MANITOWOC, Wis.--(BUSINESS WIRE)--
Orion Energy Systems, Inc. (NYSE Amex: OESX), a leading power technology
enterprise, today announced that it has received a notice from NYSE Amex
LLC (the "Exchange"), indicating that the Company's plan of compliance
was accepted. As the Company previously announced in a press release on
February 14, 2012, the Company had received a notice from NYSE Amex LLC
(the "Exchange"), indicating that the Company was not in compliance with
the Exchange's continued listing criteria set forth in Sections 134 and
1101 of the NYSE Amex LLC Company Guide because it did not timely file
its Quarterly Report on Form 10-Q for its fiscal 2012 third quarter
ended December 31, 2011.
In order to maintain its Exchange listing, the Company was afforded the
opportunity to submit a plan of compliance to the Exchange and on
February 15, 2012 presented its plan to the Exchange. On March 26, 2012,
the Exchange notified the Company that it accepted the Company's plan of
compliance and granted the Company an extension until June 15, 2012 to
regain compliance with the continued listing standards. The Company will
be subject to periodic review by Exchange Staff during the extension
period. Failure to make progress consistent with the plan or to regain
compliance with the continued listing standards by the end of the
extension period could result in the Company being delisted from the
NYSE Amex LLC.
Orion Energy Systems, Inc.(NYSE Amex: OESX) is a
leading power technology enterprise that designs, manufactures and
deploys energy management systems — consisting primarily of
high-performance, energy efficient lighting platforms, intelligent
wireless control systems and direct renewable solar technology for
commercial and industrial customers — without compromising their
quantity or quality of light. For more information, visit www.oesx.com.
Orion Energy Systems, Inc.
Investor Relations Contact:
Scott
Jensen, Chief Financial Officer
(920) 892-5454
sjensen@oesx.com
Source: Orion Energy Systems, Inc.
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