LSI Industries Introduces New LED Linear Parking Garage Fixture

CINCINNATI, Sept. 24, 2013 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) today introduced the LED XLPG, a new LED linear parking garage fixture. Specially designed to meet the needs of the parking garage space, LSI's XLPG is purpose built to deliver optimum performance using significantly less energy as compared to traditional light sources. Energy-efficient LEDs combined with uniquely designed precision optics optimize light output for uniform illumination without any 'cave effect' or glare. Further, the XLPG has a number of features to ensure easy installation and virtually no maintenance, making it an affordable value and the LED solution of choice for new construction and retrofit parking garage applications.

Scott Ready, President, commented, "I am very excited to introduce this innovative LED parking garage fixture. The XLPG provides outstanding uniformity and "seeability" with virtually no glare or diode visibility. It has been constructed to withstand weather elements and vandalism, and requires up to 57% less energy when compared to traditional light sources. The fixture is available in a range of color temperatures, and is also designed to meet IES RP-20 and IES G-1 specifications. Additionally, the fixture utilizes controls such as occupancy sensors and dimming to further improve energy savings."

Mr. Ready said, "The XLPG LED linear parking garage fixture represents the fourth major LED product introduction that we have announced over the past several months. Our Scottsdale® Legacy™ and Legacy™ LED canopy lights are already transforming the petroleum market with their superior performance, energy efficiency and attractive design, while our Sterling™ area light has provided the market with a light source that provides optimal performance and flexibility, including optional LSI Virticus integrated wireless control and information systems. Both our new canopy and area lighting solutions have already received great reception in the marketplace, exceeding our initial expectations. We are confident that the LED XLPG fixture, with its combination of optimum performance and energy efficiency, will be received as an attractive new product for parking garage lighting."

Mr. Ready continued, "We continue to experience strong lighting and graphics operating results during the first quarter-to-date, and look forward to reporting substantially higher sales and earnings during the current fiscal year."

"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.

About the Company

Leadership. Strength. Innovation. Those are the key values behind the smart vision upon which LSI Industries Inc. was founded when established in 1976. Today LSI demonstrates this in our dedication to advancing technology throughout all aspects of our business – in both product solutions and production techniques. We are committed to American innovation through technology.

We are a vertically integrated manufacturer who combines assimilated technology, design and manufacturing to produce the most efficient, high quality products possible. We are dedicated to advancing solid-state technology to make affordable, high performance, energy efficient lighting and custom graphic products that bring value to our customers. In addition, we can provide sophisticated lighting and energy management control solutions to help customers manage their energy performance. Further, we offer design support, engineering, installation and project management for custom graphics rollout programs for today's retail environment. 

LSI is proud to be an American company with an American work force, building an American product. We are a U.S. manufacturer with marketing / sales efforts throughout the world with concentration currently on North America, Latin America, Australia, New Zealand, Asia, Europe and the Middle East. Our major markets include the commercial / industrial lighting, petroleum / convenience store, multi-site retail (including automobile dealerships, restaurants and national retail accounts), sports and entertainment markets. Headquartered in Cincinnati, Ohio, LSI has facilities in Ohio, Kansas, Kentucky, New York, North Carolina, Oregon, Rhode Island, Texas and Montreal, Canada. The Company's common shares are traded on the NASDAQ Global Select Market under the symbol LYTS. 

As we redefine LSI Industries' place in the markets we serve, we will emphasize our commitment to preserving the foundation of a well-managed, financially strong and creatively unique company with even stronger emphasis on a growing technology base. Through the Leadership, Strength and Innovation that is core to our culture, we move forward continuing our transition to a technology-reliant company with lighting and graphics and the ability to provide the stronger performance our many partners expect.

For further information, contact either Bob Ready, Chief Executive Officer, or Ron Stowell, Vice President, Chief Financial Officer, and Treasurer 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. 
CONTACT: BOB READY OR         RON STOWELL         (513) 793-3200

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