Earlier in the week, Orion Energy Systems (OESX) launched new hybrid LED/high intensity fluorescent lighting at the ProMat 2011 show in Chicago. The new technology combines the best of LED with the best of HIF providing high levels of illumination at the lowest possible cost in areas where the lights are high above the floor.
Adding to the great efficiency is the InteLite Dynamic Control device, which automatically adjusts light output based on the duration of motion in the area. According to company estimates, its hybrid lighting system costs less than 5% of what traditional HIF lighting costs to operate. No word on the difference in upfront costs, so it’s difficult to determine just how long it takes for a company to recoup its investment.
“Bright was easy, but smart is where the money is,” stated Orion Founder and CEO Neal Verfuerth in regard to the decreased costs, increased revenue and enhanced safe work environment achieved by deploying the Advanced Hybrid Lighting Platform.
Shares of OESX have remained relatively flat in recent weeks, but bullish on the daily chart after a big surge in January. A breakout from the current consolidation would provide a nice entry point for a trade.