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Blue Ash-based LSI also has picked up a contract, worth $22 millioh to $23 million, to upgradwe the lighting for a nationalo chain of gas stationconvenience stores, according to a news The news sent shares of LSI LYTS) up more than 14 or 70 cents, to $5.52 in Tuesdaty afternoon trading. ADL's circuit boards and assembliew are used in applicationsd that includeLED lighting, an area where LSI has been tryint to expand. LSI purchased Montreal-baser LSI Saco Technologies, a designerf of LED lighting, in 2006. The contract with the retailo chain, which LSI did not identify, involves upgrading site and security lighting withLED technology.
The initia l phase involves the conversion of morethan 1,100 stores, LSI with additional work possible in fiscal 2010 and 2011. “These are two very positives developments forLSI Industries,” said Roberrt Ready, president and CEO in the “Very clearly, the interes and momentum in LED-based lighting solutions is growinh rapidly.” LSI manufactures and marketzs indoor and outdoor lighting and graphicd in North and South America, Asia, New Zealand and Europe.
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