Willdan Awarded Electric Vehicle Readiness Plan Development Contract for Merced County Association of Governments

Rhea-AI Summary

Willdan Group, Inc. (NASDAQ: WLDN) has secured a contract with the Merced County Association of Governments (MCAG) to create an 'Electric Vehicle Readiness Plan.' This plan will facilitate the development of electric vehicle charging infrastructure in the Merced region, addressing vehicle and charger selection, space availability, permitting, and electrical infrastructure. CEO Tom Brisbin noted that this contract expands Willdan's ongoing electric vehicle planning initiatives across the U.S., aligning with California's push for increased electrification. MCAG aims to prepare for the rising adoption of electric vehicles to enhance regional infrastructure.

Positive

• Awarded contract for Electric Vehicle Readiness Plan, enhancing business opportunities.
• The plan supports the implementation of EV infrastructure in the Merced region.
• Expands Willdan's electric vehicle planning services, strengthening its market position.

Negative

• None.

ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has been awarded a contract to develop the ‘Electric Vehicle Readiness Plan’ for Merced County Association of Governments (MCAG). This plan will serve as a roadmap for the implementation of electric vehicle charging infrastructure for MCAG and their member agencies including Atwater, Livingston, Gustine, and Los Banos. The scope of this contract includes planning for vehicle and charger selection, space availability, permitting, funding, utility program participation, electrical infrastructure, contracting, procurement, and construction.

“Merced County Association of Governments is excited to prepare for growing electric vehicle adoption and future infrastructure investment in the Merced region,” said Blake Dunford, MCAG’s Associate Planner. “This plan will provide key insights for transforming our region to encourage electric vehicle usage.”

“This contract expands Willdan's successful electric vehicle planning work for public agencies across the country,” said Tom Brisbin, Willdan's CEO and Chairman. “We are proud to advise Merced County and other California clients on electrification at a time when the state is experiencing rapid change in the transportation sector.”

About Merced County Association of Governments

Merced County Association of Governments (MCAG) is an association of city and county governments, with members who meet to solve regional problems such as transportation, solid waste, and air quality. MCAG was formed through a Joint Powers Authority (JPA) signed by member jurisdictions in November 1967. As a regional collaborative agency, MCAG serves in a number of transportation planning roles in Merced County based on local, state, and federal designations. These designations offer increased funding for MCAG activities throughout Merced County. Learn more at www.mcagov.org.

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 30, 2022. 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/20230403005401/en/

Al Kaschalk

VP Investor Relations

310-922-5643

akaschalk@willdan.com

Source: Willdan Group, Inc.

FAQ

What is the contract awarded to Willdan Group, Inc. for?

Willdan Group, Inc. is tasked with developing an Electric Vehicle Readiness Plan for the Merced County Association of Governments.

When was the contract for the Electric Vehicle Readiness Plan awarded?

The contract was announced on April 3, 2023.

What does the Electric Vehicle Readiness Plan include?

The plan includes vehicle and charger selection, space availability, permitting, funding, and electrical infrastructure.

How does this contract impact Willdan Group, Inc.'s business?

The contract expands Willdan's electric vehicle planning work, enhancing its service offerings and market reach.

Which regions will benefit from the Electric Vehicle Readiness Plan?

The plan will benefit the Merced region, including cities like Atwater, Livingston, Gustine, and Los Banos.