Energy Focus Awarded Exclusive Contract Valued at Up To $4.8 Million from U.S. Navy
September 15 2020 - 8:30AM
Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable LED
lighting and lighting control technologies for mission-critical
facilities, has been awarded a new indefinite-delivery,
indefinite-quantity (“IDIQ”) contract, worth up to $4.8 million, to
supply Energy Focus LED lighting products to the U.S. Navy.
This five-year IDIQ contract calls for Energy Focus to
exclusively supply its Navy-qualified large LED Globe Lights
designed for demanding exterior shipboard use. These lights use
approximately 80% less energy than legacy incandescent
counterparts, while meeting the required illumination levels for
general illumination, combat, and refueling operations on most
surface fleet vessels.
In addition, Energy Focus has been awarded a General Services
Administration (GSA) Schedule Contract which allows it to provide
access to and serve all government agencies in a more timely and
efficient manner. GSA Schedules, also known as Federal Supply
Schedules, are long-term governmentwide contracts with commercial
companies. The contract enables federal as well as state and local
agencies to find, review and purchase Energy Focus’ Buy American
Act (BAA) and Trade-Agreement Act (TAA) products through the GSA
Advantage!® online shopping portal. Customers can now use Energy
Focus GSA contract number (47QSWA20D009V) for online ordering. As a
Schedule Contractor, Energy Focus will also gain access to
GSA-specific Requests for Proposals (RFPs) and Requests for Quotes
(RFQs).
“We are extremely proud to continue to be the preferred LED
lighting partner with the U.S. Navy by successfully developing and
providing advanced and proven products for the Navy’s
mission-critical applications,” said James Tu, Chairman & CEO
of Energy Focus. “And we are equally thrilled to be awarded the GSA
Schedule Contract after passing GSA’s extensive and rigorous
application and qualification process. We look forward to reaching
out and serving many more government and military agencies and
buildings with our growing portfolio of breakthrough LED, lighting
control and human-centric lighting (HCL) products that optimize not
only energy efficiency and environmental sustainability, but also
the health and wellbeing of millions of government personnel
serving our country.”
About Energy Focus:
Energy Focus is an industry-leading innovator of
sustainable LED lighting and lighting control technologies. As the
creator of the first flicker-free 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
patent-pending EnFocus™ lighting control platform enables existing
and new buildings to provide quality, convenient and affordable
dimmable and color tunable Human-Centric Lighting (HCL). 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
900,000 lighting products across U.S. Navy fleet,
including TLEDs, waterline security lights, explosion-proof globes,
and berth lights, saving more than five million gallons of fuel and
300,000 man-hours in lighting maintenance annually. Energy
Focus is headquartered in Solon, Ohio. For more
information, visit our website at www.energyfocus.com.
Forward-Looking Statements
Forward-looking statements in this release and the presentations
and information linked to in this release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Generally, these statements can be identified by the
use of words such as “believes,” “estimates,” “anticipates,”
“expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,”
“should,” “could,” “would” and similar expressions intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
forward-looking statements include all matters that are not
historical facts and include statements regarding our current
expectations concerning, among other things, the performance and
efficiency of our EnFocus™ LED lighting Control Platform compared
to other products and future development of our EnFocus™ LED
Lighting Control Platform as well as the impact of our products on
efficiency and employee well-being. By their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future. Although we base these forward-looking
statements on assumptions that we believe are reasonable when made,
we caution you that forward-looking statements are not guarantees
of future performance and that our actual results of operations,
financial condition and liquidity, and industry developments may
differ materially from statements made in or suggested by the
forward-looking statements contained in this release and the
presentations and information linked to in this release. We believe
that important factors that could cause our actual results to
differ materially from forward-looking statements include, but are
not limited to: (i) disruptions in the U.S. and global economy and
business interruptions resulting from the recent coronavirus
(“COVID-19”) health pandemic outbreak and related stay-at-home
orders, quarantine policies and restrictions on travel, trade and
business operations; (ii) our need for additional financing in the
near term to continue our operations; (iii) our liquidity and
refinancing demands; (iv) our ability to obtain refinancing or
extend maturing debt; (v) our ability to continue as a going
concern for a reasonable period of time; (vi) our ability to
implement plans to increase sales and control expenses; (vii) our
reliance on a limited number of customers for a significant portion
of our revenue, and our ability to maintain or grow such sales
levels; (viii) our ability to increase sales by adding new
customers to reduce the reliance of our sales on a smaller group of
customers, and the long sales-cycle that our product requires; (ix)
our ability to increase demand in our targeted markets and to
manage sales cycles that are difficult to predict and may span
several quarters; (x) the timing of large customer orders,
significant expenses and fluctuations between demand and capacity
as we invest in growth opportunities; (xi) our ability to compete
effectively against companies with lower cost structures or greater
resources, or more rapid development efforts, and new competitors
in our target markets; (xii) our ability to successfully scale our
network of sales representatives, agents, and distributors to match
the sales reach of larger, established competitors;(xiii) market
acceptance of LED lighting technologies and products; (xiv) our
ability to attract and retain qualified personnel, and to do so in
a timely manner; (xv) the impact of any type of legal inquiry,
claim, or dispute; (xvi) general economic conditions in the United
States and in other markets in which we operate or secure products;
(xvii) our dependence on military maritime customers and on the
levels of government funding available to such customers, as well
as the funding resources of our other customers in the public
sector and commercial markets; (xviii) the possible impact on our
military maritime customers and their ability to honor the timing
for existing orders or place future orders due to COVID-19
breakouts amongst personnel that might impact the use of ships in
service; (xix) business interruptions resulting from geopolitical
actions, including war and terrorism, natural disasters, including
earthquakes, typhoons, floods and fires or from health epidemics or
pandemics or other contagious outbreaks; (xx) our reliance on a
limited number of third-party suppliers, our ability to obtain
critical components and finished products from such suppliers on
acceptable terms, and the impact of our fluctuating demand on the
stability of such suppliers; (xxi) our ability to timely and
efficiently transport products from our third-party suppliers to
our facility by ocean marine channels; (xxii) our ability to
respond to new lighting technologies and market trends, and fulfill
our warranty obligations with safe and reliable products; (xxiii)
any delays we may encounter in making new products available or
fulfilling customer specifications; (xxiv) any flaws or defects in
our products or in the manner in which they are used or installed;
(xxv) our ability to protect our intellectual property rights and
other confidential information, and manage infringement claims by
others; (xxvi) our compliance with government contracting laws and
regulations, through both direct and indirect sale channels, as
well as other laws, such as those relating to the environment and
health and safety; (xxvii) risks inherent in international markets,
such as economic and political uncertainty, changing regulatory and
tax requirements and currency fluctuations, including tariffs and
other potential barriers to international trade; and (xxviii) our
ability to remediate a significant deficiency, maintain effective
internal controls and otherwise comply with our obligations as a
public company and under Nasdaq listing standards. Forward-looking
statements speak only as of the date they are made, and we
undertake no obligation to update forward-looking statements,
except as required by law.
Contact:
DGI Comm
EnergyFocus@dgicomm.com
212-825-3210
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