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Here is the news.
Date Research Firm Action From To
10-Dec-14 B. Riley & Co. Initiated Buy
News out this morning company up graded to "BUY"
What a wild 2 days of trading.With this low float can have wild swings.I believe if we get some knock out news we fly North real hard!
I hear ya on the Energy Name! Energy stocks have been getting pounded.
Hard to believe you could of even bought cheaper then that today.I hope 2015 will be a big year!
I believe the news was great today. 2015 will be the year Energy Focus gets noticed,I strongly believe this!
I did not expect this pull back!
You are correct we are now seeing the turn around in the company.I suggest everyone to listen in on CC at 11am EST. It will be a up beat CC.
I could be wrong,I don't recall any company having a CC before earnings.My bet ,we will see earning morning before CC.
Huge volume today! We finished up from low of the day.Tomorrow is earnings and I believe we see huge volume tomorrow! I won't say which way we will move,but I sure hope it is up!
From my understanding from James our CEO is that the small company such as EFOI has a much smaller product line and can concentrate and focus on that specific product and have the advantage over a company like CREE which has many products and large expense into RD area.
I am sorry if it sounded like I was suggesting you said a R/S .I was just saying when I read it just hearing the price I was thinking you might of been thinking that even though you were not thinking that.I should not of posted the thing about R/S at all.
I will just get back about Energy Focus. We had a great day and I loved how the stock finished strong at the end of trading.I believe the CC this week will draw some nice attention to the company.Have a nice weekend. I am sorry again ,if I came across the wrong way!
Key number we broke 6.50 a share real nice day! Looking forward to earnings next week!
You scared me for a second! When I read about what you said about needing to get to 30 dollars I thought you were going to say we would need another R/S . I am not sure how high we can go! I know James has said we have just began to penetrate the market. Just so everyone knows I have Written James our CEO before and without question he will reply to you. We know about Navy,Maritime ,commercial! Just remember this company has taken a look at the Agricultural potential for LED lighting could be huge! It is something he said he is not pursuing today but is watching closely!
I hope everyone on this board will take the time to listen in to the CC next week. I can't wait!!!!
What is interesting they have been for last several years having there CC after closing bell.This will be 11am EST .If it was a bad earnings I would think they would wait to after the bell! I will be listen again.
It was another piece to the puzzle ! Company is getting more and more noticed! Soon I expect to see some orders from the big state of Texas. Stock also made a nice rebound in price toward close to finish up around 5% nice day!
Huge news out! Stock up huge pre market!
Energy Focus Receives Another Record Order for the U.S. Navy
Energy Focus, Inc. 15 minutes ago GlobeNewswire
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SOLON, Ohio, Oct. 7, 2014 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (EFOI), a leader in LED lighting technologies, today announced that the Company has received a $7.9 million order for the United States Navy—its second large order for the Navy in less than 30 days. This order is expected to be delivered throughout the first half of 2015, and is now the single largest in the Company's history, topping the $7.7 million order received in September.
As with the $7.7 million order received last month, this $7.9 million order is entirely for Energy Focus' military Intellitube(R) LED retrofit tubes. This industry's only true plug-and-play technology based on proprietary and patented circuit designs allows for direct fit into existing fluorescent sockets with or without the ballast in place. To date, the military Intellitube(R) is now installed on approximately 160 naval vessels in the U.S. Navy fleet. Upon delivery of this order in the first half of 2015, the U.S. Navy will have converted just over 10% of its fluorescent tubes with Intellitube(R).
"We have worked diligently to gain the confidence and recognition of the Navy for our LED lighting products and are optimistic that the Navy fleet's transformation into LED lighting will continue to expand," said Eric Hilliard, President and Chief Operating Officer of Energy Focus. "We are particularly pleased that based upon the 2015 Department of Defense Appropriations Bill, the Senate appropriations committee commends the U.S. Navy for its increasing use of LED lighting throughout the fleet, and encourages the Navy to continue these conversion activities."
"It is evident the U.S. Naval command is enthusiastic and supportive of the conversion to LED lighting, and we are extremely honored to be the Navy's partner to drive this conversion at an accelerating pace," said James Tu, Executive Chairman and Chief Executive Officer of Energy Focus. "As is typical in disrupting technologies, now that the market penetration rate for Navy combat ships is surpassing 10%, we look forward to faster, broader and less seasonal adoption of LED lighting by the Navy in the coming quarters and years."
