LSI INDUSTRIES INC. CINCINNATI, Dec. 09, 2015 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ:LYTS) today announced the introduction of the following products to its growing family of LED fixtures:
- Artistic Light Panels® – which are slim, lightweight, quickly installable sheets of light-emitting material with specially-etched groove surfaces.
- Aureus®LED High Bay – which offers excellent ambient light with symmetrical light distribution in a warehouse or factory environment.
- LiniArc® Series – which deliver indirect and direct lighting with style and includes a wide variety of fixture designs and distribution choices.
Dennis Wells, Chief Executive Officer and President, commented, "We are continuing to expand our offering of LED fixtures for both indoor and outdoor applications. These new products are representative of the versatile, high-quality lighting solutions that our customers are seeking."
Mr. Wells went on to state, "Recent invoiced shipments of LED fixtures exceeded 70% of total lighting results at LSI Industries. This is an important milestone. A few years ago, LED was just emerging as an alternative solution to traditional lighting fixtures. Today most new construction uses only LED fixtures and most existing buildings are at least considering a solid-state upgrade. LED lighting fixtures provide building owners with a substantial savings on their utility/electrical costs when compared to HID or even fluorescent lighting fixtures, as well as significant maintenance savings over the life of the fixture. There is a strong movement across the US to reduce energy consumption, and LSI is proud to be a leader in that movement."
"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
LSI Industries Introduces New LED Fixtures and LED Shipments Exceed 70% of Total
December 9, 2015
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.
About the Company
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.
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.
CONTACT: DENNIS W. WELLS (513) 793-3200
