LSI Industries Inc. Announces Appointment of Technology Division President
09 Januar 2015 - 6:55PM
LSI Industries Inc. (Nasdaq:LYTS) today announced
the appointment of John A. Bagwell as President, Technology
Division, effective January 5, 2015. Mr. Bagwell joins LSI with an
extensive background in LED lighting and controls, energy
management and building automation. Prior to joining the Company he
was President of TacTouch, Inc. Previous employers include Acuity
Brands Lighting, Automated Logic Corporation and TRIATEK, Inc.
Mr. Bagwell commented, "I am very excited to join the LSI team
and participate in its future success. I embrace the Company's
strategy of Lighting + Graphics = Image, and look forward to
working with LSI's team and applying my expertise in technology to
further strengthen this strategy."
Dennis W. Wells, President and Chief Executive Officer,
commented, "I am very excited with Mr. Bagwell's addition to LSI's
executive team. The world of technology is changing rapidly and we
need smart, energetic people working to define our place in this
new connected world. I am confident that Mr. Bagwell will lead us
in the right direction. He and his team will work closely with
Shawn M. Toney, President, LSI Lighting Segment, and David W.
McCauley, President, LSI Graphics Segment, to grow LSI's position
as a leader in image solutions. Specifically, Mr. Bagwell and his
team will be tasked with improving the profitability of the
Technology Division and to develop new innovations for our future
success."
"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, the results of asset impairment assessments,
the Company's ability to maintain an effective system of internal
control over financial reporting, our ability to remediate any
material weaknesses in our internal control over financial
reporting and the other risk factors that are identified herein.
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. These are the key values upon
which LSI Industries Inc. was founded in 1976. Today LSI
demonstrates these values in our dedication to advancing technology
throughout all aspects of our business. From product solutions to
production techniques, we are committed to American innovation
through technology. The fundamental core strategy of LSI Industries
is "Lighting + Graphics + Technology = Complete Image
Solution."
We are a vertically integrated manufacturer which combines
technology, design and manufacturing to produce efficient, high
quality lighting and graphics products. We are dedicated to
advancing solid-state LED technology to make affordable, high
performance, energy efficient lighting and custom graphic products
that provide value to our customers. We offer design support,
engineering, installation and project management for custom
lighting and graphics rollout programs for the retail
environment.
Our major markets include commercial / industrial lighting,
petroleum / convenience store and multi-site retail (including
automobile dealerships, restaurants and national retail
accounts).
For further information, contact Dennis W.
Wells, Chief Executive Officer, 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: DENNIS W. WELLS
(513) 793-3200
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