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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Energy Focus, Inc.    EFOI

ENERGY FOCUS, INC.

(EFOI)
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Energy Focus Business Development Director, Rhonda Courtney, Appointed Chair for NAESCO Affiliate Advisory Committee

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12/18/2015 | 08:31am EST

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.

NAESCO, the country’s foremost leading energy efficiency organization, serves as the voice of the energy services companies (ESCO) industry, supporting the efforts of its members through national and regional advocacy efforts. The association has been a key catalyst in creating, among federal and state lawmakers, regulators and energy program managers, a continuing commitment to developing and implementing energy efficient solutions for over 30 years. The newly formed Affiliate Advisory Committee was created to drive critical support to all affiliate members and enhance educational efforts around evolving new energy efficient technologies, financing and development of comprehensive efficiency projects.

“I am absolutely honored to have the opportunity to participate in such an important initiative that advances the essential contributions of NAESCO,” said Ms. Courtney. “With the ESCO industry and its partners continuing to expand the market and more innovative energy technologies becoming commercially viable, it is an exciting time to establish the Affiliate Advisory Committee. We will be dedicated to spearheading the education for the industry, as well as its customers that own or operate facilities nationwide, on these ever more advanced and economical energy efficient goods and services to help them achieve sustainability goals and reduce energy costs.”

“A unique strategy and clear differentiation of Energy Focus in the lighting industry is our consistent and indefatigable campaigns to educate our clients on the importance and value of developing and designing breakthrough energy efficient projects based on our leading tubular LED technologies that could significantly reduce buildings’ energy consumption and carbon emissions,” said James Tu, executive chairman and chief executive officer of Energy Focus, Inc. “This collaboration with NAESCO is yet another milestone to expand our advocacy effort and business development initiative in the performance contracting industry, which has played a critical and expanding role in facilitating energy savings projects for both public and private entities alike.”

“Having served as President and National Board Member for the Energy Services Coalition (ESC) and co-founded the ESC Tennessee state chapter in 2009, Rhonda has worked closely with the majority of ESCOs, as well as numerous lighting retrofit contractors across the country in her 22-year dedication to the industry. We are certain she will be able to offer her proven industry expertise to promote innovative energy savings and sustainability strategies to NAESCO’s members,” added Mr. Tu.

Terry E. Singer, executive director of NAESCO said, “Rhonda’s dedication to providing support and education to energy service companies throughout the years has made her a great leader to the Affiliate Advisory Committee. We are confident that this committee will enhance communications among the many providers of goods and services in the performance contracting market and will also help educate ever more sophisticated government and business entities on the importance of implementing long-term sustainable energy efficiency solutions.”

About Energy Focus, Inc.

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. World headquarters are located in Solon, Ohio with additional sales offices in Washington, D.C., New York City and Taiwan. For more information, see our web site at www.energyfocusinc.com

About NAESCO

The National Association of Energy Service Companies (NAESCO) celebrates 33 years of advancing the energy efficiency industry. NAESCO is the leading national trade organization representing and promoting the energy efficiency industry in the energy marketplace, the media, and the government both at the state and federal level. NAESCO's active membership consists of key energy efficiency industry leaders representing ESCOs, energy efficiency and energy equipment manufacturers, suppliers, and subcontractors. NAESCO also welcomes as members, engineers, consultants, financial/legal/insurance providers, government agencies, and thought leaders from the energy NGO and academic communities.
                                   
Energy Service Companies contract with private and public sector energy users to provide cost-effective energy efficiency retrofits across a wide spectrum of client facilities, from college campuses to water treatment plants. Effectively utilizing a performance-based contract business model, ESCOs have implemented significant comprehensive energy efficiency retrofit projects over the last three decades. To learn more about the industry and the Association, see www.NAESCO.org

 

CONTACT:
Investor Contacts:         
Energy Focus, Inc.
Marcia J. Miller, Chief Financial Officer
(440) 715-1300
ir@energyfocusinc.com
         
Darrow Associates, Inc.
Peter Seltzberg, Managing Director
(516) 510-8768
pseltzberg@darrowir.com 

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© GlobeNewswire 2015
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Sales 2019 12,5 M
EBIT 2019 -7,06 M
Net income 2019 -7,31 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -1,02x
P/E ratio 2020 -1,93x
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NameTitle
James Tu Chairman & Chief Executive Officer
Tod A. Nestor President, Chief Financial Officer & Secretary
John M. Davenport Chief Scientist
Geraldine McManus Independent Director
Jennifer Y. Cheng Independent Director
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