ABM Charters Energy Technology Unit to Drive Innovation, Efficiency and Savings

Published on Thursday, 09 February 2012 11:08 Written by TradersHuddle Staff

NEW YORK-( Business Wire )-

ABM Industries Incorporated (NYSE:ABM), a leading provider of integrated facility solutions, today announced that the Company has formally chartered ABM Energy to implement energy technologies that are designed to reduce clients’ energy consumption and operating costs and to meet the growing demand within the green and sustainable building market.

In establishing the new unit, ABM expands its existing commitment to client-focused energy solutions for building owners and operators in North America and various international locations. ABM offers clients in multiple industries guaranteed energy savings through a range of innovative financial and technical solutions that, over time, cover the costs of clients’ investment. The Company successfully retrofits commercial, government, industrial, health care, educational and other facilities to help produce the guaranteed energy savings, reduce environmental impact and comply with government regulations. ABM significantly enhanced its capabilities with the 2010 acquisition of The Linc Group, a premier provider of technical building solutions.

ABM Energy will work across all of the Company’s businesses to identify and deploy technologies and solutions that drive energy efficiency and sustainability – from state-of-the-art building improvements and electric vehicle charging stations to renewable energy sources and cogeneration systems. William Maurer, an industry leader with two decades of experience in delivering energy efficiency solutions, will serve as the Senior Vice President of ABM Energy. Through the course of his career, Maurer has helped clients realize hundreds of millions of dollars in energy-related savings. He will report to Tracy K. Price, ABM’s Executive Vice President and President, ABM Facility Solutions.

Price said: “There is enormous focus and demand for energy independence and sustainability taking place across the globe. ABM Energy will enhance our leadership in innovative, technology-driven energy solutions. We have an exceptional track record where 100% of our bundled energy solutions clients can reference the quality and results of our work. ABM Energy is the natural outgrowth of our success in delivering energy solutions over the past two decades, and positions us to better assist clients in navigating through the myriad of energy efficiency solutions in the marketplace. Bill Maurer has a demonstrated track record of success within our organization and I am confident he will be an outstanding leader of our energy solutions business.”

About ABM Industries Incorporated

ABM Industries Incorporated (NYSE:ABM), which operates through its subsidiaries (collectively "ABM"), is a leading provider of integrated facility services. With fiscal 2011 revenues of approximately $4.2 billion and nearly 100,000 employees, ABM provides commercial cleaning and maintenance, facility engineering, energy efficiency, parking, security and landscaping services for thousands of commercial, industrial, government and retail clients across the United States and various international locations. ABM's business services include ABM Janitorial Services, ABM Facility Services, ABM Engineering Services, Ampco System Parking and ABM Security Services. For more information, visit www.abm.com.

ABM Industries IncorporatedMedia:Tony Mitchell, 212-297-9828tony.mitchell@abm.comInvestors & Analysts:David Farwell, This e-mail address is being protected from spambots. You need JavaScript enabled to view it.