LED Lighting Systems and IoT Controls Provider Orion Energy is Added to Russell 2000 Index

MANITOWOC, Wis., July 07, 2020 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of LED lighting systems and turnkey project implementation including installation and commissioning of fixtures, controls and IoT systems, ongoing system maintenance and program management, helping customers to digitize their business and reduce their carbon footprint, today announced it has been added as a member of the US small-cap Russell 2000 Index, effective June 29, as part of the 2020 Russell indexes reconstitution. Membership in the Russell 2000 Index, which remains in place for one year, is predicated on membership in the broad-market Russell 3000 Index. Orion was also automatically added to the appropriate growth and value indexes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. For more information on the Russell 2000 Index and the Russell index’s reconstitution, visit FTSE Russell.

Orion CEO, Mike Altschaefl, commented, "Orion’s addition to the Russell 2000 is a reflection of the progress we have made in our business, achieving record results in fiscal 2020, and the strategic and operational positioning we have put in place to advance our success as markets emerge from the COVID-19 pandemic. We are gratified by our inclusion in the Russell indexes and the expanded visibility and ownership it should create for our company and our common stock.”

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