Willdan Selected as City of Palmdale’s Consultant for New Innovation and Smart City Program
Willdan Group, Inc. (NASDAQ: WLDN) has been chosen as the City of Palmdale's consultant for a new Innovation and Smart City Program. The three-year contract involves Willdan leading efforts to develop innovative solutions and smart city initiatives. Key aspects of the program include:
1. Developing scopes for alternative technology and innovative energy projects
2. Identifying funding sources for infrastructure challenges
3. Applying, testing, and evaluating new ideas in real environments
Potential projects encompass energy technologies, public safety smart technology, connectivity, health and safety, mobility, alternative energy, complex development, and water. Palmdale's Mayor, Austin Bishop, emphasized the city's commitment to balancing small-town values with innovation. Willdan's CEO, Mike Bieber, highlighted the company's expertise in working with cities and municipal infrastructure for over 60 years.
Willdan Group, Inc. (NASDAQ: WLDN) è stata scelta come consulente della città di Palmdale per un nuovo Programma di Innovazione e Smart City. Il contratto triennale prevede che Willdan conduca gli sforzi per sviluppare soluzioni innovative e iniziative per città intelligenti. I principali aspetti del programma includono:
1. Sviluppo di ambiti per progetti tecnologici alternativi e innovativi nel settore energetico
2. Identificazione delle fonti di finanziamento per le sfide infrastrutturali
3. Applicazione, test e valutazione di nuove idee in ambienti reali
I progetti potenziali comprendono tecnologie energetiche, tecnologie smart per la sicurezza pubblica, connettività, salute e sicurezza, mobilità, energie alternative, sviluppo complesso e acqua. Il sindaco di Palmdale, Austin Bishop, ha sottolineato l'impegno della città per equilibrare i valori di una cittadina con l'innovazione. Il CEO di Willdan, Mike Bieber, ha evidenziato l'esperienza dell'azienda nel lavorare con le città e le infrastrutture pubbliche per oltre 60 anni.
Willdan Group, Inc. (NASDAQ: WLDN) ha sido elegida como consultora de la ciudad de Palmdale para un nuevo Programa de Innovación y Ciudad Inteligente. El contrato de tres años implica que Willdan liderará los esfuerzos para desarrollar soluciones innovadoras e iniciativas de ciudad inteligente. Los aspectos clave del programa incluyen:
1. Desarrollo de ámbitos para proyectos tecnológicos alternativos e innovadores en el sector energético
2. Identificación de fuentes de financiación para los desafíos de infraestructura
3. Aplicación, prueba y evaluación de nuevas ideas en entornos reales
Los proyectos potenciales abarcan tecnologías energéticas, tecnologías inteligentes de seguridad pública, conectividad, salud y seguridad, movilidad, energía alternativa, desarrollo complejo y agua. El alcalde de Palmdale, Austin Bishop, enfatizó el compromiso de la ciudad de equilibrar los valores de un pueblo pequeño con la innovación. El CEO de Willdan, Mike Bieber, destacó la experiencia de la compañía en trabajar con ciudades e infraestructura municipal durante más de 60 años.
Willdan Group, Inc. (NASDAQ: WLDN)는 팔페일 시의 혁신 및 스마트 시티 프로그램에 대한 컨설턴트로 선정되었습니다. 이 3년 계약은 Willdan이 혁신적인 솔루션과 스마트 시티 이니셔티브를 개발하는 노력을 이끌 주 내용이 포함되어 있습니다. 프로그램의 주요 사항은 다음과 같습니다:
1. 대체 기술 및 혁신적인 에너지 프로젝트에 대한 범위 개발
2. 인프라 문제에 대한 자금 출처 식별
3. 실제 환경에서 새로운 아이디어 적용, 테스트 및 평가
잠재적인 프로젝트는 에너지 기술, 공공 안전 스마트 기술, 연결성, 건강 및 안전, 이동성, 대체 에너지, 복잡한 개발 및 물이 포함됩니다. 팔페일 시장인 오스틴 비숍은 작은 마을의 가치와 혁신을 조화롭게 이행하려는 도시의 의지를 강조했습니다. Willdan의 CEO인 마이크 비버는 60년 이상 동안 도시 및 시정 인프라와 작업해온 회사의 전문성을 강조했습니다.
