Metretek's PowerSecure Subsidiary Wins Projects with Regional Grocery Chain

Metretek Technologies, Inc. (AMEX:MEK) reported that
PowerSecure, its distributed generation subsidiary, has secured an
agreement to supply several locations of a regional grocery chain with
interactive distributed generation (IDG(R)) systems. The project,
valued at approximately $1.5 million in anticipated revenues to
PowerSecure, covers roughly 6% of the chain's locations.
   Sidney Hinton, president and CEO of PowerSecure, noted that in
addition to winning the business with the regional grocery chain, the
company has recently won with various miscellaneous customers other
projects also valued at approximately $1.5 million in revenues to
PowerSecure. "Our sales efforts remain strong and our sales
organization is doing an outstanding job," said Hinton. "We are very
pleased to have been entrusted with this work, and we are optimistic
that our success on these projects will lead to further business with
these customers."
   On a related matter, Hinton said that with respect to certain
previously disclosed projects with its largest customer, PowerSecure
and that customer have taken measures to mitigate the effect of rising
copper prices through a change in design specifications.

   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 press release are
made within the meaning of and under 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 regarding the revenues
expected from the projects announced herein, 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, as well as statements of assumptions
underlying any of 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 Company's ability to maintain sufficient capital and liquidity
on favorable terms to meet its operating, working capital and debt
service requirements and other capital commitments and contingencies
and to fund the growth of its business; the timely and successful
development, production and market acceptance of new and enhanced
products, services and technologies of the Company; the ability of
PowerSecure to develop and expand its core distributed generation and
its new energy-related businesses, services and technologies, to
manage its growth and to address the effects of any future changes in
tariff structures and environmental requirements on its business
solutions; effects from time to time of hurricanes and other severe
weather conditions on the demand for Southern Flow's products and
services; the ability of Metretek Florida to successfully develop and
expand its products, service, technologies and markets; the effects of
competition; changes in customer and industry demand and preferences
and purchasing patterns; the Company's ability to attract, retain and
motivate key personnel; the ability of the Company to secure and
maintain key contracts, relationships and alliances and to make
successful acquisitions; the effects of pending and future litigation,
claims and disputes; changes in the energy industry generally and in
the natural gas and electricity industries in particular, including
price levels; general economic, market and business conditions; the
effects of international conflicts and terrorism; and other risks,
uncertainties and other factors identified from time to time in the
Company's reports and filings with the Securities and Exchange
Commission. 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.