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Orion Secures $4.8M In Initial Contracts For Custom LED Lighting Fixtures And Integrated Controls To Retrofit Two Facilities For Global Online Retailer

Orion Energy Systems, Inc. (NASDAQ:OESX) (Orion Lighting), a provider of LED lighting and turnkey energy project solutions, including controls and integrated IoT capabilities, announced today that it has been selected to

Benzinga · 02/03/2020 13:16

Orion Energy Systems, Inc. (NASDAQ:OESX) (Orion Lighting), a provider of LED lighting and turnkey energy project solutions, including controls and integrated IoT capabilities, announced today that it has been selected to provide $4.8 million in custom-designed LED luminaires and lighting controls to upgrade two facilities for a global online retailer. Teaming with a long-term electrical contractor partner, Orion will provide custom LED lighting fixtures, as well as integrated lighting controls, initially for two facilities. Product deliveries are expected to start late in Orion’s fiscal 2020 fourth quarter ending March 31, 2020, with completion expected in its fiscal 2021 second quarter ending September 30, 2020.

Orion has initiated project design with this electrical contractor partner for an additional five facilities and anticipates more purchase orders to be forthcoming. Including these prospective locations for this customer, we anticipate a total a revenue potential of approximately $8-9 million.