Company Announcements

SOLON, Ohio--(BUSINESS WIRE)--May 5, 2026-- Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable LED lighting and high-performance energy management systems, today announced a significant upward revision in its growth outlook for the 2026–2027 fiscal period. Driven by a robust tripartite partnership and favorable policy tailwinds in Australia, the company projects its regional revenue to grow several-fold compared to the previous fiscal year.

Importantly, individual project awards within this market have the potential to generate revenue equivalent to four to five times Energy Focus’ typical annual revenue, underscoring the scale and transformative nature of the opportunity pipeline currently under development.

Strategic Partnership Anchored in Perth: Sunlite, EFOI, and Solargain/iStore

This anticipated growth is underpinned by a streamlined international trade and supply chain framework involving Sunlite Penang, EFOI, and Solargain/iStore—one of Australia’s premier integrated solar and energy solutions providers. Headquartered in Perth, Solargain/iStore brings a best-in-class reputation, extensive installation footprint, and deep relationships across residential, commercial, and government sectors.

Perth serves as a critical gateway for Australia’s energy transition, with strong state-level incentives, rapidly expanding infrastructure investment, and a business environment highly receptive to advanced energy technologies. Through this partnership, Energy Focus is able to combine its high-performance energy systems with Solargain/iStore’s proven execution capabilities, creating a powerful platform for rapid deployment at scale.

By integrating EFOI’s technical innovation with Solargain/iStore’s nationwide reach and Sunlite’s manufacturing efficiency, the alliance is uniquely positioned to capture a leading share of Australia’s accelerating energy transformation.

Aligning with Australia’s “Future Made in Australia” Policy

The Australian government’s 2026–2027 budgetary focus has shifted toward large-scale industrial decarbonization and energy e8iciency. EFOI is actively aligning its product roadmap with the AUD 1.2 billion Future Made in Australia innovation fund and state-based energy upgrade certificate programs.

As universal rebates transition into targeted industrial grants, EFOI’s high-efficiency solutions provide a critical pathway for Australian enterprises and government-backed projects to reduce operating costs while meeting increasingly stringent carbon compliance standards. This evolving policy environment is expected to drive larger, more concentrated project awards—further amplifying the revenue potential per engagement.

Leadership Perspective: A Message from CEO Jay Huang

Chiao-Chieh Huang, CEO of Energy Focus, Inc., expressed strong confidence in the company’s strategic trajectory:

“The convergence of Australia’s aggressive net-zero policies, the strength of our partnership with Solargain/iStore, and the strategic importance of Perth as a deployment hub has created a powerful catalyst for Energy Focus. We are seeing an unprecedented alignment between market demand and our technological capabilities.

What is particularly compelling is the scale—individual projects in this market have the potential to represent multiple times our historical annual revenue. As we expand into international markets and participate directly in foreign energy grid modernization initiatives, we believe we are entering a period of accelerated, multi-fold growth.

We are not just participating in the energy transition—we are helping build the infrastructure that enables it.”

About Energy Focus

Energy Focus is a leader in energy-efficient LED lighting and energy infrastructure 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. Energy Focus is headquartered in Solon, Ohio. For more information, visit our website at www.energyfocus.com. The Company routinely posts important updates on its website.

Forward-Looking Statements:

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260505258529/en/

Investor Contact:
Chiao Chieh (Jay) Huang
Chief Executive Officer
(800) 327-7877

Source: Energy Focus