Latest news with #Nasdaq-traded
Yahoo
14-04-2025
- Business
- Yahoo
LED Lighting and EV Charging Solutions Provider Orion Appoints Board Member Sally Washlow as CEO; Confirms FY'25 Revenue Guidance
MANITOWOC, Wis., April 14, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced that Orion's Board of Directors has appointed Orion Board member Sally A. Washlow as the Company's Chief Executive Officer, replacing Michael H. Jenkins, who is leaving the company. Additionally, the Board promoted Orion EVP and President of Orion Services Group, Scott Green, to the role of Chief Operating Officer. Orion also announced that it expects revenue near the midpoint of its $77M - $83M revenue outlook range for fiscal year ending March 31, 2025. Anthony Otten, Orion's Board Chair, commented, 'We thank Mike for his leadership and many contributions to our Company the past two and half years. However, our Board believes that new leadership is necessary to better focus the Company on executing Orion's revenue growth and cost containment initiatives and returning Orion to consistent profitability. We believe Sally has the right skill set, experience and public company knowledge to lead Orion to achieve those objectives and to return our stock price to an acceptable level.' Ms. Washlow, who joined Orion's Board in 2022, is an accomplished executive leader with over 25 years of experience driving business growth, operational excellence, and financial success. With a proven track record of leadership across multiple industries, she has demonstrated expertise in strategic planning, operational transformation, and sales and marketing leadership. Ms. Washlow said, 'There is more work to be done, but I firmly believe Orion's future is bright, with long-standing, strong positions in our complementary LED lighting, EV charging station and electrical maintenance businesses. We have a solid foundation upon which to drive revenue growth, enhance profitability, and become a positive cash flow generating company.' Mr. Green has nearly thirty years of lighting industry experience. He joined Orion in 2013 with the acquisition of Harris Lighting where he served in senior leadership roles. As COO, Mr. Green will be primarily responsible for Orion's sales and project management functions. Ms. Washlow previously served as President of Nasdaq-traded Cobra Electronics and was named CEO following its transition to private equity ownership as Cedar Electronics, with total revenue over $200M. There she successfully led the company through a strategic transaction and the integration of the Cobra and Escort electronics businesses. Earlier in her career, Ms. Washlow held leadership roles at Motorola and LG Electronics, where she gained extensive experience in supply chain management, product marketing, and sales. Most recently, she has served as a Practice Leader for LHH's International Center for Executive Options, a boutique provider of executive advisory services. She has served on a variety of public and private boards and currently serves on the board of Data IO and Northbrook Bank & Trust a subsidiary of Wintrust Financial. Ms. Washlow earned a BA in Supply Chain Management from Michigan State University and a Master of Business Administration in Marketing from DePaul University. About Orion Energy Systems ( provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe and sustainable solutions that reduce their carbon footprint and enhance business performance. Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our Sustainability and Governance priorities, goals and progress here or visit our website at Safe Harbor StatementCertain matters discussed in this press release, are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will,' 'would' or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at or at in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. Twitter: @OrionLighting and @OrionLightingIRStockTwits: @Orion_LED_IROrion Energy Systems, Inc. Investor Relations Contacts Anthony Otten, Board Chair William Jones; David Collins Orion Energy Systems, Inc. Catalyst IR alotten@ (212) 924-9800 or OESX@
Bahrain News Gazette
21-03-2025
- Business
- Bahrain News Gazette
eXp Realty Launches in Peru, Creating Unmatched Opportunities for Agents to Build Their Future
Peru becomes the 25th international location to embrace eXp Realty's fast-growing global network eXp Realty Launches in Peru, Creating Unmatched Opportunities for Agents to Build Their Future Peru becomes the 25th international location to embrace eXp Realty's fast-growing global network BELLINGHAM, Wash., March 21, 2025 (GLOBE NEWSWIRE) — eXp Realty ® , the world's largest independent real estate brokerage and a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its launch in Peru , its 25th international market, thereby strengthening its global presence and offering Peruvian real estate agents a groundbreaking path to success, wealth-building, and global collaboration. 'Our expansion into Peru is another bold step as we continue building the most agent-centric real estate brokerage on the planet ,' said Glenn Sanford, Founder, CEO, and Chairman of eXp World Holdings. 'Unlike traditional brokerages that limit agents' growth, eXp empowers them with a business model that rewards their success, fuels their professional development, and connects them to a thriving global community. Peruvian agents now have access to an unparalleled opportunity to scale their businesses and take full control of their careers.' Ricardo Alfaro, Country Leader for eXp Peru, highlighted the exceptional advantages eXp offers. 