Premier Alliance Selected by Schneider Electric for
Premier Alliance Selected by Schneider Electric for Construction of Four 500 Kilowatt Green Load Banks
Contract Valued at $625,000 and Partially Funded by Southern California Edison's Energy Efficiency Incentive Program
CHARLOTTE, NC -- (Marketwire) -- 11/12/12 -- Premier Alliance Group, Inc., (OTCQB: PIMO) a strategic advisory, services, and solutions firm focused on providing 360 degrees Intelligence Delivery through our Knowledge Based Expertise ("KBE"), today announced that its Energy and Sustainability Division has been engaged for an engineering, procurement, and construction (EPC) project for four 500 Kilowatt Green Load Bank (GLB) installations at the Costa Mesa, CA facility of Schneider Electric (Schneider APC), a global specialist in energy management products and services. This innovative project will represent approximately $625,000 in revenue to Premier Alliance beginning October 23, 2012 and completed by May 2013.
"We are very excited to begin working with Schneider Electric and be a part of this collaboration with Southern California's Energy Efficiency Incentive Program," stated Rob Davis, Senior Vice President of Energy Services for Premier Alliance. "The fact that we were selected by a globally recognized leader in energy management and conservation is a testament to the industry knowledge and expertise Premier Alliance engineers bring to the table for all our customers. This bodes extremely well for our value proposition to become a rapidly growing solutions provider in the emerging energy and sustainability sector."
Industrial load banks are used to do load testing on electrical power sources by mimicking the operational "real" load that power source will see when put into use. The load banks being designed for this project are considered green because they are regenerative and will return a large percentage of the power back to the source rather than simply dissipating it.
Premier Alliance will assemble a team to work with Schneider APC to assist with engineering, procurement and construction of all four 500 Kilowatt Green Load Banks designated for the research area to be used for testing Schneider Electric products. In addition, partial funding for the project will come from Southern California Edison's Energy Efficiency Incentive Program.
About Premier Alliance Group, Inc. Premier Alliance Group, Inc. (OTCQB: PIMO) provides Knowledge Based Expertise ("KBE") through its strategic advisory, services, and solutions delivery capabilities. The firm provides 360 degrees Intelligence Delivery -- a holistic approach to meet client objectives -- through our Professional Services and Solutions Groups. Our focus is in the following industries today; Energy, Financial Services, Life Science and Biotechnology, Government, and Technology. We currently have two major delivery verticals of Finance and Energy capabilities driven by increased regulations and energy mandates crossing many industries. Our financial service deliveries encompass Governance, Risk & Compliance (GRC), Business Performance & Technology, and Finance & Accounting as we assist clients with Risk Management, Compliance, Mergers & Acquisitions, Organizational Effectiveness, Project Management, and Information Management. Our Energy capabilities position us as a leading provider of energy efficiency and sustainable facilities solutions. This includes the design, engineer and install of disparate solutions and technologies that enable clients to reduce their energy costs and carbon footprint. Premier Alliance is headquartered in Charlotte, NC. For more information, visit www.premieralliance.com.
Safe Harbor Statement Certain information contained in this press release may be forward-looking. Actual results might differ materially from any forward-looking statements contained in this press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Premier Alliance Group to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking.
Investor Contact: Alliance Advisors, LLC Alan Sheinwald Founder and President ASheinwald@AllianceAdvisors.net 914-669-0222
Valter Pinto Vice President Valter@AllianceAdvisors.net 914-669-0222 x201