Long Island School District Awards $12 Million Project to Atlantic Energy Solutions
Market Wire, April, 2009
Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that they have just been awarded a $12.2 million energy efficiency project from a Long Island, NY School District.
This multifaceted project entails a new 200kw solar photovoltaic system, a 300kw cogeneration system, IT Network Management, Weatherization, major HVAC renovations, and boiler and lighting replacement.
These energy efficiency improvements and renovations along with $490,000 in LIPA solar incentives will realize the school district and its taxpayers almost $700,000 in annual energy savings.
Related Results
Atlantic Energy Solutions CEO Tim Brock commented, "The savings we are providing for this school district is another perfect example of the impact our energy efficiency projects can make on a local municipality. Not only are we implementing state of the art green technology innovations which have a positive effect on the environment, but we are simultaneously creating much needed tax relief during these challenging economic times." Mr. Brock continued, "As our company continues on its current course of growth and expansion we are striving to become a premier player in our industry. Being a publicly traded company gives us an added responsibility to increase shareholder value. We are confident that the actions we are taking and the growth we are experiencing will help us achieve these important objectives."
About Atlantic Energy Solutions, Inc.
Atlantic Energy Solutions is a globally accredited Energy Efficiency and Resource Company and member of NAESCO ( www.Naesco.org ) that identifies, implements, and finances energy efficiency projects designed to improve the overall efficiency of energy, water usage and renewable resources, reducing our dependency on foreign oil and diminishing our carbon footprint. Headquartered in Saratoga Springs, NY and with satellite offices in Orlando, FL and Fairfield, NJ, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation and apply measures to bolster savings at the consumer level.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Atlantic Energy Solutions Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include, but are not limited to, fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise any forward-looking statements.
CONTACT: Rich Inza ir@atlanticenergy.net 1-866-788-1600 www.atlanticenergy.net
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