Orion Secures Over $2 Million in LED Lighting Retrofit Projects from Leading U.S. Automotive OEM

MANITOWOC, Wis., Sept. 18, 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 it has been awarded projects totaling more than $2 million from a longstanding automotive OEM customer. These projects encompass the project management, installation, and commissioning of LED lighting systems across multiple manufacturing facilities in the United States.

Orion’s selection for this project highlights the company’s established reputation for excellence in LED lighting system project management. The upcoming LED upgrades are designed to enhance energy efficiency and support the customer’s sustainability and workplace safety objectives.

“We are honored to extend our 18-year relationship with this valued automotive partner,” stated Michael Jenkins, Orion CEO. “Their long-standing trust and appreciation of Orion’s LED lighting technology and electrical systems knowledge, combined with our turnkey project management and installation services, was pivotal in their choosing us for these projects. This is a testament to our commitment to delivering excellent customer experiences while advancing energy efficiency and sustainability goals.”

Orion expects to complete the projects before the close of its FY 2025 year ending March 31, 2025. Orion has already received purchase orders for the first project, and the second project is scheduled to begin in Orion’s fiscal Q3.

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.

Engage with Us
X: @OrionLighting and @OrionLightingIR
StockTwits: @OESX_IR

Marketing Contact
Steve Paulus, Director, Marketing and Communications
Orion Energy Systems, Inc.
spaulus@oesx.com
(920) 239-8007
Investor Relations Contacts
Per Brodin, CFO		William Jones; David Collins
Orion Energy Systems, Inc.		Catalyst IR
pbrodin@oesx.com		(212) 924 9800 or oesx@catalyst-ir.com