ELK GROVE VILLAGE, Ill., Feb. 1, 2011 (GLOBE NEWSWIRE) -- Lime Energy (Nasdaq:LIME) announced today that it has partnered with the District of Columbia Department of Real Estate Services (DRES) to conduct energy audits in support of the District's energy efficiency program for 9 million square feet covering 128 buildings. This ARRA funded program includes schools, libraries, and other municipal facilities located throughout the DC area that range in size from 4,500 to 617,000 square feet.
Lime Energy will employ local DC staff and Certified Business Enterprises including small firms and disadvantaged business enterprises to conduct these energy audits. The results of these audits will be used to inform the District's future investments and energy reduction strategies in support of the District's goals to reduce energy consumption and carbon footprint while maintaining building occupant comfort and upgrading its facilities. Because of its scale and unique approach, the Department Of Energy will be closely monitoring the progress of this project.
This project allows Lime Energy to continue its support of municipal energy efficiency program development and implementation nationwide. "We applaud the District of Columbia's decision to utilize the ARRA funds for this important planning effort, which will reap benefits for the District for years to come," stated Adam Procell, President of Energy Consulting and Technical Services at Lime Energy. "The leadership shown by DRES should be an example for other local government entities that are looking to accomplish efficiency and sustainability goals through the use of these federal stimulus funds."
About Lime Energy
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities' energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
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FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.
CONTACT: Investor Relations Glen Akselrod Bristol Capital Ltd. (905) 326-1888 glen@bristolir.com