Tesoro selects Servidyne to fulfill MACC federal contract; project part of ARRA

ATLANTA – October 6, 2009 – SERVIDYNE, INC. (NASDAQ – SERV), a building performance efficiency and real estate company, announced today that it has entered into a contract with Tesoro Corporation to provide lighting and daylight controls at Langley Air Force Base. Servidyne will integrate the energy efficient devices in nearly 80 buildings at the United States military facility located in Hampton, Virginia. The contract is being funded by the American Recovery and Reinvestment Act of 2009 (ARRA).

Servidyne will install approximately 6,000 lighting controls in the base’s buildings, as well as daylight harvesting controls in two of the buildings. Upon project completion, it is estimated that the U.S. Air Force will reduce its yearly consumption of electricity at the base by more than 1 million kWh, and as a result eliminate nearly 2 million pounds of CO2 emissions from the atmosphere, which is equivalent to taking more than 100 cars off the road or saving nearly 225 acres of trees. Servidyne anticipates completing its work at Langley by March 2010, and expects the project to generate revenues of approximately $800,000.

The Company was awarded the project by Tesoro after a competitive bid process, and will perform the work under Tesoro’s federal Multiple Award Construction Contract (MACC). Servidyne’s wide array of energy reduction services aligns well with the federally-funded energy efficiency initiatives.

“Lighting controls typically reduce lighting usage by thirty to sixty percent depending on occupancy,” explains Todd Jarvis, President, Servidyne Systems, LLC. “Servidyne is in full support of the federal government’s energy efficiency goals. This controls integration project at Langley will not only reduce the Air Force’s energy costs, but also will lower greenhouse gas emissions. We are experts at helping others achieve their energy reduction goals by using technology to increase building efficiency, and as a result we often are called upon to perform this type of work.”

Servidyne has substantial experience enhancing the building performance of numerous federal, state, and local government agencies and jurisdictions. Langley Air Force Base is one of many U.S. military facilities where Servidyne has helped optimize energy efficiency and enhance sustainability. The Company anticipates performing additional energy savings projects in the near future at other military bases and government facilities.
 

About Tesoro
Tesoro Corporation is a wholly-owned subsidiary of Tetra Tech Inc., a leading provider of consulting, engineering, and technical services worldwide. Tesoro is a Hampton Roads-based construction services firm with a proven track record of success, particularly in design-build project delivery for federal clients including the U.S. Air Force, U.S. Navy, U.S. Coast Guard, and other federal government entities.
 
Tesoro provides construction management and other construction services to build and repair facilities in support of military construction programs, military transformation initiatives, and the U.S. Department of Defense’s Base Realignment and Closure (BRAC) activities. The firm has supported the construction and rehabilitation of military headquarters, administrative facilities, operational facilities, training facilities, barracks, family housing, dining facilities, personnel support facilities, industrial facilities, and piers. Tesoro is headquartered in Virginia Beach, Virginia. (757) 518-8491.  For more info, please visit the company’s web site at www.TesoroCorp.com.

About Servidyne
Established in 1925, Servidyne, Inc. is headquartered in Atlanta, Georgia, and operates globally through its wholly–owned subsidiaries. Servidyne Systems, LLC, is a wholly owned subsidiary of Servidyne, Inc., and is the operating company that provides energy efficiency solutions to its customers. Servidyne Systems, LLC goes to market under the name Servidyne. The Company provides comprehensive energy efficiency solutions, sustainability programs, and other products and services that significantly enhance the operating and financial performance of existing buildings. Servidyne enables customers to cut energy consumption and realize immediate cost savings across their portfolios, while reducing greenhouse gas emissions and improving the comfort and satisfaction of their buildings’ occupants. The Company serves a broad range of markets in the United States and internationally, including corporate, commercial office, hospitality, gaming, retail, industrial, distribution, healthcare, government, multi-family and education. Servidyne also engages in commercial real estate investment and development. The Company currently owns or controls shopping centers in the Southeast and Midwest and office properties in metropolitan Atlanta. For more information about Servidyne, please visit www.servidyne.com or call 770-953-0304.

Certain statements contained or incorporated by reference in this press release, including without limitation, statements containing the words “believe,” “anticipate,” “estimate,” “expect,” “plan,” “project,” “forecast,” “should,” and words of similar import, are forward-looking statements within the meaning of the federal securities laws. Forward-looking statements in this release include statements regarding the following matters: the Company’s expectations of delivering demand response results as early as this summer; the Company’s anticipation of entering into new contracts with customers served by utilities in California; and the Company’s expectation that its successful demand response efforts last summer will lead to additional new business later this year. Forward-looking statements involve known and unknown risks, uncertainties and other matters which may cause the actual results, performance, or achievements of Servidyne, Inc. to be materially different from any future results, performance, or uncertainties expressed or implied by such forward-looking statements. Factors affecting forward-looking statements in this release include, without limitation, the factors identified under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended April 30, 2009, as updated from time to time in the Company’s Quarterly Reports on Form 10-Q. Servidyne, Inc. does not undertake to update these forward-looking statements.