Orion Energy Systems (OESX +16.7%) announced it has expanded the retrofit of a major national account customer’s lighting systems with Orion’s state-of-the-art LED lighting and wireless IoT enabled control solutions at additional locations nationwide.
Orion anticipates additional revenue of $35M under the contract, which is dependent on the customer's issuance of purchase orders.
A significant portion of the installations are expected to be completed in FY20 first quarter ending June 30, 2019.
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