Orion secures additional $35M LED lighting installation contract

|About: Orion Energy Systems, Inc (OESX)|By:, SA News Editor

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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