Siemens Government Technologies, Inc., an operating unit of
), recently secured a $5.3 million task order to install and
implement energy-conserving enhancements at the U.S. Coast Guard
Base in Elizabeth City, N.C. from the United States Coast Guard.
The project will be funded by the energy savings guaranteed by
Siemens as it will use an Energy Savings Performance Contract
(ESPC) from the Department of Energy.
Siemens is committed to ensure energy savings and infrastructure
upgrades for the U.S base. Over the 14-year contract term, the
energy conservation upgrades include heating improvements,
installation of a building automation system across the base and
water conservation measures, thereby reaping annual energy
savings of $540,000.
This project is expected to reduce electricity consumption on
the base by more than 1.1 million kilowatt hours annually and at
the same time eliminate 78,000 gallons of fuel use and 32,000
gallons of liquid propane use annually.
Siemens continues to deliver innovative technological solutions
for its customers. It aims to provide solutions that give the
maximum operational benefit to its clients. The water
conservation initiatives are expected to save over 3 million
gallons of water, which is equivalent to reducing carbon dioxide
emissions by more than 3.7 million pounds annually.
Siemens focuses on key areas like information services,
automation and controls, medical equipment, power generation,
transportation systems, automotive electronics, lighting, and
other similar areas. Given its product breadth and geographic
diversity, the company is a major beneficiary of increased
spending as developing nations build up their infrastructure.
Siemens currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth a look are
SL Industries Inc.
), carrying a Zacks Rank #1 (Strong Buy), and
) and K
), both carrying a Zacks Rank #2 (Buy).
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