ELK GROVE VILLAGE, Ill., July 29, 2010 (GLOBE NEWSWIRE) -- Lime Energy (Nasdaq:LIME) announced that it has been awarded a contract to provide energy efficiency and uninterrupted power (UPS) for Los Angeles County Metro Transit Authority. Lime Energy will refurbish interior lighting, install energy efficient lighting upgrades in parking lots and outdoor areas, and install new uninterruptable power supply equipment. The new lighting will save energy and will meet the needs of MTA by providing a brighter environment around the stations. The new UPS batteries will improve the capability to meet emergency loads in case of a power interruption.
"This project is a good example of how a transportation system can reduce operating costs," said Dan Parke, President of Lime Energy. "Transportation systems are very energy intensive, and operators are striving to reduce energy costs in order to stretch their budgets. We are honored to win this contract to help the MTA realize their goal of less energy consumption and energy cost per passenger trip."
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities' energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
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FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "hope," "intends," "estimates," "plan," "should," "typical," "preliminary," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2010 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those described in Lime Energy's most recent Annual Report on Form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated here by reference.