LSI wins major contract; will buy ADL Technology – Memphis Business Journal:

Blue Ash-based LSI also has picked up a worth $22 million to $23 million, to upgrade the lightinb for a national chain of gas statiobn convenience stores, according to a news The news sent shares of LSI (NASDAQ: up more than 14 percent, or 70 cents, to $5.51 in Tuesday afternoon trading. ADL's circuit boards and assembliea are used in applications that includesLED lighting, an area where LSI has been trying to LSI purchased Montreal-based LSI Saco a designer of LED lighting, in 2006. The contract with the retaikl chain, which LSI did not identify, involves upgrading site and security lighting withLED technology.
The initiapl 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 for LSI saidRobert Ready, president and CEO in the “Very clearly, the interesr and momentum in LED-base lighting solutions is growing rapidly.” LSI manufacturese and markets indoor and outdoor lightingg and graphics in North and South America, Asia, Australia, New Zealand and Europe.

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