Energy Focus Shares Surge 44% On $7.7 Mln Contract Order From US Navy

(RTTNews) - Energy Focus Inc. (EFOI), Thursday said it received a $7.7 million order for the U.S. Navy combatant ship forces, which the company said was the "single largest order in its history." Shares of the LED lighting technologies company surged $2.60 or 44.44% to $8.45, on the Nasdaq.

This new delivery order is entirely for Energy Focus' Intellitube LED retrofit tubes and most of which is expected to be delivered throughout the remainder of 2014. The true plug and play technology allows for direct fit into existing fluorescent sockets with or without the ballast in place.

"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 COO Eric Hilliard.