LSI Industries Awarded, and Completes, Multimillion-Dollar ExxonMobil Contactless Payment, Near Field Communication Project
25 Janvier 2021 - 11:35PM
LSI Industries (NASDAQ: LYTS), a leading U.S. based manufacturer of
indoor and outdoor lighting and graphics solutions, said today that
it has substantially completed a multimillion-dollar “Pay at the
Pump” contactless payment project for ExxonMobil, a long-standing
customer of LSI.
Awarded in 2020, the highly-complex, multi-location project
involved the on-site analysis of more than 11,500 ExxonMobil
stations throughout North America and the production and
installation of a series of labels and QR coded graphics with
embedded Near Field Communication (NFC) capabilities allowing the
use of Apple Pay and Google Pay at the pump along with support for
the ExxonMobil Rewards+ app.
“ExxonMobil is one of the largest companies in the world, and we
are honored that they chose LSI to play a critically important role
in their groundbreaking contactless payment initiative,” said Jim
Clark, President and CEO of LSI Industries. “We appreciate the
confidence and trust we’ve earned over many years of service to
ExxonMobil, qualities that, along with our extensive product line
and project management capabilities, significantly differentiate
LSI in the marketplace.”
“LSI has a proven track record, and is built in part to manage
extremely complex, multi-location projects such as ExxonMobil’s NFC
rollout,” said Robin Hood, Executive Vice President of LSI. “In
addition to performing thousands of on-site activations nationwide,
the LSI team meticulously coordinated with ExxonMobil, Apple and
Google to develop site-specific kits of NFC labels and associated
decals – each needing to be applied in the proper location and
sequence within the space available on a myriad of different
fueling pumps across America.”
Driven by consumer demand for contactless payment options, the
QR code and NFC technology at the pump allows customers to make
secure transactions, exchange digital content and connect
electronic devices using a mobile device. With NFC, ExxonMobil
customers can use their smartphones and tablets to authorize their
purchases and manage their applicable payment reward programs using
the Apple Pay, Google Pay and ExxonMobil Rewards+
platforms. The project is substantially complete, with
various follow-up activities expected through February of this
year.
About LSI Industries, Inc.Headquartered in Blue
Ash, Ohio (Greater Cincinnati), LSI Industries is a leading
producer of high-performance, American-made lighting and graphic
solutions. The Company’s strength in these applications creates
opportunities for it to introduce additional solutions to its
valued customers. LSI’s indoor and outdoor products and services,
including its digital and print graphics capabilities, are valued
by architects, engineers, distributors and contractors for their
quality, reliability and innovation. The Company’s products are
used extensively in automotive dealerships, fueling stations, quick
service restaurants, grocery stores and pharmacies, retail
establishments, sports complexes, parking lots and garages, and
commercial and industrial buildings. LSI has approximately 1,100
employees at seven manufacturing plants in the United States,
including its corporate headquarters. Additional information about
LSI is available at www.lsicorp.com.
Forward-Looking Statements:For
details on the uncertainties that may cause our actual results to
be materially different than those expressed in our forward-looking
statements, visit https://investors.lsicorp.com as well as our
Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q
which contain risk factors.
Contacts:
Investors:Noel Ryan,
IRC720.778.2415LYTS@vallumadvisors.com
Media:Mike WallnerSenior Manager,
Communications513.372.3417mike.wallner@lsicorp.com
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