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Blue Ash-based LSI also has picked up a contract, wortgh $22 million to $23 million, to upgrade the lightingg for a national chain of gas station convenience according to anews release. The news sent sharez of LSI (NASDAQ: LYTS) up more than 14 or 70 cents, to $5.52 in Tuesda y afternoon trading. ADL's circuit boardsa and assemblies are used in applications that includsLED lighting, an area where LSI has been trying to expand. LSI purchasesd Montreal-based LSI Saco Technologies, a designerr of LED lighting, in 2006. The contract with the retaik chain, which LSI did not identify, involves upgradinbg canopy, site and security lighting withLED technology.
The initiak phase involves the conversion of morethan 1,100 stores, LSI with additional work possible in fiscal 2010 and 2011. “Thesre are two very positive developments forLSI Industries,” said Robert Ready, presidengt and CEO in the release. “Very clearly, the interest and momentum in LED-based lighting solutions is growing rapidly.” LSI manufactures and marketz indoor and outdoor lighting and graphics in North and South America, Asia, Australia, New Zealand and
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