'Peruvian agents now have access to a brokerage model that is not only innovative but also life-changing. eXp Realty is not just another real estate company – it's a movement where agents truly thrive through collaboration, equity ownership, and global business-building opportunities.' Why Peruvian Agents Are Making the Switch to eXp Realty With its cloud-based model and proprietary collaboration platforms , eXp Realty gives Peruvian agents the competitive edge they need to succeed in today's evolving real estate landscape. Benefits include: Earn More, Keep More: Industry-leading commission splits and low caps to maximize agent earnings. Ownership in Your Future: Equity opportunities in a Nasdaq-traded company , allowing agents to build wealth beyond transactions. Limitless Growth Potential: A global referral network of nearly 83,000 agents to expand business opportunities beyond borders. World-Class Training and Support: Access to live coaching, mentorship, and business growth strategies from top-producing agents worldwide. Unmatched Flexibility and Freedom: Work from anywhere, scale a team without geographic restrictions , and market properties on a global scale. Peruvian agents who want to take their real estate careers to the next level can learn more about joining eXp Realty and unlocking the future of real estate by visiting: About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty ® and SUCCESS ® Enterprises . eXp Realty is the largest independent real estate brokerage in the world, with nearly 83,000 agents across 25 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS ® Enterprises, anchored by SUCCESS ® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit . Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, individual agent success, and the availability of equity ownership programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact : eXp World Holdings, Inc. [email protected] Investor Relations Contact: Denise Garcia, Managing Partner Hayflower Partners [email protected] A photo accompanying this announcement is available at GlobeNewswire Distribution ID 9398347
Yahoo
21-03-2025
- Business
- Yahoo
eXp Realty Launches in Peru, Creating Unmatched Opportunities for Agents to Build Their Future
Peru becomes the 25th international location to embrace eXp Realty's fast-growing global network eXp Realty Launches in Peru, Creating Unmatched Opportunities for Agents to Build Their Future BELLINGHAM, Wash., March 21, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, the world's largest independent real estate brokerage and a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its launch in Peru, its 25th international market, thereby strengthening its global presence and offering Peruvian real estate agents a groundbreaking path to success, wealth-building, and global collaboration. 'Our expansion into Peru is another bold step as we continue building the most agent-centric real estate brokerage on the planet,' said Glenn Sanford, Founder, CEO, and Chairman of eXp World Holdings. 'Unlike traditional brokerages that limit agents' growth, eXp empowers them with a business model that rewards their success, fuels their professional development, and connects them to a thriving global community. Peruvian agents now have access to an unparalleled opportunity to scale their businesses and take full control of their careers.' Ricardo Alfaro, Country Leader for eXp Peru, highlighted the exceptional advantages eXp offers. 'Peruvian agents now have access to a brokerage model that is not only innovative but also life-changing. eXp Realty is not just another real estate company – it's a movement where agents truly thrive through collaboration, equity ownership, and global business-building opportunities.' Why Peruvian Agents Are Making the Switch to eXp Realty With its cloud-based model and proprietary collaboration platforms, eXp Realty gives Peruvian agents the competitive edge they need to succeed in today's evolving real estate landscape. Benefits include: Earn More, Keep More: Industry-leading commission splits and low caps to maximize agent earnings. Ownership in Your Future: Equity opportunities in a Nasdaq-traded company, allowing agents to build wealth beyond transactions. Limitless Growth Potential: A global referral network of nearly 83,000 agents to expand business opportunities beyond borders. World-Class Training and Support: Access to live coaching, mentorship, and business growth strategies from top-producing agents worldwide. Unmatched Flexibility and Freedom: Work from anywhere, scale a team without geographic restrictions, and market properties on a global scale. Peruvian agents who want to take their real estate careers to the next level can learn more about joining eXp Realty and unlocking the future of real estate by visiting: About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with nearly 83,000 agents across 25 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, individual agent success, and the availability of equity ownership programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact:eXp World Holdings, Investor Relations Contact:Denise Garcia, Managing PartnerHayflower Partnersinvestors@ A photo accompanying this announcement is available at
Yahoo
20-03-2025
- Automotive
- Yahoo
Chinese LiDAR maker rejects report backing U.S. claims it supplies China's military
BANGKOK (AP) — China's leading supplier of LiDAR technology has denied a report saying it has links to the Chinese military, as the company awaits a U.S. court's ruling on the U.S. government's decision to include it in a Defense Department list of suppliers to the Chinese military . Hesai is the industry's global leader in sales of laser sensors known as LiDAR and a major supplier to Chinese electric vehicle makers. Its Nasdaq-traded shares surged last week after it reported it had reached profitability. They fell about 10% on Tuesday after the stock research group Blue Orca Capital issued its report, which also accused the company of misleading investors. 'We are aware of the report published by short-seller Blue Orca Capital,' Hesai said in an emailed statement. 