Clifford Griffin, Steve McGuire and Nicholas Peragine Join Ranks
SOLON, Ohio, August 04, 2022--(BUSINESS WIRE)--Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable, energy efficient LED lighting control systems and UVC light disinfection ("UVCD") products for the commercial, military maritime and consumer markets welcomes three experienced commercial leaders from the power and lighting industries to the company.
Clifford Griffin joins the company as Senior Vice President, Corporate Controller and Chief Accounting Officer. Mr. Griffin comes to Energy Focus from Babcock & Wilcox, a $700M+ global leader in energy and environmental technologies and services for the power and industrial markets, where he was Corporate Controller responsible for global accounting and finance teams and public reporting. Prior to Babcock & Wilcox, Cliff spent eight years at Advanced Lighting Technologies, a $200M producer of lighting products, components, and systems. Steve Socolof, Chairman and Interim CEO, commented, "Energy Focus is excited to have a financial leader as senior and as experienced as Cliff Griffin join our executive team. Cliff’s financial background at large, publicly traded companies will serve Energy Focus extremely well as we embark on our established growth strategy to lead the market with new, cutting edge and differentiated products."
Steve McGuire joins as Director of Business Development. Steve will lead OEM relationship development, primarily for our EnFocus™ Power Line Control (PLC) technology and help to further develop our sales agency and distribution channels. Mr. McGuire brings 25 years of experience in the lighting industry, primarily with Philips Lighting, and has built sales and distribution for several other companies. Greg Galluccio, Senior Vice President of Product and Engineering commented, "I am happy to have such a seasoned commercial leader join my team. Steve McGuire will help us bring our EnFocus™ PLC technology to our direct customers, our channels, and our OEM partners." Steve McGuire added, "I’m excited about working with such a professional team of coworkers to introduce Energy Focus to the OEM markets with EnFocus™ lighting controls and to help drive Energy Focus products in markets that our competitors cannot address."
Nicholas Peragine will be joining as Director of Regional Sales. Nick brings over 10 years of relevant experience building and leading sales teams in the commercial lighting industry. Mr. Peragine commented, "I am so pleased to be joining the sales team and playing a significant role in our next phase of development and success, ultimately building Energy Focus into a major player in the lighting industry. We are still in the early days of conversion for commercial buildings to adopt energy-saving LED lighting solutions, such as our new line of lighting products including the innovative EnFocus™ power line control system."
Steve Socolof, Chairman and interim CEO, concluded, "I am very happy about having Cliff Griffin join our senior leadership team with his experience in both lighting and larger manufacturing companies. The further additions of Steve McGuire and Nick Peragine will create an incredibly strong commercial team, bringing our new product lines to market and achieving our vision to make Energy Focus a true leader in building energy management."
Energy Focus is an industry-leading innovator of sustainable light-emitting diode ("LED") lighting and lighting control technologies and solutions, as well as UVC Disinfection ("UVCD") technologies and solutions. As the creator of the first flicker-free LED lamps, Energy Focus develops high quality LED lighting products and controls that provide extensive energy and maintenance savings, as well as aesthetics, safety, health and sustainability benefits over conventional lighting. Our EnFocus™ Power Line Control ("PLC") platform enables existing and new buildings to provide quality, convenient and affordable, dimmable and color-tunable, autonomous circadian and human-centric lighting capabilities. In addition, our patent-pending UVCD technologies and products aim to provide effective, reliable and affordable UVCD solutions for buildings, facilities and homes. Energy Focus’ customers include U.S. and U.S. ally navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 companies. Since 2007, Energy Focus has installed approximately 900,000 lighting products across the U.S. Navy fleet, including tubular LEDs, waterline security lights, explosion-proof globes and berth lights, saving more than five million gallons of fuel and 300,000 man-hours in lighting maintenance annually. Energy Focus is headquartered in Solon, Ohio. For more information, visit our website at www.energyfocus.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220804005217/en/
DGI Comm EnergyFocus@dgicomm.com
In this article, we will discuss some of the best stocks to buy according to Dave Smith, Chief Investment Officer at investment management company Rockland Trust. If you want to explore similar stocks, you can also look at Long-Term Analyst: Buy These 5 Stocks. David Smith has been in the financial services industry for over […]
Follow Buffett’s lead. And collect big dividends too.
