General Dynamics Land Systems Makes Strategic Energy Purchases through World
Energy
Industrial Leader "Greens" Energy Portfolio, Procures Electricity via Online Auctions
STERLING HEIGHTS, MI and
The new 24-month electricity contract commenced
"World Energy was instrumental in helping us get to market quickly, solicit competitive supply, and secure a new energy contract before Michigan's cap on switching to third-party supply was reached," said
Added
To date, World Energy has run competitive electricity procurement events for multiple General Dynamics divisions, including General Dynamics Land Systems, General Dynamics Armament and Technical Products (GDATP), and Bath Iron Works.
About General Dynamics
General Dynamics (NYSE: GD), headquartered in Falls Church, Va., employs approximately 92,300 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at www.gd.com.
About World Energy Solutions, Inc.
World Energy (NASDAQ: XWES; TSX: XWE) operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, and green-energy assets who are impacted by today's volatile markets, World Energy's proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. Its award-winning World Green Exchange(R) supports the ground-breaking Regional Greenhouse Gas Initiative's (RGGI) cap and trade program for CO(2) 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: our revenue is 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; we depend on a small number of key energy consumers, suppliers and channel partners; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.
For further information: Investor Relations, Phil Adams, World Energy Solutions, Inc., (508) 459-8100, [email protected]; or Craig Armitage, The Equicom Group, (416) 815-0700 x278, [email protected]; Media Relations, Dan Mees, World Energy Solutions, Inc., (508) 459-8156, [email protected]
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