Energy Focus Awarded $3 Million Contract Extension with a Major Healthcare Provider
July 30 2019 - 9:20AM
Energy Focus, Inc. (NASDAQ:EFOI), a leader in LED lighting
technologies, today announced that it has been awarded a new $3
million contract to supply LED solutions to a leading healthcare
organization based in northeast Ohio. This award is an extension to
an existing contract with this client. The Company has also
received its first orders of approximately $500,000 under the new
contract.
Since 2015, Energy Focus has been providing LED solutions to
replace existing fluorescent lights in this client’s
facilities. The initial phase of the LED upgrade project—the
largest of its kind in the healthcare industry in the U.S.—included
approximately 440,000 tubular LED lamps and 37,000 dimmable LED
downlights. The installation covers its main campus near downtown
Cleveland, several satellite locations, as well as family
healthcare centers throughout northeast Ohio.
Prior to selecting Energy Focus for the current project, the
client went through an evaluation of 20 lighting brands ultimately
selecting Energy Focus. This latest contract extension will expand
the lighting upgrade to the facilities in Akron, Ohio, and Florida,
as well as the rest of its main campus. In addition to the T8
replacement TLEDs and downlights, the new contract will also
include Energy Focus’ T5 LED lamps, the RedCap® Emergency Battery
Backup LED lamps, Twin Tubes (U-Bent replacement), and LED
lamp-based retrofit kits and fixtures.
"We are honored that this long-term client, which has been
leading the global healthcare industry not only in medical science
and patient care but also in healthy building and environmental
sustainability initiatives, continues to choose Energy Focus as its
LED lighting partner," said James Tu, Chairman and CEO of Energy
Focus, Inc. “Through our high quality, flicker-free LED products,
the client has experienced significant, well documented energy and
carbon footprint reduction, maintenance savings as well as improved
environment for its staff and patients. We very much look forward
to continuing to support the client’s visionary and ambitious
sustainability goals with our innovative LED lighting
solutions.”
“This extended contract from one of the most influential
healthcare providers in the world is a great testament to the
reliability and performance of our technologies and to our company
overall,” said Mike Somers, VP of Business Development of Energy
Focus. “We went through a rigorous approval process and our
products have received positive and enthusiastic client feedback
throughout the initial phase of the lighting upgrade. We look
forward to expanding and deepening the partnership as the client
continues to grow their global footprint.”
About Energy Focus
Energy Focus is an industry-leading innovator of
energy-efficient LED lighting technologies. As the pioneer of
direct-wire LED tubes and creator of the first UL-verified low
flicker LED products, Energy Focus products provide extensive
energy and maintenance savings, and aesthetics, safety, health, and
sustainability benefits over conventional lighting. Since 2007, the
accumulated failure rate of our LED products has been well less
than 0.1%, meaning over 99.9% of the millions of products we sold
are still working today. 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. Energy
Focus is headquartered in Solon, Ohio. For more information, visit
our website at www.energyfocus.com
Media Contact: Ashley Tolfo Energy Focus,
Inc. (800) 327-7877
Investor Contact: Satya Chillara Darrow
Associates, Inc. (510) 396-2776 ir@energyfocus.com
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