Orion Secures Major New Account in Turnkey LED Lighting Retrofit Projects for Leading Nationwide Building Products Distributor
Orion Energy Systems (NASDAQ: OESX) has secured a major contract to provide LED lighting retrofit solutions for a North American Building Products distributor across over 400 locations. The project, valued at $12-18M with $1M expected for FY25, will begin in Q3 FY25 and continue for several years. The scope includes site visits, lighting audits, fixture manufacturing, project management, and installation of LED systems including high bays, strip fixtures, office troffers, and exterior lighting. The program aims to reduce energy usage and carbon footprint while enhancing lighting environment and safety at each location.
Orion Energy Systems (NASDAQ: OESX) ha ottenuto un importante contratto per fornire soluzioni di retrofit per illuminazione LED per un distributore di prodotti per costruzioni in Nord America in oltre 400 località. Il progetto, che ha un valore compreso tra 12 e 18 milioni di dollari con 1 milione previsto per l'anno fiscale 25, inizierà nel terzo trimestre dell'anno fiscale 25 e proseguirà per diversi anni. L'ambito include visite in loco, audit dell'illuminazione, produzione di apparecchi, gestione del progetto e installazione di sistemi LED, comprese le luci ad alta bassa, i profili luminosi, i troffer da ufficio e l'illuminazione esterna. Il programma mira a ridurre il consumo energetico e l'impronta di carbonio, migliorando al contempo l'ambiente luminoso e la sicurezza in ciascuna località.
Orion Energy Systems (NASDAQ: OESX) ha asegurado un importante contrato para proporcionar soluciones de renovación de iluminación LED para un distribuidor de productos de construcción en América del Norte en más de 400 ubicaciones. El proyecto, valorado entre 12 y 18 millones de dólares, con 1 millón esperado para el año fiscal 25, comenzará en el tercer trimestre del año fiscal 25 y continuará durante varios años. El alcance incluye visitas al sitio, auditorías de iluminación, fabricación de luminarias, gestión de proyectos e instalación de sistemas LED, incluidos los de alta bahía, las luces de tira, los paneles de oficina y la iluminación exterior. El programa tiene como objetivo reducir el consumo de energía y la huella de carbono, mientras mejora el entorno de iluminación y la seguridad en cada ubicacion.
오리온 에너지 시스템 (NASDAQ: OESX)은 북미 건축 자재 유통업체를 위해 400개 이상의 지점에 LED 조명 리트로핏 솔루션을 제공하는 주요 계약을 체결했습니다. 이 프로젝트는 1천만 달러가 예상되는 1200만~1800만 달러의 가치를 가지며, FY25의 3분기에 시작해 몇 년 동안 계속됩니다. 범위에는 현장 방문, 조명 감사, 조명 기구 제조, 프로젝트 관리 및 고조도 조명, 스트립 조명, 사무실 조명기구 및 외부 조명을 포함한 LED 시스템 설치가 포함됩니다. 이 프로그램은 각 위치에서 에너지 사용 및 탄소 발자국을 줄이는 동시에 조명 환경과 안전을 개선하는 것을 목표로 합니다.
Orion Energy Systems (NASDAQ: OESX) a obtenu un contrat majeur pour fournir des solutions de rénovation d'éclairage LED pour un distributeur de produits de construction en Amérique du Nord dans plus de 400 emplacements. Le projet, d'une valeur de 12 à 18 millions de dollars, avec 1 million de dollars prévu pour l'exercice 25, commencera au troisième trimestre de l'exercice 25 et se poursuivra sur plusieurs années. Le projet comprend des visites de site, des audits d'éclairage, la fabrication de luminaires, la gestion de projet et l'installation de systèmes LED, y compris des éclairages haute baie, des luminaires linéaires, des plafonniers de bureau et des éclairages extérieurs. Le programme vise à réduire la consommation d'énergie et l'empreinte carbone tout en améliorant l'environnement lumineux et la sécurité de chaque emplacement.
Orion Energy Systems (NASDAQ: OESX) hat einen wichtigen Vertrag zur Bereitstellung von LED-Beleuchtungs-Retrofit-Lösungen für einen nordamerikanischen Baustoffverkäufer in über 400 Standorten gesichert. Das Projekt, das auf 12 bis 18 Millionen Dollar geschätzt wird, mit 1 Million Dollar, die für das Geschäftsjahr 25 erwartet wird, beginnt im dritten Quartal des Geschäftsjahres 25 und wird mehrere Jahre dauern. Der Umfang umfasst Standortbesuche, Lichtaudits, Herstellung von Leuchten, Projektmanagement und Installation von LED-Systemen, einschließlich Hochregalbeleuchtung, Streifenleuchten, Büro-Troffer und Außenbeleuchtung. Das Programm zielt darauf ab, den Energieverbrauch und den CO2-Fußabdruck zu reduzieren und gleichzeitig die Beleuchtungsumgebung und Sicherheit an jedem Standort zu verbessern.
- Secured major contract worth $12-18M
- Project spans 400+ locations nationwide
- $1M revenue anticipated for FY25
- Multi-year project duration ensuring sustained revenue
- Only $1M revenue expected in FY25 despite total contract value of $12-18M
- Extended project timeline spreading revenue over several years
Insights
This contract win represents a significant opportunity for Orion, with potential revenue of
The deal's structure, encompassing comprehensive services from site visits to installation, suggests healthy margins through value-added services beyond mere product sales. This win also demonstrates Orion's ability to secure large national accounts, which could lead to similar opportunities. The company's turnkey approach is particularly appealing to large enterprises seeking to minimize complexity in their sustainability initiatives.
The scope of this retrofit project is particularly impressive, covering over 400 locations with a comprehensive lighting solution that includes high bays, strip fixtures, office troffers and exterior lighting. The diversified product mix indicates a full-facility modernization approach that should maximize energy savings for the client. Most LED retrofits typically deliver
The emphasis on both energy reduction and improved lighting quality aligns with current market demands for solutions that balance sustainability with workplace safety and productivity improvements. This positions Orion well in the competitive LED retrofit market.
MANITOWOC, Wis., Dec. 03, 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 service solutions, announced today it has been selected to provide lighting retrofit solutions for a North American Building Products distributor covering over 400 locations. The project will commence in Orion’s Q3 FY25 and is anticipated to continue for several years. Orion values the total opportunity as
The project encompasses site visits, lighting audits, fixture manufacturing, project management, and the installation and commissioning of industry-leading LED lighting systems across the customer’s national store footprint. Orion will provide a combination of LED high bays, strip fixtures, office troffers, and some exterior wall pack and area fixtures based on each location’s specific needs.
The lighting upgrade program is designed to substantially reduce the customer’s annual energy usage and carbon footprint from lighting, while also enhancing the lighting environment and safety of each location for the benefit of employees, customers and vendors.
“We are very pleased to build on our track record of helping large national accounts through turnkey LED lighting retrofit projects by winning this significant award from a new customer,” stated Michael Jenkins, Orion CEO. “We believe our ability to provide customers with state-of-the-art LED lighting products coupled with our turnkey installation capabilities continue to help simplify the execution of these large projects while providing the best possible outcomes in light levels, energy savings and carbon reductions for our clients.”
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
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FAQ
What is the total value of Orion Energy Systems' (OESX) new LED lighting contract?
How many locations will Orion Energy Systems (OESX) retrofit with LED lighting?
When will Orion Energy Systems (OESX) begin the new LED lighting retrofit project?
What types of LED fixtures will Orion (OESX) provide in this contract?
