Orion Energy Systems Commences Onsite Installation For $9.6M Turnkey, Energy-Efficient LED Lighting Retrofit Projects For U.S. Department Of Defense
Portfolio Pulse from Happy Mohamed
Orion Energy Systems, Inc. (NASDAQ:OESX) has begun onsite installation for a $9.6 million contract for LED lighting retrofits at five Department of Defense bases in Europe. The project, which includes replacement of over 60,000 fixtures with LED lighting systems, was secured through a European-based global ESCO (Energy Service Company). The company expects to complete the project by the end of its current fiscal year, March 31, 2024.
July 20, 2023 | 12:19 pm
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Orion Energy Systems has started the installation for a significant contract with the Department of Defense. This could potentially boost the company's revenues and expand its presence in Europe.
The commencement of the installation for a $9.6 million contract is a significant milestone for Orion Energy Systems. This could potentially increase the company's revenues and profitability. Additionally, the project marks the company's first venture in Europe for the Department of Defense, which could expand its market presence and open up new opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100