MANITOWOC, Wis.--(BUSINESS WIRE)--
Orion Energy Systems, Inc. (NYSE MKT: OESX) ("Orion" or the "Company"),
a leading designer and manufacturer of energy management systems
consisting primarily of high-performance, energy-efficient lighting
platforms, today announced that it has expanded its portfolio of LED
retrofit products by introducing the Apollo LED High Bay fixture in
addition to an all new version of Orion's ISON High Bay LED fixture.
The Apollo LED High Bay Fixture (Photo: Business Wire)
The Company unveiled the products at its Annual Sales Summit ("Summit")
in Chicago, Illinois, taking place this week (October 13-14th).
Over 200 salespeople representing 80 companies within Orion's reseller
network attended the Summit, including 35 companies participating for
the first time. Orion immediately began receiving orders for the new
products and expects to begin shipping by the end of this month. The
Company will begin recording revenues from the initial sales during the
current fiscal third quarter. Orion will introduce more new products
during the second day of the event.
The all new Apollo LED High Bay fixture will provide customers with an
alternative that competes directly with the value proposition of
high-intensity fluorescent fixtures, while providing the energy savings
and optical performance found in LED technology. The product is expected
to serve as a complement to Orion's current ISON High Bay LED suite,
which it initially launched in February 2012.
With ease of installation as the main focus of the design, the Apollo
LED High Bay fixture can easily retrofit existing Orion fluorescent
fixtures by re-using existing power supply cords, cables, and
accessories. To meet specific customer needs, the fixture will be
available in a variety of lumen packages, color temperatures,
modularity, and other options.
John Scribante, Chief Executive Officer of Orion, stated, "We are very
excited to announce the rollout of our new LED High Bay fixture, which
will allow Orion to expand its leadership position in the LED retrofit
market by tailoring a lighting solution to our customers' lighting and
pricing needs. The new Apollo High Bay fixture can now directly compete
in a space where fluorescent fixtures have dominated, primarily in
situations where initial cost is the determining factor. We have been
encouraged by the positive response from our reseller network at our
Summit, which understands the inevitable change in market to LED
lighting. We will continue to work closely with our partners to supply
the end user with a wide array of LED products in a number of different
applications."
Information and photos of the Company's products can be found at Orion's
website, www.oesx.com.
About Orion Energy Systems
Orion (NYSE MKT: OESX) 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, high intensity
fluorescent, and smart controls. Orion's 70+ patents held or pending
provide unparalleled optical and thermal performance, which drive
financial, environmental, and work-space benefits for a wide variety of
retrofit markets.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20141014006475/en/
Investor Relations Contacts:
Orion
Energy Systems
Scott Jensen, Chief Financial Officer
(920)
892-9340
or
The Equity Group Inc.
Adam Prior, Senior Vice
President
(212) 836-9606
aprior@equityny.com
or
The
Equity Group Inc.
Forrest Hunt, Associate
(212) 836-9610
fhunt@equityny.com
Source: Orion Energy Systems, Inc.
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