2020-09-17
Energy Focus announced that it has been awarded a new indefinite-delivery, indefinite-quantity (“IDIQ”) contract to supply lighting products to the U.S. Navy. The contract is worth up to US$4.8 million.
This five-year IDIQ contract calls for Energy Focus to exclusively supply its LED lighting products 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 ...
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2020-08-14
Energy Focus announced financial results for its second quarter ended June 30, 2020. The company reported net sales of US$3.3 million, up by 8.2% compared to 2Q19 and down by 11.8% sequentially from the first quarter of 2020 reflecting the shift in the timing of the shipment of a portion of a certain military contract order from the second quarter to the third quarter of 2020.
Loss from operations improved by $1.2 million year-over-year, and by $0.3 million compared sequentially to the first quarter of 2020. Net loss of $4.3 million, or $(1.36) per share, inclusive of a $3.3 mi...
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2020-05-15
U.S.-based LED lighting company Energy Focus announced its 1Q20 financial resulted and posted a 19.1% YoY revenue growth despite the economic headwinds resulted from the COVID-19 pandemic.
In 1Q20, the net sales of Energy Focus came to US$3.8 million, increased by 19% YoY compared to US$3.2 million in 1Q19. Commercial products accounted for 45.9% of the revenue and 54.1% of its sales came from military and maritime products, increased from 37.6% in the first quarter of 2019. Gross profit was US$1 million with a gross margin of 27.3%, which increased by 24.2...
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2020-03-20
U.S.-based lighting company Energy Focus reported financial results of fiscal year 2019 and announced new contract with U.S.-based shipbuilder.
For fiscal 2019, Energy Focus posted US$ 12.7 million for net sales, which were down by 29.83% compared to 2018. Net sales from commercial products were US$7.9 million, or 62.0% of total net sales for 2019, compared with $8.7 million, or 47.8% of total net sales, for 2018. Military and maritime products in 2019 accounted for 38.0% of total net sales with US$4.8 million. Adjusted EBITDA was a loss of US$5.9 million for 201...
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2020-02-25
Energy Focus, a U.S. LED lighting company, announced that it has been awarded a contract valued at approximately US$3.4 million to supply tubular LED lighting products to the U.S. Navy by Defense Logistics Agency (DLA), a combat support agency in the U.S. Department of Defense with more than 26,000 civilian and military personnel throughout the world. The Company expects to deliver on the contract beginning in the second quarter of 2020 with completion expected by year-end.
James Tu, Chairman & CEO of Energy Focus, said, “This contract refle...
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2017-03-08
SOLON, Ohio, Mar. 7, 2017 -- Energy Focus, Inc. (NASDAQ:EFOI) was the recipient of the prestigious Sapphire Award for its RedCap™ and Network Ready Tubular LED (TLED) lighting products at the 2017 Strategies in Light & The LED Show. The winners were announced at the awards gala held on March 1, 2017 at The Grove Anaheim in Anaheim, California.
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2017-01-06
Energy Focus, a leader in LED lighting technologies, today announced its new 500D series tubular LED lighting products are the first in the U.S. verified as “Low Optical Flicker, Less Than 1%” by UL, a leading global safety science company for products including electrical devices and components. The designation confirms Energy Focus’ industry-leading status as an innovator of LED lighting technology and commitment to developing flicker-free lighting.
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2016-10-03
Entire family of 2-ft Tubular LEDs and fixtures are first competitive choice for Navy in nearly 70 years
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2016-09-07
“Network Ready” forward-compatible TLED enables lighting controls and minimizes total cost of LED lighting retrofit
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2016-06-17
Energy Focus, a leader in LED lighting technologies today announced that James Tu, Chairman, President and CEO of Energy Focus, Inc., received the EY Entrepreneur Of The Year® 2016 Award in the technology category in Northeast Ohio. This year marks the 30thanniversary of theEY Entrepreneur of the Year Award program. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. James Tu was selected by an independent panel of judges, and the award was presented at a special gala event at the Huntington Convention Center in Cleveland, Ohio on June 9, 2016.
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2016-04-22
Energy Focus, Inc. (NASDAQ:EFOI), a leader in LED lighting technologies, today announced its development of a new generation of “Network-Ready,” dimmable LED lighting products, including dimmable tubular LED lamps (“TLEDs”) that operate in direct-wire mode (without a ballast) and dual-mode (with or without a ballast), an integrated, dimmable emergency backup TLED, and a dimmable luminaire. These products, along with other newly developed products from Energy Focus, will be featured at the company’s booth (#5955) at Light Fair 2016 being held at the San Diego Convention Center on April 26-28, 2016. (See: //www.energyfocusinc.com/wp-content/uploads/LightFair-2016-Featured-Products.pdf).
