Orion Energy Systems Announces Strategic Partnership to Enhance Energy Efficiency and Sustainability Solutions

MANITOWOC, Wis., Dec. 09, 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, is pleased to announce a new relationship with a prominent energy management service provider that serves over 6,500 customer locations across the county. Orion expects this relationship to generate revenue of $2 - $5 million per year, with initial revenue anticipated in its fiscal 2025 fourth quarter ending March 31, 2025.

Orion will conduct facility lighting audits, install lighting retrofits and provide ongoing maintenance support to improve energy efficiency and promote sustainability for the service provider’s diverse nationwide customer base. Additionally, it seeks to enhance the quality of the lighting environment, contributing to a safer and more inviting atmosphere.

“We are committed to helping our new turnkey customer decrease their clients’ facility energy consumption while reducing environment impacts,” stated Michael Jenkins, Orion CEO. “Our extensive experience in delivering comprehensive lighting retrofit programs for large national customers played a crucial role in our selection for this partnership. Our strategy not only focuses on energy efficiency and savings, but also assists businesses in achieving their sustainability goals while improving lighting conditions at their facilities.”

About Orion Energy Systems
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers, with a commitment to helping customers achieve their business and environmental goals with healthy, safe, and sustainable solutions that reduce their carbon footprint and enhance business performance.

Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our sustainability goals and progress here , or visit our website at www.orionlighting.com .

Safe Harbor Statement
Certain matters discussed in this press release, are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.

Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.