Orion Signs 5-Year Contract Worth Up To $30M To Supply LED Lighting Fixtures For Major Retail Customer's New Store Construction Projects; Annual Contract Value Estimated At $4.5M-$6M With Initial Shipments Starting In Fiscal Q3 2025
Portfolio Pulse from Benzinga Newsdesk
Orion has secured a 5-year contract valued at up to $30 million to supply LED lighting fixtures for a major retail customer's new store construction projects. The annual contract value is estimated between $4.5 million and $6 million, with initial shipments starting in fiscal Q3 2025.
October 07, 2024 | 12:29 pm
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Orion has signed a significant 5-year contract worth up to $30 million to supply LED lighting fixtures for a major retail customer's new store projects. This deal is expected to generate annual revenues of $4.5 million to $6 million, with shipments beginning in fiscal Q3 2025.
The contract represents a substantial revenue opportunity for Orion, potentially increasing its annual revenue by $4.5M-$6M. The long-term nature of the contract provides stability and growth prospects, likely positively impacting the stock price.
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