SOLON, Ohio, September 07, 2022--(BUSINESS WIRE)--Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable, energy-efficient LED lighting control systems and products for the commercial, military, maritime and consumer markets, today announced that Mr. Kaj den Daas has been elected to its Board of Directors.

Mr. den Daas has more than 45 years of leadership experience globally in the lighting industry. He retired in 2009 as Executive Vice President of Philips Lighting B.V. of the Netherlands (a manufacturer of lighting fixtures and related components) and Chairman of its North American Lighting Operations. Mr. den Daas was responsible for oversight of the manufacturing, distribution, sales, and marketing of Philips products in the United States, Canada, and Mexico, with prior Philips experience in the Asia Pacific area. Since leaving Philips Lighting, Mr. den Daas has served on the board or management of several companies in the U.S., Europe, and Asia in the lighting industry. He was CEO of Quality Light Source until March 2018 when he transitioned into a non-executive position in the holding company QL Light Source Company Hong Kong Ltd. (manufacturer and marketer of LED lamps) in April 2018. He was also CEO of TCP International Holdings, Ltd. from July 2015 to October 2016.

Mr. den Daas is currently a director on the board of Valmont Industries, Inc., where he serves as the chair of the Audit Committee and a member of both the Nominating and Corporate Governance Committee and Environmental, Social and Governance Committee.

Mr. den Daas will join the Audit Committee of the Board, which will now be chaired by Brian Lagarto following Philip Politziner’s retirement.

Steve Socolof, Chairman, and Interim CEO of Energy Focus commented, "I am extremely excited to be able to recruit such an industry luminary as Kaj den Daas to our Board of Directors. Kaj will join Jeffrey Parker and Brian Lagarto, whose appointments were announced earlier this year, in bringing tremendous industry experience and network to the company. Kaj ran the largest lighting business in North America for years and knows the market as well as the vendors globally. I would also like to thank Phil Politziner for his service as our Audit Chair over the last couple of years. With his retirement, Brian Lagarto will step up to Chair, and Kaj den Daas will join the committee."

Kaj den Daas commented, "I am honored to join the Energy Focus Board of Directors and I look forward to working with the Board and senior management towards profitable growth for the company."

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, 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/20220907005274/en/

Investor Contact: Energy Focus, Inc. Investor Relations ir@energyfocus.com

Mizuho analyst Vijay Rakesh just lowered his price target on Nvidia, but if he's right it's a good buy from here.

Struggling Bed Bath & Beyond Inc. releases a list of dozens of stores it aims to close. Most of the stores on this list will close by the end of the month.

Amazon's founder and executive chairman was the world's richest man for several years before falling to second place.

FedEx has blown three tires before the peak holiday shipping season, and chatter on the Street is that mighty Amazon may have played a role.

Central banks are like “reformed smokers,” famed investor Stanley Druckenmiller says. “They’ve gone from printing a bunch of money, like driving a Porsche at 200 miles an hour, to not only taking the foot off the gas, but just slamming the brakes on.”

Yahoo Finance Live anchors discuss stock performance for FedEx.

There was a sell-off in cardboard packaging stocks this morning, with shares of International Paper (NYSE: IP) down 9.4% at 10:30 a.m. ET on Friday, Packaging Corporation of America (NYSE: PKG) shares down 9.7%, and the stock of WestRock (NYSE: WRK) down 9.8%. Shares of FedEx (NYSE: FDX) plunged more than 22% this morning after the company issued an earnings warning predicated on softening global volume. The volume FedEx referred to was the number of packages wrapped in cardboard and shipped to customers.

NIO Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $NIO performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.

Income investors are always on the hunt for good stocks that for one reason or another have recently been out of favor, creating a scenario for a higher dividend yield along with possible future appreciation as the stock bounces back. Buying a stock on a decline sometimes involves a bit of courage, but the ability to lock in long-term higher yields makes the decision easier for most investors. At the moment, Medical Properties Trust Inc. (NYSE: MPW), a Birmingham, Alabama-based real estate inves

After three months of highly volatile trading, which have seen the S&P 500 drop down toward 3,600, rally up to 4,300, and fall back down to 3,900, investors can be forgiven for feeling some whiplash. The question that needs answering, however, is where will the markets go from here? Morgan Stanley strategist Andrew Slimmon believes that investors shouldn’t worry too much about the bear case. Worse-than-expected inflation numbers for August may have pushed the markets into a tumble this week, but

Warren Buffett, Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) chief executive officer and chairman, has been investing since the age of 11. With his net worth at nearly $100 billion, the understatement of the century would be to say that Buffett knows a thing or two about investing. This is why it's worth paying attention to the holdings within Berkshire Hathaway's $344 billion investment portfolio.

As bad the news was for FedEx, it may be worse news for the U.S. economy --- and an early sign of a recession.

Wall Street is on a roller coaster again, as investors try to navigate the path between high inflation and the Fed’s aggressive interest rate hikes. What we know for certain is that the S&P 500 is down 18% year-to-date, and the NASDAQ is down 26%. At least one investing expert, however, is getting on his soapbox to encourage investors to buy now, while prices are low. This is the view of Shark Tank investor Kevin O’Leary. The venture capitalist makes a case for investors to take advantage of vol

Yahoo Finance's Ines Ferré breaks down how stocks are moving near the close of the week, consumer sentiment, and ExxonMobil's market cap nearing that of Meta.

It's no secret that investors are worried about runaway inflation. Cathie Wood and Elon Musk see deflation as the bigger threat.

Alibaba Group Holding Limited stock is trending on the Yahoo Finance Platform. Here is a visualization of $BABA performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.

There was no good news in the August inflation numbers. While the annualized rate did fall slightly from July, from 8.5% to 8.3%, it came in higher than expected – and worse, the core CPI rate, rather than dropping, increased to 6.3%. Consumers are struggling, and their pain is real. But it’s not only consumers who are getting hit hard by inflation. Retailers are also feeling the strain, and they’re feeling it twice – from consumers, whose wallets are pinched and so are buying less, and from the

Shares of enterprise software companies Datadog (NASDAQ: DDOG), Okta (NASDAQ: OKTA), and DocuSign (NASDAQ: DOCU) were plunging today, down 5.3%, 6%, and 7.2%, respectively, as of 2 p.m. EDT. Interest rates continued to rise this week after the fallout from Tuesday's inflation report. In addition, there have been several preannouncements from major companies that are hinting at a global recession.

Annaly Capital Management (NLY) closed at $6.04 in the latest trading session, marking a -1.63% move from the prior day.

Pound sinks to lowest since 1985 as retail sales slump Germany seizes control of three Russian-owned Rosneft oil refineries FTSE 100 falls 0.6pc Ben Marlow: Shell must accept it has lost the battle on fossil fuels Sign up here for our daily business briefing newsletter