LSI announced that it has been selected to supply and install graphics products at over 700 stores for one of the nation's leading grocery chains as part a re-imaging initiative. The contract is valued at approximately $5.5 million, and the installation is expected to be completed during LSI's fiscal 2013 third quarter. It is expected that all revenue will be recorded during LSI's fiscal third quarter. LSI will utilize its state-of-the-art, world-class graphics facilities to build the graphics components, using a wide array of processes and materials.
Robert J. Ready, Chairman and Chief Executive Officer, commented, "LSI is ideally suited for this project due to the short turnaround time required for completion, the expanded geographic scope of the project, and the broad number of graphics products and technologies that will be utilized."
David W. McCauley, President, LSI Graphics Solutions, commented, "This project is in line with the resumption of demand that we are beginning to see in the graphics industry. We expect to see a continuation of this trend throughout fiscal 2013 and beyond as graphics customers realize the competitive benefits of a fresh look and updated image."