delivery of ever more responsive, innovative, and value-added solutions promoting the development and implementation of sustainable facilities infrastructure. Our firm has always been concerned with reducing the adverse environmental impacts of constructing and maintaining buildings over their lifecycle. To gain broad-based acceptance of this goal, we have found that building science innovations must be economically attractive to the developer, builder, and ultimately, the owner. By reducing the energy demand in buildings, we help preserve both the environment and our clients' abilities to remain profitable and control operating costs in highly competitive and increasingly expensive markets. Consequently, critical in our decision to join forces with The Maricor Group was the commonality of our firms' guiding principles, value propositions, and goals. We share a common view of the economic, environmental, energy, and facility infrastructure challenges facing our world and a mutual belief in how we can help create a sustainable environment. There is no doubt that the need and opportunity for affordable sustainable building science solutions has never been greater. Joining forces with The Maricor Group provides us the opportunity to expand these services within both the United States and Canada, while becoming increasingly active in the development, technology transfer, and implementation of sustainable building sciences solutions."