Emily Hardie, Lindsay | 402.829.6805 or email@example.com
Debbie Hilt, EG Integrated | 402.614.3000 or firstname.lastname@example.org
Brian Ketcham, Lindsay Corporate Vice President and Chief Financial Officer | 402.827.6579 Hala Elsherbini, Halliburton Investor Relations | 972.458.8000
FOR IMMEDIATE RELEASE March 29, 2018
Lindsay’s Road Zipper System® to Be Deployed on the Richmond-San Rafael Bridge
(OMAHA, Neb.) – March 29, 2018 – Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, is pleased to announce an agreement with the Bay Area Transportation Authority to deploy its Road Zipper System on the Richmond-San Rafael Bridge in San Francisco, California. The moveable barrier technology will be used to create a bicycle/pedestrian walkway across the bridge. Lindsay’s revenue from this project is valued at approximately $9 million.
The project calls for moveable barrier to be installed on the north side of the upper deck of the bridge. This throughway will add another section to the planned 500-mile network of bicycle and hiking routes on the Bay Trail, and it will connect trails from Contra Costa and Marin Counties for the first time.
“Moveable barriers have been used for bicycle lanes in other cities, but this installation is really unique,” said Chris Sanders, senior vice president of Lindsay Transportation Solutions. “Each Reactive Tension® moveable barrier segment on the bridge will come with a uniquely designed product, the RTS GuardTM, that increases the overall height of the barrier from 32 inches to 42 inches, while still allowing for the barrier to be moved. The combination of the RTS barrier and the RTS Guard has been crash tested to the latest standards and will be moved by Lindsay when requested by the customer.”
Lindsay’s Road Zipper System consists of T-shaped moveable barriers that are connected to form a continuous wall. Using a conveyor wheel system, the Road Zipper machine is used to re-position the barrier at up to 10 MPH, creating a moveable“zipper lane.” This unique solution allows for a separate area to be added for bicycles and pedestrians, while giving officials the ability to move the barrier when maintenance work is needed on their high-speed bridge.
For more information about the Road Zipper System and other innovative products from Lindsay Transportation Solutions, visit www.Lindsay.com.
About Lindsay Corporation
Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world’s rapidly growing population. Lindsay manufactures center pivot and lateral move agricultural irrigation systems and technologies irrigating approximately 12 million acres (4.8 million hectares) in over 90 countries, through its worldwide network of more than 350 dealers. The Lindsay family of irrigation brands includes Zimmatic® and FieldNET® as well as irrigation consulting, design, pump and filtration offerings, advanced machine-to-machine communication, remote control and monitoring technology, and wireless networking solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels, through the Barrier Systems®, Road Zipper® and SnolineTM brands. For more information about Lindsay Corporation, visit www.Lindsay.com.
Concerning Forward-Looking Statements
This release contains forward-looking statements that are subject to risks and uncertainties and which reflectmanagement’s current beliefs and estimates of future economic circumstances, industry conditions, company performance and financial results. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the company files with the Securities and Exchange Commission. Forward-looking statements include information concerning possible or assumed future results of operations and planned financing of the company and thosestatements preceded by, followed by or including the words “anticipate,” “estimate,” “believe,” “intend,” "expect," "outlook," "could," "may," "should," “will,” or similar expressions. For these statements, the company claims the protectionof the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The company undertakes no obligation to update any forward-looking information contained in this press release.