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0.043956043956044 0.0549450549450549 -0.0327472527472528 -0.021978021978022 -0.0306593406593407 -0.012967032967033 -0.0494505494505495 -0.065934065934066
Stock impact report

Orion Secures 5-Year, $25M Contract to Supply LED Lighting Fixtures For Major Retail Customer’s New Store Construction Projects

Orion Energy Systems, Inc. (OESX) 
NASDAQ:AMEX Investor Relations: investor.oriones.com/investor-relations
Company Research Source: GlobeNewswire
MANITOWOC, Wis., Oct. 07, 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 services solutions, today announced the signing of a 5-year contract extension with an existing major retail customer to supply all interior and exterior LED lighting fixtures for their expanding schedule of new store construction projects. Orion estimates the annual value of the contract to range between $4.5M to $6M for a total potential value of $23M-$30M. Initial product shipments are expected to commence in Orion’s fiscal 2025 third quarter. Orion CEO Mike Jenkins stated, "It’s a privilege to be selected to illuminate the interior and exterior areas of this important long-term customer’s new stores over the next five years. This contract builds on our past work in executing a company-wide LED retrofit of the interior lighting systems in the customer’s retail stores. We Show less Read more
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