ELK GROVE VILLAGE, Ill., May 20, 2008 (PRIME NEWSWIRE) -- Lime Energy (Nasdaq:LIME) announced today that they have completed the Energy Analysis Project (EAP) study for a Fortune 500 Food Service company to analyze their consumption patterns and identify areas where they can further reduce energy consumption in their retail stores. Lime Energy has completed a statistical analysis of the electrical consumption at several thousand store locations, normalized the data, and selected 19 stores for a six-month monitoring phase. Every piece of equipment that consumes electricity in these select stores was monitored every 15 minutes for a six month period, and the data analyzed for potential energy savings. Feasible energy efficiency and conservation measures were then detailed and quantified in the second phase for implementation which meets the customer's financial and environmental sustainability goals.
"This project shows the depth and breadth of Lime Energy's capabilities," stated David Asplund, Chief Executive Officer of Lime Energy. "Lime Energy was selected to provide this company with data, analysis and recommendations on exactly how to reduce their energy use so as to reduce their environmental footprint. We are honored they selected our firm to provide this engineering study and look forward to helping them implement the recommendations," concluded Mr. Asplund.
About Lime Energy
Lime Energy is one of the nation's leading energy efficiency technology and engineering companies. Lime brings together more than 75 years of experience in design, engineering and installation of energy efficient solutions providing customers with guaranteed saving results and high returns on invested capital. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
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 2007 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.