SOLON, Ohio, Oct. 6, 2010 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (Nasdaq:EFOI), a leader in providing energy efficient lighting solutions, today announced that its turnkey lighting retrofit division, Stones River Companies, LLC ("SRC") was recently awarded two additional lighting energy services contracts totaling $1.5 million.
Included in this work is more than $ 1 MM to upgrade the lighting, both interior as well as exterior, in several buildings for a large southeastern city. A second contract was received to upgrade the lighting for a number of county municipal buildings in the same region. SRC has completed the audit of the existing facilities, inventoried their lighting systems, created an approved energy savings design, and will now procure the materials and oversee the lighting installations.
Rob Wilson, VP of SRC, commented, "This has been a very strong year for SRC and it's great to continue to see these contracts awarded. At this point, they contribute both to the bottom line in 2010 as well as to building a backlog for work in 2011."
Joseph Kaveski, CEO, Energy Focus, Inc. added: "We continue to be encouraged by the performance of the SRC team as well as by the overall strong performance of the company in 2010."
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of turnkey energy efficient lighting solutions. These solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government includes numerous research and development projects for the DOE and DARPA, creating energy efficient LED lighting systems for the U.S. Navy fleet and the next generation Very High Efficiency Solar Cell. Customers include supermarket chains, the U.S. government, state and local governmental agencies, retail stores, museums, theme parks and casinos, hotels, swimming pool builders and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, Pleasanton, CA, and the United Kingdom. For more information, see .
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Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding our future business outlook, our products, our solutions, and our work with leading customers including governmental agencies. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Actual results may differ materially from the results predicted. For more information about potential factors that could affect Energy Focus financial results, please refer to the Company's SEC reports, including its Annual Reports on Form 10-K and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Energy Focus disclaims any intention or obligation to update or revise any forward-looking statements.
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