"In addition, now with proven energy savings, maintenance savings, and higher quality of light resulting in better working conditions for the sailors, we believe the Navy's pioneering and aggressive LED adoption will catalyze LED adoption to additional U.S. government constituencies, including the Military Sealift Command, Coast Guard, military bases and other federal agencies. We are excited to leverage our proven credentials, government sales and distribution networks, as well as our technological leadership in tubular LEDs—now listed on the GSA Schedules—to expand our market reach and leadership in the government market," concluded Mr. Tu.
New lamp out today! This was found on EFOI website!
500D Series LED Tube
Introducing the New Energy Focus 500D Series
With the Energy Focus 500D Series, you can be confident that you have proven and superior lighting quality at the lowest total cost available today to provide maximum energy savings.
Industry-leading 150 lumens per watt (LPW)
DLC listed
Flicker-free
Replaces T8 and T12 tubes
The 500D Series tube makes de-lamping fixtures an option for even greater energy savings while providing an improved quality of light light.
The 500D series tube is available in:
Clear lens: (48”) 4’, 11 watt industry leading tube, 150 LPW (Frosted lens option is 136 LPW )
*The Frosted lens option diffuses the light for a softer appearance.
Energy Focus LED retrofit tubes are single-ended electrically connected tubes that do not use ballasts in existing fixtures, thus making ballasts obsolete. Ballast life is typically 3 to 5 years. Once a ballast fails, they must be replaced resulting in additional material and labor costs. Energy Focus LED tubes bypass the ballast for a direct wire into the fixture and last 50,000 hours (15+ years at 8 hrs. /day) before a replacement may be needed.
For the lowest total cost of ownership with maximum energy savings, retrofit lighting fixtures with Energy Focus LED tubes.
Specifications
EFOI made top 6 with highest % upward on NASDAQ
Top 10 Nasdaq-traded stocks posting largest percentage increases
Associated Press
15 minutes ago
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NEW YORK (AP) -- A look at the 10 biggest percentage gainers on Nasdaq at the close of trading:
Move Inc. rose 37.1 percent to $20.96.
CyberArk Software rose 16.9 percent to $32.01.
CIM Comcl Trst rose 16.2 percent to $22.08.
Tiptree Financial rose 14.7 percent to $8.26.
Addus HomeCare rose 13.3 percent to $19.60.
Energy Focus Inc. rose 12.0 percent to $5.82.
TriVascular Tech rose 11.8 percent to $14.48.
Achaogen Inc. rose 11.4 percent to $8.96.
K2M Group Holdings rose 11.3 percent to $14.43.
Glen Burnie Bancorp rose 11.1 percent to $12.62.
Nice news out this morning!Should open doors for much more growth!
U.S. General Services Administration (GSA) Lists Energy Focus Tubular LED Products on Its Procurement Schedules
Listing Provides Easy Procurement for All Buildings and Agencies Supported by the GSA Throughout the United States
Energy Focus, Inc. 4 minutes ago GlobeNewswire
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SOLON, Ohio, Sept. 30, 2014 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (EFOI), a leader in LED lighting technologies announced that as of September 29, 2014, its tubular LED (TLED) lighting products are now listed on the US General Services Administration (GSA) Schedules. This listing makes Energy Focus LED products readily accessible to GSA's procurement channels for all buildings and agencies throughout the United States. The GSA owns and leases over 375 million square feet of space in 9,600 buildings in more than 2,200 communities nationwide.
The GSA assists with procurement for U.S. government agencies and partners. As part of this effort, it maintains the GSA Schedules—composed of pre-negotiated contracts with qualified suppliers—from which other agencies can view and purchase approved products and services with assurances that the suppliers have passed stringent contracting standards based on past, proven performances.
"Our successful listing on the GSA Schedules is just another milestone on our path to serving the federal government in their mission to improve sustainability standards throughout federal properties, with our industry leading TLED lamps," said Eric Hilliard, President and Chief Operating Officer of Energy Focus.
