ELK GROVE VILLAGE, Ill., June 2, 2009 (GLOBE NEWSWIRE) -- Lime Energy (Nasdaq:LIME), a provider of specialized energy efficiency assessments and solutions, has been selected by Lockheed Martin as one of the contractors to inventory interior and exterior facility lighting systems, identify energy-efficient replacement opportunities, recommend a standard lighting approach, and outline energy and financial savings, as well as rebates associated with the implementation of facility capital upgrades.
Lime will be performing the assessments in the United States, under the direction of the corporation's Energy, Environment Safety and Health Department.
"We are pleased to be working with the world's leading global security company and believe our integrated approach to improving efficiency, reducing carbon emissions and operating costs matches Lockheed Martin's energy and environmental objectives," said Pradeep Kapadia, Director, Lime Energy Business Development. "Lime Energy's primary mission is to enable our customers to improve their operational effectiveness, while managing volatile energy costs. In collaboration with Lockheed Martin's team, we are also working to enable the corporation to achieve one of their primary goals -- reducing the environmental impact resulting from operating major manufacturing, office and other facilities."
About Lime Energy
Lime Energy is a leading provider of energy efficiency solutions that enable our clients to reduce their energy-related expenditures and the impact of their energy use on the environment. Our clients include commercial and industrial businesses, property owners and managers and energy service companies serving government and educational institutions. Our core Energy Efficiency Services business provides energy engineering and consulting services as well as the development and implementation of energy efficiency lighting upgrade services, mechanical and electrical conservation services, water conservation services and renewable energy solutions. 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 2009 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.