CINCINNATI, July 1, 2013 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) today announced that it has appointed Robert P. Beech to its Board of Directors effective immediately. Mr. Beech has substantial experience as a CEO and senior corporate executive, leading high-technology ventures and strategic initiatives. He is currently engaged as Entrepreneur-in-Residence for biosciences at CincyTechUSA. From 2004 through 2012 he was a senior executive at Intrexon Corporation, a privately held biotechnology company based in Maryland. Prior to 2003, he was CEO of Digineer, Inc., an international healthcare IT software and services company he founded in 1986 and led until 2002. At its peak the company employed over 140 information technology professionals.
Bob received a BS degree in Biology from the University of Miami honors and privileged studies program, graduating magna cum laude. He performed post-graduate studies in microbiology at Florida State University and received a Medical Technology degree in conjunction with Tallahassee Memorial Regional Medical Center. Bob is a long-standing member of the American Society of Clinical Pathology and was involved in clinical diagnostics prior to leading healthcare and biotechnology ventures.
Robert J. Ready, Chief Executive Officer, stated, "We welcome Bob Beech to our board and look forward to his contributions and insights, particularly as they pertain to technology oriented aspects as we pursue solid-state LED lighting and graphics opportunities. From design and engineering, through manufacturing, and sales and service, our business is increasingly being influenced by advanced technologies."
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About the Company
Leadership. Strength. Innovation. Those are the key values behind the smart vision upon which LSI Industries Inc. was founded when established in 1976. Today LSI demonstrates this in our dedication to advancing technology throughout all aspects of our business – in both product solutions and production techniques. We are committed to American innovation through technology.
We are a vertically integrated manufacturer who combines assimilated technology, design and manufacturing to produce the most efficient, high quality products possible. We are dedicated to advancing solid-state technology to make affordable, high performance, energy efficient lighting and custom graphic products that bring value to our customers. In addition, we can provide sophisticated lighting and energy management control solutions to help customers manage their energy performance. Further, we offer design support, engineering, installation and project management for custom graphics rollout programs for today's retail environment.
LSI is proud to be an American company with an American work force, building an American product. We are a U.S. manufacturer with marketing / sales efforts throughout the world with concentration currently on North America, Latin America, Australia, New Zealand, Asia, Europe and the Middle East. Our major markets include the commercial / industrial lighting, petroleum / convenience store, multi-site retail (including automobile dealerships, restaurants and national retail accounts), sports and entertainment markets. Headquartered in Cincinnati, Ohio, LSI has facilities in Ohio, Kansas, Kentucky, New York, North Carolina, Oregon, Rhode Island, Texas and Montreal, Canada. The Company's common shares are traded on the NASDAQ Global Select Market under the symbol LYTS.
As we redefine LSI Industries' place in the markets we serve, we will emphasize our commitment to preserving the foundation of a well-managed, financially strong and creatively unique company with even stronger emphasis on a growing technology base. Through the Leadership, Strength and Innovation that is core to our culture, we move forward continuing our transition to a technology-reliant company with lighting and graphics and the ability to provide the stronger performance our many partners expect.
For further information, contact either Bob Ready, Chief Executive Officer, 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 www.lsi-industries.com or by email or fax, by calling the Investor Relations Department at (513) 793-3200.
CONTACT: BOB READY OR RON STOWELL (513) 793-3200
Source:LSI Industries Inc.