LSI Industries Inc. (NASDAQ:LYTS) today announced
that Quality Supply Chain Co-op, Inc.SM (QSCC), the independent
purchasing cooperative for restaurants owned by The Wendy’s
Company® and its franchisees, recently honored LSI Industries as
one of its top 10 suppliers and distributors.
The Golden Link Award for Supply Chain Excellence is QSCC’s
highest honor for its supplier and distributor partners.
Winners were chosen from more than 430 companies in three
categories: food & beverages, building materials &
equipment, and distribution. “LSI Industries has supplied
lighting products to the Wendy’s system since 1991, and they
completed LED exterior lighting conversions for more than 430
Wendy’s restaurants,” said QSCC President John Inwright.
“Each year, the new LED lighting reduces energy costs by more than
$550,000 and reduces electricity use by more than 6 million kWh –
which is enough to power about 500 average-sized U.S. homes for a
year.”
“LSI Industries consistently demonstrates outstanding
dedication, innovation, commitment, and service to QSCC and the
Wendy’s system,” Mr. Inwright added. “Partners who win the
Golden Link Award are truly in a class above the rest, and they
always look for new ways to reduce costs and increase value for our
members.”
Dennis Wells, President and Chief Executive Officer, commented,
"On behalf of all employees at LSI Industries, I am honored to
accept this prestigious award as a top-10 supplier to Wendy's
restaurants. We have enjoyed a long relationship with the
Wendy's team, and we look forward to continuing to deliver
high-quality products and exceptional service to meet their
evolving needs."
About QSCC
Based in Dublin, Ohio, Quality Supply Chain Co-op, Inc. (QSCC)
is an independent, not-for-profit purchasing cooperative that is
jointly owned by its members (The Wendy’s Company and its U.S.
franchisees). QSCC provides purchasing and distribution of
food and other products and services for all Wendy’s restaurants in
North America. With more than $3 billion in annual spend,
QSCC is the second-largest foodservice purchasing cooperative in
North America. For more information, visit
wqscc.com.
About The Wendy’s Company
Based in Dublin, Ohio, The Wendy's Company is the world's
third-largest quick-service hamburger company. The Wendy's
system includes more than 6,500 franchise and Company-operated
restaurants in the United States and 27 countries and U.S.
territories worldwide. For more information,
visit aboutwendys.com or wendys.com.
About LSI Industries
We are a customer-centric company that positions itself as a
value-added, trusted partner in developing superior image solutions
through our world-class lighting, graphics, and technology
capabilities. Our core strategy of "Lighting + Graphics +
Technology = Complete Image Solutions" differentiates us from our
competitors.
We are committed to advancing solid-state LED 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 provide sophisticated
lighting and energy management control solutions to help customers
manage their energy performance. Further, we provide a full
range of design support, engineering, installation and project
management services to our customers.
We are a vertically integrated U.S.-based manufacturer
concentrating on serving customers in North America and Latin
America. Our major markets include commercial / industrial
lighting, petroleum / convenience store and multi-site retail
(including automobile dealerships, restaurants and national retail
accounts). Headquartered in Cincinnati, Ohio, LSI has
facilities in Ohio, Kansas, Kentucky, New York, North Carolina,
Oregon, Rhode Island and Texas. The Company’s common shares
are traded on the NASDAQ Global Select Market under the symbol
LYTS.
"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 any 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.
For further information, contact Dennis Wells,
Chief Executive Officer and President, 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.
DENNIS W. WELLS
(513) 793-3200
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