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LSI Recognized for Digital Technology Growth and Commitment to Customer Success

1226 Days ago

CINCINNATI, July 26, 2018 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ: LYTS) today announced that the Company has been recognized as Gold Partner of the Year by Samsung Electronics America.  The award was announced at the Smart Signage Awards celebration at InfoComm in Las Vegas. 

LSI’s advanced digital technology offering, which is branded as SOAR, utilizes Samsung products as part of its integrated turn-key solution model.  LSI was recognized for achieving the required criteria of high revenue growth rate and commitment to customer success. 

Jeff Croskey, President of LSI Graphics Segment, said “LSI’s investments in digital and engagement technology continue to generate success and reflect an important trend in retail today.  The potential for digital signage has never been greater, providing retail businesses with the ability to more effectively interact with customers than ever before.  Our comprehensive offering, which has set a new standard within the digital signage industry, enables businesses to interface seamlessly and continuously with customers.”

Mr. Croskey continued: “Through SOAR’s Advanced Digital Signage Offering, LSI has created a customer-focused and full-service business model that enhances the consumer experience, while improving operational efficiencies and engagement for brands.  The integrated model provides a comprehensive package for on-site digital marketing and communications, including site survey work, system design, hardware/software applications, content creation and management, installation and deployment, and training. 

“This solution aligns with LSI’s extensive offerings in large, national lighting and graphics programs, as well as initiatives in retail analytics and connected lighting.  This combined offering positions LSI to provide a cost effective value proposition to a wide range of industry segments looking to satisfy changing consumer expectations, and generate revenue and create brand loyalty.”

LSI continues to implement successful SOAR solutions in multiple market segments including Quick Serve Restaurants, Automotive, Banking, Grocery, and Petroleum.  In addition, the company continues to aggressively target additional segments for growth.   

"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, failure of an acquisition or acquired company to achieve its plans or objectives generally, 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 ability to maintain an effective system of internal control over financial reporting, the ability to remediate any material weaknesses in 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, California, Kentucky, New York, North Carolina and Texas. The Company’s common shares are traded on the NASDAQ Global Select Market under the symbol LYTS.

For further information, contact Jim Galeese, Executive Vice President and Chief Financial Officer 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.

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