Energy Focus, Inc. awarded $6.9 million in additional Lighting Retrofit Contracts
Solon, OH – November 14, 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 $6.9 million.
The new contracts include retrofits to upgrade the lighting of an international Fortune 500 company, seven school systems, a large hospital complex in Kentucky, several locations at a large non-profit provider of senior living communities and the public buildings for a city in the Southeast. Energy Focus’ SRC business 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 installations.
Joseph Kaveski, Chief Executive Officer, commented, “I’m delighted to report the award of these new projects. The results demonstrate the effectiveness of our new leadership and SRC’s intensified selling efforts. The SRC team’s focus on expanding our customer base, extending our geography and increasing customer value through EFOI’s energy efficient LED lighting products is laying the foundation for further growth in 2013.”
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products, turnkey energy efficient lighting solutions and a developer of energy efficient lighting technology 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 national, state and local U.S. government agencies as well as Fortune 500 companies, the U.S. Navy, 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.