Orion Energy Systems, Inc. Secures $16.4 Million in Follow-On National Account Orders
April 21, 2021 at 12:57 pm
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Orion Energy Systems, Inc. announced it has secured $16.4 million in follow-on orders from two of its major retail customers. First, Orion received a contract extension from its large national retail customer totaling approximately $14.9 million, which it expects to complete during the first three quarters of fiscal 2022. Second, Orion received an additional award of approximately $1.5 million from its large national specialty retail customer and expects to complete this work during the first and second quarters of fiscal year 2022. The estimated timing of these projects is subject to uncertainty related to the COVID-19 pandemic and related business and other economic impacts. The turnkey retrofit projects include installation of LED lighting fixtures and state-of-the art IoT control integration, to deliver enhanced functionality and data gathering capabilities, designed to help facility managers enhance operating performance. Contract services include initial energy audits, project engineering, custom fixture design, fixture manufacturing, IoT system commissioning and installation, and full project management through installation at customer locations.
Orion Energy Systems, Inc. provides light emitting diode (LED) lighting systems, wireless Internet of Things (IoT) enabled control solutions, project engineering, energy project management design, maintenance services and electric vehicle (EV) charging station installation services. The Companyâs segments include Orion Lighting Division, which develops and sells lighting products and provides construction and engineering services for commercial lighting and energy management systems; Orion Maintenance Division, which provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities, and Orion Electric Vehicle Charging Division that offers EV charging expertise, sells and installs sourced electric vehicle charging stations with related software subscriptions and renewals and provides EV installation solutions with ongoing support to all commercial verticals.