NEW YORK, NY — (Marketwired) — 06/16/15 — Trans-Lux (OTCQB: TNLX) announces the opening of a new design and production facility in Shenzhen, China to complement its existing manufacturing operations in Des Moines, IA. Additionally, the company announced the formation of new technology partnerships with leading LED suppliers Prismaflex International (EURONEXT PARIS: ALPRI) in Haute-Rivoire, France, and Squadrat in Schwanstetten, Germany.
“Our new design and production resources in China, and the addition of two highly renowned technology partners, further support the continued growth of Trans-Lux on a global scale,” said J.M. Allain, President and Chief Executive Officer, Trans-Lux. “Our new manufacturing facility in China complements our manufacturing capabilities here in the USA and allows us to accelerate delivery times with better quality controls. Combined with our new technology partners and expanded product LED display solutions for the Out of Home (OOH) market, Trans-Lux delivers the best value proposition for LED displays in the industry.”
The new factory in China, which has already started production of TL Vision and Prismatronic branded LED display systems, further expands and enhances the company–s portfolio of LED solutions. The new China facility also provides TransLux with complete control over mission critical processes to ensure the quality and reliability of products while reducing overall costs. By combining the resources of these two facilities, Trans-Lux will achieve greater manufacturing efficiencies which are being passed to customers in the form of more aggressive pricing. In addition to an expanded role in the manufacture of LED displays, the company–s US manufacturing facility will continue to develop new solutions for the sports scoreboard marketed under the highly popular Fair-Play by Trans-Lux brand.
Trans-Lux and Prismaflex International have joined forces to service the Americas with Prismatronic branded LED displays and BBM (Billboard Manager) software solutions for the OOH market. Trans-Lux has also entered into an alliance with Squadrat to market their powerful SX LED display content management software in the Americas. Trans-Lux will commence marketing the new software offering as epic v2.0.
Trans-Lux Corporation (TNLX) is a leading designer and manufacturer of LED displays and LED lighting solutions for the financial, sports and entertainment, gaming, education, government, and commercial markets. With a comprehensive portfolio of LED video displays, lighting, control software, Out of Home (OOH) display solutions and scoreboards, Trans-Lux offers the unique ability to offer fully integrated LED technology solutions from a single supplier. The Company–s brands include TL Vision LED displays, TL Energy LED lighting systems, Prismatronic OOH display systems, Fair-Play by Trans-Lux scoreboard systems, and epic LED control software. .
In just 27 years, Prismaflex has become a major international group dedicated to OOH with over 310 collaborators operating its 10 subsidiaries worldwide. As a leading LED manufacturer, Prismaflex offers the highest European quality, design and technology in the company–s Prismatronic brand of LED displays ranging in pitch from 4mm to 20mm, along with Billboard Manager (BBM) — the patented smartest control system. With the opening of the group–s first production site in China, PrismaChina in January 2015, Prismaflex International is strengthening its global vision and full control of all aspects of production.
Squadrat GmbH is one of Europe–s leading providers of LED display systems that are “Made in Germany.” In the past 10 years Squadrat GmbH has successfully implemented numerous large scale projects around the globe for companies such as Sony Europe, Mercedes Benz AG, VW AG, Porsche AG, Telekom AG, Adidas AG, Uniqlo, C&A, and many more. It is distinguished by unprecedented service, know-how, quality and reliability. Come to us with your ideas and let them be realized with the 6 Points Service “Made in Germany”. Along with its partners, Squadrat provides a one stop-shop solution including consulting, development, design, build, training and after sales support.
The Company may, from time to time, provide estimates as to future performances. These forward-looking statements include loss of market share through competition, introduction of competing products by others, pressure on prices from competition or purchasers of the Company–s products, interest rate and foreign exchange fluctuations, terrorist acts and war.
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