×

LSI Industries Inc. Combines Graphics and Lighting Capabilities to Become Image Provider for Phillips 66's Fuel Brands National Reimage Program

CINCINNATI, April 15, 2015 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) today announced the Company has been named the provider of graphics and lighting for two of Phillips 66's fuel brands. The national image programs include the new Phillips 66 Shield and 76 Wave, which will begin rolling out at several hundred locations in 2015.

LSI demonstrated its capabilities and commitment to this program through a lengthy and active development process, which included numerous prototypes and implementation across multiple test sites to arrive at the proper balance of value and image impact. The new image packages contain a broad array of LSI-developed products ranging from dispenser decals to custom LED illuminated canopy fascia to energy efficient LED under-canopy lighting. Extensive survey and logistics work by the LSI program management and implementation services group of LSI Adapt provided critically important data to help drive customer decisions and rollout plans for Phillip 66's innovative "Brand Image Central (BIC)" program. As a preferred provider, LSI would expect to participate in this program beyond the initial 2015 rollout launch.

Robin Hood, Executive Vice President of LSI Graphics Segment, said, "Our long-term partnership with Phillips 66 once again utilized the expertise of our team and its proprietary image creation capabilities in support of the development process with quick, cost effective solutions – vital in a national rollout program with over 500 individual graphic and lighting elements and a demanding schedule. This project is a good example of how LSI positions itself and works closely with national brand name companies to provide image development, prototyping, support, and roll-out execution to achieve cost-effective and complete lighting combined with graphics image solutions."

Commenting on the announcement, Dave McCauley, President of LSI Graphics Segment, commented, "We are proud to be a partner in such a dynamic and well tested program and are enthusiastic about bringing our "Lighting + Graphics = Image" expertise to this project to provide a comprehensive image creation experience for our customer. We are an image company that successfully integrates lighting, graphics, and management services for our customers. We are pleased to report on the increasing interest we are seeing in the overall petroleum market with regard to site reimaging, as well as the multitude of potential reimaging projects in our other core national markets."

"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, 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.