Metretek Technologies to Change Its Name to PowerSecure International, Inc.

  
    
  
  
    
      Metretek Technologies, Inc. (AMEX:MEK) announced that effective August 
      22, 2007, it will change its name to PowerSecure International, Inc.
    
    
      "In effectively adopting the name of PowerSecure, our largest 
      subsidiary," said Sidney Hinton, president and chief executive officer, 
      "we point to the fact that the company is now predominantly in the 
      business of providing Interactive Distributed Generation® 
      systems to a vast and growing market of commercial and industrial users 
      of electricity. Moreover, our new name directly reflects the Company’s 
      unswerving commitment to help utilities and their customers manage 
      energy usage through distributed generation and load curtailment, and to 
      find new and better ways to use energy more efficiently."
    
    
      The Company further announced that its shares have been approved for 
      listing on the NASDAQ Global Select Market under the symbol "POWR." 
      Concurrent with the name change, the NASDAQ listing is expected to be 
      effective with the opening of the market on August 22.
    
    
      "In addition to providing better liquidity for existing and prospective 
      investors," added Hinton, "the move to NASDAQ will, we believe, enhance 
      the Company’s exposure and its ability to 
      attract new investors."
    
    
      About Metretek Technologies:
    
    
      Metretek Technologies, Inc. through its subsidiaries -- PowerSecure, 
      Inc.; Southern Flow Companies, Inc.; and Metretek, Incorporated 
      (Metretek Florida) -- is a diversified provider of energy measurement 
      products, services and data management systems to industrial and 
      commercial users and suppliers of natural gas and electricity.