2014 News

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PowerSecure International, Inc. at Southwest IDEAS Investor Conference  (Replay)
11/20/14 at 10:00 a.m. CT

Below is a list of all press releases for the selected calendar year.


News Archive
DateTitle 
11/13/14PowerSecure To Present At Upcoming Investor Conference
WAKE FOREST, N.C., Nov. 13, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) announced today that the company will present at the Southwest IDEAS Investor Conference at the Marriott – Quorum Hotel in Addison, Texas at 10:00 a.m. CT on Thursday, November 20, 2014. A link to audio webcast of the presentation will be available on the Investor Relations section of the company's web site at www.powersecure.com. About PowerSecure PowerSecure International, Inc. is a leading p... 
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11/10/14PowerSecure Realigns Leadership Team To Strengthen Operational Focus And Enhance Profitabilty Of Expected Growth
--Management realignment sharpens focus on revenue and profit growth without adding headcount-- WAKE FOREST, N.C., Nov. 10, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR), today announced it has strengthened and realigned its leadership team to increase efficiency, enhance profitability and drive operational excellence, as the company is positioned for significant potential revenue growth in 2015 and the coming years. "We are excited to announce this strengthened lead... 
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11/05/14PowerSecure Reports Third Quarter 2014 Results
WAKE FOREST, N.C., Nov. 5, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today reported its third quarter 2014 results. Highlights include: Third quarter 2014 revenues of $65.0 million Gross margin of 27.8 percent GAAP EPS of ($0.02) Record backlog grows to $360 million LED gross margins expand by 13 percentage points year-over-year to 39.2 percent "The third quarter represents another quarter of strong progress in our execution with exceptional energy effi... 
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10/31/14PowerSecure Adds $15 Million In New Business
WAKE FOREST, N.C., Oct. 31, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced it has been awarded approximately $13 million of new distributed generation (DG) business and approximately $2 million of new utility infrastructure (UI) business. The $13 million in new DG business awards include a $9 million solar project and approximately $4 million of DG projects which include an expansion of service for an existing hospital customer, a DG solution for a federal ... 
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10/22/14PowerSecure To Announce 2014 Third Quarter Results On Wednesday, November 5, 2014
WAKE FOREST, N.C., Oct. 22, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced that it will release third quarter financial results for 2014 after the market closes on Wednesday, November 5, 2014. Company management will webcast a conference call at 5:30 p.m. ET on Wednesday, November 5, 2014. To access the live webcast, please log on to the investor section of the company's website at http://www.powersecure.com. The call can also be accessed by dialing 888-... 
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10/15/14PowerSecure Adds $25 Million In New Business
WAKE FOREST, N.C., Oct. 15, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced it has been awarded approximately $14 million of new distributed generation (DG) business, approximately $9 million of new utility infrastructure (UI) business and approximately $2 million of new energy efficiency (EE) business. The $14 million in new DG business awards include approximately $9 million of projects for a variety of retail, healthcare, industrial and utility customers,... 
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10/14/14PowerSecure Expands Data Center Capabilities With Acquisition Of PDI Data Center Business
--PowerSecure to host conference call Tuesday, October 14 at 8:30 am ET-- WAKE FOREST, N.C., Oct. 14, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced it has acquired the data center energy services business of Power Design, Inc. (PDI). This business provides full turnkey electrical infrastructure design, implementation and commissioning service to data center owners. Under the purchase agreement, PowerSecure paid PDI $13 million in cash, with the potent... 
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09/26/14PowerSecure Adds $25 Million In New Utility Infrastructure And Energy Efficiency Business
WAKE FOREST, N.C., Sept. 26, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced it has been awarded approximately $13 million of new utility infrastructure (UI) business and approximately $12 million of new energy efficiency (EE) business. The $13 million in new UI business awards include more than $10 million of new transmission projects with new utility customers in the Midwest and Southwest, including one of the largest investor-owned utilities in the countr... 
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09/04/14PowerSecure Names Eric Dupont Executive Vice President, Finance And Administration
--Chris Hutter to leave PowerSecure for another opportunity following filing of third quarter 2014 financial statements-- WAKE FOREST, N.C., Sept. 4, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced that the company's board of directors has appointed Eric Dupont as executive vice president, finance and administration, effective immediately. Chris Hutter will be leaving the company for another opportunity, but will remain chief financial officer (CFO) unt... 
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08/06/14PowerSecure Reports Second Quarter 2014 Results
WAKE FOREST, N.C., Aug. 6, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today reported its second quarter 2014 results. Highlights include: Second quarter 2014 revenues of $57.1 million Gross margin of 25.1 percent GAAP EPS of ($0.12)  Record backlog grows to $349 million "The significant new business we have won recently has driven our backlog to an all-time high of $349 million and provides us with an outstanding foundation for 2015," said Sidney Hinton, c... 
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07/30/14PowerSecure Adds $25 Million In New Utility Infrastructure Business
WAKE FOREST, N.C., July 30, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced it has been awarded approximately $25 million of new utility infrastructure (UI) business. The new business awards include distribution work for a new utility customer in the Western United States, additional assignments to provide electric infrastructure for an existing energy customer to support their oil and natural gas operations and a variety of new projects with other new and e... 