Currently fluorescent lighting, which uses an excessive amount of energy, accounts for an overwhelming majority of all lighting fixtures installed in government facilities. Lighting accounts for a quarter of the total energy usage in government buildings. Energy Focus high-efficiency LED tubes can reduce energy consumption from fluorescent tubes by over 50%. In doing so, the federal government could reduce 10% of its building energy usage and carbon footprint by switching to Energy Focus TLEDs today, with payback in just a few short years. Few other energy efficiency technologies can provide such dramatic energy savings, as well as appealing investment returns.
"Our growth plan is to focus on expanding into and leading the vertical markets where our products can have an immediate and irresistible economic impact and advantage," said James Tu, Executive Chairman and Chief Executive Officer. "Our partnership with the U.S. Navy, where we have received overwhelmingly positive testimonials from both the fleet and the key decision makers in the defense department, lends invaluable credibility for us to effectively address and compete in the federal government market. With our listing on the GSA Schedules, we can now work with the Energy Service Companies (ESCOs) as well as a broad range of federal agencies to address the government's burning need to achieve ever more pressing sustainability goals, through LED lighting retrofit for the federal buildings."
For more information on Energy Focus lighting solutions, please visit www.EnergyFocusInc.com.
When I read this from the Companies PR sure looks bad.I always thought they expanded way to fast. Below from PR
As a result of the Notice, a total of $1,526,103 is due and payable by September 29, 2014. The Company does not believe that it will be able to pay that amount by September 29, 2014. If it is unable to timely pay such amount, there will be no Floor Price for conversions of the Debentures.
This was down 3 cents after hours now up 10 cents! I think we will have high volume again tomorrow!
I see my self holding for sometime unless for some reason we get a spike to near 20 dollar range then I my look at it differently if it is a fast spike! I know they have a game plan and have stuck to it! Unreal to see over 3 million shares traded today! I expect some pullback possible tomorrow. If we end higher that would be great.
James said each of these areas have $Billions potential and they are now penetrating into these markets.
ESCO- Municipality, University, Schools, Hospitals
Commercial/Industrial
Military and Commercial Maritime
James did it news today look at the price pre market Largest order ever news out .James is getting it done!!!!!!
Energy Focus Receives the Single Largest Order in the Company's History
Energy Focus, Inc. 8 minutes ago GlobeNewswire
SOLON, Ohio, Sept. 11, 2014 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (EFOI), a leader in LED lighting technologies, today announced that the Company has received a $7.7 million order for the United States Navy combatant ship forces. This order, most of which is expected to be delivered throughout the remainder of 2014, represents the single largest order in the Company's history.
This new delivery order is entirely for Energy Focus' Intellitube(R) LED retrofit tubes. This true plug and play technology allows for direct fit into existing fluorescent sockets with or without the ballast in place. The proprietary circuit and LED lamp designed by Energy Focus is now employed and installed in more than 140 naval vessels in the vast U.S. Navy military fleet, up from fewer than 20 in the beginning of 2014.
"Over the past year, we have built extensive relationships with the U.S. Navy at various levels from the Pentagon to the ship forces, which now are broadly aware of the economic and sustainability benefits of our LED technologies, as well as the availability of our LED products," said Eric Hilliard, President and Chief Operating Officer of Energy Focus. "We are extremely excited about and grateful for the unwavering commitment to energy and maintenance savings, as well as carbon reductions made by the leadership in the U.S. Navy. We are equally committed to working with and supporting all constituencies from the Navy to expedite their LED adoption initiatives in the quarters and years to come."
Very well stated! I want to take back something I said ,The Company never brought on board a General.Where was my head! This is whom they did bring on! rear admiral
US Navy Retired
Kendell Pease became General Dynamics vice president – Government Relations and Communications in May 2006. He previously had served as vice president – Communications, since May 1998, when he joined General Dynamics. Pease retired from General Dynamics in January of this year after 15 years with the Company and is now heading a Government Relations and Public Relations consulting firm.
Prior to joining General Dynamics, Pease served 30 years in the U.S. Navy as a public affairs officer and was the Navy's Chief of Information from July 1992 to April 1998. He retired from active duty in May 1998 as a rear admiral.
