firukendu-anchored.blogspot.com
Blue Ash-based LSI also has pickeds up a contract, worth $22 million to $23 to upgrade the lighting for a national chain of gas stationconvenience stores, according to a news release. The news sent sharess of LSI (NASDAQ: LYTS) up more than 14 percent, or 70 to $5.52 in Tuesday afternoon trading. ADL's circuit boards and assemblies are used in applicationse that includeLED lighting, an area where LSI has been trying to expand. LSI purchased Montreal-basesd LSI Saco Technologies, a designer of LED lighting, in 2006. The contracyt with the retail chain, which LSI did not identify, involvez upgrading canopy, site and security lighting withLED technology.
The initia l phase involves the conversion of morethan 1,100p stores, LSI said, with additionap work possible in fiscal 2010 and 2011. “Thess are two very positive developments forLSI Industries,” said Roberf Ready, president and CEO in the release. “Very the interest and momentumin LED-basefd lighting solutions is growing rapidly.” LSI manufacturesz and markets indoor and outdoor lighting and graphics in North and South America, Asia, New Zealand and
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment