Stones River Companies, which Energy Focus (EFOI) recently acquired has received five new lighting contracts totaling $2.5 million. Two contracts are for the upgrade of two universities, involving the retrofit and replacement with energy efficient lighting with the other three contracts for upgrading the lighting at an elementary school, a hospital and several army facilities. The work is expected to be completed by the end of this year.
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SRC Exec Rob Wilson, commented, “The new projects show just how broad the opportunity for savings through the implementation of energy efficient lighting is. While 2010 is proving to be a banner year for SRC, there’s plenty of opportunity to fuel a sustained demand for energy efficient lighting for years to come.”
Shares of EFOI aren’t moving on the news.