SOLON, Ohio, June 30, 2015 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ:EFOI), a leader in LED lighting technologies, today announced that it has shipped its first order for the Royal Australian Navy. The order consists of Energy Focus' military Intellitube® LED tubes and full fixture LED bunk lights for one of the Royal Navy's twelve frigate-class warships and totals approximately half a million dollars. The Royal Australian Navy fleet is made up of 48 commissioned warships.
Energy Focus, Inc., which remains the only U.S. Navy military-spec qualified tubular LED lamp provider and maintains its manufacturing and assembly capabilities for the product in the United States, is now actively pursuing expansion of the U.S. Navy qualified product to allied navies worldwide with a total addressable market for Energy Focus larger than that of the U.S. Navy.
"We are very pleased that the Royal Australian Navy chose Energy Focus as a LED lighting partner and values the unparalleled and proven benefits of Intellitube, which is now installed in over 170 U.S. Navy ships," said Dave Bina, Senior Vice President of the Military and Maritime Business of Energy Focus, Inc. "The patented plug-and-play technology Intellitube is built upon does not require removing existing fluorescent fixtures and works both with and without a ballast, thereby making the LED retrofit quicker, easier, more economic and more sustainable without generating unnecessary fixture waste and without ever needing new ballasts."
"This initial order from the Royal Australian Navy represents an exciting milestone in our strategic expansion into the foreign navies market," said James Tu, Executive Chairman and Chief Executive Officer. "Although this order was not material from a dollar standpoint, the Royal Australian Navy, which bears revenue potential in the tens of millions of dollars for Energy Focus, embraces our products and technologies after thorough evaluation, as we expect other allied navies will do in the quarters and years to come. In addition, winning the Royal Navy paves the way for Energy Focus to establish itself as a trusted and premier LED lighting brand in the broader Australian market. Therefore, we very much look forward to expanding our partnership with the Royal Navy, as well as assisting other Australian military forces, government agencies and businesses in accelerating their adoption of LED lighting with our industry leading military and commercial products."
Forward Looking Statements:
Forward-looking statements 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. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from Energy Focus' forward-looking statements. These risks and uncertainties include, but are not limited to: the expansion of our sales growth outside the United States; the benefits and performance of our lighting products; our strategy with regard to protecting our proprietary technology and any challenges to our proprietary rights; our ability to market and gain customer acceptance of new products; relationships with, dependence upon, and the ability to obtain components from suppliers and our ability to outsource manufacturing; the growth in the markets into which Energy Focus sells; conditions of the lighting industry and the economy in general; our ability to maintain or improve our competitive position; our ability to finance our product development and marketing initiatives based on future operating results; our liquidity and ability to generate cash and cash reserves; our ability to manage growth in the demand for our products and in our sales efforts; relationships with customers and distributors; and trends in the price and performance of LED lighting products. For more information about potential factors that could affect the financial results of Energy Focus, 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.
About Energy Focus
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products and a developer of energy efficient lighting technology. Our LED Lighting products provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government continues to enable us to provide energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets. Customers include national, state and local U.S. government agencies as well as Fortune 500 companies and many other commercial and industrial clients. Company headquarters are located in Solon, Ohio with additional sales offices in Washington, D.C., New York and the United Kingdom. For more information, see our web site at www.energyfocusinc.com.
Source:Energy Focus, Inc.