LSI Expands into Turnkey Solar Projects
16 12월 2021 - 9:00PM
LSI Industries (NASDAQ: LYTS) announced today that it is expanding
its offering of energy-efficient, eco-friendly technologies to
include turnkey solar installations for petroleum fueling stations.
The first project, at an Austin, Texas Speedy Stop, demonstrates
LSI’s project capabilities that span from concept to installation.
The Speedy Stop site features LG solar panels mounted on the fuel
canopy and car wash that will generate more than 170,000 kWh of
solar energy annually and reduce the site's energy consumption by
18%. The project is expected to be completed in the first quarter
of 2022.
"In line with a host of energy-efficient solutions, we continue
to expand into technologies that help our customers reduce their
carbon footprint and operating expenses. This turnkey solar
installation supports the continued development of LSI's Service
Business model," said James A. Clark, President and CEO of LSI
Industries. "Our vertical value proposition continues to resonate
with new and existing customers who recognize the benefit of
working with a proven U.S.-based manufacturer that focuses on their
business. This project with Thomas Fuels’ Speedy Stop demonstrates
our commitment to the clean energy market and is an example of
LSI's dedication to green innovation."
The clean energy produced at the site allows Speedy Stop to
minimize waste and reduce carbon emissions. As a longstanding
leader in providing innovative lighting and graphics solutions to
the retail petroleum market, LSI is proud to encourage the adoption
of solar energy throughout the country and help its customers reap
the benefits of low-cost energy.
Thomas Fuels is a premier fuel, lubricant, and chemical
distributor in the southern United States. They offer Exxon, Mobil,
Shell, Chevron, Texaco, and Citgo branded fuels. For the last 10
years, they have been one of the nation's top five marketers for
Chevron Lubricants and top five distributors for Exxon
Gasoline.
To read LSI's 2021 Sustainability Report, click here.
About LSI Industries, Inc.Headquartered in
Greater Cincinnati, Ohio, LSI is a publicly held company traded on
the NASDAQ Stock Exchange under LYTS. The company manufactures
commercial lighting solutions, advanced graphic and image
solutions, digital and retail display solutions. Our commercial
lighting group consists of high-performance, American-made lighting
products and control systems. Retail display solutions include
advanced graphics and image solutions, digital signage, and
technically advanced food display equipment for strategic vertical
markets. LSI's team of internal specialists also provides
comprehensive project management services in support of large-scale
product rollouts. The company employs about 1,400 people at 11
manufacturing plants in the U.S. and Canada. Additional information
about LSI is available at www.lsicorp.com.
Investor ContactNoel Ryan,
IRC720.778.2415LYTS@vallumadvisors.com
Media ContactCliff SpurlockMarketing &
Communications Manager513.372.3143cliff.spurlock@lsicorp.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a1f05722-62d4-4472-b89c-3bad3e578e1e
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