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TMCNet:  PowerSecure Files to Renew Expiring Shelf Registration Statements and Register Shares for Recent Solais Lighting Acquisition

[April 29, 2013]

PowerSecure Files to Renew Expiring Shelf Registration Statements and Register Shares for Recent Solais Lighting Acquisition

WAKE FOREST, N.C. --(Business Wire)--

PowerSecure International, Inc. (Nasdaq: POWR) today announced it has filed to renew its current shelf registration statements on Forms S-3 and S-4 with the U.S. Securities and Exchange Commission (SEC (News - Alert)). The company does not have any current plans to raise capital under the renewed shelf registration statements.

The Form S-3 registration statement, once declared effective by the SEC, will register and facilitate the resale of 675,160 shares of common stock that were issued in connection with the company's recent acquisition of Solais Lighting, Inc. to the stockholders of Solais.

In addition, the Form S-3 registration statement, a universal shelf registration statement, is intended to replace the company's expiring universal shelf registration statement and, once declared effective by the SEC, will provide the company with the ability to offer up to $70 million of securities, including common stock, preferred stock, warrants and units, from time to time and through various methods of distribution.

The Form S-4 registration statement, an acquisition shelf registration statement, is intended to replace the company's expiring acquisition shelf registration statement and, once declared effective by the SEC, will allow the company to issue up to 2,500,000 shares of its common stock from time to time as consideration in acquisitions.

The renewal of these registration statements provides the company with continued flexibility to issue registered equity securities to finance future growth opportunities from time to time.

Registration statements relating to these securities have been filed with the SEC, but have not yet become effective. The specific terms of any future offering under either registration statement would be established at the time of the offering and would be described in a prospectus supplement filed with the SEC as required. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualifcation under the laws of any such state or jurisdiction. Any offering of the securities covered under either shelf registration statement will be made solely by means of the prospectus included in the registration statement and any applicable prospectus supplement that may be issued with respect to any offering.

About PowerSecure

PowerSecure International, Inc. is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), energy efficiency and utility infrastructure. The company is a pioneer in developing IDG® power systems with sophisticated smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes and 3) provide customers with the most dependable standby power in the industry. Its proprietary distributed generation system designs utilize a range of technologies to deliver power, including renewables. The company's energy efficiency business develops energy efficient lighting technologies that improve the quality of light, including its proprietary EfficientLights® LED lighting products for grocery, drug and convenience stores, and its SecureLite area light and PowerLite street lights for utilities and municipalities. PowerSecure also provides electric utilities with transmission and distribution infrastructure maintenance and construction services, and engineering and regulatory consulting services. Additional information is available at www.powersecure.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to the outlook for the company's future revenues, earnings, margins, cash resources and cash flow and other financial and operating information and data; the company's future business operations, strategies and prospects; any future issuance of securities discussed in this press release; and all other statements concerning the plans, intentions, expectations, projections, hopes, beliefs, objectives, goals and strategies of management, including statements about other future financial and non-financial items, performance or events and about present and future products, services, technologies and businesses and the reported transaction; and statements of assumptions underlying the foregoing.

Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, those risks, uncertainties and other factors identified from time to time in the company's most recent Annual Report on Form 10-K, as well as in subsequent filings with the Securities and Exchange Commission, including reports on Forms 10-Q and 8-K. Accordingly, there can be no assurance that the results expressed, projected or implied by any forward-looking statements will be achieved, and readers are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements in this press release speak only as of the date hereof and are based on the current plans, goals, objectives, strategies, intentions, expectations and assumptions of, and the information currently available to, management. The company assumes no duty or obligation to update or revise any forward-looking statements for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise.


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