Pease was born in April 1945 in Boston, Mass. He enlisted in the U.S. Navy in 1963. He received a bachelor's degree from the U.S. Naval Academy in 1968 and a master's degree in mass communications from American University in 1975. He is the recipient of four Silver Anvil awards from the Public Relations Society of America for excellence in public relations. He is a member of the board of the Armed Services YMCA, Metro-USO, and the National Capital Area Council of the Boy Scouts of America, Trustee, United States Naval Academy Foundation, Trustee, US Naval Institute and is on the board of Heroes & Families Foundation.
This is the only stock I have held when they said they were going to do a R/S . I have always seen bad results after that.They were also stocks either on Pink Sheets or over the counter. I was close to selling here because I did not want a R/S I read over and over what they had said and also there plans to get back on Nasdaq. I am so very very happy I held!I also added more shares after the R/S at 4.75 a share now that looks cheap. I think this is still a unknown Gem with what I believe will show rapid growth in the LED lighting Industry!
Cramer said something interesting on CNBC tonight!
Cramer said expect Obama to announce a big increase in Defense spending in his speech Wednesday. I have owned shares here several years and remember very well our for CEO Joe talk about the cut backs in defense spending and it's effects on the company.This could be great news for Energy Focus and maybe some have already picked up on this! We also now have a General as part of our board!
Nice volume and price increase!
News out today!
Renowned Business Leader Marc S. Byrnes Joins Energy Focus, Inc. Advisory Board
Energy Focus, Inc. 9 minutes ago GlobeNewswire
SOLON, Ohio, Sept. 3, 2014 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (EFOI), a leader in LED lighting technologies, today announced Marc S. Byrnes, Chairman of Oswald Companies, one of the top 50 largest insurance brokers in the United States, has joined Energy Focus' Advisory Board.
"We are delighted Marc has chosen to join our Advisory Board," said James Tu, Executive Chairman and Chief Executive Officer of Energy Focus, Inc. "Marc is nationally recognized for his experience in the areas of executive benefits, compensation, and risk management with a broad knowledge of M&A, investment banking, and private equity consulting experience in both the private and publicly held corporate sectors, domestically and globally. In addition to transforming Oswald into a top national corporate insurance brokerage operation over the past three plus decades, Marc is well known for his commitment and contribution to community through his numerous civic and philanthropic affiliations throughout Northeast Ohio and the Midwest."
"Energy Focus is building the next generation LED lighting distribution network by selling to and serving end corporate customers directly with our highest performance and lowest cost LED products. We believe our clients simply could not obtain the level of performance our LED products provide for the price from traditional, multiple-layered lighting distribution channels. Marc's broad and deep connections in the business community will open up opportunities for us as we seek to expand our reach to our targeted geographical, as well as commercial and industrial vertical markets," added Tu.
"Energy Focus is on the verge of becoming one of the elite growth companies in the country by transforming the lighting landscape of businesses with its industry-leading LED products," said Marc S. Byrnes. "I am honored to support their sales and marketing efforts in an advisory role."
About Marc S. Byrnes
Marc S. Byrnes is Chairman of Oswald Companies. Under Mr. Byrnes' leadership, the 120-year employee-owned company has enjoyed significant growth and recently strengthened its position among the top 50 largest insurance brokers in the United States. The firm is also ranked among the elite top 10 privately held brokers in the country specializing in employee benefits and financial services which was founded by Byrnes when his agency merged with Oswald in 1987.
A fixture in the Northeast Ohio civic community, Byrnes served as Chairman of the Board of Trustees of the Cleveland Leadership Center (2010-2013), the preeminent organization for civic education of civic leaders; Co-Chair of the 2008-2009 United Way of Greater Cleveland's campaign and was named the 2011 United Way Volunteer of the Year. He serves as Donor Chairman for United Way Board of Trustees as well as on the Executive Committee. Byrnes is a member of the Rock and Roll Hall of Fame Board of Trustees and Development Committee and Teach for America Advisory Board. He also serves on University School's Advancement and Executive Committees and Board of Trustees and he received University School's Distinguished Alumni of the Year Award in 2012.
In addition, Byrnes serves as a Board Advisor to GBX Insurance, Public Square Partners, Referdia, Tailwind Technologies, Inc. and US Bank. Both Crain's Cleveland and Inside Business include him among the 100 most influential leaders in the Cleveland community. Byrnes served (2012-2013) as President of the 50 Club of Cleveland, the city's largest leading business society.
