PowerSecure and CEO Sidney Hinton Named Clean Tech Finalist
(Wake Forest, N.C.) PowerSecure International, Inc. (Nasdaq: POWR) announced that the Company and its CEO, Sidney Hinton, were honored at Ernst & Young’s 2010 Entrepreneur of the Year Awards for the Carolinas as finalists in the Clean Tech category. The other two finalists in the Clean Tech category included Carlos Gutierrez, CEO of United Resource Recovery Corporation, and Chuck Swoboda, CEO of Cree, Inc., who was the category winner.
Ernst & Young’s prestigious Entrepreneur of the Year program honors entrepreneurs, and the companies they lead, who demonstrate extraordinary success in the areas of innovation, financial performance, and commitment to their businesses and communities. Nominations and evaluations are performed by an independent judging panel made up of regional business, academic, and community leaders.
Sidney Hinton, CEO of PowerSecure, said, “We are excited and humbled by this recognition, and to be among such a terrific list of companies honored at this year’s awards event. We are blessed with an amazing team of people whose dedicated, passionate service to our customers is the foundation of our success. This honor belongs to the entire PowerSecure team, and we receive it with a strong sense of responsibility and stewardship to strive every day to serve our customers with excellence, maintain a workplace of respect and opportunity, and operate with the highest degree of integrity.”
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 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. The Company’s Energy Efficiency business provides customers with energy efficient LED-based lighting technologies that deliver improved quality of light with strong returns on investment, including its proprietary EfficientLights lighting products for grocery, drug, and convenience stores, and its LED based street and area light product for utilities and municipalities. PowerSecure also provides utilities with utility infrastructure products and services, including transmission and distribution construction and maintenance, engineering and design services, and regulatory consulting. 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.
