Servidyne Commences Energy Efficient Lighting Project at United States Navy Base Guam

ATLANTA-- September 2, 2009, (BUSINESS WIRE)--SERVIDYNE, INC. (Nasdaq:SERV - News), a building performance efficiency and real estate company, announced today that it has started work on a major energy-efficient lighting retrofit project at the United States Navy Base in Guam. The Company is upgrading approximately 3 million square feet of the base’s facilities with new interior and exterior lighting systems as part of a comprehensive, wide-ranging energy savings performance contract awarded to Johnson Controls Inc., the global multi-industrial leader in providing energy efficiency solutions.
Upon completion of the lighting retrofits, it is projected that the U.S. Navy will save $825,000 annually in energy expenses at the base, and reduce its yearly consumption of electricity by more than 3 million kWh, eliminating nearly 2 million pounds of CO2 emissions from the atmosphere, which is equivalent to taking 314 cars off the road or saving 641 acres of trees. Servidyne anticipates completing its work in Guam in less than 8 months, and expects the project to generate revenues of approximately $3.1 million.
The Company will be upgrading the interior lighting systems at the base with energy efficient T-8 fixtures. Street and parking lot lighting will be replaced with new energy efficient induction fixtures, and the parking lot fixtures will also incorporate automatic shut-off controls. To reduce the amount of energy consumed at the base’s athletic fields, new lighting fixtures will be installed and exterior lamp wattage will be reduced.
Servidyne was selected for this project based on a number of factors, including the Company’s expertise in energy efficiency, its project management skills and track record of successfully compressing project timelines, and its long history of providing energy-efficiency services for many types of government facilities. The Company anticipates performing more energy savings projects in the near future at other military bases and government facilities, including projects funded through the recently-enacted $100 billion federal government initiatives to improve the energy efficiency of federal, state and local government facilities.
“Servidyne has performed similar lighting retrofits and other energy efficiency projects for hundreds of government buildings, which substantially reduced energy consumption and yielded significant financial benefits for American taxpayers,” said Todd Jarvis, President, Servidyne Systems, LLC. “We are proud to work with Johnson Controls and other energy services companies, organizations we have successfully partnered with over the last 15 years on numerous energy-savings projects for the federal government and a number of state and local jurisdictions. As our country struggles to recover from the current economic recession and combat the causes of global warming, it is very gratifying to know that Servidyne can be part of the solution.”
About Servidyne
Established in 1925, Servidyne, Inc. is headquartered in Atlanta, Georgia, and operates globally through its wholly–owned subsidiaries. Servidyne Systems, LLC, is a wholly owned subsidiary of Servidyne, Inc., and is the operating company that provides energy efficiency solutions to its customers. Servidyne Systems, LLC goes to market under the name Servidyne. The Company provides comprehensive energy efficiency solutions, sustainability programs, and other products and services that significantly enhance the operating and financial performance of existing buildings. Servidyne enables customers to cut energy consumption and realize immediate cost savings across their portfolios, while reducing greenhouse gas emissions and improving the comfort and satisfaction of their buildings’ occupants. The Company serves a broad range of markets in the United States and internationally, including corporate, commercial office, hospitality, gaming, retail, industrial, distribution, healthcare, government, multi-family and education. Servidyne also engages in commercial real estate investment and development. The Company currently owns or controls shopping centers in the Southeast and Midwest and office properties in metropolitan Atlanta. For more information about Servidyne, please visit www.servidyne.com or call 770-953-0304.
Certain statements contained in this news release are forward-looking statements within the meaning of federal securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other matters, including the risks and uncertainties set forth under the heading “Risk Factors” in the Company’s periodic reports filed with the Securities and Exchange Commission, any of which may cause the actual results, performance or achievements of Servidyne, Inc. to be materially different from any past or future results, performance, or uncertainties expressed or implied by such forward-looking statements. Without limitation, statements in this press release that are forward-looking include the potential benefits of lighting retrofits, the projected annual reductions in energy costs and electricity consumption, the projected volume of greenhouse gas emissions to be eliminated from the environment, the Company’s expectations regarding the completion date of the retrofit project, and the Company’s anticipation of performing energy savings projects in the near future at other military bases and government facilities. Servidyne, Inc. does not undertake to update these forward-looking statements.
Contact:
Christine Pietryla, Pietryla Enterprises/Public Relations
(312) 276-5177
cpietryla@pietryla.com