Metretek's PowerSecure Subsidiary Procures $7 Million in New Business; Master Agreement Facilitates Further Penetration of Fede

Metretek Technologies, Inc. (AMEX:MEK) reported that
its PowerSecure subsidiary has procured contracts, at a cost of
approximately $1.5 million, to provide services to federal customers
of an investor-owned utility through projects valued at approximately
$7 million in anticipated revenues to PowerSecure.
   Complementing the procurement of these contracts, PowerSecure has
entered into a master agreement with the utility that, according to
Sidney Hinton, president and CEO of the subsidiary, is designed to
facilitate the receipt of additional business with the utility's
federal customers. Although the master agreement provides no assurance
that PowerSecure will receive such business, it is, said Hinton, an
important strategic step in furthering a new relationship with a
utility that provides products and services to a number of federal
installations. It is anticipated that work done in the federal
marketplace (including military facilities and government buildings)
will eventually draw on all the capabilities of PowerSecure and its
subsidiaries - distributed generation, switchgear, utility engineering
and consulting services, and energy efficiency.
   "In the area of energy efficiency, we are also pleased to announce
that EnergyLite - our subsidiary focused on designing and delivering
projects that can reduce a customer's use of energy - has received its
first contract," said Hinton. "Particularly gratifying is the fact
that the business, valued at approximately $600,000 in revenues, came
through a cross-selling opportunity with an existing PowerSecure
customer and further validates our business model."
   "PowerSecure's core distributed generation business is
experiencing a record year," concluded Hinton. "Equally exciting, we
are seeing evidence of success in our newer business units -
EnergyLite, UtilityEngineering, and PowerServices - that reinforces
our confidence that PowerSecure and its subsidiaries will have an
exceptional year in 2006 and beyond."

   About Metretek Technologies:

   Metretek Technologies, Inc. through its subsidiaries - Southern
Flow Companies, Inc.; PowerSecure, 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.

   Safe-Harbor Statement:

   All forward-looking statements contained in this release are made
within the meaning of and pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are all statements other than statements of historical
facts, including but not limited to statements concerning the revenues
expected to be realized from the projects referred to in this release,
the anticipated benefits of the master agreement mentioned herein, the
ability of EnergyLite to reduce a customer's use of energy, the
ability of PowerSecure to expand into the federal marketplace, and all
other statements concerning the plans, intentions, expectations,
projections, hopes, beliefs, objectives, goals and strategies of
management, including statements about other future financial and
non-financial items, performance or events and about present and
future products, services, technologies and businesses; and statements
of assumptions underlying the foregoing. Forward-looking statements
are not guarantees of future performance or events and are subject to
a number of known and unknown risks, uncertainties and other factors
that could cause actual results to differ materially from those
expressed, projected or implied by such forward-looking statements.
Important risks, uncertainties and other factors include, but are not
limited to the ability of PowerSecure to timely and successfully
complete these projects to its customers' satisfaction; the ability of
PowerSecure to obtain sufficient raw materials and equipment to
fulfill these orders on timely and commercially reasonable terms; the
ability of PowerSecure to continue to develop, expand and market its
core distributed generation products and services, to expand the
scope, markets and business segments of its offerings including its
new energy-related businesses, services and technologies, to manage
its growth and to deliver anticipated benefits to its customers; the
effects of future changes in tariff structures and environmental
requirements on PowerSecure's ability to deliver an economically
viable solution; changes in customer and industry demand and
preferences; the size, timing and terms of sales and orders and the
risk of customers delaying, deferring or canceling purchase orders or
making smaller purchases than expected; the ability of the Company to
attract, retain and motivate key personnel; the effects of
competition; the ability of the Company to secure and maintain key
contracts and relationships; the effects of pending and future
litigation, claims and disputes; general economic, market and business
conditions; and other risks, uncertainties and other factors
identified from time to time in the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 2005, as well as in
subsequent filings with the Securities and Exchange Commission,
including reports on Forms 10-Q and 8-K. Accordingly, there can be no
assurance that the results expressed, projected or implied by any
forward-looking statements will be achieved, and readers are cautioned
not to place undue reliance on any forward-looking statements. The
forward-looking statements in this press release speak only as of the
date hereof and are based on the current plans, goals, objectives,
strategies, intentions, expectations and assumptions of, and the
information currently available to, management. The Company assumes no
duty or obligation to update or revise any forward-looking statements
for any reason, whether as the result of changes in expectations, new
information, future events, conditions or circumstances or otherwise.