Metretek Technologies installs new management at Florida subsidiary

DENVER & MELBOURNE, Fla., June 25, 2002 — Metretek Technologies Inc. announced that Thomas R. Kellogg has joined Metretek Inc. (Metretek Florida), a wholly owned subsidiary, as president and CEO.

Kellogg will report to W. Phillip Marcum, president and CEO of Metretek Technologies, who will continue to serve as Metretek Florida’s chairman.

Kellogg replaces Ronald W. McKee, formerly the subsidiary’s president and chief operating officer. “Ron has made a number of valuable contributions since joining Metretek Florida as vice president of marketing in 1989,” said Marcum, “and we wish him the best of luck in his future endeavors.”

Kellogg, most recently an executive vice president and general manager with a unit of RCC Communications, has spent most of his twenty-year career in various executive and supervisory positions at subsidiaries of the Southern Company, one of the country’s largest producers of electricity; his responsibilities included overseeing information technology, budgeting, engineering and design, telecommunications, and computer operations and systems.

Marcum also announced that L. Lee Arrowood has been appointed general manager of Metretek Contract Manufacturing (“MCM”), a division of Metretek Florida, where he will oversee all printed circuit board manufacturing operations. Arrowood’s experience encompasses operations and sales as well as manufacturing and testing and includes ten years spent at the semiconductor division of Harris Corporation.

“We are delighted with these two appointments,” said Marcum. “Together, they signal our commitment to revitalizing Metretek Florida and returning it to profitability. In addition to ensuring that we fully exploit Metretek Florida’s considerable existing strengths, notably its expertise and leadership position in traditional AMR and electronic corrector products, Tom will also work with the board to explore other markets and strategic alternatives whereby we can use existing assets and facilities to build shareholder value.

“Because realizing MCM’s full potential will be a key ingredient in rejuvenating Metretek Florida, Tom will also work closely with Lee, whose industry contacts and hands-on experience in specialty contract manufacturing will be invaluable. These appointments bring with them a renewed confidence that we will soon see measurable improvement in Metretek Florida’s operating results.”

Metretek Technologies, Inc. through its subsidiaries — PowerSecure, Inc.; Metretek, Incorporated; and Southern Flow Companies, Inc. — is a diversified provider of energy technology products, services and data management systems to industrial and commercial users and suppliers of natural gas and electricity.

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