Orion Lighting Secures Letter of Intent for LED Retrofit Solutions

Orion Energy Systems Inc. (Orion Lighting) announced that it has secured a letter of intent with an existing customer to retrofit a number of the customer’s locations with its LED lighting solutions. Orion expects to realize revenue of approximately $11 million under the letter of intent.

The customer selected Orion because of its ability to design, develop and install customized LED lighting solutions that include wireless control systems on a turnkey basis. The project involves initial energy audits; custom design; production; logistics; wireless control systems commissioning and full project management through installation at a number of the customer’s locations nationwide.

A portion of the installations are expected to be completed in Orion’s fiscal 2019 fourth quarter ending March 31, 2019. Orion remains confident in achieving its fiscal 2019 revenue growth goal of 5-10 percent communicated in its Q2 2019 quarterly release.

Orion CEO, Mike Altschaefl, comments, “We have increased our focus on large national accounts where Orion stands out with high product quality, energy efficiency, and industry leading customer service that we can deliver and install on a turnkey basis. This nimble, full-service offering is unique in the market and sets Orion apart from much larger competitors. Additionally, it demonstrates Orion’s ability to deploy and integrate state-of the-art control systems, both in our products and at individual project sites, for large scale retrofit applications. 

“This project win represents a powerful endorsement of the values, expertise, product quality, and customer commitment of the entire Orion organization. We look forward to the successful completion of these installations and are optimistic regarding the potential to secure additional projects with this customer.”

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