CINCINNATI, Jan. 9, 2015 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) today announced the appointment of John A. Bagwell as President, Technology Division, effective January 5, 2015. Mr. Bagwell joins LSI with an extensive background in LED lighting and controls, energy management and building automation. Prior to joining the Company he was President of TacTouch, Inc. Previous employers include Acuity Brands Lighting, Automated Logic Corporation and TRIATEK, Inc.
Mr. Bagwell commented, "I am very excited to join the LSI team and participate in its future success. I embrace the Company's strategy of Lighting + Graphics = Image, and look forward to working with LSI's team and applying my expertise in technology to further strengthen this strategy."
Dennis W. Wells, President and Chief Executive Officer, commented, "I am very excited with Mr. Bagwell's addition to LSI's executive team. The world of technology is changing rapidly and we need smart, energetic people working to define our place in this new connected world. I am confident that Mr. Bagwell will lead us in the right direction. He and his team will work closely with Shawn M. Toney, President, LSI Lighting Segment, and David W. McCauley, President, LSI Graphics Segment, to grow LSI's position as a leader in image solutions. Specifically, Mr. Bagwell and his team will be tasked with improving the profitability of the Technology Division and to develop new innovations for our future success."
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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, the results of asset impairment assessments, the Company's ability to maintain an effective system of internal control over financial reporting, our ability to remediate any material weaknesses in our internal control over financial reporting and the other risk factors that are identified herein. 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. These are the key values upon which LSI Industries Inc. was founded in 1976. Today LSI demonstrates these values in our dedication to advancing technology throughout all aspects of our business. From product solutions to production techniques, we are committed to American innovation through technology. The fundamental core strategy of LSI Industries is "Lighting + Graphics + Technology = Complete Image Solution."
We are a vertically integrated manufacturer which combines technology, design and manufacturing to produce efficient, high quality lighting and graphics products. We are dedicated to advancing solid-state LED technology to make affordable, high performance, energy efficient lighting and custom graphic products that provide value to our customers. We offer design support, engineering, installation and project management for custom lighting and graphics rollout programs for the retail environment.
Our major markets include commercial / industrial lighting, petroleum / convenience store and multi-site retail (including automobile dealerships, restaurants and national retail accounts).
For further information, contact Dennis W. Wells, Chief Executive Officer, 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: DENNIS W. WELLS (513) 793-3200
Source:LSI Industries Inc.