Willdan Group, Inc. (NASDAQ: WLDN) a été choisie comme conseillère de la ville de Palmdale pour un nouveau Programme d'Innovation et de Ville Intelligente. Le contrat de trois ans implique que Willdan dirigera les efforts pour développer des solutions innovantes et des initiatives de ville intelligente. Les principaux aspects du programme incluent :
1. Développement des champs pour des projets technologiques alternatifs et innovants dans le secteur de l'énergie
2. Identification des sources de financement pour les défis d'infrastructure
3. Application, test et évaluation de nouvelles idées dans des environnements réels
Les projets potentiels comprennent des technologies énergétiques, des technologies intelligentes pour la sécurité publique, la connectivité, la santé et la sécurité, la mobilité, l'énergie alternative, le développement complexe et l'eau. Le maire de Palmdale, Austin Bishop, a souligné l'engagement de la ville à équilibrer les valeurs d'une petite ville avec l'innovation. Le PDG de Willdan, Mike Bieber, a mis en avant l'expertise de l'entreprise dans le travail avec les villes et les infrastructures municipales depuis plus de 60 ans.
Willdan Group, Inc. (NASDAQ: WLDN) wurde als Berater der Stadt Palmdale für ein neues Innovations- und Smart-City-Programm ausgewählt. Der dreijährige Vertrag sieht vor, dass Willdan die Bemühungen zur Entwicklung innovativer Lösungen und Initiativen für intelligente Städte leitet. Zu den wichtigsten Aspekten des Programms gehören:
1. Entwicklung von Rahmenbedingungen für alternative Technologie- und innovative Energieprojekte
2. Identifikation von Finanzierungsquellen für infrastrukturelle Herausforderungen
3. Anwendung, Test und Bewertung neuer Ideen in realen Umgebungen
Potenzielle Projekte beinhalten Energietechnologien, intelligente öffentliche Sicherheitstechnologien, Konnektivität, Gesundheit und Sicherheit, Mobilität, alternative Energien, komplexe Entwicklung und Wasser. Der Bürgermeister von Palmdale, Austin Bishop, betonte das Engagement der Stadt, die Werte einer Kleinstadt mit Innovation in Einklang zu bringen. Der CEO von Willdan, Mike Bieber, hob die Expertise des Unternehmens in der Zusammenarbeit mit Städten und kommunalen Infrastrukturen seit über 60 Jahren hervor.
- Secured a three-year contract with the City of Palmdale
- Opportunity to leverage expertise in energy and municipal services
- Potential for multiple project implementations across various sectors
- None.
Insights
This contract with the City of Palmdale represents a strategic move for Willdan, leveraging their expertise in municipal services and energy solutions. The three-year program focuses on innovative and smart city development, potentially opening doors to multiple revenue streams across various sectors including energy, public safety and water management.
While the immediate financial impact may be , the long-term potential is significant. This partnership positions Willdan as a key player in the growing smart city market, estimated to reach
Investors should note that this type of consulting work typically has higher margins compared to traditional engineering services. However, the revenue recognition might be slower and more spread out over the contract duration. The diverse scope of potential projects aligns well with Willdan's multidisciplinary approach, potentially leading to cross-selling opportunities and expanded service offerings.
“The City of Palmdale is building a future for residents that honors small-town values while also providing innovation as we grow,” said
“We’re pleased to partner with a city that is dedicated to becoming a leader in sustainability,” said Mike Bieber, Willdan’s CEO. “This contract allows our team to leverage our knowledge of working with cities and municipal infrastructure for more than 60 years. Our expertise in economic development, implementation, energy, engineering, and advanced technologies will support comprehensive projects that are both visionary and financially practical.”
About the
The
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, energy policy planning and advisory, 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 29, 2023. 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/20241021459172/en/
Al Kaschalk
Vice President
310-922-5643
akaschalk@willdan.com
Source: Willdan Group, Inc.
FAQ
What is the duration of Willdan's contract with the City of Palmdale for the Innovation and Smart City Program?
What are some potential project areas for Willdan's Innovation and Smart City Program in Palmdale?
How will Willdan (WLDN) assist the City of Palmdale in this new program?
Who is the Mayor of Palmdale mentioned in relation to Willdan's (WLDN) new contract?
