Orion Provides Energy-Saving LED Lighting Technology to New York School Districts in Partnership with Synergy Investment, Inc.

Installation of Harris LDR LED Troffer Retrofit lighting fixtures and advanced control systems to result in significant annual energy savings.

Manitowoc, Wisconsin, UNITED STATES


MANITOWOC, Wisc., Oct. 06, 2021 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, program management and system maintenance, today announced new LED lighting retrofit projects for two Long Island, New York school districts in partnership with Synergy Investment, Inc., a national leader in LED lighting retrofit solutions, bringing the total retrofit lighting projects in the area to four.

The LED lighting retrofit projects expect to provide the school districts annual energy savings of more than 7.2 million kilowatt hours (kWh) between all four projects.

“We are excited to provide substantial energy savings to these school districts through our partnership with Synergy,” says Mike Altschaefl, CEO and Board Chairman, Orion Energy Systems, Inc. “Not only do these retrofit projects reduce the overall carbon footprint of these districts but they also will decrease their annual energy costs and improve the lighting within these buildings for the students and educators. In total, this will make four separate school district projects in the area since 2019 where we’ve partnered with Synergy to provide the latest in energy-saving technology to the end customer.”

Upon the completion of all four projects, Orion will have supplied approximately 26,000 Harris LDR LED Troffer Retrofit lighting fixture kits that were installed by Synergy in addition to various lighting control systems that accelerate energy savings via occupancy based activation of the lighting systems, automatic ambient light dimming and remote programmability.

“We are proud to offer customers Orion’s high-quality, energy-efficient products and to expand our relationship with Orion, which has blossomed in recent years,” says Daniel Gould, Founder and President of Synergy. “We look forward to working together on these and future projects because we know that Orion is committed to providing the best technology, quality and performance – along with on-time delivery and great customer service.”

Additional funding for school safety improvement projects may be available through the Coronavirus Response and Relief (CARES) Act as a part of recently refreshed grant programs within the Education Stabilization Fund. Orion is encouraged that CARES Act funding could provide an avenue for public education facilities to procure energy-efficient LED lighting and PureMotion™ UVC air movement solutions designed to sanitize air and eliminate airborne viruses including COVID-19 and variants.

About Synergy
On the cutting-edge of lighting innovation, Synergy is a leader in LED lighting solutions across North America. Synergy understands that success doesn’t just depend on placing the latest technology at customers' fingertips. Customers count on the talent, skill and brilliance of Synergy to tailor the best solutions to meet the needs of each of their facilities. With an eye on advanced technology, energy efficiency, and trusted applications, Synergy provides the confidence that your project will be done right.

About Orion Energy Systems
Orion provides innovative LED lighting systems and turnkey project implementation including installation and commissioning of fixtures, controls and IoT systems, as well as ongoing system maintenance and program management. We help our customers achieve energy savings with healthy, safe and sustainable solutions, enabling them to reduce their carbon footprint and digitize their business.

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.

Twitter: @OrionLighting and @OrionLightingIR
StockTwits: @Orion_LED_IR

Contacts

Per Brodin, CFOWilliam Jones; David CollinsDaniel Gould, President
Orion Energy Systems, Inc.Catalyst IRSynergy Investment, Inc
pbrodin@oesx.com(212) 924-9800 or OESX@catalyst-ir.com(508) 366-0200 or
dgould@synergyinv.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/989d1861-ef64-4030-9217-1d89b4a7a301


Harris LDR LED Troffer Retrofit lighting fixture kit