Thursday, December 5, 2024

Orion Lands Significant Contract for Turnkey LED Lighting Retrofit Projects with Prominent National Building Products Distributor

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Orion Energy Systems, Inc. (NASDAQ: OESX) has been awarded a significant contract to implement lighting retrofit solutions for a North American Building Products distributor with over 400 locations. The project, which begins in Orion’s third quarter of fiscal year 2025 and is expected to last several years, is valued at approximately $12 to $18 million, with around $1 million projected for the initial fiscal year. This comprehensive upgrade will include lighting audits, fixture manufacturing, and installation of advanced LED systems, aimed at reducing energy consumption and enhancing the safety and environment of the distributor’s facilities. Orion CEO Michael Jenkins expressed enthusiasm about this new partnership, highlighting the company’s expertise in delivering state-of-the-art lighting products and turnkey solutions that fulfill both business performance and environmental sustainability goals.

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