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2016-04-06
Energy Focus, Inc. (“Energy Focus”) promises to provide a hassle free warranty to the original end user (“Customer”) for its LED Lighting Products (“LED Product”) wherein the LED Product will be free from defects in materials and workmanship under normal use and service for a period of ten (10) years from the date of purchase by the Customer (the invoice date); provided the LED Product is installed to the specifications provided in the corresponding Energy Focus Product Specification Sheet. It is the responsibility of Customer and Installer to obtain Specification Sheet from Energy Focus prior to Installation.
The above ten (10) year warranty applies to the following LED Product series:
‧LEDFL Tubular LED Lamps,
‧LEDDL LED Dock Lights,
‧EFO-LEDSG & EFO-LEDLG Globe Lights,
‧LEDGL LED Hazardous Globe Lights,
‧LEDWP & LEDRFK Retrofit Kits
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2015-12-21
SOLON, Ohio, Dec. 18, 2015 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ:EFOI), a leader in LED lighting technologies, today announced that Rhonda Courtney, business development director for Energy Focus, has been appointed the National Association of Energy Service Companies (NAESCO) Affiliate Advisory Committee Chair.
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2014-09-02
Secretary of the United States Navy, Ray Mabus, was excited to reveal that he is helping the Navy save millions of dollars, more than 150 million dollars to be exact, and is saving 3 percent of fuel costs per year for fleets being converted over to LED lighting by Energy Focus.
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2013-07-05
Energy Focus recently announced that the Company was recently visited by Ohio's 14th District US Congressman David P. Joyce, Member of the United States House Committee on Appropriations. At its headquarters facility in Solon, Congressman Joyce toured the facility observing EFOI employees assembling LED lighting products the Company supplies to the US Navy.
"We are especially pleased to host Congressman Joyce at our facility, and pleased to be able to build high efficiency LED lighting products for the US Navy," said James Tu, Ener...
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2013-05-08
Energy Focus, Inc. announced the Company, through Stones River Companies LLC, its wholly owned subsidiary, has been awarded contracts for government buildings totaling $4.9 million in the first four months of 2013. The orders represent approximately 50% growth over the same period last year, and include installations of LED lighting in public housing projects and schools.
"We are pleased to see strong growth momentum in our lighting retrofit business, as government entities at national, state and local levels have embarked on initiatives to achieve higher energy efficie...
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2012-11-16
Energy Focus, Inc. recently has been awarded totally $6.9 million of several additional lighting retrofit contracts. The new contracts include retrofits to upgrade the lighting of an international Fortune 500 company, seven school systems, a large hospital complex in Kentucky, several locations at a large non-profit provider of senior living communities and the public buildings for a city in the Southeast. E Energy Focus' SRC business has completed the audit of the facilities, inventoried their lighting systems, created an approved energy savings design for these contr...
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2012-08-15
Energy Focus, Inc. announced financial results for the second quarter ended June 30, 2012. Financial results for the second quarter of 2012 include the following: -- Net sales were $7.7 million compared to $8.2 million for the second quarter of 2011. -- Gross margins improved to 22.2 percent of net sales compared to 18.9 percent of net sales for the second quarter of 2011. -- The net loss of $0.9 million improved $0.3 million compared to the second quarter's 2011 net loss of $1.2 million on $0.5 million lower sales. &...
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2012-06-06
Energy Focus has received totaling $2 million lighting retrofit contracts. The new projects include retrofits to upgrade the lighting of a Fortune 500 manufacturing facility as well as lighting retrofits at several locations of a large hospital complex located in the Southeastern U.S. Included also were lighting retrofits at a school district in the Northeast as well as a community college and state building complex in the Midwest. Energy Focus has completed the audit of the facilities, inventoried their lighting systems, created an approved energy savings design f...
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2012-05-17
Recently, U. S. Navy ships have placed $1.5 million order to Energy Focus, Inc., for IntelliTube(TM) LED fluorescent replacement tubes, IntelliTube LED berth light fixtures and a variety of high performance LED globe fixtures. According to Roger Buelow, Energy Focus CTO, "Energy Focus LED products have a 50,000-hour lifespan compared to the 1,000-hour bulbs in incandescent globes and 7,500-hour fluorescent tubes while using less than half the energy. In addition, our LED fixtures are designed for easy installation. The globes use th...
