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Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced the three-year renewal of a major LED lighting preventative maintenance contract with one of the nation's largest retailers. The value of the contract is estimated to be between $42 million and $45 million. The partnership involves the maintenance of LED lighting systems at approximately 2,050 locations nationwide.
The three-year renewal of Orion as the maintenance provider by this Fortune 100 enterprise customer was earned by Orion's multi-year success in organizing, managing and communicating large-scale projects involving multiple vendors across all 50 states. The customer said that its partnership with Orion served to achieve substantial reductions in overhead dedicated to maintaining its lighting systems. Orion's proactive maintenance program and prompt response to maintenance requests has ensured minimal disruptions to store operations and provides a seamless lighting experience for this major retailer's customers.
The three-year renewal takes effect in March of 2026, upon expiration of Orion's existing three-year engagement with this retail giant.
Posted In: OESX
