US29268T4094 - Common Stock - After market: 0.6418 +0.04 (+7%)
NASDAQ:EFOI (2/3/2023, 7:00:01 PM)-0.08 (-11.25%)
|GICS Industry||Electrical Equipment|
|Earnings (Last)||08-11 2022-08-11/bmo||Earnings (Next)||03-15 2023-03-15/amc|
|Ins Owners||1.05%||Inst Owners||4.99%|
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Energy Focus, Inc. designs, develops, manufactures, and markets energy-efficient LED lighting products. The company is headquartered in Solon, Ohio and currently employs 58 full-time employees. The firm develops, markets and sells light-emitting diode (LED) lighting and controls products and UVCD products in the commercial market and military maritime market (MMM). The firm specializes in LED lighting retrofit by replacing fluorescent, high-intensity discharge (HID) lighting and other types of lamps in institutional buildings for primarily indoor lighting applications with commercial and military-grade tubular LED (TLED) products, as well as other LED and lighting control products for commercial and consumer applications. The Company’s products include RedCap, EnFocus,LED replacement fixtures, Industrial grade LED Dock lights; and nUVo Tower and nUVo, Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED.
ENERGY FOCUS INC
32000 Aurora Rd Ste B, 32000 AURORA ROAD
Solon OHIO 44139
CEO: James Tu
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Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable, energy-efficient lighting and controls systems for the commercial, military, maritime and consumer markets, announced upcoming plans for expanding its product lines to include innovative LED power supply products utilizing Gallium Nitride (GaN) technology for improved efficiencies and thermal management. This product offering builds off the previously announced strategic investment by Sander Electronics, who is partnering with Energy Focus on product and supply chain innovations. The two parties plan to expand their production and sales of components and end products in energy-related fields such as the GaN power supplies through joint technical cooperation and development to pursue expected opportunities in the fields of energy conservation, energy storage, photovoltaics, and energy management systems.
Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable, energy-efficient lighting and controls systems for the commercial, military, maritime and consumer markets, today announced that it entered into definitive securities purchase agreements with certain purchasers associated with Sander Electronics for the issuance and sale of 5,446,252 shares of the Company’s common stock, in a private placement priced at-the-market under the rules of The Nasdaq Stock Market (“Nasdaq”). The closing of the private placement is expected to occur on or about January 20, 2023, subject to the satisfaction of customary closing conditions.
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