MANITOWOC, Wis., April 03, 2024 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, announced significant progress in its EV charging business through its electric vehicle (EV) charging solutions division, Voltrek. Voltrek has successfully secured more than $11 million of open construction services contracts under the Eversource “EV Make Ready” program. These contracts were finalized in FY’24 and represent over 25 individual projects from Eversource Energy, a leading utility focused on sustainability and energy efficiency. These projects were all previously included in Orion’s revenue outlook expectations and are now all contracted and expected to be executed within Orion’s fiscal year 2025, which started April 1, 2024. This achievement underscores the increasing demand for EV charging solutions and reaffirms Voltrek’s position as a trusted industry partner.
These planned projects encompass both Level 2 and Level 3 chargers and cater to a diverse range of needs, including public, workplace and fleet charging applications.
"We are excited to showcase our diverse range of projects and products, which highlight our commitment to flexibility, innovation, and customer satisfaction," said Voltrek’s President, Kathleen Connors. "Our longstanding relationship with Eversource has continued to grow as we head into FY25 with over $11 million contracted together to support EV infrastructure in the northeast.”
By thoroughly understanding the unique needs and preferences of each client, Voltrek consistently exceeds expectations, fostering satisfaction and loyalty. To learn more about Orion Energy Systems and Voltrek’s EV charging solutions, visit the orionlighting.com website for more information.
About Orion Energy Systems
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, maintenance services, and electrical vehicle (EV) charging solutions. Orion specializes in turnkey design-through-installation solutions for large national customers, with a commitment to helping customers achieve their business and environmental goals with healthy, safe, and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our sustainability goals and progress here, or visit our website at www.orionlighting.com.
Safe Harbor Statement
Certain matters discussed in this press release, are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.
Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
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| Marketing Contact | |
| Steve Paulus, Director, Marketing and Communications | |
| Orion Energy Systems, Inc. | |
| spaulus@oesx.com | |
| (920) 239-8007 | |
| Investor Relations Contacts | |
| Per Brodin, CFO | William Jones; David Collins |
| Orion Energy Systems, Inc. | Catalyst IR |
| pbrodin@oesx.com | (212) 924-9800 or OESX@catalyst-ir.com |
