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Trans-Lux Corp. (TNLX) Displays Growth Potential Following Opening of New Manufacturing Facility
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
