
Solar Integrator Designation Makes Exergetic Energy Eligible Bidder for $75 Million Federal Work
DETROIT, Sept. 7, 2011 /PRNewswire/ -- Exergetic Energy, Inc. (EEI) (Pinksheets: XNGR), an integrated energy supply company, is pleased to announce its recent designation as a solar integrator by the Department of Justice's FPI/UNICOR Program. The designation not only will make EEI eligible to bid on federal work, but also will allow it to purchase competitively-priced solar panels for customers.
Exergetic Energy specializes in providing energy solutions for businesses and governments. Its early roots are in renewable energy, designing, installing and maintaining solar photovoltaic systems. This year, the company broadened its reach and expanded into nonrenewable energy with the purchase of Specialized Services, a 20-year-old company that optimizes fuel use and supplies fuel to businesses.
Elevated into a premier tier of energy companies, Exergetic Energy is now placed in a small field of businesses able to bid on $75 million worth of federal work. Further funding is possible as well, particularly if the solar integration does what it should and saves money in the long run.
"A lot of the (federal) construction contracts are in solar design," Clarence McCollum, chairman and CEO, explained. And unlike many of the chosen solar companies, Exergetic Energy is not simply a construction firm. Its team of experienced scientists and engineers can design a system that meets challenges in the environment or construction.
Hurricane Irene illustrated a point made by McCollum in a blog issued by SmallCapVoice.com.
"Hurricane zones are a major issue," McCollum said. "If you don't anchor the panels correctly, they can become projectiles on roofs in a storm. In construction, cities are highly condensed and the HVAC system takes up most of the roof space. We have to design around that." Where these challenges are present for federal projects, only companies with specific experience in certain geographic regions are allowed to bid out of the small pool of designees. "We could be the sole-source bidder depending on the location and complexity of the project," said McCollum.
About Exergetic Energy, Inc.
Exergetic Energy, Inc. is a full service energy supply company that is focused on reducing its customers Carbon Footprint. The company's strengths are core engineering and research within the renewable energy sector. With the acquisition of SSI, Exergetic Energy, Inc. is working on capitalizing on both the renewable and non-renewable energy supply business sectors. Located in Detroit's Tech Town, EEI develops, markets, and manufactures low cost components for energy systems, while providing clients with "Energy Solutions of Tomorrow, Today…"
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations include, but are not limited to revenues and earnings, technology efficacy, strategies, and plans are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact: Vanessa Newton
Exergetic Energy Investor Relations
[email protected]
(313) 309-4169
www.exergeticenergy.com
440 Burroughs Street, Suite 386
Detroit, MI 48202
Contact for SmallCapVoice.com:
Stuart T. Smith
512-267-2430
[email protected]
SOURCE Exergetic Energy, Inc.
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