OESX News & Events

Reports Q3 revenue $21.1M vs $19.6M last year

Orion Energy Systems announced an installation project of 105 EV charging stations and related infrastructure in the Boston Public School system. The contract is valued at $4M. Orion's Voltrek division is installing 105 DC fast charging stations and related infrastructure at the Freeport Bus Yard operated by the Boston Public Schools, one of the company's largest customers and one of the most prominent school districts in the United States. Like a number of Orion/Voltrek installations for BPS, the new units feature an innovative above-ground mounting method with Jersey barriers.

Orion Energy Systems announced the launch of a firmly underwritten public offering of shares of its common stock. Orion intends to use the net proceeds from the offering for reducing amounts outstanding under its existing credit agreement, with the remainder to be used for working capital and general corporate purposes. Craig-Hallum Capital Group is acting as sole bookrunning manager for the proposed offering.