Orion Energy Systems Secures $4.7 Million in New Contracts

Orion Energy Systems Seals $4.7 Million in Noteworthy Contracts

MANITOWOC, Wis. — Orion Energy Systems, Inc. (NASDAQ: OESX), a leading provider of innovative energy solutions, has unveiled a remarkable new chapter in its operations with significant contract engagements worth over $4.7 million. These contracts center on advanced LED lighting and electrical infrastructure projects for two prominent enterprise clients.

The first contract stands out, particularly due to its scale, valued at $3.6 million. This initiative will involve extensive installations and upgrades of LED lighting and electrical infrastructure at a facility that boasts an enormous workforce of 18,000 employees. Such a venture underscores the trust large enterprises place in Orion to elevate their operational efficiency and sustainability.

Complementing this expansive undertaking is a second engagement projected at $1 million, aimed for completion within the company's current fiscal period. This initiative will see upgrades and installations across five facilities spread across four different states within the U.S. Moreover, this contract signifies a pivotal start to what promises to be a fruitful multi-year initiative led by the enterprise customer, with expectations of Orion receiving a larger volume of work over time.

“We are observing a deliberate acceleration in project assignments from larger enterprises. This trend demonstrates the confidence these substantial clients have in our capabilities,” remarked Sally Washlow, the Chief Executive Officer of Orion. “Our team is immensely proud to consistently deliver and adapt to evolving customer needs in real-time.”

Scott Green, Orion's Chief Operating Officer, added, “Being acknowledged as a dependable provider by enterprises with extensive facilities distributed across the nation validates our mission. Orion is evolving to meet the needs of our clients, enhancing our service spectrum and operational scalability.”

Orion's Commitment to Sustainability and Efficiency

The essence of Orion Energy Systems extends beyond mere projects. The organization is dedicated to offering energy efficiency and clean tech solutions that encompass LED lighting, EV charging stations, and ongoing maintenance services. It is designed to cater not just to the immediate needs of large national customers but to promote a broader environmental consciousness.

Orion specializes in providing comprehensive solutions, from design right through to installation, ensuring that their interventions align with the customer's business and environmental aspirations. The organization remains committed to fostering a healthier, more sustainable world while helping clients reduce their carbon footprints and maximize their business performance.

Engagement with the Community

As part of its ongoing commitment to transparency and community interaction, Orion encourages stakeholders to learn more about its sustainability efforts and governance principles. The company believes that the integration of these values into its business strategy not only contributes positively to society but also enhances overall business performance.

Future Outlook and Opportunities

Looking forward, Orion is excited about the future and the opportunities that lie ahead. Their track record of successful collaborations with large enterprises positions them perfectly to capitalize on the growing demand for energy-efficient solutions. As the market increasingly recognizes the importance of sustainable practices, Orion is committed to staying ahead of the curve, innovating new technologies, and enhancing customer experience.

“The future feels bright for Orion as we continue to build lasting relationships with customers who share our vision of sustainability,” Washlow concluded. The company looks forward to taking on more expansive projects that not only contribute to its bottom line but also support a sustainable future for generations to come.

Frequently Asked Questions

What services does Orion Energy Systems provide?

Orion provides energy-efficient solutions, including LED lighting, EV charging stations, and maintenance services tailored for large enterprises.

How much revenue did Orion announce from recent contracts?

Orion announced engagements worth over $4.7 million from two major enterprise customers.

What is the nature of the projects involved?

The projects involve installations and upgrades of LED lighting and electrical infrastructure to enhance energy efficiency and sustainability.

Who are some key leaders at Orion?

Sally Washlow serves as CEO, while Scott Green is the Chief Operating Officer, both leading initiatives that align with Orion's growth and sustainability strategy.

How can I learn more about Orion's sustainability efforts?

You can visit Orion's website for detailed information on their sustainability initiatives and governance practices.

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