A 1972 graduate of University School, Byrnes earned his B.A. at Williams College in 1976.
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products, turnkey energy efficient lighting solutions and a developer of energy efficient lighting technology. Our solutions 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.
I believe if Navy does this we will have more contracts!
3
Back to Yahoo!
Should the U.S. Navy Spend $10 Billion to Build a Fleet of Floating Gas Stations?
By Rich Smith | More Articles | Save For Later
September 1, 2014 | Comments (20)
"An army marches on its stomach," Napoleon Bonaparte once said. But what about a navy?
It floats on a sea of oil. And in the modern U.S. Navy, it's America's fast combat support ships, built by General Dynamics (NYSE: GD ) , that bring the oil to the warships.
USNS Supply (T-AOE-6) -- the first of its line. Photo: U.S. Navy.
Dubbed "T-AOEs" by the Navy's Military Sealift Command (MSC), fast combat support ships such as the USNS Supply, shown above, can carry as many as 177,000 barrels of fuel in their hold -- and 2,150 tons of ammunition, 500 tons of dry food, and 250 tons of refrigerated food besides. Manned by civilian crews, the four vessels of the T-AOE class serve in the MSC's Naval Fleet Auxiliary Force, keeping U.S. carrier battle groups fueled and supplied while at sea.
But this mission may be in jeopardy.
Mandatory retirement?
Defense News reported that the Navy plans to retire two T-AOEs -- half the fleet -- over the course of the next year. Complaining that the ships are too expensive to operate in an era of constrained defense budgets, the Navy proposes replacing the all-in-one vessels with smaller, slower "T-AO" oil-supply ships and "T-AKE" dry goods-and-ammunition carriers. But this could be problematic.
Cruising at 25 knots, T-AOE-class vessels are 25% faster than the MSC's T-AKEs, and T-AOs, both of which max out at 20 knots. That's still not as fast as a nuclear-powered aircraft carrier tooling across the ocean at 30 knots or more, but it's a closer match. Defense News also noted that it takes a pair of T-AOs and T-AKEs about 50% longer than a T-AOE, working on its own, to "fill up" a carrier with ammo and jet fuel.
T-AKE dry cargo/ammunition ship USNS Lewis and Clark (T-AKE-1). Photo: U.S. Navy.
But there may be a solution to this problem. Even as it plans the T-AOE's retirement, the Navy is angling to get a new class of support vessel built, tentatively monikered "T-AO(X)." These are planned to be an improvement on the 14 T-AO oilers currently in the fleet.
Meet the T-AO(X), America's newest, fastest floating gas station
With an estimated speed of between 20 and 26 knots, the new T-AO(X) class of oiler could well turn out to be fully as speedy as the T-AOE. The new vessel is also said to have increased capability to carry dry goods and ammunition, so it could theoretically perform the T-AKEs' mission as well.
According to a Congressional Research Service report, the Navy plans to buy its first T-AO(X) tanker in 2016 for an estimated $682 million, and to put it in service four years later. However, Strategic Mobility Combat Logistics Division chief Scott DiLisio, who reports to the chief of naval operations, said costs could rise as high as $690 million per T-AO(X) oiler. Current plans call for a 17-ship build out, enough to replace all the current T-AO vessels, as well as one of the retired T-AOEs.
At $682 million a pop, we'd probably be looking at roughly an $11.6 billion program, beginning with a first purchase in 2016, pausing to evaluate any changes necessary in 2017, then resuming with a build out of one ship per year, through 2033 (with final delivery in 2037).
DiLisio's calculations notwithstanding, the Navy is counting on seeing costs come down over time -- so its cost estimate is closer to $10.1 billion for the 17 ships.
What it means to investors
Potential builders include T-AOE incumbent General Dynamics, rival defense contractor Huntington Ingalls (NYSE: HII ) , and VT Halter Marine -- which S&P Capital IQ says is a subsidiary of foreign-listed Singapore Technologies Engineering. Last summer, the Navy awarded all three companies small contracts to begin working up proposals for the T-AO(X) program.
