Metro Energy Solutions Announces Contract with Loews Cineplex Entertainment

West Caldwell, NJ- June, 2003 – Metro Energy Solutions announced today it has been hired to upgrade the facility infrastructure and reduce operating costs at Loews Cineplex Entertainment Village VII Theatre in New York City, New York.  The project involves a lighting retrofit of 568 inefficient lighting fixtures with new T8 lamps and electronic ballasts, as well as new LED exit signs in place of the old incandescent exit signs.   Metro Energy Solutions is also installing a controls system for the escalators to reduce the electric consumption of the equipment. The project is estimated to save Loews Cineplex Entertainment over $53,000 per year in reduced energy costs, in addition to reducing its maintenance costs.

Loews Cineplex Entertainment contracted Metro Energy Solutions, a full-service energy services and consulting company based in West Caldwell, New Jersey, to assist them in assessing the existing mechanical and electrical equipment in the facility, and make recommendations for improvements based on cost-effectiveness.  "With electric rates in New York being one of the highest in the nation, Loews Cineplex wanted to take a pro-active approach and look for ways to reduce their operating costs. These projects have enabled Loews to accomplish their goals," stated Peter Pirrello, Metro Energy Solution's Vice President of New Account Development.  "We are pleased that one of the largest movie theatre chains in the world chose to partner with Metro Energy Solutions.  We look forward to continuing our efforts to assist Loews Cineplex Entertainment in improving their facilities."  

Metro Energy Solutions also enabled Loews Cineplex Entertainment to work with the New York State Energy and Research Development Authority (NYSERDA) to capture the available utility incentives for these projects.  NYSERDA offers many programs that offer significant financial incentives for the installation of energy efficient technologies.  Loews Cineplex self financed the project and will be able to achieve a 2.31 year payback due to the energy savings and utility incentives that Metro Energy Solutions was able to obtain for them.