LSI Industries Expands Presence In High-Growth Sports Lighting Market
16 Dezember 2020 - 3:55PM
LSI Industries (NASDAQ: LYTS), a leading U.S. based manufacturer of
outdoor and indoor lighting and graphics solutions, said today that
it has become the official lighting partner of USA Pickleball, the
national governing body for the sport of pickleball in America. As
a leading manufacturer of high-performance lighting solutions for
sports and recreation facilities, LSI is well-positioned to serve
the rapidly growing pickleball market.
“Our partnership with USA Pickleball further exemplifies our
previously communicated growth strategy, which includes vertical
market expansion, an additional focus on end-customers, expanding
our existing services business and assessing inorganic growth
opportunities,” said Jim Clark, President and CEO of LSI
Industries.
Several factors, including population trends and an increasing
focus on personal health and wellness, are contributing to the
sport’s widespread growth and popularity – creating long-term
demand for new pickleball facilities. Collaborating with USA
Pickleball will expand LSI’s marketing reach and help the company
promote its solution capabilities, including LED lighting fixtures
with customized optics, poles, sensors and wireless control
systems. In addition, the company has an internal team
of specialists with expertise in facilitating multi-site lighting
projects from start to finish. When customers require one source to
manage all of their pickleball lighting needs, LSI is the company
that can assemble, and manage, every resource necessary to complete
the project.
According to the Sports & Fitness Industry Association,
there are more than 3.3. million pickleball players in the United
States, making it one of the fastest-growing sports in America. In
addition to new construction opportunities, it is estimated that
there are approximately 33,000 pickleball courts in the United
States – many of which require lighting upgrades. Whether it’s an
outdoor club, park, residential court, tournament venue or indoor
sporting complex, LSI’s pickleball lighting solutions are
engineered to satisfy players, spectators, communities and
environmental requirements.
About LSI IndustriesHeadquartered in Blue Ash,
Ohio (Greater Cincinnati), LSI Industries is a leading producer of
high-performance, American-made lighting solutions. The Company’s
strength in outdoor lighting applications creates opportunities for
it to introduce additional solutions to its valued
customers. LSI’s indoor and outdoor products and services,
including its digital and print graphics capabilities, are valued
by architects, engineers, distributors and contractors for their
quality, reliability and innovation. The Company’s products
are used extensively in automotive dealerships, petroleum stations,
quick service restaurants, grocery stores and pharmacies, retail
establishments, sports complexes, parking lots and garages, and
commercial and industrial buildings. LSI has approximately
1,100 employees at seven manufacturing plants in the United States,
including its corporate headquarters. Additional information
about LSI is available at www.lsicorp.com.
Forward-Looking StatementsFor details on the
uncertainties that may cause our actual results to be materially
different than those expressed in our forward-looking statements,
visit https://investors.lsicorp.com as well as our Annual Reports
on Form 10-K and Quarterly Reports on Form 10-Q which contain risk
factors.
Investor Contact Noel Ryan, IRC(720)
778-2415LYTS@vallumadvisors.com
Media Contact:Mike WallnerSenior Manager,
Communications(513) 372-3417mike.wallner@lsi-industries.com
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