National Grocery Retailer Selects JSI Store Fixtures to Supply Refrigerated Displays to Approximately 800 Stores
CINCINNATI, Jan. 20, 2022 (GLOBE NEWSWIRE) — LSI Industries (NASDAQ: LYTS or “LSI”)), a leading U.S. manufacturer of indoor/outdoor lighting and display solutions, today announced that one of the nation’s largest supermarket chains has selected JSI Store Fixtures, a wholly owned subsidiary of LSI, to manufacture refrigerated displays for approximately 800 stores. The $17 million customer order is expected to be fully executed in the second half of fiscal 2022.
“We are delighted that JSI has been chosen for these refrigerated displays,” said James A. Clark, President and CEO of LSI Industries. “This relationship is the result of the collaborative approach between JSI and the client to develop custom display solutions that are energy efficient, efficient and create a welcoming environment for each client.”
JSI specializes in creating custom, energy-efficient display solutions designed to complement a store’s existing décor, maximizing merchandising space and maintaining reliable temperatures for perishable food items. JSI’s quality construction, customization capability and national manufacturing appealed to the food retailer as it sought a partner to meet its needs and provide a fresh and welcoming experience for its customers.
With four facilities in the United States and Canada, JSI has the reach and experience to bring unique food experiences to life for today’s grocery shopper. JSI was acquired by LSI in May 2021 and continues to be the leader in high-quality refrigerated and non-refrigerated displays for grocery and convenience store customers, positioning them to capitalize on the continued investment in merchandising solutions by national and regional grocery chains. LSI offers a wide range of solutions in the grocery industry, including lighting, custom graphics and digital signage solutions.
ABOUT LSI INDUSTRIES
Based in Greater Cincinnati, LSI is a public company whose stock trades on the NASDAQ stock exchange under the symbol LYTS. The Company manufactures non-residential lighting and display solutions. Non-residential lighting consists of high performance lighting solutions made in the USA. The company’s strength in outdoor lighting applications creates opportunities to introduce additional solutions to its valued customers. Display solutions consist of graphic solutions, digital signage and technically advanced food display equipment for strategic vertical markets. LSI’s team of in-house specialists also provide comprehensive project management services in support of large-scale product deployments. The Company employs approximately 1,400 people at 11 manufacturing facilities in the United States and Canada. Additional information about LSI is available at www.lsicorp.com.
This press release contains forward-looking statements. Forward-looking statements may be identified by words such as “estimate”, “anticipate”, “encourage”, “project”, “plan”, “expect”, “may”, “intend”, “believe”, “seek”, “may”, “shall”, “should” or negative versions of these similar words and expressions and by the context in which they are used. For more details about the uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements, visit https://investors.lsicorp.com as well as our annual reports on Form 10-K and our reports quarterly reports on Form 10-Q containing the risk factors.
Noel Ryan, IRC
Marketing & Communications Manager