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LSI Industries Inc. Announces the Appointment of Ron Newbold as President of the LSI Lighting Segment

CINCINNATI, Oct. 17, 2017 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ:LYTS) today announced the appointment of Ron Newbold as President of the LSI Lighting Segment. Mr. Newbold most recently served as Vice President of Brand Management at Hubbell Lighting, and had been with Hubbell since 1997 with progressive leadership positions spanning strategic planning, marketing, sales, and engineering. He began his career in lighting at Lithonia Lighting in 1990 serving in roles of increasing responsibility in manufacturing, procurement, marketing, and product management. Mr. Newbold received a Masters of Science in Management from Indiana Wesleyan University, and a Bachelor of Arts from Indiana University.

Mr. Newbold commented, “I am excited to join the LSI team at this compelling time as the Company looks ahead to optimizing its top-line and bottom-line growth. I have followed LSI’s progress over the past few years as the Company has successfully transformed its business through an impressive turnaround period. LSI has a strong, respected brand and I am also impressed with the Company’s progress in expanding its marketing and sales capabilities. The Company has also positioned itself on a strong competitive footing with its focus on lean initiatives, and I am inspired by the continued commitment to drive improvements and efficiencies through its LSI Business System.”

Dennis W. Wells, Chief Executive Officer and President, commented, “We are excited to have Ron join the LSI executive management team. Ron has impressive strategic insight into the lighting business as well as a proven ability to drive top-line growth. He is experienced in managing all aspects of a P&L, and has a solid background in leading sales, marketing, engineering, product development and product management teams. We are impressed by his strategic thinking, as well as his breadth of knowledge in all aspects of the lighting industry. Ron is known by many of our key sales agencies and representatives and will be effective immediately in growing our relationships with them. I am confident that Ron’s leadership will meaningfully drive excellence as the Company continues to advance through its optimization period with revitalized sales, a pipeline of new products, leaner operations, and a solid financial condition.”

"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, failure of an acquisition or acquired company to achieve its plans or objectives generally, unexpected difficulties in integrating acquired businesses, the ability to retain key employees, unfavorable economic and market conditions, the results of asset impairment assessments, the ability to maintain an effective system of internal control over financial reporting, the ability to remediate any material weaknesses in internal control over financial reporting and any 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

We are a customer-centric company that positions itself as a value-added, trusted partner in developing superior image solutions through our world-class lighting, graphics, and technology capabilities. Our core strategy of "Lighting + Graphics + Technology = Complete Image Solutions" differentiates us from our competitors.

We are committed to advancing solid-state LED technology to make affordable, high performance, energy-efficient lighting and custom graphic products that bring value to our customers. We have a vast offering of innovative solutions for virtually any lighting or graphics application. In addition, we provide sophisticated lighting and energy management control solutions to help customers manage their energy performance. Further, we provide a full range of design support, engineering, installation and project management services to our customers.

We are a vertically integrated U.S.-based manufacturer concentrating on serving customers in North America and Latin America. Our major markets include commercial / industrial lighting, petroleum / convenience store and multi-site retail (including automobile dealerships, restaurants and national retail accounts). Headquartered in Cincinnati, Ohio, LSI has facilities in Ohio, California, Kentucky, New York, North Carolina and Texas. The Company’s common shares are traded on the NASDAQ Global Select Market under the symbol LYTS.

For further information, contact Dennis Wells, Chief Executive Officer and President 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 WELLS
(513) 793-3200

Source:LSI Industries Inc.