What is really exciting is that more contracts are coming

One contract, with Woodstone Energy, is to upgrade the lighting at a large Fortune 50 manufacturing facility which will involve the retrofit and replacement of several thousand fixtures. The other two contracts are with large National Energy Services Companies ("ESCOs"); one to upgrade a community college and the other encompasses the upgrade of several county government buildings in the Southeast. In all three of these contracts, SRC has already audited the existing facilities, inventoried their lighting systems, proposed an improved design and will now procure the materials and oversee the installations. All three contracts are expected to be completed before the end of the year.

Rob Wilson, VP of SRC, commented, "We have established ourselves as a premier lighting design and retrofit firm. That combined with our positive relationship with Woodstone Energy and other ESCOs is clearly giving us a competitive advantage in securing these contracts."

What is really exciting is that more contracts are coming. Our engineered sales proposal pipeline continues to grow. The American Recovery and Reinvestment Act stimulus money is beginning to trickle into the market and finding its way into lighting upgrade projects. As a result, we are receiving more requests for lighting upgrade proposals, most of which are coming from the public sector."

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