CINCINNATI, April 4, 2013 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) announced today the introduction of the Sterling™ (XSB) LED area light. "With this introduction, LSI Industries has taken LED area lighting performance to a whole new level," commented Scott D. Ready, President. Featuring LSI's proprietary Zonal Optics in an attractive one-piece die-cast housing, the Sterling's LED optical assemblies and distribution patterns provide tremendous flexibility in area lighting options. These patented, angled LED optical assemblies are purposely positioned to deliver light with precision control for greater uniformity and increased distance between pole assemblies. As a result, fewer light assemblies are required, translating into lower energy and installation costs with a faster payback.
The Sterling is available with optional LSI Virticus integrated wireless control and information systems. The luminaire, complete with controls, is designed and manufactured in LSI's US facilities. The Sterling's proper balance of efficacy, distribution efficiency and high lumen output allows for the delivery of superior lighting.
Mr. Ready continued, "After a year and a half of development we are excited to introduce to the market a revolutionary new patented platform for LED lighting that will become a basis for future product innovation.""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.
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