World Energy Streamlines Strategic Procurement for World's Third Busiest
Airport; Online Auction Delivers Major Cost Savings, Fair and Transparent
DFW INTERNATIONAL AIRPORT, TX and WORCESTER, MA, June 12 /CNW/ - World
Energy Solutions, Inc. (NASDAQ: XWES; TSX: XWE), an operator of online
exchanges for energy and green commodities, today announced Dallas/Fort Worth
International Airport (DFW), the world's third busiest airport, has
successfully executed a new electricity and green energy contract through the
World Energy Exchange(R).
World Energy conducted the competitive procurement event on May 26, 2009,
running multiple online auctions that provided DFW price discovery for various
product structures, term lengths, rates and mixes of traditional and green
energy. As a result, and supplemented by months of procurement process
expertise and market intelligence the firm provided, World Energy helped DFW
secure a term electricity contract for nearly 300,000,000 kWh annually,
beating its prior rate while adding 20% renewable energy to its mix. Delivery
begins March 1, 2010.
"Energy is an 8-figure annual investment at DFW," said Rusty Hodapp, LEED
AP Vice President, DFW International Airport. "We worked very closely with
World Energy on this strategic procurement and are delighted with the results.
In World Energy, we found an experienced partner who helped streamline our
complex procurement process and delivered a highly competitive event, one
marked by its fairness and transparency to all participating bidders."
Added Phil Adams, President and COO of World Energy: "Our successful
engagement with DFW International Airport is a major win for World Energy in
the State of Texas. We commend DFW for adopting a technology-based approach to
buying energy, one that spurred vigorous competition among suppliers,
delivered breakthrough pricing, and facilitated a significant investment in
renewable energy. We appreciate the opportunity DFW has afforded World Energy
to further demonstrate the value of our people, processes and platform."
About DFW International Airport
Located halfway between the cities of Dallas and Fort Worth, Texas, DFW
International Airport is the world's third busiest, offering nearly 1,750
flights per day and serving 57 million passengers a year. DFW has been named
"Best Airport for Customer Service in North America" by an Airports Council
International survey of passengers in 2006 and 2007. DFW International Airport
provides non-stop service to 134 domestic and 37 international destinations
worldwide. For the latest news, real-time flight information, parking
availability or further details regarding the many services provided at DFW
International Airport, log on to www.dfwairport.com.
About World Energy Solutions, Inc.
World Energy (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
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:
For further information: Investor Relations, Phil Adams, World Energy
Solutions, Inc., (508) 459-8100, email@example.com; or Craig Armitage,
The Equicom Group, (416) 815-0700 x278, firstname.lastname@example.org; Media
Relations, Dan Mees, World Energy Solutions, Inc., (508) 459-8156,