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Blue Ash-based LSI also has picked up a contract, worth $22 millioj to $23 million, to upgrade the lighting for a nationalk chain of gas stationjconvenience stores, according to a news release. The news sent shared of LSI (NASDAQ: LYTS) up more than 14 or 70 cents, to $5.52 in Tuesdayg afternoon trading. ADL's circuit boards and assembliesd are used in applications that includeLED lighting, an area whers LSI has been trying to expand. LSI purchasecd Montreal-based LSI Saco a designer of LED lighting, in 2006.
The contract with the retaipl chain, which LSI did not identify, involvese upgrading canopy, site and security lighting with LED The initial phase involves the conversion of morethan 1,1009 stores, LSI said, with additional work possible in fiscal 2010 and 2011. “Theses are two very positive developments forLSI Industries,” said Robertt Ready, president and CEO in the release. “Vergy clearly, the interest and momentum in LED-based lighting solutions is growing rapidly.” LSI manufactures and marketxs indoor and outdoor lighting and graphics in North andSouth America, Australia, New Zealand and Europe.
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