Orion Energy Systems Secures Three-Year Contract with Nationwide Energy Services Company
13 December 2024 - 12:29AM
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 its selection for a three-year contract by a longstanding,
nationwide Energy Service Company (ESCO) partner. This new contract
and expanded relationship will commence in January 2025 and is
anticipated to generate $5 - $10 million per year.
Orion has been named one of three approved suppliers for turnkey
lighting projects across the ESCO’s extensive customer network.
Under the agreement, Orion’s comprehensive services will include
site visits, detailed lighting audits, fixture manufacturing,
project management, fixture installation, and the installation and
commissioning of its industry-leading LED lighting and control
systems.
This partnership underscores Orion’s commitment to supporting
our customers’ efforts to achieve their energy efficiency and
sustainability goals while enhancing lighting environments. This
expanded business relationship is a result of Orion’s demonstrated
capabilities in high efficiency products and managing complex
turnkey audit, engineering and installation projects.
“We are honored to expand our collaboration with this valued
ESCO partner,” stated Michael Jenkins, Orion CEO. “This contract is
a testament to Orion’s ability to deliver high-quality,
energy-efficient lighting and controls solutions that meet the
evolving needs of large-scale energy service providers. We are
excited to contribute to a more sustainable future through this
partnership.”
About Orion Energy SystemsOrion 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.
Engage with
UsX: @OrionLighting and
@OrionLightingIRStockTwits: @OESX_IR
Marketing ContactSteve Paulus,
Director, Marketing and CommunicationsOrion Energy Systems,
Inc.spaulus@oesx.com(920) 239-8007
Investor Relations Contacts
Per Brodin, CFOOrion Energy Systems, Inc.pbrodin@oesx.com |
William Jones; David CollinsCatalyst IR(212) 924 9800 or
oesx@catalyst-ir.com |
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