World Energy Streamlines Strategic Procurement for World's Third Busiest Airport; Online Auction Delivers Major Cost Savings, Fair and Transparent Process
DFW INTERNATIONAL AIRPORT, TX and WORCESTER, MA , June 12 /PRNewswire-FirstCall/ - 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 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.
SOURCE World Energy Solutions, Inc.