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LSI Industries Inc. Comments On Possible Business Opportunities Arising From LSI International Corp.

Stocks in this article: LYTS

CINCINNATI, Oct. 17, 2013 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) today provided comments in connection with LSI International Corp., an independently owned entity which does business with LSI Industries.

Headquartered in Montreal with corporate offices in Europe, the Middle East, the United Kingdom and North America, LSI International Corp. is engaged in the business of providing a variety of solid-state LED lighting and media solutions. In particular, LSI International has expertise in integrated video systems applicable to commercial buildings and entertainment productions. LSI International recently advised LSI Industries that it has acquired certain of the assets of CITILED SAS, CITILED SARL and CITILED UK. It was reported in LSI International's press release of today that this acquisition is of a highly strategic nature for LSI International Corp. from both a lighting and video perspective. Their press release went on to say:

CITILED was founded in 2006 and its founders have a combined experience of more than 30 years in the LED Video Industry. As a fast growing international company, CITILED has branch offices in Abu Dhabi (UAE), London (UK), Beirut (Lebanon) and Riyadh (Saudi Arabia). Specializing in the design, engineering, supply and installation of large LED lighting and video systems cladding entire buildings, also known as 'media facade.' LED video lighting has become a new architectural material and allows infinite creative possibilities to build facades. CITILED designs and systems are used for architectural purposes, hotels, hospitals, airports, sports arenas, retail, events and custom applications.

CITILED installed the world's largest LED Media Facade at King's Road Tower, Jeddah, Saudi Arabia. The custom screen measures over 10,000 sqm and has more than 5 million LED's. Having used its patented DMF (Digital Media Facade) technology, the system is virtually transparent and can display graphic images on the facade while still permitting daylight to enter the building. Other notable projects are Agbar Tower designed by architect Jean Nouvel in Barcelona; the Hermes building in Singapore, Maroc Telecom in Morocco, Cocor in Bucharest and SEC in Beirut.

Further information, including comments from Fred Jalbout, President and CEO of LSI International Corp., and Jonathan Labbee, Chief Operating Officer of LSI International Corp., can be found in that company's press release.

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