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Energy Focus Awarded $1.7 Million Contract to Provide LED Lighting for Four New Navy Ships
SOLON, Ohio, March 16, 2020 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable LED lighting technologies, has been awarded a
About this update from Energy Focus, Inc.
[{"type":"text","content":"SOLON, Ohio, March 16, 2020 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable LED lighting technologies, has been awarded a contract valued at approximately $1.7 million to supply a U.S.-based shipbuilder with LED lighting tube and fixture products. The products, which are U.S. Navy-approved, will be installed in four new navy ships through the Foreign Military Sales (FMS) program that allows U.S. allied countries to purchase defense articles and services. The Company expects to deliver on the contract beginning in the second quarter of 2020 with completion expected by the end of 2021.\n “This contract is from a new shipbuilder customer who values the innovation, performance, quality and reliability of our Navy products,” said James Tu, Chairman & CEO of Energy Focus. “This news follows our recent $3.4 million order to provide LED lighting products for existing U.S. Navy ships and signifies Energy Focus’ expanding leadership in U.S. and allied Navy markets, for both retrofit and new shipbuilding applications.” “This contract demonstrates that Energy Focus is not only the go-to LED lighting supplier for Navy retrofit, but is also well-positioned for the global ship construction market, serving both military and non-military customers,” said Tim Grindstaff, VP of Business Development. “Energy Focus has an outstanding track record of being U.S. Navy’s primary LED lighting partner since 2007. With shipbuilding activities for U.S. and allied navies expected to increase over the coming years, we look forward to continuing to expand our relationships and bringing our advanced technologies and products to serve this prestigious market.” About Energy Focus Energy Focus is an industry-leading innovator of sustainable LED lighting technologies and solutions. As the creator of the first flicker-free original LED products on the U.S. market, Energy Focus products provide extensive energy and maintenance savings, and aesthetics, safety, health and sustainability benefits over conventional lighting. Our customers include U.S. and foreign navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 companies. Since 2007, Energy Focus has installed approximately 650,000 lighting products across US Navy fleet, including TLEDs, waterline security lights, explosion-p...