Energy Focus, Inc just announced that it has signed a $1.4 million contract with the US Navy. Under the contract, Energy Focus will develop, produce and supply LED lighting fixtures to be used on Virginia Class attack submarines. The lights will replace existing fluorescent tube lights used in submarines and must meet strict standards set by the Navy.
In a press release, executives from Energy Focus commented on the contract:
“We feel confident that … Read the rest
Energy Focus, Inc just announced that it was selected to provide lighting for the Burg Dubai. When completed, the Burg Dubai will be the tallest building in the world. The company’s Crescent Lighting line of products were used to illuminate the fountain in front of the skyscraper due to their long life, resistance to corrosion and ease of maintenance.
In a company press release, Joe Kaveski, CEO of Energy Focus, Inc. commented on the … Read the rest
Energy Focus (EFOI), a leading energy efficient lighting specialist is up more than 20% today (keep in mind it’s a penny stock) after it announced it’s been recognized as an official GSA Schedule contractor to the US Government which opens up it’s product line for the potential use in projects determined by the $787 economic stimulus package.
“Becoming a recognized GSA Schedule contractor will expedite the procurement of Energy Focus’ energy efficient and green products … Read the rest
Energy Focus, Inc released promising 3rd quarter results yesterday. Compared to last year, revenues have risen 11%, going from $5.7 million in the 3rd quarter of last year to $6.4 million for the 3rd quarter of 2008. The company reported a net loss this quarter of $1.6 million, or .11 per share, which compares favorably with the 3rd quarter of last year, when they reported a net loss of $3.2 million or .28 per … Read the rest
Energy Focus (EFOI), a leader in energy efficient lighting announced today that it has finalized a multi phase contract with Architectural Floors of Cleveland and includes design, manufacturing, engineering, installation and support services to light their 65,000 sq ft storage and distribution facility. No word on how large the deal is.
“Energy Focus offers a complete energy solution package, a solution that provides substantial energy cost savings, easier maintenance and improved illumination,” said Joe Kaveski, … Read the rest
Today, Energy Focus (EFOI) announced a corporate reorganization to reposition the company as a “turnkey lighting energy solutions provider” and hopes to capitalize on the growing demand for lighting and energy services in the commercial buildings marketplace.
Said the CEO, .. “as a result, Energy Focus will be more nimble and responsive to the full range of market opportunities, more aggressive in sales and marketing, and more proactive in addressing varying customer needs. … Read the rest