Willdan Awarded $11 Million Contract with Azusa Unified School District

Rhea-AI Summary

Willdan Group, Inc. (NASDAQ: WLDN) has been awarded an $11 million contract by Azusa Unified School District to enhance energy conservation and infrastructure across 12 campuses. The project will focus on upgrading HVAC systems, air filtration, and overall occupant comfort. The district is utilizing the Elementary and Secondary School Emergency Relief Fund to finance these improvements, aiming to boost indoor air quality and ensure safe operations for students and staff.

Positive

• Awarded $11 million contract for energy conservation and infrastructure improvements.
• Focus on enhancing HVAC systems and air filtration, contributing to occupant comfort.
• Utilization of government funding to finance improvements boosts financial stability.

Negative

• None.

ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has been selected by Azusa Unified School District to perform $11 million in energy conservation and infrastructure improvement projects. This contract improves energy efficiency and functionality in buildings across 12 campuses, focusing on improvements to HVAC systems, air filtration, and occupant comfort.

“Azusa Unified was able to leverage the Elementary and Secondary School Emergency Relief Fund,” said Latasha D. Jamal, Assistant Superintendent of Business for Azusa Unified. “With access to these funds, we can implement infrastructure upgrades that will improve indoor air quality district-wide and allow our schools to continue operating safely.”

About Azusa Unified School District

Azusa Unified School District includes ten elementary, three middle, one K-8, and three high schools, as well as an Adult School. Azusa Unified educates close to 7,000 students and encompasses 9.7 square miles of Azusa, as well as parts of Covina and unincorporated Los Angeles County. For more information, visit Azusa Unified School District’s website at https://www.azusa.org/ or follow Azusa Unified School District on Facebook and Twitter.

About Willdan

Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com.

Forward-Looking Statements

Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 31, 2021. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221103006248/en/

Al Kaschalk

VP Investor Relations

310-922-5643

akaschalk@willdan.com

Source: Willdan Group, Inc.

FAQ

What is the $11 million contract awarded to Willdan Group by Azusa Unified School District for?

The $11 million contract is for energy conservation and infrastructure improvement projects, focusing on HVAC system upgrades and air quality enhancements across 12 campuses.

How does the Elementary and Secondary School Emergency Relief Fund relate to the Willdan Group contract?

Azusa Unified School District is leveraging the Elementary and Secondary School Emergency Relief Fund to finance the $11 million improvements, which aim to enhance indoor air quality.

What are the expected outcomes of the Willdan Group's project in Azusa Unified School District?

The project aims to improve energy efficiency, occupant comfort, and indoor air quality in school buildings.

When will the infrastructure improvements by Willdan Group take place in Azusa Unified School District?

The press release does not specify the exact timeline for the infrastructure improvements.