LSI Industries Inc. (Nasdaq:LYTS) announced today
that the Company was chosen to supply a new state-of-the-art LED
video board at Fountain Square in Cincinnati. Fifth Third Bank and
the Cincinnati Center City Development Corporation joined forces to
purchase the board, replacing the original LED board that was
installed in 2006. Installation is set to begin on Monday, March
18, 2013 and is expected to take two weeks.
The new display will provide better viewing angles and crisper
image quality on a screen similar to the size of the one currently
being used in the space. The difference will be that sponsor panels
along the bottom of the current board will be replaced with more
video screen space.
"We are very excited to be working with 3CDC and Fifth Third to
bring our latest generation of technology to the square," Scott
Ready, LSI Industries President, said in a statement. "The local
connection between the companies involved in this project
highlights the great work going on in this region."
The video board will be used by 3CDC to broadcast event graphics
and live feeds during events on the Square as well as to show Reds
and Bengals games and promote other nonprofit events and
productions around downtown. As part of its sponsorship agreement,
Fifth Third will help create high-definition video content for the
display.
"Fifth Third Bank was a mere 13 years old when the Tyler
Davidson Fountain was dedicated in 1871," Mike Michael, president
and CEO of Fifth Third Bank, Greater Cincinnati, said in a
statement. "Today, Fountain Square has become the heart of our
city, an epicenter of civic, social, and commercial life and the
front yard of Fifth Third's headquarters. We're proud to be
partnering with 3CDC to present a modern, state-of-the-art LED
screen and high-definition viewing experience for those who live,
work and visit our home town."
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995
This document contains certain forward-looking statements that
are subject to numerous assumptions, risks or uncertainties. The
Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements. Forward-looking statements
may be identified by words such as "estimates," "anticipates,"
"projects," "plans," "expects," "intends," "believes," "seeks,"
"may," "will," "should" or the negative versions of those words and
similar expressions, and by the context in which they are used.
Such statements, whether expressed or implied, are based upon
current expectations of the Company and speak only as of the date
made. Actual results could differ materially from those contained
in or implied by such forward-looking statements as a result of a
variety of risks and uncertainties over which the Company may have
no control. These risks and uncertainties include, but are not
limited to, the impact of competitive products and services,
product demand and market acceptance risks, potential costs
associated with litigation and regulatory compliance, reliance on
key customers, financial difficulties experienced by customers, the
cyclical and seasonal nature of our business, the adequacy of
reserves and allowances for doubtful accounts, fluctuations in
operating results or costs whether as a result of uncertainties
inherent in tax and accounting matters or otherwise, unexpected
difficulties in integrating acquired businesses, the ability to
retain key employees of acquired businesses, unfavorable economic
and market conditions, and the results of asset impairment
assessments. You are cautioned to not place undue reliance on these
forward-looking statements. In addition to the factors described in
this paragraph, the risk factors identified in our Form 10-K and
other filings the Company may make with the SEC constitute risks
and uncertainties that may affect the financial performance of the
Company and are incorporated herein by reference. The Company does
not undertake and hereby disclaims any duty to update any
forward-looking statements to reflect subsequent events or
circumstances.
About the Company
Leadership. Strength. Innovation. Those are the key values
behind the smart vision upon which LSI Industries Inc. was founded
when established in 1976. Today LSI demonstrates this in our
dedication to advancing technology throughout all aspects of our
business. We are a vertically integrated manufacturer who combines
integrated technology, design and manufacturing to produce the most
efficient, high quality products possible. Everything we build
is done right here in one of our US plants.
We are committed to advancing solid-state technology to make
affordable, high performance, energy efficient lighting and custom
graphic products that bring value to our customers. We have a
vast offering of innovative solutions for virtually any lighting or
graphics application. In addition, we can provide
sophisticated lighting and energy management control solutions to
help customers manage their energy performance. Further, we
can provide design support, engineering, installation and project
management for custom graphics rollout programs for today's retail
environment.
LSI is a U.S. manufacturer with marketing / sales efforts
throughout the world with concentration currently on North America,
Latin America, Australia, New Zealand, Asia, Europe and the Middle
East. Our major markets include the commercial / industrial
lighting, petroleum / convenience store, multi-site retail
(including automobile dealerships, restaurants and national retail
accounts), sports and entertainment markets. Headquartered in
Cincinnati, Ohio, LSI has facilities in Ohio, Kansas, Kentucky, New
York, North Carolina, Oregon, Rhode Island, Texas and Montreal,
Canada. The Company's common shares are traded on the NASDAQ
Global Select Market under the symbol LYTS.
The LSI Industries Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3646
For further information, contact either Bob
Ready, Chief Executive Officer, or Ron Stowell, Vice President,
Chief Financial Officer, and Treasurer at (513) 793-3200.
Additional note: Today's news release, along
with past releases from LSI Industries, is available on the
Company's internet site at www.lsi-industries.com or by email or
fax, by calling the Investor Relations Department at (513)
793-3200.
CONTACT: BOB READY OR
RON STOWELL
(513) 793-3200
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