PowerSecure adds over sixty employees in first four months of 2010 to support growth
(Wake Forest, N.C.) PowerSecure International, Inc. (Nasdaq: POWR) today announced that it has added over sixty employees so far in the first four months of 2010 to support its growth. The increase in PowerSecure’s staff includes additions to its Interactive Distributed Generation, Utility Services, and EfficientLights LED lighting businesses. These significant hiring needs are driven by the positive growth trends these businesses demonstrated as 2009 progressed, and the large amounts of new business awarded to the Company in 2010.
PowerSecure has increased its staff with talented people in virtually every area of the product and service delivery process, including engineering, manufacturing, operations, finance, and sales. These new employees are located at the Company’s headquarters and operations in the greater Raleigh, NC area, as well as in Georgia, Texas, and Florida.
Sidney Hinton, CEO of PowerSecure, said, “The positive trends our business demonstrated in the second half of 2009, combined with our strong pace of new orders in 2010, has required us to add significantly to our staff to support our growth. The people we have brought on board are exceptionally talented, and it is especially gratifying to be hiring in these troubled times in the labor market. Our hiring over the last several months reflects the optimism we have about this year, and beyond, as signs of an improving economy and increasing business investment continue. We are very excited about the strategic positions each of our businesses has in the marketplace and their strong growth opportunities and promise.”
PowerSecure International, Inc. is a leading provider of Energy and Smart Grid Solutions to electric utilities, and their commercial, institutional, and industrial customers, as well as Energy Services to the oil and natural gas industry. PowerSecure’s Energy and Smart Grid Solutions businesses provide products and services in the areas of Energy Efficiency, Interactive Distributed Generation, and Utility Infrastructure. The Company’s Energy Efficiency business provides customers with energy efficient lighting technologies that deliver improved quality of light, including its proprietary EfficientLights LED lighting product that saves grocery, drug, and convenience stores 70% off the cost to operate traditional fluorescent lighting in their refrigerated cases. The Company is a pioneer in developing Interactive Distributed Generation® systems with sophisticated, proactive smart grid capabilities, including the ability to 1) forecast peak electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly power, 2) provide utilities with dedicated electric power generation assets for their demand response needs, and 3) provide customers with the most dependable standby power in the industry. PowerSecure also provides utilities with regulatory consulting, power system and transmission engineering and construction. The Company provides Energy Services to the oil and natural gas industry through its Southern Flow and WaterSecure business units. Additional information is available at www.powersecure.com.
