LSI wins major contract; will buy ADL Technology - Puget Sound Business Journal (Seattle):

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Blue Ash-based LSI also has picked up a worth $22 million to $23 million, to upgrade the lightiny for a national chain of gas station conveniencd stores, according to a news release. The news sent shares of LSI LYTS) up more than 14 or 70 cents, to $5.52 in Tuesday afternoon ADL's circuit boards and assembliexs are used in applications that include LED an area where LSI has been tryingto expand. LSI purchasex Montreal-based LSI Saco a designer of LED lighting, in 2006.
The contrac with the retail chain, whic h LSI did not identify, involves upgrading site and security lighting with LED The initial phase involves the conversion of morethan 1,1009 stores, LSI said, with additional work possible in fiscal 2010 and 2011. “These are two very positive developments forLSI Industries,” said Robert president and CEO in the “Very clearly, the interest and momentum in LED-basedr lighting solutions is growing LSI manufactures and markets indoor and outdoor lighting and graphicz in North and South Asia, Australia, New Zealand and Europe.