This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Orion Energy Systems CEO Scribante Promises Vigorous Focus On Shareholder Value

John H. Scribante, who on Sept. 28 was named Orion Energy Systems’ Chief Executive Officer, said on Wednesday that Orion will vigorously focus on maximizing the value of its publicly traded stock.

Scribante spoke during the 2012 annual meeting of shareholders at Orion’s world headquarters in Manitowoc, Wis. He said Orion’s shareholders deserve the same outstanding return on investment as customers who benefit from Orion’s products and technology.

“Our products give us life, but profit sustains that life,” said Scribante, who prior to becoming CEO at Orion orchestrated more than three years of multi-million dollar growth while president of the company’s Orion Engineered Systems division.

Scribante stressed that considering Orion’s “awesome set of products” and its “compelling business proposition,” investors in the company deserve to be rewarded with profitability.

Orion’s CEO outlined a plan that involves beefing up the company’s direct sales force – not to compete with its nationwide network of integration partners and re-sellers, but to work alongside it.

“The promise I make to you and everyone else is, we’ve got to deliver sales every single day,” Scribante said.

Scribante said Orion’s fluorescent lighting platform remains extremely viable, and will continue to comprise Orion’s core product. However, Scribante added, Orion continues to aggressively produce and sell LED where applicable while continuing to research and develop it for broader use.

Three Orion LED fixture models recently earned DesignLights™ Consortium Qualified Products List inclusion, and this week, a new model tested at a stellar 100.5 lumens per watt – significantly better than the industry average. Missouri-based Building Acoustics & Lighting Laboratories, Inc., conducted the third party testing.

Recent strategic developments at Orion include the redesign and rebranding of InteLite ®, a high-performance lighting and advanced energy controls platform. This tier-based product-and-technology line will launch on Nov. 5.

Orion Energy Systems, Inc. (NYSE MKT: OESX) is a leading power technology enterprise that designs, manufactures and deploys energy management systems – consisting primarily of high-performance, energy-efficient lighting platforms, intelligent wireless control systems and direct renewable solar technology for commercial and industrial customers – without compromising their quantity and quality of light. For more information, visit www.oesx.com.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs