Orion Secures Major New Account in Turnkey LED Lighting Retrofit Projects for Leading Nationwide Building Products Distributor

/EIN News/ -- MANITOWOC, Wis., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations, and maintenance service solutions, announced today it has been selected to provide lighting retrofit solutions for a North American Building Products distributor covering over 400 locations. The project will commence in Orion’s Q3 FY25 and is anticipated to continue for several years. Orion values the total opportunity as $12 - $18M with about $1M anticipated for FY25.

The project encompasses site visits, lighting audits, fixture manufacturing, project management, and the installation and commissioning of industry-leading LED lighting systems across the customer’s national store footprint. Orion will provide a combination of LED high bays, strip fixtures, office troffers, and some exterior wall pack and area fixtures based on each location’s specific needs.

The lighting upgrade program is designed to substantially reduce the customer’s annual energy usage and carbon footprint from lighting, while also enhancing the lighting environment and safety of each location for the benefit of employees, customers and vendors.

“We are very pleased to build on our track record of helping large national accounts through turnkey LED lighting retrofit projects by winning this significant award from a new customer,” stated Michael Jenkins, Orion CEO. “We believe our ability to provide customers with state-of-the-art LED lighting products coupled with our turnkey installation capabilities continue to help simplify the execution of these large projects while providing the best possible outcomes in light levels, energy savings and carbon reductions for our clients.”

About Orion Energy Systems
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. 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 sustainability goals and progress here, or visit our website at www.orionlighting.com.

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.

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