Orion Seeing Increased Orders of LED Upgrades Due to Superior Cost
Advantages
MANITOWOC, Wis.--(BUSINESS WIRE)--
Orion Energy Systems, Inc. (NYSE MKT:OESX) - a leading designer
and manufacturer of high-performance, energy-efficient lighting
platforms, today announced that it recently received a contract award of
approximately $1.0 million to retrofit a Northern California-based
location of a globally-known designer and manufacturer of mobile
devices, tablets, and personal computers. The award represented repeat
business for Orion from this customer, which was upgrading fluorescent
fixtures with a comprehensive lighting solution that included Orion's
ISON LED High Bay lighting fixtures (approximately 660 units), solar
light pipes (approximately 1150 units) and Orion's InteLite control
system.
The Company was chosen over competitors due to its past successful
history with Orion products, speed of delivery and ease of installation.
In recent weeks, the Company has displaced a number of legacy products
from competitors with Orion LED and light pipe technology. Orion's ISON
LED High Bay offers a superior LED lifetime over other competing
products. Each ISON High Bay product proprietary design is constructed
for optimum light output with two optical elements, that provides better
lighting direction and glare diffusion.
John Scribante, Chief Executive Officer of Orion, stated, "Orion worked
closely with this customer to create an all-encompassing lighting
solution for their facility. There is a definitive cost advantage for
those customers to upgrade to our LED lighting solution, largely due to
less labor and material cost compared to competitors. Today, we are
leveraging our positive history with past Orion clients and have won a
growing share of upgrade business as these customers transition to LED
solutions in facilities throughout North America."
About Orion Energy Systems
Orion is leading the transformation of commercial and industrial
buildings with state-of-the-art energy efficient lighting systems. Orion
manufactures and markets a cutting edge portfolio of products
encompassing LED Solid-State Lighting and high intensity fluorescent
lighting. Many of Orion's 100+ granted patents and pending patent
applications relate to lighting systems that provide exceptional optical
and thermal performance, which drive financial, environmental, and
work-space benefits for a wide variety of customers in the retrofit
markets.
Investor Relations
Orion Energy
Systems, Inc.
Scott Jensen, 920-892-9340
Chief Financial
Officer
or
The Equity Group Inc.
Adam Prior, 212-836-9606
Senior
Vice President
aprior@equityny.com
Source: Orion Energy Systems
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