Shares of Orion Energy (NASDAQ: OESX) are nudging higher after the company said it has secured $1.9 million in new contracts with the U.S. Navy to retrofit two naval bases with Orion’s newest LED lighting systems compliant with the U.S. “Buy American Act” and “Trade Agreements Act.” The installations are currently in process and are expected to be complete by November 2017. “We are very proud to serve our country and to build upon our 15-year relationship serving the lighting retrofit needs of the U.S. Navy. The Orion team delivers the best in performance, energy efficiency, quality, ease of installation and customer service. Being repeatedly selected to serve the needs of the U.S. Armed Forces is one of the greatest honors we can receive, and we are motivated to earn their trust each and every day,” Orion CEO John Scribante stated in the news release.
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About Orion Energy Systems, Inc.
Orion is a designer and producer of energy efficient lighting and retrofit lighting solutions for commercial and industrial buildings. The company manufactures and markets connected lighting systems encompassing LED solid-state lighting and smart controls. Orion systems incorporate patented design elements that deliver significant energy, efficiency, optical, and thermal performance that drive financial, environmental, and work-space benefits for a wide variety of customers, including nearly 40 percent of the Fortune 500. For more information, visit www.orionlighting.com.
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