LSI Industries Inc. (Nasdaq:LYTS) announced today
the introduction of an innovative and technologically advanced LED
canopy lighting solution unlike anything available in the market
today. The Legacy™, a revolutionary advancement in petroleum canopy
lighting that is poised to revitalize the market, provides a
combination of high performance, low cost and attractive design,
and flexibility in light distribution options.
The Legacy is purpose-built to achieve high performance and low
cost, while allowing for fast, easy installation. It is
performance-driven to provide the highest lumen per dollar as well
as superior light distribution designed to improve illumination on
dispensers, all while offering a choice in lumen packages
consisting of up to 20,000 lumens. The Legacy is a very sleek
fixture with a very slim optical unit that sits flush against the
canopy. The Legacy is in production with stock available for
shipment.
Scott D. Ready, President, commented, "More than an evolution,
the Legacy represents true LED innovation in canopy lighting and a
dramatic departure from the original Crossover LED canopy
solutions. This exciting new fixture, which provides the most
cost-effective, high-performance and stream-lined solution to
canopy lighting available in the marketplace, is already generating
excitement among customers. LSI defined the standard in
canopy lighting with the Scottsdale® in 1995. We are
redefining the standard with the Legacy, surpassing anything
available in the marketplace today. Importantly, this product
platform is adaptable beyond the petroleum market and we will be
introducing additional products for other applications."
Robert J. Ready, Chairman and CEO, stated, "This is exactly the
product we have been waiting for as an easy and direct replacement
for the large installed base of Scottsdale canopy lights. The
Legacy offers a rapid payback along with easy installation and high
reliability. It will be produced in our American manufacturing
facilities. This product was introduced at our just
completed national sales meeting and was received with great
excitement."
"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 – in both product solutions and production
techniques. We are committed to American innovation through
technology.
We are a vertically integrated manufacturer who combines
assimilated technology, design and manufacturing to produce the
most efficient, high quality products possible. We are
dedicated to advancing solid-state technology to make affordable,
high performance, energy efficient lighting and custom graphic
products that bring value to our customers. In addition, we
can provide sophisticated lighting and energy management control
solutions to help customers manage their energy
performance. Further, we offer design support, engineering,
installation and project management for custom graphics rollout
programs for today's retail environment.
LSI is proud to be an American company with an American work
force, building an American product. We are 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.
As we redefine LSI Industries' place in the markets we serve, we
will emphasize our commitment to preserving the foundation of a
well-managed, financially strong and creatively unique company with
even stronger emphasis on a growing technology base. Through
the Leadership, Strength and Innovation that is core to our
culture, we move forward continuing our transition to a
technology-reliant company with lighting and graphics and the
ability to provide the stronger performance our many partners
expect.
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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