LSI Industries invests in LED outdoor billboards
After acquiring Saco Technologies last year, LSI Industries is introducing LED billboards and is also looking at the LED lighting market.
LSI Industries Inc. says that it has stepped up its commitment to LED-based products for the lighting and graphics markets, beginning with the production of LED-based digital billboards for the outdoor advertising industry.
LSI's first five outdoor digital billboards will be shipped during the current quarter to Clear Channel Outdoor for installation in the Memphis market.
Bob Ready, president and CEO, said that the company's analysis and information indicate that digital billboards, both indoor and outdoor, will experience rapid and sustainable growth over the next decade.
"LSI Industries has the design, engineering, technology, and manufacturing capabilities and capacity at hand to dedicate to this product category," said Ready. "Our goal will be to provide customers with the most advanced, feature rich, and cost effective digital billboard products available based on our efficient high production manufacturing."<.p>
The company is to purchase a specialized state-of-the-art Salvagnini automated fabrication center for sheet metal production as part of the billboard manufacturing process.
LSI intends to make further investments for the production of outdoor billboards, stadium and arena scoreboards and ribbon displays, and white light commercial fixtures based on LED technology. These products will be manufactured at LSI's facilities located in the Cincinnati area.
LSI entered the LED arena in June 2006 when it acquired Saco Technologies, an established manufacturer of customized large-format LED video screen displays for the entertainment market (see SACO Technologies acquired by LSI (June 2006)).
LSI's Montreal facility (LSI Saco Technologies) will continue to utilize its specialized knowledge and research and development skills to prototype new design concepts and validate new products. It will oversee all stages of solid-state product development and prototyping, and coordinate with LSI's Lighting and Graphics divisions to reach large-scale production.