LSI Industries Inc. Introduces the Scottsdale(R) Legacy(TM), the Newest Addition to LSI's LED Canopy Lighting Family and Sees...
12 9월 2013 - 1:16AM
LSI Industries Inc. (Nasdaq:LYTS) today announced
that it has expanded its LED canopy lighting family with the
addition of the new Scottsdale® Legacy™ LED canopy lighting
solution, featuring high performance LED optics coupled with the
Scottsdale prismatic glass drop lens to deliver bright, white light
with diamond-like precision. In addition to its outstanding
performance, this attractive fixture is extremely energy-efficient
and is designed for easy installation by just one person.
Scott Ready, President, commented, "I am very excited to
introduce the Scottsdale Legacy to our highly successful LED canopy
lighting solution family. The Scottsdale Legacy is not only
the most cost-effective LED canopy fixture available, but is also
the fastest and easiest to install and is virtually maintenance
free. It allows for tremendous flexibility in site lighting,
offering up to 12,538 lumens with superior light
distribution. The optically cut prismatic glass refractor,
combined with high brightness LEDs, offers crisp, white light and
long-range visibility. On the heels of a strong 15 year run
with the most successful canopy fixture ever released, the market
will recognize the Scottsdale look now in LED. This expansion
of our LED canopy lighting family solidifies LSI's position as a
leader in the canopy fixture market."
Mr. Ready continued, "Looking forward, we have a robust flow of
new LED product introductions planned for the current fiscal
year. Although the first quarter does not end until September
30th, we are experiencing strong unit and sales growth
quarter-to-date in our lighting business. The environment for
lighting products continues to improve, particularly for
solid-state LED products. Our graphics business is
strengthening, and we look forward to much improved operating
results in fiscal 2014. Overall, we expect to see a
significant improvement in sales and earnings during the current
fiscal year."
"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.
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, Chief Executive Officer, or
Ron Stowell, Vice President, Chief Financial Officer,
and Treasurer at (513) 793-3200
LSI Industries (NASDAQ:LYTS)
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LSI Industries (NASDAQ:LYTS)
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