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The shares of Servidyne (NASDAQ: SERV) jumped nearly 43 percent today after announcing that work on its Georgia .8 million project started. Center
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Home> Money> Day Trading> shares Servidyne? (NASDAQ: SERV) jumped nearly 43 percent today after announcing that he work on its .8 million Georgia project started mid-shares Servidyne (NASDAQ: SERV) leaped nearly 43 percent today after announcing that work on its .8 million project started mid-Georgia | Posted.. October 22, 2010 | Comments: 0 |]]> Wed Servidyne shares (NASDAQ: SERV) leaped nearly 43 percent today after announcing that he started work on its Georgia .8 million project in mid day trading. , shares of Servidyne had something delivered to the ground at 0.81 per share on heavy volume of 300,000 shares compared to the average daily volume of only 4,000 shares. This easily traded has a market capitalization. just over million and a 52-week range between .53 and .24.
Servidyne announced that its work on an approximately .8 million design-build-Retro-commissioning (RCX) project for the Georgia Department of Corrections (GDC) under a contract with the Georgia Environmental Finance Authority (GEFA). The project is the second largest of the 135 energy efficiency projects by the GEFA state as a result of receiving .1 million through the American Recovery and Reinvestment Act (ARRA) coordinates. After Completion of the State estimates that this project RCx Georgia will save taxpayers more avoided than one million per year energy costs.
Servidyne engineers will immediately begin the process to identify the audit more than 170 buildings on 60 GDC sites in order to prioritize and the energy savings that can be achieved through retro-commissioning. Servidyne is then the energy savings at work around 5.64 million square meters GDC facilities in the next 12 to 15 months, with the help of local entrepreneurs and other small businesses.
“Servidyne was awarded this project in August, as we in our most recent SEC Form 10-Q quarterly report says, and there is a significant order for our company on many levels,” said Alan R. Abrams, Servidyne chairman and CEO. “First and foremost it is a great honor and opportunity, and we are pleased by GEFA were selected on the basis of our entrepreneurial experience and expertise. It is also an important and ambitious undertaking for our home state, and we believe It is a of the nation’s largest retro-commissioning projects currently in progress deal. These energy savings project, dozens of entrepreneurs, and should a number of small businesses in the state will benefit. “Retro-commissioning is the systematic process of assessing and then improving the overall energy efficiency will be carried out of existing building systems. upgrades and modifications during LCx projects, the optimization of building controls, restoration of buildings and systems to their original settings, the optimization of HVAC systems and reduce water consumption Facilities include. The focus of the RCX is to be determined at low cost to improve energy efficiency opportunities that offer short and simple financial repayments.
Founded in 1925 and is Servidyne, Inc. in Atlanta, Georgia resident and operates globally through its wholly owned subsidiaries. The company provides comprehensive energy efficiency and demand response solutions, sustainability programs and other products and services that significantly enhance the operational and financial performance of existing buildings.
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