CINCINNATI, Oct. 16, 2013 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) continued to demonstrate its solid-state LED lighting leadership position in the retail petroleum and convenience store markets at the National Association of Convenience Stores (NACS) convention and show, which was held this week in Atlanta. LSI unveiled its newest additions to the Legacy™ solid-state LED canopy lighting product line, including a fixture that specifically addresses the needs of double deck canopy structures. A choice of three mounting alternatives addresses both domestic and international markets.
These new products complement LSI's previously introduced innovative Legacy™ LED canopy lighting fixture product line, featuring the Scottsdale® Legacy™ LED canopy lighting solution. Additionally, LSI introduced a number of new LED fixtures for interior applications that are ideally suited to the convenience store market. The Sterling™ and AeroMax™ outdoor area lights were also showcased at the convention.
Scott Ready, President, commented, "Our new LED products were well-received at the NACS show. The market excitement for these products continues to grow and is having a very positive impact on our overall sales and business activity in both our domestic and international petroleum markets."Mr. Ready continued, "A recently won project from an important international petroleum market customer was based on the performance and value offered by our Legacy™ product line and related area light products. This project consists of upgrading over 250 facilities located in more than 11 countries over a 6 to 12 month period." Mr. Ready went on to say, "Fiscal 2014 is off to a strong start and the momentum continues to build. Our lines of solid-state LED products continue to lead the way in this transformative period for the lighting industry." "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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV