Orion Energy Systems Introduces TritonPro™ and New Harris Exterior LED Product Lines, Broadening Portfolio of Innovative, Quality Solutions

Rhea-AI Summary

Orion Energy Systems, Inc. (Nasdaq: OESX) announces the launch of its new TritonPro™ product category and new Harris exterior LED lighting products, expanding its reach into new construction and retrofit markets. The new products offer unparalleled performance, efficiency, and in-field versatility for high-ceiling indoor spaces, harsh environments, modern office spaces, retail stores, and outdoor areas.

Positive

• The launch of the new product category and lighting solutions demonstrates Orion Energy Systems, Inc.'s commitment to driving innovation and expanding its reach in the lighting industry.
• The new products provide proprietary design, quality, and value-pricing, positioning the company to meet requests from channel partners and expand into new markets.
• The innovative new products reaffirm the company's commitment to providing energy-efficient lighting solutions to meet an expanding range of applications for its customers.

Negative

• None.

MANITOWOC, Wis., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) (Orion Lighting), a provider of energy-efficient LED lighting and controls, maintenance services, and electric vehicle (EV) charging station solutions, today announced the launch of its new TritonPro™ product category and new Harris exterior LED lighting products. The launch comprises five new cutting-edge products that provide proprietary Orion design, quality and value-pricing to expand the Company’s reach into new construction and retrofit markets and to meet requests from channel partners.

The new products are designed to provide unparalleled performance, efficiency, and in-field versatility to a broader array of customers and market segments. The new products are:

1. TritonPro™ Compact Linear High Bay​ is a compact, state-of-the-art LED lighting fixture with a sleek design, minimal footprint, and unmatched performance. Offering powerful illumination and energy-saving capabilities, this fixture is perfect for high-ceiling indoor spaces such as warehouses, manufacturing units, and retail facilities.
   
   
2. TritonPro™ LED Slimline Lumen Select Vaportight has a durable, waterproof construction engineered to deliver exceptional lighting performance in harsh environments. The product is ideal for use in parking garages, manufacturing facilities, and other demanding locations with a variety of lighting requirements.
   
   
3. TritonPro™ LED Troffer Lumen Select​ is an innovative lighting solution offering on-site customizable light settings that is ideal for modern office spaces, educational settings, and healthcare facilities. Configurable for specific needs, it enhances user comfort and productivity while also ensuring energy efficiency.
   
   
4. TritonPro™ LED Lumen Select Strip Retrofit​ is designed to replace outdated fluorescent lighting with ease. Providing exceptional illumination while reducing maintenance costs, it is an excellent choice for retail stores, supermarkets, and various commercial settings.
   
   
5. Harris Area Light Lumen Select​ is a high-performance outdoor LED lighting fixture designed for parking lots, pathways, and any large outdoor area. With field selectable capabilities and interchangeable optics lens options, it offers maximum on-site flexibility to match the needs of any environment, ensuring safety and security in previously dark outdoor areas.
   

"We are excited to expand the breadth and capability of our LED lighting solutions with these innovative new Orion-designed solutions," said Mike Jenkins, Orion CEO. "The TritonPro™ series expands our reach, value proposition and leadership in the lighting industry. These new products also reaffirm our commitment to driving innovation with cutting-edge technology, outstanding performance, and energy-efficient lighting solutions to meet an expanding range of applications for our customers.”

About Orion Energy Systems (www.orionlighting.com)
Orion provides energy efficiency and clean tech solutions including LED lighting and controls, maintenance services and electrical vehicle (EV) charging solutions. 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 ESG priorities, goals and progress here or visit our website.

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.

Twitter: @OrionLighting and @OrionLightingIR
StockTwits: @Orion_LED_IR

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

FAQ

What is the ticker symbol for Orion Energy Systems, Inc.?

The ticker symbol for Orion Energy Systems, Inc. is OESX.

What are the new product categories launched by Orion Energy Systems, Inc.?

Orion Energy Systems, Inc. has launched the new TritonPro™ product category and new Harris exterior LED lighting products.

Where are the new products designed to be used?

The new products are designed for high-ceiling indoor spaces, harsh environments, modern office spaces, retail stores, and outdoor areas.

Who is the CEO of Orion Energy Systems, Inc.?

The CEO of Orion Energy Systems, Inc. is Mike Jenkins.