Sussex County Selects ONSITE SYCOM to Aggregate County's Energy and Energy Services
Sussex County is the First Government Body to Formally Announce Intentions to Aggregate
CARLSBAD, Calif.--(BUSINESS WIRE)--June 7, 1999-- Onsite Energy Corp. dba ONSITE SYCOM Energy Corp. (''ONSITE SYCOM'') (OTC BB:ONSE) Monday annnounced that the Sussex County Board of Chosen Freeholders has chosen ONSITE SYCOM to aggregate energy and provide energy services for the county and five other government entities.
Sussex County is the first county in the state of New Jersey to formally announce aggregation plans. ONSITE SYCOM will aggregate fifty buildings; Sussex County College, Sussex County Municipal Utilities Authority and the municipalities of Sparta, Hardyston, Franklin and Vernon, which represent annual electric bills of more than $1 million.
''This partnership program with ONSITE SYCOM will help the county of Sussex be positioned to maximize cost savings associated with the coming of energy deregulation. Participation in the program has permitted an initial objective, third party review and analysis of the county's electrical utilization. By pooling together our energy needs, all of the participants should be able to benefit from a reduction in electrical rates,'' said Carmine Marchionda, county administrator.
''We are very excited over the possibility of pooling the energy needs for both the county and its individual municipalities; we anticipate that this venture will start a new cost savings initiative targeting the bottom-line for our taxpayers,'' added David Ferguson, Sparta Township Manager.
''Our mission is to save customers money and improve the quality of the environment through independent energy solutions,'' said Lynn Sutcliffe, president of ONSITE SYCOM, adding, ''We feel confident that we will be able to deliver a cost savings for the residents and businesses of Sussex County.''
ONSITE SYCOM is an independent energy services company accredited by the National Association of Energy Services Companies (under the auspices of the U.S. Department of Energy).
''Our philosophy is simple, a total energy management program produces the lowest possible bill for our clients and their constituents. It's really a combination of energy efficiency, correct billing and energy purchasing that provides the maximum benefits for municipal governments and their constituents,'' said Glenn Steiger, vice president of aggregation for ONSITE SYCOM.
ONSITE SYCOM's position and location makes it well positioned to assist New Jersey governmental entities in their efforts to take advantage of aggregation initiatives by providing these entities with the most promising avenues to allow county municipalities, residents and businesses to take advantage of lower energy rates and competition starting in August.
With main offices in Carlsbad and Somerset, N.J., and branch offices in Washington, D.C. and Topeka, Kan., ONSITE SYCOM's reach is nationwide. It has gained significant national experience in energy consulting and energy efficiency by providing aggregated energy purchasing for major trade associations and governmental agencies in California, Pennsylvania and New Jersey.
ONSITE SYCOM Energy is a comprehensive energy service company that assists its customers in reducing electricity and fuel costs by developing, designing, constructing, owning and operating efficient, environmentally sound energy projects. ONSITE SYCOM also offers a full range of professional consulting services, which include direct access planning, market assessments, business strategy and public policy analyses, utility deregulation and environmental impact/feasibility studies. It is ONSITE SYCOM's mission to save customers money and improve the quality of the environment through independent energy solutions.
Safe Harbor Statement
The preceding release contains ''forward-looking statements.'' Although ONSITE SYCOM believes the financial expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Factors that could cause it to materially differ from those statements made above include, but are not limited to, the continued performance of ONSITE SYCOM at or above historic levels, energy industry trends and ONSITE SYCOM's ability to satisfy the customer on timeliness and quality. Additional information on these and other factors that could potentially affect ONSITE SYCOM's financial results may be found in ONSITE SYCOM's filings with the Securities and Exchange Commission.
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Contact:
ONSITE SYCOM Energy Corp., Carlsbad
Richard Sperberg, 760/931-2400
E-mail: info@onsitesycom.com
S. Lynn Sutcliffe, 732/748-9600
or
Project Contact
Glenn Steiger, 732/748-4211
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