ATLANTA--(BUSINESS WIRE)--SERVIDYNE, INC. (Nasdaq:SERV), a building performance efficiency and real estate company, announced today that it has started work on a major energy-efficient lighting retrofit project at the United States Navy Base in Guam. The Company is upgrading approximately 3 million square feet of the base's facilities with new interior and exterior lighting systems as part of a comprehensive, wide-ranging energy savings performance contract awarded to Johnson Controls Inc., the global multi-industrial leader in providing energy efficiency solutions. Upon completion of the lighting retrofits, it is projected that the U.S. Navy will save $825,000 annually in energy expenses at the base, and reduce its yearly consumption of electricity by more than 3 million kWh, eliminating nearly 2 million pounds of CO2 emissions from the atmosphere, which is equivalent to taking 314 cars off the road or saving 641 acres of trees. Servidyne anticipates completing its work in Guam in less than 8 months, and expects the project to generate revenues of approximately $3.1 million. The Company will be upgrading the interior lighting systems at the base with energy efficient T-8 fixtures. Street and parking lot lighting will be replaced with new energy efficient induction fixtures, and the parking lot fixtures will also incorporate automatic shut-off controls. To reduce the amount of energy consumed at the base's athletic fields, new lighting fixtures will be installed and exterior lamp wattage will be reduced. Servidyne was selected for this project based on a number of factors, including the Company's expertise in energy efficiency, its project management skills and track record of successfully compressing project timelines, and its long history of providing energy-efficiency services for many types of government facilities. The Company anticipates performing more energy savings projects in the near future at other military bases and government facilities, including projects funded through the recently-enacted $100 billion federal government initiatives to improve the energy efficiency of federal, state and local government facilities. "Servidyne has performed similar lighting retrofits and other energy efficiency projects for hundreds of government buildings, which substantially reduced energy consumption and yielded significant financial benefits for American taxpayers," said Todd Jarvis, President, Servidyne Systems, LLC. "We are proud to work with Johnson Controls and other energy services companies, organizations we have successfully partnered with over the last 15 years on numerous energy-savings projects for the federal government and a number of state and local jurisdictions. As our country struggles to recover from the current economic recession and combat the causes of global warming, it is very gratifying to know that Servidyne can be part of the solution."
