As we commented earlier this year, the global recession has presented significant headwinds in the form of declining customer capital expenditure budgets, lengthening customer sales cycles, accelerated plant closures and job losses of key contacts at our existing customers. These challenges delayed several significant national account opportunities and had meaningful impact on our fourth quarter results, stated Neal Verfuerth, chief executive officer of Orion Energy. We strongly believe that these opportunities are still alive, as indicated by several purchase orders we have already received from these delayed opportunities since the quarter ended. We remain hopeful that this trend continues and that we capture these revenues in fiscal 2010.
