Trans-Lux Corp. is a leading designer and manufacturer of
digital display solutions. The company’s TL Vision digital video displays and
TL Energy LED lighting solutions are marketed to a variety of industries in
which digital signage is a viable business tool – including the financial,
sports and entertainment, gaming, education, government and commercial markets.
Offering a comprehensive collection of LED large screen systems, LCD flat panel
displays, data walls and scoreboards, Trans-Lux is able to effectively provide
digital display products for virtually every venue.
Since being founded in 1920, Trans-Lux has developed a
formidable position in the evolving electronic display market. Within the last
year, the company has successfully leveraged this position to provide dynamic
displays to a collection of clients in high-profile venues, such as Soldier
Field in Chicago and Times Square in New York. In particular, Trans-Lux’s three
phase project in New York is expected to account for more than $2.5 million in
total revenue.
“Trans-Lux was first to bring LED technology to the Times
Square area, and we continue to deliver new and innovative LED display and
lighting solutions to help maintain its reputation as the crossroads of the
world,” J. M. Allain, president and chief executive officer of Trans-Lux,
stated in a news release. “Our TL Vision LED displays provide a highly visible
and effective media platform to engage and drive customer traffic with HD
quality imagery and messaging.”
In the years to come, the digital signage industry is
expected to experience accelerated growth, putting Trans-Lux into a strong
strategic position to expand its current market share. According to a report by
InfoTrends, businesses that utilize digital signage realize a 31.7 percent
increase in overall sales. Likewise, an impressive 63 percent of people
reported that digital signage is effective in catching their attention.
In the first quarter of 2015, Trans-Lux provided a glimpse
of its growth potential by recording strong financial results, achieving a
quarter-of-quarter increase in gross profit of nearly 50 percent. The company
built on this progress in June by announcing the opening of a new design and
production facility in Shenzhen, China, as well as the formation of new
technology partnerships with two of the world’s leading LED suppliers.
“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,” continued Allain. “Our new
manufacturing facility in China complements our manufacturing capabilities here
in the U.S. and allows us to accelerate delivery times with better quality
controls.”
For prospective shareholders, Trans-Lux’s recent commitment
to expanding its industry presence could provide a platform for strong investor
returns moving forward. Look for the company to lean on the competitive
advantages provided by its new international manufacturing capabilities in
order to expand its market share in the months to come.
For more information, visit www.trans-lux.com
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Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