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2012-03-14
Energy Focus, Inc. has entered into a five year cooperation agreement with Taiwan based Communal International, Inc., to develop the Asian market for EFOI LED products. Under the agreement, Communal International will introduce the Energy Focus to new potential customers and suppliers; assist in reducing the costs of manufacturing EFOI's goods and products; improve the quality of raw materials, components and sub-assemblies; assist in the development of an Asian distribution and supply chain. In return, Communal International will act as Energy Focus&#...
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2012-02-08
Recently, Energy Focus, Inc. has awarded several additional lighting retrofit contracts for 2012 totaling $2.5 million, which including retrofits to upgrade the lighting of a Fortune 500 manufacturing facility in the United States, a University in the Midwest as well as a number of school systems in the Southeastern United States. According to the company’s CEO Joseph Kaveski,, "I'm especially pleased to report the award of these new contracts. Our Solutions business is off to a great start in 2012, and we continue to see an increase in the amount of E...
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2011-12-23
Energy Focus has completed an installation of more than 600 new LED lighting fixtures for USS Chafee (DDG 90). According to a recent Naval Sea Systems Command (NAVSEA) press release, "The new fixtures have a minimum 50,000-hour lifespan compared to the 1,000-hour incandescent globes and 7,500-hour fluorescents. The ship is expected to save more than $50,000 per year using the new lights. Savings are expected to exceed $100,000 per ship per year when the scope is expanded to include the T12 fluorescent fixtures. In early 2012, USS Preble (DDG 88) is ...
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2011-11-11
Energy Focus has harvested totaling $2.5 million awards in key additional lighting retrofit contracts.
The new projects include retrofits to upgrade the lighting at a new Fortune 500 company as well as a large school system in the Southeastern United States.
Currently,the company has completed the audit of the facilities, inventoried their lighting systems, created an approved energy savings design for these contracts and is now procuring the materials and overseeing the lighting installations.
Joseph Kaveski, CEO, Energy Focus, commented: "I am encouraged by th...
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2011-09-08
Energy Focus, Inc., a leader in providing energy efficient lighting solutions, today announced that it was recently awarded a $5 million lighting retrofit contract with a leading Southeastern Energy Services Company.
The contract includes projects to upgrade the lighting of numerous military and government facilities in the Southeastern region of the United States over the next two years. Energy Focus will perform the audit of the facilities, inventory their lighting systems, create an approved energy savings design, procure the materials and oversee the lighting and electric...
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2011-08-05
Energy Focus has been awarded a $23 million Navy supply contract to provide LED fixtures and its proprietary IntelliTube LED lamps for use on the U.S. Navy fleet.
"EFOI's advances in LED technology will allow the Navy to save 50-90% of their lighting energy cost," said Roger Buelow, Energy Focus CTO.
The majority of the contract includes sales of fixtures using the company's new IntelliTube(TM) lamps, which are intelligent plug and play LED lamps to replace the existing linear fluorescent tube lamps used in most of the Navy's ...
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2011-07-20
Energy Focus has received a $1 million grant from the Ohio Third Frontier Sensors Program to develop an ultra-low cost light sensor to complement IntelliTube(TM), Energy Focus' LED based fluorescent replacement technology. Roger Buelow, Energy Focus CTO thought it was exciting to be selected for the Ohio Third Frontier Sensor grant. He thought the funding would accelerate the development of CRICKET ('Cost-effective Real-time Intelligent Collective Knowledge Environmental Transmitter'), the world's first ultra low-cost wireles...
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2011-04-21
Lately, the research and development team from Energy Focus, Inc. have received a $600,000 Phase 2 Small Business Technology Transfer ("STTR") program grant named as “Innovative Solid State Lighting Replacements for Industrial and Test Facility Locations," from the National Aeronautics and Space Administration ("NASA"). Roger Buelow, Energy Focus CTO, was delighted to have received the Phase 2 notification grant, and commented that “The award is to replace existing test stand and parking lot fixtures with high per...
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2010-04-02
Energy Focus, Inc. today announced that its turnkey lighting retrofit division Stones River Companies, LLC ("SRC") was recently awarded three additional lighting energy services contracts totaling $2.1 million, coming to a total of $16.5 million contracts awarded to Energy Focus' new business unit.
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2010-01-29
Energy Focus Inc. of Solon, Ohio USA, reports that its research and development team received three LED lighting awards totaling $1.6 million. Two of the awards , "Explosion-Proof Solid State Lighting for Extreme Environments" and "A Spectrally Dynamic Berth Light for Active Circadian Cycle Management" are Phase 2 Small Business Innovation Research (SBIR) grants from the Defense Research Projects Agency (DARPA).
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