Orion Lighting Anticipates $10 Million in FY 2018 Revenue to Retrofit Seven Automotive Plants with Energy-Efficient LED Lighting Solutions
The projects encompass multiple automotive plants which are upgrading legacy fluorescent lighting systems, several of which had been provided by Orion, to energy-efficient LED lighting platforms and controls in support of these customers’ environmental and energy efficiency goals.
One automotive customer selected Orion to provide engineering studies for the lighting needs of all of its North American plants and has specified Orion as its sole lighting provider for these facilities. Orion expects to complete LED lighting retrofit projects for five of this customer’s U.S. plants in FY’18 and has already begun to receive initial product purchase orders for the first four plants.
Orion is providing a range of LED lighting products and control systems to this customer with a principal focus on its ISON™ Class High Bay (HBIF3) LED lighting fixtures which deliver over 214 lumens per watt, making them the lighting industry’s highest performing LED high bay fixtures. Revenues from the five plants will be primarily from product sales but will also include installation services for some of the plants as well as engineering and other professional services.
The second major automotive customer has provided initial awards and notices to proceed with product deliveries for LED lighting installations at two manufacturing plants. Revenues are also anticipated over the balance of fiscal 2018.
Mr. Altschaefl added, “We are also seeing steady progress in our agent driven distribution model, including solid engagement with national accounts, and our recent new product introductions are resonating well with customers and agents. We expect these new offerings to contribute to our business in the coming quarters.”
Orion is a leading designer and producer of energy efficient lighting and retrofit lighting solutions for commercial and industrial buildings. Orion manufactures and markets connected lighting systems encompassing LED solid-state lighting and intelligent controls. Orion systems incorporate patented design elements that deliver significant energy, efficiency, optical and thermal performance that drive financial, environmental, and work-space benefits for a wide variety of customers, including nearly 40% of the Fortune 500.
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