Orion Energy Systems, Inc. (NasdaqCM:OESX) will look for M&A opportunities. Mike Altschaefl, Chief Executive Officer and Chairman said, “While business and economic turbulence related to supply chain issues is impacting customer project timelines in the near term, we remain confident in the strong industry position we have built for Orion to achieve our long-term growth goals. With our cash position and untapped access to our $25M credit facility, Orion has a very sound financial base to support our growth.

To this end, we continue to explore M&A opportunities to expand our capabilities and growth potential and believe this remains an exciting avenue to strengthen our customer offerings and build stakeholder value”.