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Lockheed Martin Buys Renewable Energy Certificates on the World Green Exchange

Posted on: Wednesday, 4 February 2009, 07:30 CST

WORCESTER, MA, Feb. 4 /PRNewswire-FirstCall/ - World Energy Solutions, Inc. (TSX: XWE), an operator of online exchanges for energy and green commodities, today announced Lockheed Martin (NYSE: LMT) acquired Green-e renewable energy certificates (RECs) via auction on the World Green Exchange(R).

World Energy conducted the online auction in three tranches: one for Green-e reporting year 2009, one for 2010, and one for 2009-2010. Each of the bidders submitted a commitment bid price to ensure it could compete within Lockheed Martin's stated REC ceiling price.

"The auction was successful on many fronts," said Phil Adams, President and COO of World Energy. "The event brought together a who's who of U.S. Green-e REC suppliers, spurred record bidding activity, provided exceptional price discovery, and delivered an attractive REC purchase price. In sum, this event highlights the power of the World Green Exchange and exemplifies best practices in green commodity procurement."

About World Energy Solutions, Inc.

World Energy (TSX: XWE) operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, and green-energy assets who are impacted by today's volatile markets, World Energy's proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. Its award-winning World Green Exchange(R) supports the ground-breaking Regional Greenhouse Gas Initiative's (RGGI) cap and trade program for CO2 emissions. For more information, please visit www.worldenergy.com.

This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; we depend on a small number of key energy consumers, suppliers and channel partners; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.

SOURCE World Energy Solutions, Inc.

Source: PR Newswire

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