News

EPA recognizes Servidyne as Partner of the Year for 8th time

ATLANTA – March 1, 2010 – SERVIDYNE, INC. (NASDAQ – SERV), an energy efficiency, demand response and real estate company, announced today that it has been awarded the 2010 ENERGY STAR Sustained Excellence Award by the U.S. Environmental Protection Agency (EPA) in recognition of the Company’s continued leadership in protecting the environment through energy efficiency. This is the eighth time Servidyne has been honored as an ENERGY STAR Partner of the Year, and the fourth time the Company has received the prestigious Sustained Excellence Award, unprecedented achievements for a third party service and product provider.

The ENERGY STAR Sustained Excellence Award is given annually to a select group of organizations that have exhibited an outstanding long-term commitment to energy efficiency. These winners have reduced greenhouse gas emissions by setting and achieving aggressive goals, employing innovative approaches, and showing others what can be achieved through energy efficiency. These awards recognize ongoing leadership across the ENERGY STAR program including energy-efficient products, services, and buildings in the commercial, industrial and public sectors.

“Servidyne is extremely proud to be selected for these high distinctions from the more than 17,000 organizations that participate annually in the ENERGY STAR program,” notes Alan R. Abrams, Servidyne’s Chairman, President and CEO. “To be so honored by the EPA once again is a wonderful public recognition of our ongoing commitment to help our customers cut their buildings’ utility costs and shrink their carbon footprints.”

Barry Abramson, Servidyne’s Senior Vice President, credits the Company’s employees as well as its customers for the award. “Achieving this distinction is a result of a lot of hard work and dedication. It is a team effort and testament to how much we all care about the quality of our work. Our customers have made a long term commitment to improving and maintaining the energy efficiency of their facilities, and rely on our team of employee professionals to help them identify and implement the most cost-effective and sustainable solutions.”

Last year alone, Americans with the help of ENERGY STAR saved $17 billion on their energy bills and reduced greenhouse gas emissions that were equivalent to removing 30 million vehicles from the roads.

“EPA is recognizing Servidyne with our highest ENERGY STAR award – the 2010 Sustained Excellence Award,” said Gina McCarthy, EPA Assistant Administrator for Air and Radiation. “Servidyne’s continued leadership and commitment to energy efficiency is a testament to what we can accomplish to reduce greenhouse gas emissions and protect our global environment.”

About ENERGY STAR
ENERGY STAR was introduced by the U.S. Environmental Protection Agency in 1992 as a voluntary market-based partnership to reduce greenhouse gas emissions through increased energy efficiency. Today, ENERGY STAR offers businesses and consumers energy-efficient solutions to save energy, money and help protect the environment for future generations. More than 17,000 organizations are ENERGY STAR partners committed to improving the energy efficiency of products, homes, buildings and businesses. For more information about ENERGY STAR, visit www.energystar.gov or call toll-free 1-888-STAR-YES (1-888-782-7937).

About Servidyne
Established in 1925, Servidyne, Inc. is headquartered in Atlanta, Georgia, and operates globally through its wholly–owned subsidiaries. The Company provides comprehensive energy efficiency and demand response solutions, sustainability programs, and other products and services that significantly enhance the operating and financial performance of existing buildings. Servidyne enables its 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 owners and operators of corporate, commercial office, hospitality, gaming, retail, light industrial, distribution, healthcare, government, multi-family and education facilities, as well as energy services companies and public and private utilities. Servidyne also currently owns two shopping centers in the Southeast and its corporate headquarters building in metropolitan Atlanta. For more information, 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 continuing improvement in BPE order activity for the current quarter and into the next fiscal year; the Company’s belief that a number of its customers are increasing capital spending; the Company’s ongoing receipt of positive returns from its prior investments in sales and marketing; and the Company’s expectation that it will continue to benefit from the growth in federal expenditures for energy efficiency upgrades of government facilities. 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 Company’s ability to secure adequate capital to fund the future anticipated revenue growth at the BPE Segment and the other 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.

0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *