Orion Energy Systems CEO Scribante Promises Vigorous Focus on Shareholder Value
Scribante spoke during the 2012 annual meeting of shareholders at
Orion's world headquarters in
"Our products give us life, but profit sustains that life," said Scribante, who prior to becoming CEO at Orion orchestrated more than three years of multi-million dollar growth while president of the company's Orion Engineered Systems division.
Scribante stressed that considering Orion's "awesome set of products" and its "compelling business proposition," investors in the company deserve to be rewarded with profitability.
Orion's CEO outlined a plan that involves beefing up the company's direct sales force — not to compete with its nationwide network of integration partners and re-sellers, but to work alongside it.
"The promise I make to you and everyone else is, we've got to deliver sales every single day," Scribante said.
Scribante said Orion's fluorescent lighting platform remains extremely viable, and will continue to comprise Orion's core product. However, Scribante added, Orion continues to aggressively produce and sell LED where applicable while continuing to research and develop it for broader use.
Three Orion LED fixture models recently earned DesignLights™ Consortium
Qualified Products List inclusion, and this week, a new model tested at
a stellar 100.5 lumens per watt — significantly better than the industry
average.
Recent strategic developments at Orion include the redesign and
rebranding of InteLite®, a high-performance lighting and
advanced energy controls platform. This tier-based
product-and-technology line will launch on
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