Contract Extension Continues ICF Energy Efficiency Work with SMECO for Next Three Years
ICF International (NASDAQ:ICFI), a leading provider of professional services and technology solutions to government and commercial clients, has been awarded a contract extension to continue supporting the energy efficiency portfolio for Southern Maryland Electric Cooperative (SMECO). The contract has a value of $11.5 million and a term of 36 months.
Through this contract, ICF will continue to promote increased energy efficiency in the commercial, industrial, and residential consumer markets. Efforts will include programs for lighting and appliances, heating and cooling, new construction, and home energy audits and home performance, as well as commercial programs that help SMECO?s larger and small business customers to use energy more efficiently in their facilities. ICF will educate homeowners, HVAC and home improvement trade allies, homebuilders, and various stakeholders regarding the energy savings benefits and value of ENERGY STAR and higher energy efficiency standards. For commercial accounts, trade allies, and other SMECO stakeholders, ICF will provide training, technical support, and assistance in identifying and delivering measures eligible for incentive funding.
According to Jeff Shaw, SMECO environmental programs and energy conservation manager, ?We have thousands of customer-members who have participated in our energy efficiency programs over the past couple of years. From coupons for compact fluorescent lights to rebates for ENERGY STAR appliances, from recycling refrigerators to assisting large commercial customers with major projects, ICF has proved to be a valuable partner.?ICF has worked with SMECO to seamlessly deliver EmPOWER Maryland programs to help our customer-members save energy and save money.?
?We are pleased that SMECO has selected ICF to continue supporting its energy efficiency programs. As a leading electric cooperative, SMECO provides cost-effective and outstanding customer service to the community and to its members,? said Mike Mernick, senior vice president for ICF International. ?ICF?s proven approach comprehensively develops the energy efficiency market, drives customer participation, and simultaneously builds the local technical infrastructure to help deliver program services.?
ICF offers results and solutions to a broad range of clients in the energy industry worldwide. ICF has advised both private and public sector clients in all facets of the energy industry for more than 30 years and is a leader in designing and implementing effective and innovative strategies.
ICF clients include investor-owned and public utilities, power developers, regulated transmission and distribution companies, unregulated enterprises, municipal power authorities, energy traders and marketers, oil and gas exploration and production companies, gas transmission companies, pipeline developers, local distribution companies, industry associations, investors, financial institutions, law firms, and regulators.
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About ICF International
ICF International (NASDAQ:ICFI) partners with government and commercial clients to deliver professional services and technology solutions in the energy and climate change; environment and infrastructure; health, human services, and social programs; and homeland security and defense markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program lifecycle, from research and analysis through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 4,000 employees serve these clients worldwide. ICF's website is http://www.icfi.com.
Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; and our ability to acquire and successfully integrate businesses. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.
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