LSI Industries Inc. Combines Graphics and Lighting Capabilities to Become Image Provider for Phillips 66's Fuel Brands Nation...
15 April 2015 - 3:44PM
LSI Industries Inc. (Nasdaq:LYTS) today announced
the Company has been named the provider of graphics and lighting
for two of Phillips 66's fuel brands. The national image programs
include the new Phillips 66 Shield and 76 Wave, which will begin
rolling out at several hundred locations in 2015.
LSI demonstrated its capabilities and commitment to this program
through a lengthy and active development process, which included
numerous prototypes and implementation across multiple test sites
to arrive at the proper balance of value and image impact. The new
image packages contain a broad array of LSI-developed products
ranging from dispenser decals to custom LED illuminated canopy
fascia to energy efficient LED under-canopy lighting. Extensive
survey and logistics work by the LSI program management and
implementation services group of LSI Adapt provided critically
important data to help drive customer decisions and rollout plans
for Phillip 66's innovative "Brand Image Central (BIC)" program. As
a preferred provider, LSI would expect to participate in this
program beyond the initial 2015 rollout launch.
Robin Hood, Executive Vice President of LSI Graphics Segment,
said, "Our long-term partnership with Phillips 66 once again
utilized the expertise of our team and its proprietary image
creation capabilities in support of the development process with
quick, cost effective solutions – vital in a national rollout
program with over 500 individual graphic and lighting elements and
a demanding schedule. This project is a good example of how LSI
positions itself and works closely with national brand name
companies to provide image development, prototyping, support, and
roll-out execution to achieve cost-effective and complete lighting
combined with graphics image solutions."
Commenting on the announcement, Dave McCauley, President of LSI
Graphics Segment, commented, "We are proud to be a partner in such
a dynamic and well tested program and are enthusiastic about
bringing our "Lighting + Graphics = Image" expertise to this
project to provide a comprehensive image creation experience for
our customer. We are an image company that successfully integrates
lighting, graphics, and management services for our customers. We
are pleased to report on the increasing interest we are seeing in
the overall petroleum market with regard to site reimaging, as well
as the multitude of potential reimaging projects in our other core
national markets."
"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
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"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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