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Auburn School District Progresses to Next Phase With Atlantic Energy Solutions

Posted on: Thursday, 11 September 2008, 09:00 CDT

Atlantic Energy Solutions, Inc. (OTC:AESO) is pleased to announce that it is entering the third and final phase of its $6.1 million energy efficiency project with the Auburn Enlarged City School District located in Central New York.

This project, which has already resulted in annual savings to the school district of over a quarter of a million dollars, began in 2004 with the refurbishment of the school district's Lattimore Geothermal Well. The well was originally installed in 1984 through the efforts of Paul W. Lattimore, a four-term mayor of the City of Auburn, in conjunction with the Department of Energy and New York State Energy Research and Development Authority (NYSERDA). At a depth of more than one mile, the well produced geothermal energy and natural gas. Phase One consisted of Atlantic Energy Solutions bringing the well into compliance with present-day Department of Environmental Conservation standards. The well now produces free natural gas for the school district. The first phase was completed by installing a co-generation system which provides free electricity and heat from the onsite gas well. The end result was a 50% reduction in electric heating costs for the school district and local taxpayers.

The next phase of the project began in 2006 and addressed specific areas of need in order to increase energy savings in each of the eight school buildings in the district. This was achieved through such modifications as lighting retrofits, replacement of inefficient window systems and outdated electric motors, installing state of the art Danfoss Turbocor chillers for cooling, and upgrading the cogeneration plant.

As the third and final phase gets underway, Atlantic Energy will continue to upgrade all outdated equipment and technology which hamper the school district's overall energy efficiency, including district wide installation of advanced building temperature control systems such as one by Alerton, a Honeywell company (NYSE: HON).

"Its always very exciting for me to see these kinds of results for our clients, stated, CEO Timothy Brock. "By placing their confidence in Atlantic Energy Solutions, we have been able to get the school district to a point where they are producing their own electricity and heat. They have already realized annual savings of over $250,000, and we are not even finished, as we are just now entering into Phase 3 of the project, said Mr. Brock.

About Atlantic Energy Solutions Inc.

Atlantic Energy, founded in 1992, 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 a satellite office in Fairfield, NJ, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation and apply measures to boaster 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 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 forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Source: Business Wire

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