MANITOWOC, Wis., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) (Orion Lighting), a provider of energy-efficient LED lighting and controls, maintenance services, and electric vehicle (EV) charging station solutions, announced today it has secured a $9.6M contract for the turnkey LED lighting retrofits of five Department of Defense (DoD) bases in Europe. Orion’s turnkey retrofit solution includes site audits, engineering, project management, installation, system commissioning, and materials for more than 60,000 energy-efficient lighting fixtures.
The projects were secured through a European-based global Energy Service Company (ESCO). Orion expects to commence product deliveries and installation in Q4 of FY 2023, which begins January 1, 2023, and to complete the projects in approximately twelve months.
Mike Jenkins, Orion’s CEO, commented, “We are pleased to build upon our many years working with the U.S. Department of Defense to help them achieve their energy efficiency, workplace environment, and safety objectives. This turnkey LED installation is part of a larger DoD project that has been in development for the past few years and was sourced through our growing ESCO partner relationships. The project represents our first in Europe for the DoD, and it is very encouraging to see larger DoD projects, such as this, being finalized, funded, and scheduled for deployment. We are pleased with the continued growth in our relationship with this global Energy Service Company partner and are currently working with them on additional opportunities in various areas of their footprint.
About Orion Energy Systems (www.orionlighting.com)
Orion provides energy efficiency and clean tech solutions including LED lighting and controls, maintenance services and electrical vehicle (EV) charging solutions. Orion specializes in turnkey design-through-installation solutions for large national customers, with a commitment to helping customers achieve their business and environmental goals with healthy, safe and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our ESG priorities, goals and progress here or visit our website.
Safe Harbor Statement
Certain matters discussed in this press release, are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.
Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
Twitter: @OrionLighting and @OrionLightingIR
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| Investor Relations Contacts | |
| Per Brodin, CFO | William Jones; David Collins |
| Orion Energy Systems, Inc. | Catalyst IR |
| pbrodin@oesx.com | (212) 924-9800 or OESX@catalyst-ir.com |