'Hesai is committed to stringent standards of business ethics and regulatory compliance. We strongly disagree with the allegations in the Blue Orca report and are of the view that they are without merit.' Hesai sued the U.S. government last year after was added to a Defense Department list of companies considered to have Chinese military connections. The company says it has no such links. According to court documents, a hearing was scheduled for Thursday in the District Court of the District of Columbia for Hesai's case against the Department of Defense. LiDAR is short for 'light detection and ranging.' It uses lasers in remote sensing to measure distances and surfaces around a device, supplementing information detected by cameras and other sensors. It's used in autonomous driving and other applications such as consumer robots and industrial automation. Hesai is the main supplier of LiDAR to Chinese automakers including BYD. It also was a supplier to Cruise, which General Motors GM bought in 2016 with high hopes of developing a profitable fleet of robotaxis. GM retreated from that venture late last year, after investing billions, saying it would develop partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel. Hesai also supplies Amazon's Zoox robotaxi service, which is hoping to begin offering driverless rides to the general public in Las Vegas at some point this year before also launching in San Francisco. In the transcript of a recent earnings call, Hesai's CEO David Li said the U.S. government 'continued to falsely accuse us of associating with the Chinese military." 'We can state definitely that DOD has not accused Hesai of being owned or controlled by any military bodies, selling products to any military bodies or otherwise directly supporting any military bodies,' he said. Instead it asserts that Hesai supports Chinese 'military-civil fusion.' The Blue Orca report includes still images of tanks shown on the Chinese national broadcaster CCTV or in other state-run media and at industry exhibitions that appear to be equipped with Hesai LiDAR units, with close-ups showing the brand name on the devices. It also notes that U.S. President Donald Trump's comments describing Chinese technology companies with ties to the military as a threat to national security raise the risk that Hesai faces risks to its business and investments in the U.S. 'Ultimately, we do not think that U.S. authorities will permit a Chinese military company whose products are equipped on Chinese military vehicles to take advantage of the privilege of American capital markets,' it said. Hesai reported a 14 million yuan ($1.9 million) profit last year, reversing from a loss of 241 million yuan in 2023.
Yahoo
20-03-2025
- Automotive
- Yahoo
Chinese LiDAR maker rejects report backing U.S. claims it supplies China's military
BANGKOK (AP) — China's leading supplier of LiDAR technology has denied a report saying it has links to the Chinese military, as the company awaits a U.S. court's ruling on the U.S. government's decision to include it in a Defense Department list of suppliers to the Chinese military . Hesai is the industry's global leader in sales of laser sensors known as LiDAR and a major supplier to Chinese electric vehicle makers. Its Nasdaq-traded shares surged last week after it reported it had reached profitability. They fell about 10% on Tuesday after the stock research group Blue Orca Capital issued its report, which also accused the company of misleading investors. 'We are aware of the report published by short-seller Blue Orca Capital,' Hesai said in an emailed statement. 'Hesai is committed to stringent standards of business ethics and regulatory compliance. We strongly disagree with the allegations in the Blue Orca report and are of the view that they are without merit.' Hesai sued the U.S. government last year after was added to a Defense Department list of companies considered to have Chinese military connections. The company says it has no such links. According to court documents, a hearing was scheduled for Thursday in the District Court of the District of Columbia for Hesai's case against the Department of Defense. LiDAR is short for 'light detection and ranging.' It uses lasers in remote sensing to measure distances and surfaces around a device, supplementing information detected by cameras and other sensors. It's used in autonomous driving and other applications such as consumer robots and industrial automation. Hesai is the main supplier of LiDAR to Chinese automakers including BYD. It also was a supplier to Cruise, which General Motors GM bought in 2016 with high hopes of developing a profitable fleet of robotaxis. GM retreated from that venture late last year, after investing billions, saying it would develop partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel. Hesai also supplies Amazon's Zoox robotaxi service, which is hoping to begin offering driverless rides to the general public in Las Vegas at some point this year before also launching in San Francisco. In the transcript of a recent earnings call, Hesai's CEO David Li said the U.S. government 'continued to falsely accuse us of associating with the Chinese military." 'We can state definitely that DOD has not accused Hesai of being owned or controlled by any military bodies, selling products to any military bodies or otherwise directly supporting any military bodies,' he said. Instead it asserts that Hesai supports Chinese 'military-civil fusion.' The Blue Orca report includes still images of tanks shown on the Chinese national broadcaster CCTV or in other state-run media and at industry exhibitions that appear to be equipped with Hesai LiDAR units, with close-ups showing the brand name on the devices. It also notes that U.S. President Donald Trump's comments describing Chinese technology companies with ties to the military as a threat to national security raise the risk that Hesai faces risks to its business and investments in the U.S. 'Ultimately, we do not think that U.S. authorities will permit a Chinese military company whose products are equipped on Chinese military vehicles to take advantage of the privilege of American capital markets,' it said. Hesai reported a 14 million yuan ($1.9 million) profit last year, reversing from a loss of 241 million yuan in 2023.
