CBD Energy Efficiency Subsidiary Parmac Awarded 8 Projects Valued at $1.1MM

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Oct 06, 2014, 09:05 ET

SYDNEY, Oct. 6, 2014 /PRNewswire/ -- CBD Energy Limited (NASDAQ: CBDE), a diversified clean energy company and leading global provider of solar systems, announced today that its Australian based energy efficiency subsidiary, Parmac Air Conditioning & Mechanical Services, was awarded eight projects valued at $1.1MM in September. Project work has already commenced and majority of the projects will be completed by the end of the year.

CBD Energy Logo (PRNewsFoto/CBD Energy Limited) (PRNewsFoto/CBD Energy Limited)

These projects include an oxygen tank enclosure at Epworth Hospital, Richmond, the installation of new-ducted efficient HVAC systems at Monash College, Melbourne, and mechanical services work at Dexus Property Group and Cox Architecture in Melbourne. As part of the agreements, Parmac will also earn ongoing operations and maintenance fees.

Mr. Gerry McGowan, CBD's Executive Chairman and Managing Director, stated, "We are very pleased with the continued sales growth of our energy efficiency and mechanical services business. This strengthens our current project pipeline and we expect to continue this managed growth throughout the financial year 2014-2015. The growth in this complementary business is concurrent with the recent growth in our international residential and commercial solar business."

About CBD Energy Limited (NASDAQ: CBDE)

Established in 1989, CBD Energy Limited is a diversified renewable energy company and a global leader in solar installations. Powered by a management team with deep experience in the energy sector and strong engineering capabilities, CBDE is focused on the integration of residential solar, commercial and industrial solar, small utility scale solar and wind projects, in three principal markets - Australia, the United Kingdom and the United States. CBDE markets its residential and commercial solar installations under the name Westinghouse Solar, using the WESTINGHOUSE^® trademark pursuant to an exclusive, long-term worldwide license.

Headquartered in Sydney, with principal regional offices in London and New York, CBDE has completed projects across four continents in Australia, Fiji, Germany, Italy, New Zealand, Thailand, the United Kingdom and the United States. CBDE has installed more than 17,000 residential systems and developed large renewable energy projects such as the 107MW wind farm in Taralga, NSW, Australia. For further information on CBD Energy Limited and Westinghouse Solar, please visit:

www.cbdenergy.com	www.westinghousesolar.com
www.westinghousesolar.com.au	www.westinghousesolar.co.uk

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The forward-looking statements in this release include statements regarding the implied value of certain contracts. Such forward-looking statements are subject to various risks, as well as those set forth in the Corporation's most recent Form F-1, as filed with the U.S. Securities and Exchange Commission (SEC), and involve assumptions, estimates, and uncertainties that reflect current internal projections, expectations or beliefs. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements contained in this news release are qualified in their entirety by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the date of this release, and CBD Energy Limited assumes no obligation to update or revise these statements unless otherwise required by law.

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SOURCE CBD Energy Limited