Orion Energy Systems Secures $4.2M in LED Lighting Retrofit Projects for Major Automotive Manufacturer

Orion Energy Systems Secures $4.2M in LED Lighting Retrofit Projects for Major Automotive Manufacturer

August 9, 2022 at 7:57 AM EDT

MANITOWOC, Wis., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) (Orion Lighting), a provider of energy-efficient LED lighting and control systems, including turnkey project implementation, program management and system maintenance, today announced it has secured contracts totaling $4.2M to retrofit two manufacturing facilities for a major automotive manufacturer. Orion expects to complete the retrofit projects during its fiscal 2023 third and fourth quarters.

Mike Altschaefl, Orion’s Board Chair and CEO, commented, “We are pleased to extend our long term partnership with this leading global auto producer to extend their workplace safety and energy efficiency initiatives across two additional North American manufacturing facilities. We are encouraged to see projects like these, which were delayed for some time, to be authorized and funded for completion.”

About Orion Energy Systems (www.orionlighting.com)
Orion provides innovative LED lighting systems and turnkey project implementation including installation and commissioning of fixtures, controls and IoT systems, as well as ongoing system maintenance and program management. We help our customers achieve energy savings with healthy, safe and sustainable solutions, enabling them to reduce their carbon footprint and digitize their business.

Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our ESG priorities, goals and progress here or visit our website.

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Certain matters discussed in this press release, are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.

Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.

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Investor Relations Contacts  
Per Brodin, CFO  William Jones; David Collins
Orion Energy Systems, Inc. Catalyst IR
pbrodin@oesx.com  (212) 924-9800 or OESX@catalyst-ir.com