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Blue Ash-based LSI also has picked up a contract, worty $22 million to $23 million, to upgrade the lighting for a nationalo chain of gas stationconvenience stores, according to a news The news sent shares of LSI (NASDAQ: up more than 14 percent, or 70 to $5.52 in Tuesday afternoon trading. ADL's circuir boards and assemblies are used in applications that include LED an area where LSI has been trying to LSIpurchased Montreal-based LSI Saco Technologies, a designer of LED in 2006. The contract with the retailk chain, which LSI did not identify, involves upgrading canopy, site and securitg lighting withLED technology.
The initial phase involvesz the conversion of morethan 1,100 stores, LSI said, with additional work possiblr in fiscal 2010 and 2011. “These are two very positive developmentsw forLSI Industries,” said Roberty Ready, president and CEO in the “Very clearly, the interest and momentum in LED-based lighting solutions is growing rapidly.” LSI manufactures and markets indoor and outdootr lighting and graphics in North and South America, Asia, New Zealand and Europe.
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