The Excursion offers significant performance advancements along with visual comfort and architectural appeal in one fixture.
CINCINNATI, Oct. 10, 2018 — LSI Industries Inc. (NASDAQ: LYTS) today announced that the new Excursion luminaire, designed for use in parking structure applications, delivers an increase in efficacy that achieves DLC Premium performance and brings more value to the customer.
Through improved assembly methods, manufacturing tolerance control, and further process improvements, LSI achieved a significant increase in light extraction making the 3000K – 5000K CCT product meet and/or exceed DLC premium requirements. Choosing to hold lumen output constant to previous levels, the increase in optical efficiency realized allowed LSI to pass on this performance gain in the form of increased efficacy and an average reduction in wattage of 20%.
At the heart of the Excursion is an engineered solution that combines the principles of refraction and total internal reflection with a printed algorithmic optical technology. The result is an efficient, unique, visually pleasing lighting solution that provides the tailored optical distributions and illuminance levels today’s energy conscious garage and area lighting customers demand.
Further performance benefits are achieved through embedded intelligent LSI AirLink™ wireless lighting controls enabled by Synapse that allow for zone dimming, daylight harvesting, motion detection, scheduling and more, while advancements in design provide attractive, low profile and contemporary features ideal for lower ceiling environments. These qualities place Excursion in the top tier for the parking structure industry. University and national airport customers, including the Louis Armstrong New Orleans International Airport, have implemented the luminaire to refine illumination and enhance architectural appeal.
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“Very few products in the parking structure market today can deliver this level of performance and architectural appeal. Excursion launched in the spring of 2018 and quickly gained market recognition. Less than six months later, we’re further enhancing the value for the customer through continuous improvements in manufacturing and design processes that are allowing us to quickly review our products and release additional benefits to the marketplace,” says John Bagwell, Senior Vice President of Product Development & Management for LSI Industries.
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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, tax law changes, 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 impact of tariffs and trade wars, 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
LSI Industries Inc. is a U.S.-based designer, manufacturer and marketer of lighting, graphics and technology solutions for both indoor and outdoor applications. The Company is a leader in the primary markets it serves including petroleum, automotive, quick serve restaurants, grocery, banking, retail, renovation, parking and warehousing. Products are marketed throughout North America by a network of independent sales representatives and distributors, as well as through national accounts. LSI partners with its customers to provide a full range of design support, engineering, installation and project management services. Headquartered in Blue Ash, Ohio, LSI currently employs over 1,200 employees and operates eight facilities throughout the U.S. The Company’s common shares are traded on the NASDAQ Global Select Market under the symbol LYTS. Additional information can be found on the Investor Relations page at www.lsi-industries.com.