NEWS
Orion Secures 5-Year, $25M Contract to Supply LED Lighting Fixtures For Major Retail Customer’s New Store Construction Projects
Orion Energy Systems, Inc. (NASDAQ: OESX) has secured a 5-year contract extension with a major retail customer to supply LED lighting fixtures for new store construction projects. The contract's estimated annual value ranges from $4.5M to $6M, with a total potential value of $23M-$30M. Initial product shipments are expected to begin in Orion's fiscal 2025 third quarter.
This agreement builds upon Orion's previous work in executing a company-wide LED retrofit of the customer's retail store interior lighting systems. Additionally, Orion provides LED lighting preventative maintenance at approximately 2,000 locationsnationwide for this customer.
Orion CEO Mike Jenkins expressed pride in being chosen to illuminate both interior and exterior areas of the customer's new stores over the next five years, emphasizing the long-term nature of their relationship.
This agreement builds upon Orion's previous work in executing a company-wide LED retrofit of the customer's retail store interior lighting systems. Additionally, Orion provides LED lighting preventative maintenance at approximately 2,000 locationsnationwide for this customer.
Orion CEO Mike Jenkins expressed pride in being chosen to illuminate both interior and exterior areas of the customer's new stores over the next five years, emphasizing the long-term nature of their relationship.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
2363Followers
106Following
25KVisitors
Follow