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Program to Reduce Homeowner Energy Bills, Alleviate Pressure on Energy Supply, and Improve Air Quality
Fairfax, Virginia,
January 25, 2007 - ICF International (Nasdaq: ICFI) announced today that it was awarded Edison's California New Homes Program, a two-year, US$1.9 million recompete contract with Southern California Edison. The program’s goal is to create high-performance homes that will lower homeowner energy bills while simultaneously reducing the strain on California energy supplies and improving local air quality.
“We look forward to supporting Southern California Edison on this essential program, employing our proven success in implementing highly cost-effective residential energy efficiency programs and our portfolio of advisory services and implementation tools to successfully reduce energy costs and consumption for southern California residents,” said Mike Mernick, senior vice president at ICF and an expert in energy efficiency.
The program will encourage homebuilders to install energy-efficient technologies in new home construction and construct homes that exceed California's energy efficiency standards for new construction by a minimum of 15 percent, which qualifies the homes to be certified as ENERGY STAR®. ICF will be providing program design and implementation support including recruiting homebuilders, providing technical support, and promoting the benefits of energy-efficient new home construction through outreach.
ICF International (Nasdaq: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security 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 analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 2,000 employees serve these clients worldwide. ICF’s Web site is http://www.icfi.com.
For Immediate Release
Contact: Douglas Beck
1.703.934.3820
Contact: Lynn Morgen
MBS Value Partners
1.212.750.5800
This document may contain “forward-looking statements”—that is, statements related to future—not past—events, plans, and prospects. In this context, forward-looking statements may address matters such as our expected future business and financial performance, and often contain words such as “guidance,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For ICF, particular uncertainties that could adversely or positively affect the Company’s future results include: risks related to the government contracting industry, including possible changes in government spending priorities; risks related to the Company’s business, including its dependence on contracts with U.S. Federal Government agencies and departments and continued good relations, and being successful in competitive bidding, with those customers; performance by ICF and its subcontractors under a major contract with the State of Louisiana, Office of Community Development; uncertainties as to whether revenues corresponding to the Company’s contract backlog will actually be received; strategic actions, including the ability to make acquisitions and the performance and future integration of acquired businesses; risk associated with operations outside the United States; and other risks and uncertainties disclosed in the Company’s filings with the Securities and Exchange Commission. These uncertainties may cause ICF’s actual future results to be materially different than those expressed in the Company’s forward-looking statements. ICF does not undertake to update its forward-looking statements.
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