Orion Secures 5-Year, $25M Contract to Supply LED Lighting Fixtures For Major Retail Customer’s New Store Construction Projects
Orion Energy Systems, Inc. (NASDAQ: OESX) has secured a 5-year contract extension with a major retail customer to supply LED lighting fixtures for new store construction projects. The contract's estimated annual value ranges from $4.5M to $6M, with a total potential value of $23M-$30M. Initial product shipments are expected to begin in Orion's fiscal 2025 third quarter.
This agreement builds upon Orion's previous work in executing a company-wide LED retrofit of the customer's retail store interior lighting systems. Additionally, Orion provides LED lighting preventative maintenance at approximately 2,000 locations nationwide for this customer.
Orion CEO Mike Jenkins expressed pride in being chosen to illuminate both interior and exterior areas of the customer's new stores over the next five years, emphasizing the long-term nature of their relationship.
Orion Energy Systems, Inc. (NASDAQ: OESX) ha ottenuto un contratto di estensione di 5 anni con un importante cliente al dettaglio per fornire apparecchi di illuminazione a LED per nuovi progetti di costruzione di negozi. Il valore annuale stimato del contratto oscilla tra 4,5 milioni e 6 milioni di dollari, con un valore potenziale totale di 23-30 milioni di dollari. Le prime spedizioni dei prodotti sono previste per iniziare nel terzo trimestre fiscale 2025 di Orion.
Questo accordo si basa sul lavoro precedente di Orion nell'esecuzione di un retrofit a LED a livello aziendale per i sistemi di illuminazione interna dei negozi del cliente. Inoltre, Orion fornisce servizi di manutenzione preventiva per l'illuminazione a LED in circa 2.000 località a livello nazionale per questo cliente.
Il CEO di Orion, Mike Jenkins, ha espresso orgoglio per essere stato scelto per illuminare sia gli spazi interni che esterni dei nuovi negozi del cliente nei prossimi cinque anni, sottolineando la natura a lungo termine della loro relazione.
Orion Energy Systems, Inc. (NASDAQ: OESX) ha asegurado una prórroga de contrato de 5 años con un importante cliente minorista para suministrar luminarias LED para nuevos proyectos de construcción de tiendas. El valor anual estimado del contrato varía entre $4.5M y $6M, con un valor total potencial de $23M-$30M. Se espera que los primeros envíos de productos comiencen en el tercer trimestre fiscal de 2025 de Orion.
Este acuerdo se basa en el trabajo previo de Orion en la ejecución de una modernización de LED a nivel empresarial para los sistemas de iluminación interior de las tiendas del cliente. Además, Orion proporciona mantenimiento preventivo para la iluminación LED en aproximadamente 2,000 ubicaciones en todo el país para este cliente.
El CEO de Orion, Mike Jenkins, expresó orgullo por haber sido elegido para iluminar tanto las áreas interiores como exteriores de las nuevas tiendas del cliente durante los próximos cinco años, enfatizando la naturaleza a largo plazo de su relación.
오리온 에너지 시스템즈, Inc. (NASDAQ: OESX)는 주요 소매 고객과 함께 새로운 매장 건설 프로젝트를 위해 LED 조명 기구를 공급하는 5년 계약 연장을 체결했습니다. 계약의 예상 연간 가치는 약 450만 달러에서 600만 달러 사이이며, 총 잠재 가치는 2300만 달러에서 3000만 달러입니다. 초기 제품 배송은 오리온의 2025 회계 연도 3분기에 시작될 것으로 예상됩니다.
이번 협정은 고객의 소매 매장 내부 조명 시스템에 대한 회사 전체 LED 개조를 수행한 오리온의 이전 작업을 기반으로 하고 있습니다. 또한 오리온은 이 고객을 위해 전국 약 2,000개 장소에서 LED 조명 예방 유지보수를 제공합니다.
오리온의 CEO인 마이크 젠킨스는 앞으로 5년 동안 고객의 새로운 매장 내부와 외부 공간을 밝히게 된 것에 대한 자부심을 표명하며, 그들의 관계가 장기적임을 강조했습니다.
Orion Energy Systems, Inc. (NASDAQ: OESX) a obtenu une extension de contrat de 5 ans avec un important client de vente au détail pour fournir des dispositifs d'éclairage à LED pour de nouveaux projets de construction de magasins. La valeur annuelle estimée du contrat varie de 4,5 millions à 6 millions de dollars, avec une valeur totale potentielle de 23 millions à 30 millions de dollars. Les premières expéditions de produits devraient débuter au troisième trimestre de l'exercice 2025 d'Orion.
Cet accord s'appuie sur le travail précédent d'Orion dans l'exécution d'une modernisation à LED à l'échelle de l'entreprise des systèmes d'éclairage intérieur du magasin du client. De plus, Orion fournit un entretien préventif des éclairages à LED dans environ 2 000 emplacements à travers le pays pour ce client.
Le PDG d'Orion, Mike Jenkins, a exprimé sa fierté d'avoir été choisi pour illuminer les espaces intérieurs et extérieurs des nouveaux magasins du client au cours des cinq prochaines années, soulignant la nature à long terme de leur relation.
Orion Energy Systems, Inc. (NASDAQ: OESX) hat eine Vertragsverlängerung von 5 Jahren mit einem großen Einzelhandelskunden gesichert, um LED-Beleuchtungseinrichtungen für neue Bauprojekte von Geschäften zu liefern. Der geschätzte jährliche Vertragswert reicht von 4,5 Millionen bis 6 Millionen Dollar und hat einen potenziellen Gesamtwert von 23 Millionen bis 30 Millionen Dollar. Erste Produktlieferungen werden voraussichtlich im dritten Quartal des Geschäftsjahres 2025 beginnen.
Dieses Abkommen basiert auf Orions vorheriger Arbeit bei der Umsetzung einer unternehmensweiten LED-Umrüstung der Innenbeleuchtungssysteme des Einzelhandelskunden. Darüber hinaus bietet Orion an rund 2.000 Standorten landesweit für diesen Kunden eine präventive Wartung der LED-Beleuchtung an.
Orions CEO Mike Jenkins äußerte Stolz, ausgewählt worden zu sein, um sowohl die Innen- als auch die Außenbereiche der neuen Geschäfte des Kunden in den nächsten fünf Jahren zu beleuchten, und betonte die langfristige Natur ihrer Beziehung.
- Secured a 5-year contract extension with a major retail customer
- Estimated annual contract value of $4.5M to $6M
- Total potential contract value of $23M-$30M
- Expands on previous LED retrofit work for the same customer
- Provides ongoing LED lighting maintenance for 2,000 customer locations
- None.
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
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 are also proud to provide this customer with LED lighting preventative maintenance at approximately 2,000 locations nationwide.”
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 as well as projects through ESCO and distribution partners, 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 and Governance priorities, goals and progress here or visit our website at www.orionlighting.com.
Safe Harbor Statement
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FAQ
What is the value of Orion Energy Systems' new 5-year contract for LED lighting fixtures?
When will Orion Energy Systems (OESX) begin shipping products for the new contract?
What services does Orion Energy Systems provide to the retail customer besides new store lighting?
How does the new contract relate to Orion Energy Systems' previous work with this retail customer?