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07/28/14PowerSecure Awarded First Distributed Generation Project With ESCO Customer
WAKE FOREST, N.C., July 28, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced that a large energy services company (ESCO) customer has placed an order for a distributed generation (DG) solution that will deliver cost and energy savings, and reliable backup power, to a large federal prison in the Midwest.  This award represents the first PowerSecure Energy Efficiency Services (EES) project that has included a DG solution. "This win represents a very significant... 
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07/24/14PowerSecure To Present At Upcoming Investor Conferences
WAKE FOREST, N.C., July 24, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) announced today that the company will present at three upcoming investor conferences. The 3rd Annual Needham Advanced Technologies Conference at Needham's offices in New York City at 11:30a.m. ET on Thursday, August 7, 2014. The Canaccord Genuity 34th Annual Growth Conference at the InterContinental Hotel in Boston at 2:30 p.m. ET on Wednesday, August 13, 2014. The Jefferies 2014 Global Industr... 
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07/23/14PowerSecure Adds $140 Million In New Distributed Generation Business
WAKE FOREST, N.C., July 23, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced it has been awarded approximately $140 million of new distributed generation (DG) business. The $140 million in new DG business includes $120 million of new utility-scale solar projects, including a major award from one of the largest investor-owned utilities in the U.S. to provide two large-scale solar installations.  PowerSecure expects to recognize approximately half of the re... 
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07/23/14PowerSecure To Announce 2014 Second Quarter Financial Results On Wednesday, August 6, 2014
WAKE FOREST, N.C., July 23, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced that it will release second quarter financial results for 2014 before the market opens on Wednesday, August 6, 2014. Company management will webcast a conference call at 8:30 a.m. ET on Wednesday, August 6, 2014. To access the live webcast, please log on to the investor section of the company's website at http://www.powersecure.com. The call can also be accessed by dialing 888-680... 
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06/25/14PowerSecure And Major Utility Customer Successfully Improve Terms Of Service
WAKE FOREST, N.C., June 25, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced that it has successfully modified the service arrangement with one of its major utility customers to improve the terms of its ongoing service.  The modifications include adjustments to pricing, work assignments, and expected improvements in the ongoing scope of work. Based on these improvements, and the new mix of work expected to be allocated to PowerSecure, PowerSecure believes thes... 
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06/24/14PowerSecure To Vigorously Defend Against Proposed Class Action Lawsuits
WAKE FOREST, N.C., June 24, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced that it intends to vigorously defend against the claims made in securities class action lawsuits filed last month against the company and two of its officers. PowerSecure has reviewed the complaints and views the allegations as meritless. Barry Kaplan of Wilson Sonsini Goodrich & Rosati will serve as lead defense counsel for PowerSecure and its officers.  Michael Smith of King &am... 
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05/07/14PowerSecure Reports First Quarter 2014 Results
WAKE FOREST, N.C., May 7, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today reported its first quarter 2014 results. First quarter 2014 revenues of $52.8 million GAAP gross margin decreases to 20.9 percent percent driven by utility infrastructure revenue and gross margin shortfalls, non-GAAP gross margin decreases to 21.5 percent (see reconciliation, below) GAAP EPS of ($0.19), non-GAAP EPS of ($0.17) (see reconciliation, below) Company provides 2014 near-term f... 
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04/28/14PowerSecure To Present At Baird 2014 Growth Stock Conference
WAKE FOREST, N.C., April 28, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) will present at the Baird 2014 Growth Stock Conference at the Four Seasons Hotel Chicago at 9:45 a.m. CT/10:45 a.m. ET on Thursday, May 8, 2014. A link to an audio webcast of the event will be available on the Investor Relations section of the company's web site at www.powersecure.com. About PowerSecure PowerSecure International, Inc. is a leading provider of utility and energy technologie... 
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04/25/14PowerSecure Adds More Than $20 Million In New Business
WAKE FOREST, N.C., April 25, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced it has been awarded approximately $23 million of new business. The new business awards include approximately $14 million of new distributed generation (DG) business, approximately $5 million in new energy efficiency (EE) sales and approximately $4 million of additional utility infrastructure (UI) business. The $14 million in new DG awards include $8 million of new turnkey sales... 
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04/23/14PowerSecure To Announce 2014 First Quarter Results On Wednesday, May 7, 2014
WAKE FOREST, N.C., April 23, 2014 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced that it will release first quarter financial results for 2014 after the market closes on Wednesday, May 7, 2014. Company management will webcast a conference call at 5:30 p.m. ET on Wednesday, May 7, 2014. To access the live webcast, please log on to the investor section of the company's website at http://www.powersecure.com. The call can also be accessed by dialing 888-679-801... 
