LSI’s lighting products use highly energy-efficient LED technology rather than less-efficient incandescent and fluorescent bulbs to generate illumination.
On average, LEDs reduce energy consumption by more than 80 percent compared to conventional bulb lights. Older lighting systems waste up to 90 percent of their energy in the form of heat. In contrast, LEDs convert about 95 percent of their energy into light and only emit five percent as heat.
As America strives to become more energy-efficient, our products allow customers to retrofit and replace their outdated lighting systems, as well as install entirely new LED systems, with technology that benefits society as a whole.
For example, many of our lighting solutions are used in classrooms and school gymnasiums to enhance learning and promote childhood health and wellness. Our fixtures can also be found in hospitals and healthcare facilities all across America. These products are critical to our healthcare infrastructure, not only because they enable clinicians to provide medical care, but because they enhance patient safety, comfort and engagement.
Importantly, in both educational and healthcare settings, our LED lighting solutions reduce energy and maintenance costs, allowing schools and hospitals to reinvest those savings into other areas of their organizations.
At LSI, our commitment to innovation and engineering excellence helps ensure that our products are environmentally friendly throughout their life cycles. We are proud to say that our lighting products are among the most innovative and energy-efficient in the world.
In fact, if we compare the average efficacy of every LED fixture sold by the company in 2022 to the combined efficacy of older bulb systems, our products helped customers reduce their energy consumption for lighting by up to 67 percent.
In addition, LSI has transitioned nearly its entire product line away from inefficient bulb technology to highly efficient LED lighting solutions. Today, our outdoor and indoor lighting products reduce energy usage by 44 to 90 percent as compared to older, traditional lighting systems. By using our own lighting products throughout our factories and offices, we have dramatically improved our own energy efficiency.
Along with energy efficient LED technology, our lighting control systems produce additional energy savings, improve safety and help customers comply with lighting codes and ordinances. For example, our AirLink Blue wireless outdoor lighting control system uses photocontrols and motion sensors to reduce energy consumption and comply with various energy regulations, including California’s Title 24 energy conservation requirements. Lighting projects than utilize LSI’s control systems benefit from an additional 12% reduction in energy consumption.
At LSI, we are continuously pushing to achieve the highest levels of quality across all aspects of our business. To help us meet and exceed our product quality goals, we operate our own state-of-the-art Underwriter Laboratories (UL) Certified Testing Labs at our Blue Ash, Ohio and Burlington, North Carolina facilities.
We also adhere to strict quality standards, including UL requirements, and we follow our rigorous Quality Management System (QMS). Our QMS is deployed at all of our lighting plants and was developed, and is regularly evaluated, according to ISO 9001:2015 standards.
In addition, through our participation with industry groups such as Design Lights Consortium, the Illuminating Engineering Society, the International Dark-Sky Association, the National Electrical Manufacturers Association and others, we are able to discuss best practices that impact quality, including energy-efficiency, new technology, manufacturing processes, materials and code compliance.
As a testament to our quality, we have had no recalls on our products and have ever received any notice of a violation for nonconformance with regulatory labeling and/or marketing codes; nor have we ever been the subject of an enforcement action associated with false, deceptive, or unfair marketing, labeling, and advertising.
Our core principle is to treat all our employees fairly and impartially. We believe that this has enabled us to hire great people and that is what makes us a great company. We work tirelessly to attract and retain the best of the best. With an average workforce tenure of nearly 9 years, we are proud to be an employer of choice for many of the best employees in our industry.
As a responsible employer, we offer attractive and rewarding career opportunities to people from every background and education level.
In addition to providing competitive pay and benefits, including multiple healthcare options, life insurance and more, we work hard to foster a work environment that encourages innovation, teamwork and safety every day. From the executive office to the shop floor, we believe that every team member plays an important role in the Company’s success.
As an essential business during the COVID-19 Pandemic, our top priority was to maintain the safety and well-being of our employees. We continue to be, committed to providing a safe work environment by adhering to the U.S. Centers for Disease Control and Prevention guidelines. In addition, we provided an assistance program for employees in both 2020 and 2021.
Diversity and inclusion are woven into the fabric of our company and reflected in our workforce and Board of Directors. We are committed to providing a positive, respectful environment for everyone, and we actively recruit talented, motivated employees with diverse backgrounds, skill sets and experiences. We engage third-party experts to provide diversity, equity and inclusion training to our leaders. We are committed to a diverse and inclusive workplace. We are an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.
LSI has a diverse Board of Directors and meets the NASDAQ goals for Board diversity. Forty-two percent (42%) of the Company’s Directors are diverse, with two of the Company’s seven Directors being diverse by gender and one of its directors being diverse by race and ethnicity.
At LSI, safety is our number one priority, both for our team members and the consumers of our products. We take a structured and scientific approach to safety in order to help ensure that all of our employees end their shifts as safely as they started them. We provide exceptional in-person safety training as well as cyber security training to protect our employees.
Safety is a top priority at LSI. Our total recordable incident rate (TRIR) or 2.12 for the full-year 2022 was significantly better than the average manufacturing rate of 3.2. Our days away, restricted or transferred rate (DART) is 0.78, while the national average is 1.0. The Company’s Houston, Texas facility has achieved a STAR rating in the OSHA VPP program.
As a responsible corporate citizen, LSI contributes to every community in which it operates. From local outreach to corporate charitable donations to a co-op program that gives high school students real-world job experience, we are proud to make a positive difference in the lives of others.
Among other charitable efforts, LSI donated more than 200 of its American-made, high- performance LED light fixtures, including associated specification and other project services, to the Tri-State Warbird Museum – a historic WWII aviation museum and important educational asset located in Greater Cincinnati.
LSI also contributes to organizations that support America’s veterans, including:
LSI does not sponsor a political action committee and does not use corporate funds for political purposes or advocacy. No corporate funds were contributed to persons holding or running for state, federal, or local offices.
LSI believes in promoting active and healthy lifestyles within the company, as well as within the communities in which we operate. As part of that vision, we gladly provide free onsite wellness examinations to all of our employees, including mammography screenings.
In addition to serving the Company’s business interests, LSI promotes community health as the official lighting partner of USA Pickleball, the national governing body for the sport of pickleball in America. The Company is also the Official Pickleball Court Lighting Provider for the Association of Pickleball Professionals (APP). Through these business partnerships, LSI can help make a difference in the lives of others by encouraging healthy participation in America’s fastest growing sport – pickleball.
It is also important to note that our high- performance court lights make the game safer without impacting the night-time tranquility of the surrounding community.
LSI is committed to respecting human rights worldwide. To that end, LSI itself practices at all its locations (wherever located) and only works with partners and suppliers who promote the following standards at all their locations (wherever located) in accordance with applicable law:
LSI, after conducting due diligence, has determined that its activities and business relationships do not have any potential negative impact on human rights. Rather, the way that we conduct business sets an example for the furtherance of human rights.
LSI will not purchase products or components from suppliers that use forced labor, prison labor, indentured labor or exploited bonded labor, or permit their suppliers to do so.
LSI will not purchase products or components thereof manufactured by persons younger than 15 years of age or younger than the age of completing compulsory education in the country of manufacture where such age is higher than 15. LSI’s suppliers shall not employ such children. LSI (i) responds to the Company inquiries in support of LSI’s reporting requirements under Section 1502 of the US Dodd-Frank Wall Street Reform and Consumer Protection Act, (ii) has adopted policies and systems to source Conflict-free minerals, and (iii) requires its suppliers to adopt similar socially responsible sourcing practices and policies.