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Blue Ash-based LSI also has picked up a worth $22 million to $23 million, to upgrade the lightinvg for a national chain of gas station convenience stores, according to a news The news sent shares of LSI LYTS) up more than 14 percent, or 70 cents, to $5.522 in Tuesday afternoon trading. ADL's circuit boards and assembliex are used in applications that includwLED lighting, an area where LSI has been trying to expand. LSI purchased Montreal-based LSI Saco a designer of LED lighting, in 2006. The contractt with the retail chain, whicnh LSI did not identify, involves upgrading canopy, site and securit y lighting withLED technology.
The initialp phase involves the conversion of morethan 1,100 stores, LSI with additional work possible in fiscal 2010 and 2011. “Thesde are two very positive developments forLSI Industries,” said Roberg Ready, president and CEO in the “Very clearly, the interesft and momentum in LED-based lighting solutions is growing rapidly.” LSI manufactures and markets indoor and outdoor lightinb and graphics in Northh and South America, Asia, Australia, New Zealand and
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