Spartech Expects to Cut Over $1 Million in Energy Costs With World Energy Solutions
2012年5月22日 - 9:00PM
Marketwired
World Energy Solutions, Inc. (NASDAQ: XWES), a fast-growing energy
management services firm, today announced it has won a new three
year energy management contract with Spartech Corporation (NYSE:
SEH), a leading producer of plastic sheet, compounds and packaging
solutions. The contract encompasses a broad swath of sustainability
and transactional services intended to help Spartech lower its
energy commodity costs, reduce energy consumption, and maximize
available grid and utility incentives, such as demand response and
efficiency rebates.
In the first three months of the engagement, World Energy has
leveraged its deep energy-market expertise and extensive supplier
network to successfully procure electricity and renewable energy
for Spartech facilities in Maryland, New York, Ohio and Texas.
These online procurements, executed after careful analysis of the
Spartech portfolio and in accordance with an Opportunity Assessment
developed by World Energy on the Company's behalf, are expected to
deliver over $1 million in savings over Spartech's prior
contracts.
"World Energy's approach to energy management represents a big
improvement for us, and the results are speaking for themselves,"
said Victoria Holt, President & CEO of Spartech Corporation.
"Not only has World Energy delivered a plan for seven-figure
savings to our organization -- and begun executing upon it in short
order -- but it has done so in some markets where we had been told
limited opportunities existed. We are benefitting from World
Energy's process and market expertise, their ability to create
liquidity and transact in multiple geographies, and the transparent
manner in which they operate.
"Spartech is committed to its Vision of becoming the leading
supplier of sustainable plastic solutions by minimizing our impact
upon the environment by reducing material consumption, adopting
cleaner processes and pursuing more efficient use of energy. World
Energy serves as a good partner in this important endeavor, helping
us move closer to realizing this Vision."
Added Richard Domaleski, CEO of World Energy Solutions: "By
keeping our focus on delivering value to our customers, we have
established an unmatched track record that resonates from the
C-suite of the Fortune 100 to the owners and operators of small and
mid-sized businesses. There is so much more that companies can be
getting from energy management, but they need to be working with
the right provider, one who has their best interests in mind and
the skill to get the most from the market on their behalf. We
appreciate the opportunity to collaborate with Spartech to meet
their energy management and sustainability goals, while driving
down their total cost of energy."
Throughout 2012, World Energy will be rolling out bill-payment
services for Spartech, conducting efficiency work, and executing
additional electricity and natural gas procurements across the
country. For more information on how World Energy helps customers
lower their total cost of energy, please see the following video:
http://www.worldenergy.com/videos-demos/making-energy-easy-again/
About Spartech Corporation Spartech
Corporation is a leading producer of plastic products, including
polymeric compounds, concentrates, custom extruded sheet and
rollstock products and packaging solutions for a wide spectrum of
customers. The Company's three business segments, which operate 33
facilities in the United States, Mexico, Canada and France,
annually process approximately 1 billion pounds of plastic resins,
specialty plastic alloys, and color and specialty compounds.
Additional information can be found at www.spartech.com.
About World Energy Solutions, Inc. World
Energy Solutions, Inc. (NASDAQ: XWES) is an energy management
services firm that brings together the passion, processes and
technologies to take the complexity out of energy management and
turn it into bottom-line impact for the businesses, institutions
and governments we serve. To date, the Company has transacted more
than $30 billion in energy, demand response and environmental
commodities on behalf of its customers, creating more than $1
billion in value for them. World Energy is also a leader in the
global carbon market, where its World Energy Exchange® supports the
ground-breaking Regional Greenhouse Gas Initiative's (RGGI) cap and
trade program for CO2 emissions. For more information, please visit
www.worldenergy.com.
This press release contains forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ from those indicated in the forward-looking statements.
Such risks and uncertainties include, but are not limited to the
following: our revenue and backlog are dependent on actual future
energy purchases pursuant to completed procurements; the demand for
our services is affected by changes in regulated prices or
cyclicality or volatility in competitive market prices for energy;
and there are factors outside our control that affect transaction
volume in the electricity market. Additional risk factors are
identified in our Annual Report on Form 10-K and subsequent reports
filed with the Securities and Exchange Commission.
For additional information, contact: Dan Mees World Energy
Solutions, Inc. (508) 459-8156 Email Contact Erika Moran The
Investor Relations Group (212) 825-3210 Email Contact
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