Orion Secures Approx. $40M Contract Extension Expanding Turnkey LED Lighting & Controls Retrofit Project for Major National Retail Customer
Orion currently expects to recognize product and service revenue from the additional locations starting in the fourth quarter of Fiscal 2021 through the third quarter of Fiscal 2022. This estimated timing is subject to uncertainty related to the COVID-19 pandemic and related business and other economic impacts. Following completion of these added locations, Orion will have completed LED lighting and controls retrofits at approximately 1,570 of this customer’s locations nationwide.
The turnkey retrofit projects include the installation of LED lighting fixtures along with state-of-the-art IoT control integration, to deliver enhanced functionality and data gathering capabilities designed to help facility managers enhance operating performance. Contract services include initial energy audits, project engineering, custom fixture design, fixture manufacturing, IoT enabled control systems, IoT system commissioning and full project management through installation at customer locations nationwide.
Orion is a provider of LED lighting systems and turnkey project implementation including installation and commissioning of fixtures, controls and IoT solutions, ongoing system maintenance and program management, helping customers to digitize their business and reduce their carbon footprint.
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Source: Orion Energy Systems, Inc.