Jaguar8
commented on a stock · Dec 12 21:29
NEWS
Orion Energy Systems Secures Three-Year Contract with Nationwide Energy Services CompanyThursday, 12th December at 8:29 amMANITOWOC, Wis., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations, and maintenance service solutions, announced today its selection for a three-year contract by a longstanding, nationwide Energy Service Company (ESCO) partner. This new contract and expanded relationship will commence in January 2025 and is anticipated to generate $5 - $10 million per year.Orion has been named one of three approved suppliers for turnkey lighting projects across the ESCO's extensive customer network. Under the agreement, Orion's comprehensive services will include site visits, detailed lighting audits, fixture manufacturing, project management, fixture installation, and the installation and commissioning of its industry-leading LED lighting and control systems.This partnership underscores Orion's commitment to supporting our customers' efforts to achieve their energy efficiency and sustainability goals while enhancing lighting environments. This expanded business relationship is a result of Orion's demonstrated capabilities in high efficiency products and managing complex turnkey audit, engineering and installation projects.
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