LSI International Corp. acquires assets of CITILED Media Façades

MONTREAL, Oct. 17, 2013 /CNW Telbec/ - LSI International Corp. today announced it has acquired the assets of CITILED SAS, CITILED SARL, and CITILED UK, leaders in turnkey solutions for innovative Media Façades, headquartered in Paris, FRANCE.  The acquisition includes all designs, technology, trademarks, and patents for Media Façades and LED Video systems. This acquisition is of a highly strategic nature for LSI International Corp. from both a lighting and video perspective.

CITILED was founded in 2006 and its founders have a combined experience of more than 30 years in the LED Video Industry.  As a fast growing international company, Citiled has branch offices in Abu Dhabi (UAE), London (UK), Beirut (Lebanon) and Riyadh (Saudi Arabia).  Specializing in the design, engineering, supply, and installation of large LED lighting and video systems cladding entire buildings, also known as 'media façade'.  LED video lighting has become a new architectural material and allows infinite creative possibilities to build façades. Citiled designs and systems are used for architectural purposes, hotels, hospitals, airports, sports arenas, retail, events, and custom applications.

Citiled installed the world's largest LED Media Façade at King's Road Tower, Jeddah, Saudi Arabia.  The custom screen measures over 10,000 sqm and has more than 5 million LED's. Having used its patented DMF (Digital Media Façade) technology, the system is virtually transparent and can display graphic images on the façade while still permitting daylight to enter the building.  Other notable projects are Agbar Tower designed by architect Jean Nouvel in Barcelona, the Hermes building in Singapore, Maroc Telecom in Morocco, Cocor in Bucharest, and SEC in Beirut.

Fred Jalbout, President and CEO of LSI International Corp., commented, "This acquisition represents a very important strategic direction and capability for LSII as we continue to develop our technology offerings and will strongly position the company in Europe and the Middle East.  We are providing a high-quality solution that is right for today, but also the right investment for the future. Together, with the innovative, leading edge technology of CITILED along with LSII's top industry position we can more effectively serve the worldwide Lighting & Video markets. Our customers will have the assurance of two highly respected companies joining forces to take care of their needs."

Jonathan Labbee, Chief Operating Officer of LSI International Corp., commented, "For LSII, the acquisition of CITILED is a natural evolution. By adding our technology and know-how to the unique market presence of CITILED, existing and future customers will greatly benefit from the synergies and new products to come. The modularity and reliability of the LSII / CITILED systems offer great freedom of design for Architects and Designers and provide the market with the confidence to push the envelope."

About the Company

With corporate offices in Europe, the Middle East, and North America, LSII's team boasts over 20 years of experience in the development and supply of industry leading Solid State LED Lighting and Media Solutions.  The vast experience and expertise of the LSII team ensures that interfacing with architects, designers, tour managers, and other professionals is seamless and efficient.

As an innovator, LSII is continually improving durability, quality, and reliability of their products, while maintaining a state-of-the-art design adaptable to today's dynamic environment.  LSII has become the technological leader and preferred brand name in both indoor and outdoor LED Solid State Lighting and Media Solutions.  This is possible due to LSII's corporate vision and commitment to innovation, quality, reliability, flexibility, and a customer first attitude.

In addition to cutting edge R&D and manufacturing capabilities, LSII has further structured the company in order to offer a full menu of products and services to serve all levels of the market.  LSII accomplished this through its four main product and service labs:  Light Lab, Screen Lab, Design Lab, and Content Lab.

For Commercial and Industrial White Light solutions, LSII is an affiliate of LSI Industries Inc. (headquartered in the USA), and offers the LSI Industries product range.  LSI Industries is a leader in Commercial, Industrial White Light with over three decades of industry experience.

LSII's mission is to provide our clients with the most comprehensive and dependable integration of Design, Engineering, Products, and Support program available in the global marketplace.

SOURCE: LSI International Corp.

For further information:

Linda Eytcheson, Director of Finance & Administration,
at (514) 731-3999, ext.6142.
Please visit our websites at www.lsii.com and www.citiled.com

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LSI International Corp.

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