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Znergy Awarded $1 Million Contract

Wednesday, 16 August 2017 08:30 AM

Znergy, Inc.

Topic:

Wawasee Community School Corporation in Indiana Upgrading its Six Locations to LED

TAMPA, FL / ACCESSWIRE / August 16, 2017 / Znergy Inc. (OTC PINK: ZNRG) (the "Company"), a provider of energy efficient lighting products, lighting controls and energy management solutions, today announced that Wawasee Community School Corporation has awarded Znergy a contract to upgrade its six school locations from existing lighting to energy saving LED. Znergy won a competitive bid process based on its pricing, scheduling, and commitment to service.

The contract is valued at $1 million and anticipated to be completed in time for the new school year to begin on August 25, 2017. The conversion process has already begun and, once completed, the annual utility cost savings for the six locations are predicted to be approximately 50% at current utility rates. Reducing energy use is the quickest, safest, most cost effective way to reduce the emission of greenhouse gases that accompanies the generation of electricity from fossil fuels. The conversion to LED lighting on this project reduces 1,266,211 kWh of energy use annually, and is equivalent to the energy use of 94 homes per year. Additionally, the conversion prevents 1,926,375 lbs. of CO2 from entering the environment annually.

Chief Executive Officer, Dave Baker, commented, "This is a huge win for our company as the revenue of $1 million is five times more than the approximate $200,000 revenue we did for the entire year of 2016. I am proud of our team in being recognized as the best of breed LED lighting solutions provider for Wawasee Community School Corporation."

Kevin Harrington, "The Original Shark" and Board Member said, "Join me and my friends at Znergy in making our planet greener while saving your business money every month."

About Wawasee School Corp.

The Wawasee Community Schools are located in the northern part of Kosciusko County. The school district is comprised of the communities of Milford, North Webster and Syracuse, Indiana. The citizenry live, work and play around five large lakes: Dewart, Webster, Tippecanoe, Syracuse and Wawasee. Three thousand five hundred students find their way to school each day by bus or private vehicle to take advantage of the many excellent educational programs offered by dedicated school personnel. Three elementary schools are located in Milford, North Webster and Syracuse, and each provides a solid educational beginning for students. The middle schools, containing Grades 6-8, continue student progress before the final four years at Wawasee High School. All three distinctly different levels of educational opportunities, elementary, middle school and high school, provide each student a strong foundation for adulthood.

For more information, please visit: http://www.wawasee.k12.in.us.

About Znergy, Inc.

Znergy, Inc. (OTC PINK: ZNRG) is a provider of energy efficient lighting products, lighting controls and energy management solutions. Management is executing a growth strategy through developing large regional and national accounts, rolling out sales and installation teams across the United States. Our solutions enable customers to reduce energy consumption, lower maintenance costs and realize environmental benefits. Znergy is headquartered in Tampa, Florida. For more information, please visit: www.znergyworld.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact Information

Znergy, Inc.
C. J. Floyd
(800) 931-5662
[email protected]

Hayden IR
(917) 658-7878
[email protected]

SOURCE: Znergy Inc.

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