ELK GROVE VILLAGE, Ill., April 6, 2009 (GLOBE NEWSWIRE) -- Lime Energy Co. (Nasdaq:LIME) is pleased to announce that Mr. Adam Procell recently joined the Company as President of Energy Consulting and Technical Services. In this new position, Mr. Procell will lead Lime's engineering division, guide strategic planning efforts that will enable the Company's expansion into new markets, and help the Company capitalize on the nation's unprecedented focus on energy efficiency and renewable energy.
Mr. Procell is a veteran of the energy efficiency industry, with more than 20 years of experience in energy efficiency, renewable energy, sustainability and the building construction industry. He comes to Lime following 12 years with AECOM Energy, part of AECOM (NYSE:ACM), where he most recently served as the National Director of Energy Efficiency & Carbon Management.
With responsibility for strategic planning and business development, Mr. Procell led the development of AECOM's Energy Services (ESCO) business and facilitated the growth of this organization across both geographic and vertical market expansion, serving institutional, government, utility, commercial and industrial clients. During Mr. Procell's tenure at AECOM Energy, this group developed or managed over $2 billion worth of energy efficiency, renewable energy and sustainability programs.
Mr. Procell currently serves as the Chairman of the National Association of Energy Services Companies (NAESCO). He has been active in working with public officials to develop regulations and legislation in the areas of energy efficiency, renewable energy and sustainability. He has participated in a variety of working groups and committees on energy and sustainability, and he speaks frequently at industry gatherings and conferences.
"We are delighted that Adam has joined the Lime Energy team at this most significant and exciting point in our Company history," stated John O'Rourke, COO of Lime Energy. "Clearly, we are excited to have such a talented, dynamic individual with his remarkable track record of vision and leadership in the energy services industry. Adam's experience in working at all levels of government and industry will greatly enhance our leadership in energy efficiency and renewable energy solutions. We look forward to Adam's contribution and believe that attracting some of America's best sustainability talent helps deliver the message to our customers, service providers, and shareholders that Lime Energy is well positioned in this exciting and growing industry."
"I am happy to join Lime at such a pivotal time for energy efficiency and renewable energy in the United States," stated Adam Procell. "I look forward to working with Lime's senior management and employees to help create the largest and most recognized industry-leading efficiency and renewable energy company. Lime embraces the principles of sustainability which are critical to success in the green economy that we are moving into, and I believe that the Company has as strong a platform as any firm to capitalize on the opportunities which this economy presents."
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy's clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. 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," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," 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 the remainder of 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include whether we will be able to find a buyer for our energy technology division at a price acceptable to us, successfully negotiate an acquisition agreement with a buyer and close any acquisition agreed to and those risk factors 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.