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[Bobwins]

Damn, I wish you hadn't found that article. I owned Metretek at $3 right after the NYC blackout. Held for about a year and gave up. Profits weren't high enough. Now $18 and its subsidiary is supplying the Publix generators. Bobwins

Metretek's PowerSecure Subsidiary Receives Record $75 Million in Orders
Thursday March 2, 6:30 am ET


DENVER--(BUSINESS WIRE)--March 2, 2006--Metretek Technologies, Inc. (AMEX:MEK - News) announced that its PowerSecure, Inc. subsidiary has received verbal orders from a large existing customer for distributed generation and switchgear projects that are anticipated to generate revenues of approximately $75 million in the aggregate during 2006 and 2007.
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The orders are subject to the finalization of payment terms and other standard purchasing conditions, as well as the completion and execution of definitive documentation. Due to a confidentiality agreement with the customer, details of the projects are not being provided at this time.

"This award represents both a tremendous achievement and an exciting opportunity, and it would not have been possible without the customer's prior experience with the terrific people we are privileged to have on the PowerSecure team," said Sidney Hinton, president and chief executive officer of PowerSecure. "Our business has been blessed with wonderful customers, valued suppliers, and exceptionally talented and dedicated employees, who together have enabled us to bring to the marketplace highly innovative and competitive solutions. This award, combined with other orders we have announced in recent weeks, clearly validates the market's growing interest in our solutions and services."

According to W. Phillip Marcum, president and chief executive officer of Metretek, the $75-million award is not only the largest ever received by PowerSecure, it is also by far the largest ever received in the history of Metretek. "Current indications are that as much as 1/3 of the revenues will be realized in 2006, resulting in a substantial backlog going into 2007. We will update our revenue guidance for 2006 when we have a better sense of the likely effect of this and other recently announced orders on this year's business," said Marcum.

Distributed generation involves the design and construction of electric generation equipment and controls directly within a commercial or industrial customer's facility. The onsite equipment provides the customer's facility with supplemental and backup power generation capacity, and, in many cases, may also provide the customer with stable power quality and a real-time means by which to mitigate electricity price spikes such as those currently being seen across the country.

Metretek Technologies, Inc. through its subsidiaries -- PowerSecure, Inc.; Metretek, Incorporated; and Southern Flow Companies, Inc. -- is a diversified provider of energy technology products, services and data management systems to industrial and commercial users and suppliers of natural gas and electricity.