ICF International Awarded $7.4M Energy Efficiency Contract by U.S. Based Utility
Firm Will Design and Implement Residential and Commercial Energy-Efficiency Programs
Fairfax, Virginia, August 20, 2009 -
ICF Resources, LLC, a subsidiary of ICF International, Inc. (NASDAQ:ICFI), was recently awarded a new contract with another U.S. based utility to develop and implement energy efficiency programs for its residential and commercial customers. The three-year agreement was awarded in August 2009 and is valued at $7.4 million. This is the third major energy efficiency contract awarded to the firm this summer.
ICF is one of the foremost designers and implementers of energy efficiency (EE) and demand-side management (DSM) programs in the world. Through its years of involvement in nationally significant implementation projects with utilities and other clients, the firm has developed an unsurpassed delivery infrastructure for EE and DSM programs.
“We have established strong working relationships with important customer groups, state regulatory commissions, government and energy officials, and key trade allies, as well as with manufacturers and distributors for ready access to major energy-saving technologies,” said Mike Mernick, ICF senior vice president and energy efficiency expert. “ICF’s ability to bring the full spectrum of turnkey support to our work is a major consideration for our clients.”
ICF will draw on these relationships and its long-term experience to develop and execute a strategic plan for the utility’s residential and commercial energy-efficiency programs, which will incorporate appliance replacement and ENERGY STAR® components for existing homes and new construction, including low-income communities, as well as a small commercial prescriptive program.
“ICF has extensive experience providing end-to-end services to utilities and government agencies,” continued Phil Mihlmester, ICF senior vice president for Energy, Climate, and Transportation. “We are deeply committed to helping our clients meet complex energy-efficiency challenges with innovative solutions.”
About ICF International
ICF International (NASDAQ:ICFI) partners with government and commercial clients to deliver professional services and technology solutions in the energy and climate change; environment and infrastructure; health, human services, and social programs; and homeland security and defense markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from research and analysis through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,500 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.
Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; and our ability to acquire and successfully integrate businesses. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the “Risk Factors” section of our securities filings with the Securities and Exchange Commission, most recently our quarterly report on Form 10-Q for the quarter ended June 30, 2009. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.