Willdan Awarded $57 Million Small Business Energy Efficiency Program

Rhea-AI Summary

Willdan Group, Inc. (NASDAQ: WLDN) has secured a $57 million contract for a three-year small business energy efficiency program across several states. The company has been providing these services since the program's launch, focusing on technical support and project implementation related to refrigeration, HVAC, and lighting upgrades.

CEO Tom Brisbin emphasized the program's role in aiding small businesses post-pandemic while contributing to reduced carbon footprints. For more details about Willdan's offerings, visit their website.

Positive

• Awarded a $57 million contract for a three-year energy efficiency program.
• Continuation of services for small businesses, enhancing their financial performance.

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• None.

ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has been awarded a three-year, $57 million contract by a utility to continue implementing a small business energy efficiency program across multiple states. Willdan has delivered this energy program since its initial launch and through multiple program expansions, providing technical services and implementing projects that include refrigeration, HVAC, water measures, and lighting upgrades.

“Small businesses have faced tremendous challenges during the pandemic,” said Tom Brisbin, Willdan’s CEO and Chairman. “This program allows us to continue improving their bottom lines through energy efficiency. Willdan is excited to support these community pillars while also lowering the carbon footprint of utilities.”

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/20221020006060/en/

Al Kaschalk

VP Investor Relations

310-922-5643

akaschalk@willdan.com

Source: Willdan Group, Inc.

FAQ

What is the recent contract Won by Willdan Group (WLDN)?

Willdan Group (NASDAQ: WLDN) was awarded a $57 million contract for a three-year small business energy efficiency program.

How long will the new contract for Willdan last?

The contract awarded to Willdan is for a duration of three years.

What services does Willdan provide under the new $57 million contract?

Under the new contract, Willdan will implement energy efficiency projects, including refrigeration, HVAC, and lighting upgrades.

How does the new contract affect small businesses?

The contract is aimed at helping small businesses improve their bottom lines through energy efficiency improvements.