Of the three, General Dynamics probably has the edge on winning this contract by virtue of (a) its incumbent status and (b) the fact that GD has been building out its expertise in this space with a series of recent contract wins to build tankers for civilian companies such as SEACOR Holdings (NYSE: CKH ) and Kinder Morgan (NYSE: KMI ) . With an operating profit margin of nearly 10% in its marine systems business, a win for GD could mean as much as $1 billion in extra profit. Huntington Ingalls, with a profit margin of just 7.5% from shipbuilding, would get significantly less out of a win, and thus benefit investors proportionately less.
The upshot: Defense investors should probably be rooting for General Dynamics to win this one -- and invest appropriately.
Warren Buffett: $13 billion cash-cow facing “real threat” -5.3.2014
Silicon Valley just put Buffett’s best investment on notice. He admitted to 40,000 shareholders that this breakthrough technology is a “real threat”, and a leading research firm says it’s not a matter of “if…but when” they pull the trigger. But above the noise of nervous investor’s retreat and CNBC crying “new battleground”, the smart money is whispering: “$2 Trillion Opportunity”.
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USNS Guadalupe (T-AO-200) dwarfs its customer as frigate USS Ingraham (FFG-61) pulls alongside for a fill-up. Photo: U.S. Navy. Less
This is a new article on Energy Focus by Seeking Alpha should get noticed
Time For Investors To See The Light: Energy Focus Is Undervalued Relative To Its Peer Group, Patent Portfolio And Growth Prospects
Aug. 22, 2014 7:00 AM ET | About: Energy Focus, Inc. (EFOI) Subscribers to SA PRO had an early look at this article. Learn more about PRO »
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
Investors have been slow to recognize the successful transition and significant revenue growth, gross margin expansion and narrower operating losses.
The reverse split last month (being mistaken as a sign of weakness as evident by the 20% stock price decrease) resulted in an uplisting to NASDAQ.
The stock trades at a meaningful discount to its peer group despite a more attractive growth outlook.
The (overlooked) IP portfolio is worth ~2x the EV of the company.
The sale of the non-core pool products business last year (with proceeds used to repay the line of credit) and conversion of convertible debt in 1Q14 strengthened the balance sheet.
Company overview
Energy Focus (NASDAQ:EFOI) sells energy efficient LED lighting products and turnkey energy efficient lighting solutions.
The products segment provides military, general commercial and industrial offerings. Services provided by the solutions segment include lighting/energy audits, LEED upgrades as well as design, implementation and pre/post upgrade monitoring and measurement.
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Zynga looking strong! TICK TICK Football getting closer!
Great job on your posting!
It did sound when I listened to it again that they were close to finishing up some contracts.I hope they post them when they come through. I had brought this up on yahoo .I wonder if they coul dalso go after the large Cruise ships ? The fact is as James said they are a very small company.I am not sur ehow much larger he feels they need to grow.He migh twant to keep them small not sure on his thoughts there! It does seems like there is a huge potential out there like he said Billions $$$$ I would think at some point they will need to add to manufacturing unless they out source the manufacturing part,this could happen! They could get contracts coming in faster then they can handle never know!
With to days new company is looking to expand overseas !
Energy Focus, Inc. Strengthens Its Executive Leadership Team With New Vice President of Business Development and Marketing
Energy Focus, Inc. 2 hours ago GlobeNewswire
SOLON, Ohio, Aug. 18, 2014 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (EFOI), a leader in LED lighting technologies, today announced Kevin M. Beber has joined the Company in a key, newly created position as Vice President of Business Development and Marketing.
As a member of the Company's executive leadership team, Mr. Beber will focus on continuing and enforcing the development of its corporate positioning, the implementation of its marketing strategies, and expansion into international markets. In this critical strategic position, he will direct and lead the Company's marketing, product management, global business development, integrated services, third-party partnerships, and the unique and comprehensive training of the Company's expanding sales team that markets its products to end clients instead of through traditional lighting distribution channels.
"We are utterly excited to have Kevin join our executive team," said James Tu, Executive Chairman and Chief Executive Officer of Energy Focus, Inc. "Kevin Beber brings us seasoned marketing and management experience in disrupting technologies, in particular the LED lighting industry, as well as unequivocal success in sales leadership. His well-rounded understanding of the LED industry from upstream to downstream markets, as well as his extensive industry networks throughout the world, will enable us to expand our business lines, client base, partnership networks and geographical footprints in the most timely and impactful fashion."
