Orion Energy Systems, Inc. (NYSEMKT:OESX) Ventures Into Exterior LED Lighting Market

Orion Energy Systems, Inc. (NYSEMKT:OESX) has ventured into the exterior LED lighting market. It has introduced whole new set of modular exterior LED lighting products. Orion had perfectly timed the branding initiatives to roll out its modular products at Annual Sales Summit. The market for its modular products is to be expected around $53 million across the U.S. Orion started with pre-orders for the exterior products at the Sales Summit. It intends to ship orders and report revenues by fourth fiscal quarter.

The launch

Orion Energy Systems, Inc. (NYSEMKT:OESX) has planned to include LED retrofit solutions for wall-mounted and pole-mounted area lighting products at the launch. The applications are used in retail, industrial and commercial markets. Its exterior products including the ISON LED wall pack and the ISON LED area light were featured at Annual Sales Summit held from October 13 to October 14, 2014. All the products were in display during the summit. They were demonstrated to executives coming from more than 250 partners. The audience was present from 80 different firms exclusively from reseller network from the U.S.

The management view

John Scribante, the CEO of Orion said that it is an exciting moment for Orion to launch the ISON exterior LED fixtures. It can be a new start for Orion Energy Systems, Inc. (NYSEMKT:OESX) that can enhance its financial performance in the coming years. There is lot of penetration space left in the exterior products industry and Orion will capitalize on the opportunities offered in the industry.

Orion Energy Systems, Inc. (NYSEMKT:OESX) wants to design and deliver best in class solutions to retail and commercial industries. The products are well designed to well fit with the existing commercial and retail facilities. It is convenient and cost-effective to fit in with the existing facilities. Also, it will be beneficial for the new construction facilities as it is optimal and energy efficient solutions.

About the Author

Coper graduated from the University of Chicagi with majors in political science and journalism.

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