Toyota Motor North America, First to Adopt Orion Energy Systems’ New Unprecedented Energy Efficient Lighting Platform
October 20 2016 - 9:00AM
Business Wire
Companies’ partnership aligned on product
performance and energy efficiency
Orion Energy Systems, Inc. (NASDAQ: OESX) is
pleased to announce that Toyota Motor North America will be the
first Global Fortune 500 customer to install Orion’s
industry-leading third generation ISON™ Class LED High Bay fixture
in their 8.1 million square-foot Georgetown, KY manufacturing plant
since the Orion 214 lumens per watt (LPW) fixture was launched in
September. Toyota selected the ISON™ Class LED Gen III High Bay for
this sizable lighting retrofit project because the fixture, which
delivers an unprecedented 214 lumens per watt, will help them
significantly reduce the amount of energy required to light certain
areas of the flagship facility. The Georgetown facility is Toyota’s
largest vehicle manufacturing plant in the world, equal to 169
football fields under one roof.
Toyota has a total of fourteen domestic facilities and in past
years has installed more than 18,000 Orion high bay fluorescent
fixtures.
Toyota, the world leader in hybrid vehicles, and Orion, the
industry leader in high performance energy efficient LED high bay
lighting, share a vision for product performance and environmental
responsibility, which has led to a ten year partnership to reduce
the amount of energy Toyota uses for lighting in their US
manufacturing facilities. By reducing the amount of energy used,
Toyota is contributing to a better environment by reducing the
greenhouse gas emissions associated with energy production.
This energy efficiency initiative is also in line with Toyota’s
Environmental Challenge 2050, which was announced in the fall of
2015 to address key global environmental issues and reduce the
negative impact of manufacturing and driving vehicles to zero, and
also, to create value and produce benefit to society. The challenge
is composed of six individual challenges across three areas:
ever-better cars, ever-better manufacturing, and enriching lives of
communities.
The ISON™ Class LED Gen III High Bay will consume approximately
42% less energy than the average competitor’s LED high bay fixture
and has the lowest 10-year cost of ownership than any other LED
high bay fixture in the industry.
“We are excited that Toyota is the first to adopt the new ISON™
Class LED Gen III High Bay lighting platform and believe it is
testament to the trust we have earned from our long-standing global
and national Fortune 500 customers to deliver on our promises,”
said John Scribante, chief executive officer of Orion Energy
Systems. “Positioning our customers as heroes in their
organizations, industries, and communities is a constant
conversation at Orion. We congratulate Toyota for their commitment
to energy efficiency.”
About Orion Energy Systems
Orion is one of the leaders in the transformation of commercial
and industrial buildings to state-of-the-art energy efficient
lighting systems and retrofit lighting solutions. Orion
manufactures and markets a cutting edge portfolio of products
encompassing LED solid-state lighting and high intensity
fluorescent lighting. Many of Orion's nearly 100 granted patents
and pending patent applications relate to lighting systems that
provide exceptional optical and thermal performance, which drive
financial, environmental, and work-space benefits for a wide
variety of customers in the retrofit markets.
About Toyota
Toyota (NYSE:TM), the world's top automaker and creator of the
Prius and the Mirai fuel cell vehicle, is committed to advancing
mobility through our Toyota and Lexus brands. Over the past 50
years, we’ve produced more than 30 million cars and trucks in North
America, where we operate 14 manufacturing plants (10 in the U.S.)
and directly employ more than 44,000 people (more than 34,000 in
the U.S.). Our 1,800 North American dealerships (1,500 in the U.S.)
sold more than 2.8 million cars and trucks (nearly 2.5 million in
the U.S.) in 2015 – and about 80 percent of all Toyota vehicles
sold over the past 20 years are still on the road today.
Toyota partners with community, civic, academic, and
governmental organizations to address our society’s most pressing
mobility challenges. We share company resources and extensive
know-how to support non-profits to help expand their ability to
assist more people move more places. For more information about
Toyota, visit www.toyotanewsroom.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161020005386/en/
Investor Relations Contact:Orion Energy Systems, Inc.Bill
HullChief Financial Officer(312) 660-3575orMedia Relations
Contacts:Orion Energy Systems, Inc.Linda DiedrichDirector,
Marketing Communications(312) 660-3567orToyotaAshley
Chatham859-473-3709ashley.chatham@toyota.com
Orion Energy Systems (NASDAQ:OESX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Orion Energy Systems (NASDAQ:OESX)
Historical Stock Chart
From Sep 2023 to Sep 2024