Orion Energy Systems (OESX) announced that on June 1 it was issued two new patents for its efficient exterior lighting technology, which reduces energy consumption by up to 50% when compared to current lighting found in 96% of parking lots (according to a study done for the DOE). It should be noted that this is not LED technology. Orion’s systems improve upon traditional fluorescent lighting and incorporate intelligent wireless control systems as well as solar … Read the rest
Tag Archives: efficient lighting
Energy Focus (EFOI) Reports, Sees Upside From Stones River Purchase
Energy Focus (EFOI) reported results after the bell today that were so so, but the guidance may give the stock a boost going forward as its recent acquisition of Stones River Companies begins contributing to the bottom line. The company reported a loss of .17/share on revenues of 3.6 million which is about inline with what they have been reporting for the past few years. This is a company that has never been profitable, but … Read the rest
Energy Focus (EFOI) Soars On $12.3 Million Efficient Lighting Contract
The purchase of Stones River Companies by Energy Focus (EFOI) is already paying big dividends. The company announced that its new subsidiary has been awarded $12.3 million in new contracts across seven projects for efficient lighting retrofits which will reduce energy use and improve light quality. The project are already underway and expected to be completed this year.
CEO of EFOI Joseph Kaveski commented on the financial impact saying, “We are pleased to announce this … Read the rest