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03/18/14PowerSecure’s Encari Launches New Comprehensive NERC CIP Version Five Indices to Assist Utilities
WAKE FOREST, N.C.--(BUSINESS WIRE)--Mar. 18, 2014-- PowerSecure International, Inc. (NYSE: POWR) today announced that its Encari division has developed and launched comprehensive indices of topics related to the version five North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) Cyber Security Standards in order to assist utilities in understanding and complying with these important and complex new cyber security ... 
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03/14/14PowerSecure Honors Stan Timblin
WAKE FOREST, N.C.--(BUSINESS WIRE)--Mar. 14, 2014-- PowerSecure International, Inc. (NYSE: POWR) today honors the memory of Stan Timblin, who joined PowerSecure in 2001, retired from the company as senior vice president in 2013 and passed away this week at the age of 77. “Stan Timblin will be remembered as an amazing man who embodied all that PowerSecure is and aspires to be. He was intelligent, hard-working, full of integrity, generous, h... 
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03/10/14PowerSecure Reports Fourth Quarter and Full Year 2013 Results
—57.4 percent revenue growth in fourth quarter concludes year of record revenues — —$248 million backlog represents all-time high— —Full year 2013 revenue growth is 66.8 percent, with 45.2 percentage points driven by organic growth— —Full year 2013 net income up 43.3 percent to $4.4 million, adjusted EBITDA up 97.0 percent to $22.1 million y-o-y (see non-GAAP reconciliation, below)— WAKE FOREST, N.C.--(BUSINESS W... 
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02/24/14PowerSecure to Present at the 26th Annual Roth Conference
WAKE FOREST, N.C.--(BUSINESS WIRE)--Feb. 24, 2014-- PowerSecure International, Inc. (NYSE: POWR) will present at the 26th Annual ROTH Conference at the Ritz-Carlton, Laguna Niguel, CA at 10:00 a.m. PT/1:00 p.m. ET on Tuesday, March 11, 2014. A link to an audio webcast of the event will be available on the Investor Relations section of the company's web site at www.powersecure.com. About PowerSecure PowerSecure International... 
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02/24/14PowerSecure to Announce 2013 Fourth Quarter and Full-Year Financial Results on Monday, March 10, 2014
WAKE FOREST, N.C.--(BUSINESS WIRE)--Feb. 24, 2014-- PowerSecure International, Inc. (NYSE: POWR) today announced that it will release fourth quarter and full-year financial results for 2013 after the market closes on Monday, March 10, 2014. Company management will webcast a conference call at 5:30 p.m. ET on Monday, March 10, 2014. To access the live webcast, please log on to the investor section of the company's website at http://www.powersecure... 
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02/20/14PowerSecure Adds $20 Million in New Business
WAKE FOREST, N.C.--(BUSINESS WIRE)--Feb. 20, 2014-- PowerSecure International, Inc. (NYSE: POWR) today announced it has been awarded approximately $20 million of new business. The new business awards include approximately $7 million of new turnkey distributed generation (DG) business, approximately $7 million of additional utility infrastructure (UI) business and approximately $6 million in new energy efficiency (EE) sales. The $7 ... 
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02/13/14PowerSecure Deploys 350 Electricity Crew Members and Readies Backup Power for Customers as Ice Storm Hits Southeastern United States
WAKE FOREST, N.C.--(BUSINESS WIRE)--Feb. 13, 2014-- PowerSecure International, Inc. (NYSE: POWR) today announced that the company has, at the request of its utility partners, dispatched approximately 350 electricity crew members and equipment, including line crews, engineers and damage assessment teams, to assist with the restoration of electric service following the severe winter storm moving through Southeastern United States. In additio... 
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02/10/14PowerSecure Provides Record Level of Load Relief and Backup Power for Utility and Commercial Customers During Cold and Stormy January
WAKE FOREST, N.C.--(BUSINESS WIRE)--Feb. 10, 2014-- PowerSecure International, Inc. (NYSE: POWR) today announced that the company’s distributed generation solutions were called on by utilities 171 times during January 2014 to take a total of 1,283 megawatts of hospital, data center, industrial, retail, military, municipal and grocery store load off the grid and onto generator power to insure the reliable supply of electricity due to the high demand for p... 
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01/28/14PowerSecure Customers Prepared with Backup Power as Winter Storm Approaches Southern U.S.
WAKE FOREST, N.C.--(BUSINESS WIRE)--Jan. 28, 2014-- PowerSecure International, Inc. (NYSE: POWR) today announced that the company has nearly 600 hospital, data center, industrial, retail, military, municipal and grocery store customers in the path of Winter Storm Leon, who are protected with PowerSecure Interactive Distributed Generation® (IDG®) systems to provide backup power in the event the storm disrupts electric service from the utility grid. ... 
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01/06/14PowerSecure Adds $50 Million in New Business
WAKE FOREST, N.C.--(BUSINESS WIRE)--Jan. 6, 2014-- PowerSecure International, Inc. (NYSE: POWR) today announced it has been awarded approximately $50 million of new business. The new business awards include approximately $24 million of new turnkey distributed generation (DG) business, approximately $2 million of additional utility infrastructure (UI) business and approximately $24 million in new energy efficiency (EE) sales. The $2... 
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