CINCINNATI, Sept. 1, 2011 (GLOBE NEWSWIRE) — LSI Industries Inc. (Nasdaq:LYTS – News) today:
LSI recently launched three new LED lighting products designed for the petroleum market. These products utilize cutting-edge LED technology and offer superior canopy, area and interior lighting solutions combined with cost savings. The Crossover(R) Gold LED Canopy light series provides a retrofit to the highly successful Scottsdale(R) canopy lighting family.
Scott Ready, President, commented, “These three new products respond to customer demand for next-generation lighting performance and enhanced energy efficiency in the petroleum market. The Crossover(R) Gold series improves upon LSI’s Crossover Generation 3 canopy light and offers a retrofit to our highly successful Scottsdale canopy lighting system. The series provides customers with superior performance, improved energy savings and simplified installation and maintenance. The product boasts a three-year ROI as a result of energy and maintenance savings. It has been designed to offer two light distributions, allowing customers to choose either a direct or a diffused light distribution. The Crossover Gold’s installation requires just one plug-in connector for upgrading from the Scottsdale. A YouTube video demonstrating the simple installation of a Crossover Gold fixture can be found on LSI’s website at www.lsi-industries.com.
“The new XGB3 LED area light utilizes Crossover LED technology and is designed to retrofit our popular Greenbriar lighting series, offering 128 high brightness LEDs with an expected life of 60,000 to 100,000 hours. The XGB3 has a conventional square housing with top access, providing easy installation and driver access. This product responds to customer demand for increased horsepower in area lighting.
“Finally I am excited about our new interior troffer light. The XRT22 LED recessed troffer is designed to replace less-efficient fluorescent fixtures indoors. The frame and housing design allows access to the fixture from below the ceiling, greatly simplifying maintenance and lens replacement. It consists of 48 high brightness LEDs and offers uniform illumination, superior vertical lighting, and an expected 60,000 hour life. This is the first interior troffer that we have offered to the petroleum market, and it is a product that our customers have been requesting.
“All of these products are currently in stock and ready to ship to our customers.”
Robert J. Ready, Chairman and Chief Executive Officer, commented, “In 1995 we introduced the successful Scottsdale(R) canopy lighting family, which now boasts 1.8 million installations at petroleum markets worldwide. Today we are excited to offer the Crossover(R) Gold to our petroleum customers, a next generation product that builds upon everything that made the Scottsdale an industry leader. This product, combined with the new area light and interior troffer, solidifies our position as a leading supplier of premium lighting solutions for the petroleum market. In this environment of increasing gas prices and competitive pressures, we are proud to be able to offer our petroleum customers win-win solutions that offer both improved performance and cost savings. Additionally, while these new products are being initially marketed to our petroleum customers, they have applicability within our other commercial markets as well.”
For more information on all of our LED lighting solutions, please visit LSI’s website at www.lsi-industries.com.
“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. We are a vertically integrated manufacturer who combines integrated technology, design and manufacturing to produce the most efficient, high quality products in all of our facilities across the United States.
We are committed to advancing solid-state technology to produce 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. Further, we can provide design support, engineering, installation and project management for custom graphics rollout programs for today’s retail environment.
LSI is 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, New York, North Carolina, Kansas, Kentucky, Rhode Island, Texas and Montreal, Canada. The Company’s common shares are traded on the NASDAQ Global Select Market under the symbol LYTS.
The LSI Industries Inc. logo is available at https://www.globenewswire.com/newsroom/prs/?pkgid=3646
For further information, contact either Bob Ready, Chief Executive Officer, or Ron Stowell, Vice President, Chief Financial Officer, and Treasurer 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.