CINCINNATI, July 21, 2015 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ:LYTS) today announced the completion of two prominent image installations in downtown Cincinnati in advance of the 2015 Major League Baseball (MLB) All Star festivities, which took place on July 11th -14th at the Cincinnati Reds Stadium. LSI Industries manufactured and installed the new outdoor Video Board at the Cincinnati Reds stadium entrance on the Hall of Fame wall outside Great American Ballpark. LSI also manufactured and donated new specialty lighting fixtures for the historic Roebling Bridge that spans the Ohio River from Kentucky into downtown Cincinnati.
Ross Sferra, Director of LSI's SmartVision® business, and his team led the LED Video Board project for Great American Ballpark, home of the Cincinnati Reds. The Video Board was assembled in the LSI Blue Ash, Ohio plant in late June. The new 20 foot by 30 foot LED Video Board utilized 10mm LED spacing, with 930 pixels per square foot. This compares to the Reds' existing scoreboard, which contains 250 pixels per square foot. The resulting clarity of the new board is about three times sharper than the existing jumbo scoreboard. LSI won the project due to its ability to manufacture and install a board with the size and clarity required for the project in an extremely short period of time.
LSI also manufactured specialty lighting to illuminate the towers of the John A. Roebling Suspension Bridge, one of Greater Cincinnati’s most prominent landmarks. Additionally, a custom paint job was utilized to create light fixtures that match the shade of blue that defines the bridge. The committee in charge of the bridge’s lights and flags replaced the lighting on the signature towers prior to the All Star game. Henry Peters, President of the Covington-Cincinnati Suspension Bridge Committee, commented, “The bridge will be brighter at night and stand out more than it has in the past, especially when they show the night views.”
John Bagwell, President - LSI Technology Division, stated, “As a local Cincinnati-based company, LSI Industries is very pleased to have participated in these prominent landmark installations. The LSI SmartVision® Video Board for the Great American Ballpark is another example of the application of our core strategy of Lighting + Graphics + Technology to provide our customers with Superior Image Solutions. Importantly, with over two decades of experience in the development of large format LED indoor and outdoor displays, we were able to move quickly to provide a reliable and durable video board for this project." Mr. Bagwell also noted, "When you watch almost any national TV broadcast of a Cincinnati Reds or Bengals game you will see a view of the stadium with the bridge in the foreground. If it is a night game, like the MLB All-Star Games, the bridge’s lights stand out. The bridge was highlighted on virtually every aerial camera view of the All-Star Game."
"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, 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
Leadership. Strength. Innovation. These are the key values upon which LSI Industries Inc. was founded in 1976. Today LSI demonstrates these values in our dedication to advancing technology throughout all aspects of our business. From product solutions to production techniques, we are committed to American innovation through technology. The fundamental core strategy of LSI Industries is "Lighting + Graphics + Technology = Complete Image Solution."
We are a vertically integrated manufacturer which combines technology, design and manufacturing to produce efficient, high quality lighting and graphics products. We are dedicated to advancing solid-state LED technology to make affordable, high performance, energy efficient lighting and custom graphic products that provide value to our customers. We offer design support, engineering, installation and project management for custom lighting and graphics rollout programs.
Our major markets include commercial / industrial lighting, petroleum / convenience store and multi-site retail (including automobile dealerships, restaurants and national retail accounts).
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, are 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.