LSI Industries Inc. Expands Graphics Capacity and Capabilities
18 Avril 2006 - 10:49PM
PR Newswire (US)
CINCINNATI, April 18 /PRNewswire-FirstCall/ -- LSI Industries Inc.
(NASDAQ:LYTS) today announced that it continues to increase its
graphics capacity and capabilities and has recently installed one
of the graphics industry's most advanced flatbed digital presses at
its Graphics Solutions Plus division headquartered in North Canton,
Ohio. This press, the Inca Columbia Turbo Digital Press, has higher
throughput and quality, is more cost efficient, and will heighten
color range output and print on a wider variety of substrates. This
is LSI's third press in the Inca Digital Technologies printing
line, and makes LSI among the largest fleet operator of advanced
flatbed digital presses in North America. LSI Industries intends to
continue its capital investment in its graphics division as demand
continues to grow, particularly for digital-based printing. David
McCauley, President of LSI Graphics Solutions Plus, said, "Our
customers' demand for digital printing versus conventional screen,
litho and other print methods is growing tremendously. Their need
to lower inventory risk and switch to 'on demand' printing
continues to grow. The ability to constantly change text messages
or add variable graphics for different demographics continues to
advance. Our investment in these digital presses will now allow us
to serve our market with a wider range of orders. Our digital
printing, along with our traditional printing and fabrication
methods, provides customers with broad capabilities to meet growing
market needs. We are proud to continue to be a front-runner in the
digital printing arena and are well positioned to maintain our
market leader position and to grow our image business." Robert J.
Ready, Chairman and CEO of LSI Industries, commented, "Our core
strategy of being able to provide customers with both lighting and
graphics to create an image continues to work well in our
marketplace. Having a solid balance sheet allows LSI Industries to
make the appropriate investments in leading edge technologies such
as new state of the art digital press equipment." "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 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. These risks and uncertainties include,
but are not limited to, the impact of competitive products and
services, product demand and market acceptance risks, reliance on
key customers, financial difficulties experienced by customers, the
adequacy of reserves and allowances for doubtful accounts,
fluctuations in operating results or costs, unexpected difficulties
in integrating acquired businesses, and the ability to retain key
employees of acquired businesses. The Company has no obligation to
update any forward-looking statements to reflect subsequent events
or circumstances. About the Company LSI Industries is an Image
Solutions company, combining integrated design, manufacturing, and
technology to supply its own high quality lighting fixtures and
graphics elements for applications in the retail, specialty niche,
and commercial markets. The Company's Lighting Segment produces
high performance products dedicated to the outdoor, architectural
outdoor, indoor, architectural indoor and accent/downlight markets.
The Graphics Segment provides a vast array of products and services
including signage, menu board systems, active digital signage,
decorative fixturing, design support, engineering and project
management for custom programs for today's retail environment.
LSI's major markets are the petroleum / convenience store,
multi-site retail (including automobile dealerships, restaurants
and national retail accounts) and the commercial / industrial
lighting markets. LSI employs approximately 1,700 people in
thirteen facilities located in Ohio, California, New York, North
Carolina, Kansas, Kentucky, Rhode Island, Tennessee, and Texas. The
Company's common shares are traded on the Nasdaq National Market
under the symbol LYTS. For further information, contact either Bob
Ready, Chief Executive Officer and President, 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 http://www.lsi-industries.com/ or by email or fax,
by calling the Investor Relations Department at (513) 793-3200.
DATASOURCE: LSI Industries Inc. CONTACT: Bob Ready or Ron Stowell,
+1-513-793-3200, both of LSI Industries Inc. Web site:
http://www.lsi-industries.com/
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