Cathie Wood's ARK Invest cut its stake in Nvidia ahead of the graphic chipmaker's results last month. Now it's snapped up the stock which has dropped to a 52-week low.
Donald Trump wanted to disrupt the hegemony of the Silicon Valley giants. Things don't seem to be going the way the former president wanted.
Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently be
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce the appointment of Michelle Borthwick to the position of Corporate Secretary.
Ready to go bottom fishing again? Any good angler can tell you that there’s plenty of good eating just waiting at the bottom of the creek, or the pond, or the lake. The same concept also holds for stocks – investors can always find some quality equities down at the market bottoms. Stocks get down there for a multitude of reasons, and the reasons aren’t always related to any fundamental flaw in the company or its share trading policies. Sometimes, it’s some idiosyncratic business move, or over-re
KeyBanc Capital Markets Equity Research Analyst John Vinh joins Yahoo Finance Live to discuss Broadcom earnings, chip stocks, supply chain issues, U.S. government banning the export of chips to China, and the outlook for the space.
Finally, investors have a good reason for why the U.S. stock market will suffer above-average volatility and below-average performance this month: It’s the Fed. Relatively few advisers are focusing on this outcome — at least among the more than 100 I regularly monitor.
Yahoo Finance's Ines Ferré discusses how stocks are performing into the closing bell.
In this article, we will take a look at the 10 tech stocks recently downgraded by analysts. If you want to see some other tech stocks receiving updated recommendations from analysts, go directly to Analysts are Downgrading These 5 Tech Stocks. Notable stocks from the tech sector, including HP Inc. (NYSE:HPQ), NVIDIA Corporation (NASDAQ:NVDA) and […]
The S&P 500 broke below 4,000 this week, for the first time since the end of July. It has investors wondering: Does this mark the low point of a roller coaster ride? Stocks rose all last year, fell from January to June, rallied from July to mid-August, and now are falling again. According to Wells Fargo strategist Paul Christopher, it’s evidence that the stock rally is sputtering to a halt. Christopher writes that “Cracks in financial market liquidity are appearing,” and says of the S&P 500, “3,
Aurora Cannabis, Canopy Growth, OrganiGram Holdings, and Tilray Brands are all in the red yet again today.
The real estate investment trust (REIT) area has been particularly under fire given that office and retail properties are economically sensitive, and the economy appears to be close to a recession (or even in one). Simon Property Group (NYSE: SPG) is the premier mall operator in the U.S. It owns 198 properties consisting of shopping malls and premium outlets. Occupancy was up 2.1% year over year to 93.9%, and the company raised its forecast for funds from operations (FFO), a crucial metric for REIT performance.
The stock plummeted after the U.S. government imposed new licensing requirements for advanced chip sales. Jefferies believes the contraction presents a buying opportunity.
Investors need to pay close attention to Annaly (NLY) stock based on the movements in the options market lately.
Fast-growing cybersecurity company CrowdStrike (NASDAQ: CRWD) reported strong fiscal second-quarter results earlier this week. Its fiscal second-quarter revenue and adjusted earnings per share both came in higher than analysts' consensus forecasts, as annual recurring revenue soared 59% year over year, surpassing $2 billion for the first time. While it's true that CrowdStrike's business has been firing on all cylinders, there has been significant pressure on growth stocks in 2022 as investors appear to be more sensitive to valuation risk.
(Reuters) -Private equity firm Oak Street Real Estate Capital LLC has made an offer to acquire as much as $2 billion of property from Kohl's Corp and have the U.S. retailer lease back its stores, according to people familiar with the matter. Oak Street's interest offers Kohl's another chance to cut a deal after negotiations to sell itself to Franchise Group Inc, owner of the Vitamin Shoppe, for almost $8 billion fell through in July over the department store operator's deteriorating business prospects. Oak Street had sought to help finance Franchise Group's bid.
12,000 puts bought in a single purchase for $2.14M on 8/26 are now worth over $36M. Was this just a lucky guess, or did this institutional trader know about the BIG NEWS that was about to drop just days after their bearish purchase?
For years, people have kept an eye on what stock market pros like Warren Buffett, Ray Dalio, and others were buying. In recent years, Cathie Wood, CEO of ARK Invest, rose to prominence as her ARK Innovation exchange-traded fund (ETF) skyrocketed in value with timely investments in companies like Tesla, Roku, and Coinbase Global. Wood was active in August, adding to several long-standing positions in the ARK Innovation ETF.