Key Developments For Servidyne, Inc.
Servidyne, Inc. (SERV.O) (Consolidated Issue listed on NASDAQ Global Market)
Servidyne, Inc. To Enhance Energy Efficiency Of Langley Air Force Base
Servidyne, Inc. announced that it has entered into a contract with Tesoro Corporation to provide lighting and daylight controls at Langley Air Force Base. The Company will integrate the energy efficient devices in nearly 80 buildings at the United States military facility located in Hampton, Virginia. The contract is being funded by the American Recovery and Reinvestment Act of 2009 (ARRA). The Company will install approximately 6,000 lighting controls in the base`s buildings, as well as daylight harvesting controls in two of the buildings. Upon project completion, it is estimated that the U.S. Air Force will reduce its yearly consumption of electricity at the base by more than 1 million kWh, and as a result eliminate nearly 2 million pounds of CO2 emissions from the atmosphere, which is equivalent to taking more than 100 cars off the road or saving nearly 225 acres of trees. The Company anticipates completing its work at Langley by March 2010, and expects the project to generate revenues of approximately $800,000.
Servidyne, Inc. Declares Quarterly Dividend
Servidyne, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.01 per share payable on October 12, 2009, to shareholders of record on September 25, 2009.
Servidyne, Inc. Declares Quarterly Dividend
Servidyne, Inc. announced that its Board of Directors has declared a cash dividend in the amount of $0.02 per share payable on July 8, 2009, to shareholders of record on June 18, 2009.
Servidyne, Inc. Declares Quarterly Dividend; Authorizes Share Repurchase Program
Servidyne, Inc. announced that its Board of Directors has declared a cash dividend in the amount of $0.02 per share, the Company’s 119th consecutive quarterly dividend, payable on April 16, 2009, to shareholders of record on March 31, 2009. Additionally, the Company also announced that the its Board of Directors has reauthorized the repurchase of up to 100,000 shares of the Company's common stock during the twelve-month period beginning March 6, 2009, and ending March 5, 2010. Any such purchases, if made, could be in the open market at prevailing prices or in privately negotiated transactions.
Servidyne, Inc. Declares Quarterly Dividend, Increases Stock Buyback Authorization
Servidyne, Inc. announced that the Board of Directors declared a cash dividend in the amount of $.038 per share, the Company’s 118th consecutive quarterly dividend, payable on January 2, 2009, to shareholders of record on December 17, 2008. In addition, the Company announced that the Board of Directors has increased the authorization to repurchase the Company’s common stock to 100,000 shares during the twelve-month period ending March 5, 2009. Prior to this action, the Company's maximum buyback authorization was 50,000 shares. The Company has acquired approximately 32,000 shares at an average cost of $3.12 per share under the original authorization approved by the Board in March 2008.