"Energy Focus Inc. is a company poised for tremendous growth," added Mr. Beber. "We have outstanding and focused product lines, a strong and growing management team, a unique and mission-driven company culture, and are pursuing one of the biggest segments of the LED lighting market. I am excited to work with the team to build a best-in-class, rapidly growing company for energy efficient LED lighting. I am looking forward to helping the Company lead the market verticals we pursue with industry leading performance, pricing, channels and support."
About Kevin M. Beber
Mr. Beber has several years leading LED lighting technology sales, marketing and business development at the Vice President level. He has served as a Vice President in Sales, Marketing or Business Development at Luminus, Lighting Science Group, Intematix, California Eastern Labs and Philips Lumileds. He was Global Marketing and Business Development Director at Agilent Technologies. In several of the aforementioned positions, Mr. Beber grew technology sales by several hundred million dollars, including sales of LED lighting technology products. In his career, Mr. Beber has led the transformation of businesses and the creation of industry leading margins in two technology businesses.
Mr. Beber holds a Bachelor's of Science degree in Electrical Engineering from Wisconsin and an MBA in Marketing from Duke University. Mr. Beber was Chairman and Board Director for the Role Model Program in San Jose, California for six years. He graduated from Hewlett-Packard and Agilent Technologies' elite leadership program for future executive leaders. He also was elected to both HP's President's Club and BellSouth President's Club for exceptional sales leadership accomplishment.
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products, turnkey energy efficient lighting solutions and a developer of energy efficient lighting technology. Our solutions 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.
You might laugh I listened to the CC 3 times I guess I have to much time on my hand.I can't find any thing negative .If I herd correct after listening 3 times they are in final stages of more large contracts.This stock has to fly sometime!Just need to get noticed! I loaded the best I could after CC at 4.75 can even get it cheaper now! I was willing to pay up to 5 dollars a share after the CC .I felt lucky next day to get add more at 4.75 it went even lower.I think this company finishes the year strong and next year will be a year to remember for EFOI!
Did anyone else listen to CC I think a lot of good things happening with Energy Focus!
I bought more this morning! The orders looked like they are ready to come in new office coming in DC! Float around 5 Mil still small they have now started lighting in 120 ships said they are only 5% penetrated in the 300 mil project potential! General now member of board! They are set to expand. Company is looking much much better then when I first bought in over 2 years ago!
I hope others listened to CC if not will be able to listen on website! They have done a good job cutting loses! Now on over 120 Navy ships with lights and feel they are about 5% penetrated if I herd correct.Going to open another office in DC. New lamp to be announced in coming Months!
News came out after bell today!
Energy Focus, Inc.
Aug 11, 2014
Previous Release
PDF
Energy Focus Closes Public Offering of Common Stock
SOLON, Ohio, Aug. 11, 2014 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (the "Company") (Nasdaq:EFOI) today announced the closing of its previously announced public offering of 1,351,250 shares of its common stock at a public offering price of $4.50 per share, which includes the additional 176,250 shares of common stock that the underwriters elected to purchase pursuant to their overallotment option.
The Company's common stock began trading on The NASDAQ Capital Market on August 7, 2014 under the symbol EFOI.
Roth Capital Partners acted as sole book-running manager for the offering. Northland Securities, Inc. and BTIG, LLC acted as co-managers.
A registration statement relating to these shares was filed with the Securities and Exchange Commission on May 21, 2014, as amended on July 22, 2014, July 25, 2014, and August 4, 2014, and became effective on August 5, 2014.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state. Copies of the final prospectus related to the offering may be obtained by contacting Roth Capital Partners, 888 San Clemente Drive, Newport Beach, California 92660 or rothecm@roth.com, Northland Securities, 45 S. 7th St, Suite 2000, Minneapolis, Minnesota 55402, BTIG, 825 Third Avenue, 6th Floor, New York, New York 10022 or by accessing the SEC's website, www.sec.gov.
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products, turnkey energy efficient lighting solutions and a developer of energy efficient lighting technology. Our solutions 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, the U.S. Navy, and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, and the United Kingdom. For more information, see our web site at www.energyfocusinc.com.
CONTACT: Energy Focus, Inc.