Willdan Awarded $7.5 Million Project for Plant Upgrades at New York Multifamily Building Cooperative
Willdan Group, Inc. (NASDAQ: WLDN) announced today that the Amalgamated Housing Cooperative (Amalgamated) selected Willdan to
implement a $7.5 million central plant upgrade project in New York. The project includes a new combined heat and power system that
will deliver emergency power during blackouts, provide new opportunities for revenue, and enable the facility to participate in
demand response activities. The two-year contract follows Willdan’s investment grade audit of Amalgamated’s boilers and steam
distribution system, which serve 1,487 units across eleven multistory buildings.
“This project restores resiliency to our central plant, giving our residents continuous heat even when the electric grid
experiences outages,” said Charles Zsebedics, Amalgamated’s General Manager.
The project includes the design and construction of a new boiler plant, the removal of three 70-year-old boilers, the design and
installation of two new dual fuel high pressure steam boilers with stack economizers and advanced boiler controls, and the
installation of a 152 kW combined heat and power system. Willdan will redesign steam pressure and plant controls to better match
building requirements and reduce operating costs and energy consumption.
About Amalgamated Housing Cooperative (Amalgamated)
Established in 1927, Amalgamated is the oldest limited equity housing cooperative in the United States. Amalgamated is located
in Bronx, New York, and is now home to nearly 1,500 families in eleven buildings. The Amalgamated mission is to provide quality
housing and a strong community for people of moderate income. To operate and live in accordance with the cooperative ideals,
including democratic governance, shared responsibility, constant education, and mutual respect.
About Willdan
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and
private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions,
energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information,
visit Willdan's website at
www.willdan.com.
Forward-Looking Statements
Statements in this press release that are not purely historical, including statements regarding Willdan's intentions, hopes,
beliefs, expectations, representations, projections, estimates, plans or predictions of the future are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and
uncertainties including, but not limited to, the risk that Willdan will not be able to expand its services or meet the needs of
customers in markets in which it operates. It is important to note that Willdan’s actual results could differ materially from those
in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited
to, Willdan’s ability to adequately complete projects in a timely manner, Willdan’s ability to compete successfully in the highly
competitive energy efficiency services market, changes in state, local, and regional economies and government budgets, Willdan’s
ability to win new contracts, to renew existing contracts (including with its two largest customers) and to compete effectively for
contract awards through bidding processes and Willdan’s ability to successfully integrate its acquisitions and execute on its
growth strategy. Willdan’s business could be affected by a number of other factors, including the risk factors listed from time to
time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on
Form 10-K filed for the year ended December 29, 2017. Willdan cautions investors not to place undue reliance on the forward-looking
statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any
forward-looking statements in this press release.
Willdan Group, Inc.
Stacy McLaughlin
Chief Financial Officer
714-940-6300
smclaughlin@willdan.com
or
Investor/Media Contact
Financial Profiles, Inc.
Tony Rossi, 310-622-8221
trossi@finprofiles.com
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