Servidyne to Enhance the Energy Efficiency of Langley Air Force Base

October 6, 2009 11:09 AM EDT

Tesoro selects Servidyne to fulfill MACC federal contract; project part of ARRA

ATLANTA--(BUSINESS WIRE)-- SERVIDYNE, INC. (Nasdaq: SERV), a building performance efficiency and real estate company, announced today that it has entered into a contract with Tesoro Corporation to provide lighting and daylight controls at Langley Air Force Base. Servidyne will integrate the energy efficient devices in nearly 80 buildings at the United States military facility located in Hampton, Virginia. The contract is being funded by the American Recovery and Reinvestment Act of 2009 (ARRA).

Servidyne will install approximately 6,000 lighting controls in the base's buildings, as well as daylight harvesting controls in two of the buildings. Upon project completion, it is estimated that the U.S. Air Force will reduce its yearly consumption of electricity at the base by more than 1 million kWh, and as a result eliminate nearly 2 million pounds of CO2 emissions from the atmosphere, which is equivalent to taking more than 100 cars off the road or saving nearly 225 acres of trees. Servidyne anticipates completing its work at Langley by March 2010, and expects the project to generate revenues of approximately $800,000.

The Company was awarded the project by Tesoro after a competitive bid process, and will perform the work under Tesoro's federal Multiple Award Construction Contract (MACC). Servidyne's wide array of energy reduction services aligns well with the federally-funded energy efficiency initiatives.

"Lighting controls typically reduce lighting usage by thirty to sixty percent depending on occupancy," explains Todd Jarvis, President, Servidyne Systems, LLC. "Servidyne is in full support of the federal government's energy efficiency goals. This controls integration project at Langley will not only reduce the Air Force's energy costs, but also will lower greenhouse gas emissions. We are experts at helping others achieve their energy reduction goals by using technology to increase building efficiency, and as a result we often are called upon to perform this type of work."

Servidyne has substantial experience enhancing the building performance of numerous federal, state, and local government agencies and jurisdictions. Langley Air Force Base is one of many U.S. military facilities where Servidyne has helped optimize energy efficiency and enhance sustainability. The Company anticipates performing additional energy savings projects in the near future at other military bases and government facilities.

About Tesoro

Tesoro Corporation is a wholly-owned subsidiary of Tetra Tech Inc., a leading provider of consulting, engineering, and technical services worldwide. Tesoro is a Hampton Roads-based construction services firm with a proven track record of success, particularly in design-build project delivery for federal clients including the U.S. Air Force, U.S. Navy, U.S. Coast Guard, and other federal government entities.

Tesoro provides construction management and other construction services to build and repair facilities in support of military construction programs, military transformation initiatives, and the U.S. Department of Defense's Base Realignment and Closure (BRAC) activities. The firm has supported the construction and rehabilitation of military headquarters, administrative facilities, operational facilities, training facilities, barracks, family housing, dining facilities, personnel support facilities, industrial facilities, and piers. Tesoro is headquartered in Virginia Beach, Virginia. (757) 518-8491. For more info, please visit the company's web site at www.TesoroCorp.com.

About Servidyne

Established in 1925, Servidyne, Inc. is headquartered in Atlanta, Georgia, and operates globally through its wholly-owned subsidiaries. Servidyne Systems, LLC, is a wholly owned subsidiary of Servidyne, Inc., and is the operating company that provides energy efficiency solutions to its customers. Servidyne Systems, LLC goes to market under the name Servidyne. The Company provides comprehensive energy efficiency solutions, sustainability programs, and other products and services that significantly enhance the operating and financial performance of existing buildings. Servidyne enables customers to cut energy consumption and realize immediate cost savings across their portfolios, while reducing greenhouse gas emissions and improving the comfort and satisfaction of their buildings' occupants. The Company serves a broad range of markets in the United States and internationally, including corporate, commercial office, hospitality, gaming, retail, industrial, distribution, healthcare, government, multi-family and education. Servidyne also engages in commercial real estate investment and development. The Company currently owns or controls shopping centers in the Southeast and Midwest and office properties in metropolitan Atlanta. For more information about Servidyne, please visit www.servidyne.com or call 770-953-0304.

Certain statements contained in this news release are forward-looking statements within the meaning of federal securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other matters, including the risks and uncertainties set forth under the heading "Risk Factors" in the Company's periodic reports filed with the Securities and Exchange Commission, any of which may cause the actual results, performance or achievements of Servidyne, Inc. to be materially different from any past or future results, performance, or uncertainties expressed or implied by such forward-looking statements. Without limitation, statements in this press release that are forward-looking include the potential benefits of integrating lighting and daylight harvesting controls, the estimated annual reduction in electricity consumption, the estimated volume of greenhouse gas emissions to be eliminated from the atmosphere, the Company's expectations regarding the completion date of the project, the Company's expectations regarding the revenues to be generated by the project, and the Company's anticipation of performing additional energy savings projects in the near future at other military bases and government facilities. Servidyne, Inc. does not undertake to update these forward-looking statements.

    Source: Servidyne, Inc.

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