September 15, 2008
TRC Expands Energy Efficiency Programs With Recent Contract Wins
TRC's (NYSE: TRR) Energy Services division, a 2008 ENERGY STAR Partner of the Year, is expanding its award winning energy efficiency programs with NYSERDA (New York State Energy Research and Development Authority) and the New Jersey Office of Clean Energy with contract awards totaling $2.5 million.
Under the new contracts, TRC will continue its award winning work with NYSERDA's Multifamily Performance Program that offers incentives to construct and retrofit multifamily buildings using energy efficient technologies and practices that reduce energy costs and carbon emissions. TRC will also design and implement new energy efficiency programs for the New Jersey Office of Clean Energy including a Municipal Audit, Pay for Performance and TEACH(TM)--a new 'Teaching Energy Awareness with Children's Help' energy education program."These additional contract awards are a testament to our clients' satisfaction with TRC's design, implementation and management of these programs," said Frank Reilly, Director of TRC Energy Services. "These programs have become models for other businesses looking for ways to both protect the environment and reduce energy costs."
TRC has been designing and managing energy efficiency programs throughout its customer offerings since 2003. In 2007 alone, TRC's Energy Services staff have designed and managed energy efficiency programs that resulted in annual electric savings of more than 145,000 MWh and annual gas savings of more than 1,030,600 DTh. This corresponds to annual C02 emissions reductions of 145,800 tons. "The average American's carbon footprint is 18 tons so a reduction of this magnitude would offset the carbon footprint of all of TRC's 2,600 employees and their families for one year," added Reilly.
TRC creates and implements sophisticated and innovative solutions to the challenges facing America's real estate, environmental, energy, and infrastructure markets. The Company is also a leading provider of technical, financial, risk management, and construction services to commercial and government customers across the country. TRC Energy Services designs and implements turnkey energy projects as well as innovative energy and green building programs serving multiple sectors including schools, commercial and industrial, and multifamily buildings.
For more information, visit TRC's website at www.TRCsolutions.com or contact Frank Reilly, Director of Energy Services at email@example.com and 617-350-6699.
Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may,""expects,""plans,""anticipates,""believes,""estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial condition, or state other "forward-looking" information. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the availability and adequacy of insurance; the uncertainty of our operational and growth strategies; regulatory uncertainty; the availability of funding for government projects; the level of demand for our services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; recent changes in our senior management; the results of outstanding litigation; risks arising from either failure to identify, or from identified material weaknesses in our internal controls over financial reporting or our inability to effectively remedy such weaknesses; our inability to comply with the terms of our credit facility and our lenders' future unwillingness to waive our noncompliance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in our Annual Report on Form 10-K for the fiscal year ended June 30, 2007, and other factors detailed from time to time in our other filings with the Securities and Exchange Commission.