Energy Focus, Inc. awarded $2 million in additional Lighting Retrofit Contracts
Solon, OH, June 5, 2012 – Energy Focus, Inc. (OTC BB: EFOI), a leader in providing energy efficient lighting solutions, today announced that it was recently awarded several additional lighting retrofit contracts totaling $2 million.
The new projects include lighting retrofits to upgrade a Fortune 500 manufacturing facility as well as lighting retrofits at several locations of a large hospital complex located in the Southeastern U.S. Included also were lighting retrofits at a school district in the Northeast as well as a community college and state building complex in the Midwest. Energy Focus has completed the audit of the facilities, inventoried their lighting systems, created an approved energy savings design for these contracts and is now procuring the materials and overseeing the lighting retrofit installations.
Joseph Kaveski, CEO, Energy Focus, Inc. commented: “I’m pleased to report the award of these new projects. In addition to an increasing use of Energy Focus LED products, these projects are spread over the Eastern half of the U.S. indicating the territorial expansion our solutions business has been able to achieve over the past year. This expansion, along with an increase in our number of our ESCo customers is expected to result in significant growth in our solutions business beginning in the second quarter of 2012.”
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products and turnkey energy efficient lighting solutions, holding 75 lighting patents. Our solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government includes numerous research and development projects for the DOE and DARPA, creating energy efficient LED lighting systems for the U.S. Navy fleet. Customers include supermarket chains, the U.S. Government, state and local governmental agencies, retail stores, museums, theme parks and casinos, hotels, swimming pool builders and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, Pleasanton, CA, and the United Kingdom. For more information, see our web site at www.energyfocusinc.com.
Forward Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For more information about potential factors that could affect the financial results of Energy Focus, please refer to the Company’s SEC reports, including its Annual Reports on Form 10-K and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Energy Focus disclaims any intention or obligation to update or revise any forward-looking statements.