Orion Secures $4.8 Million in Initial Contracts for Custom LED Lighting Fixtures and Integrated Controls

Orion has initiated project design with this electrical contractor partner for an additional five facilities and anticipates more purchase orders to be forthcoming. Including these prospective locations for this customer, we anticipate a total a revenue potential of approximately $8-9 million.

Orion CEO Mike Altschaefl, commented, “Orion was brought into this large LED lighting retrofit opportunity by an excellent electrical contracting firm with whom we’ve had a long-standing and productive relationship. We were selected based on the strength of our custom product design capabilities and integrated controls, coupled with our industry leading product quality, energy efficiency and customer service.

“The customer is expected to reduce their annual lighting energy consumption and lighting maintenance costs in these two facilities while also delivering substantially enhanced illumination and controls capabilities. Our organization is focused on delivering the highest level of quality and service on these projects in order to position Orion for the balance of the customer’s retrofit needs.”