Servidyne, Inc. (SERV) Signs Record $8.7M Energy Efficiency Contract
Servidyne, Inc., the 85-year veteran in facility energy use optimization, sustainability, and improvement of overall building efficiency, announced an $8.7M contract (estimated total revenue upon completion) with a major U.S. retailer yesterday. The contract calls for SERV to systematically overhaul the energy-use profile of some 600 stores and distribution centers beginning immediately, with a projected completion window of 12-24 months. This contract signifies the start of a strategic partnership between the two companies, which both anticipate will continue for 2-3 years (pending future negotiations) as the customer has expressed a desire to apply the efficiency overhaul program to its entire…