SOURCE: Trans-Lux

Trans-Lux

October 07, 2014 14:12 ET

Trans-Lux Names Alberto Shaio as Chief Operating Officer

NEW YORK, NY--(Marketwired - Oct 7, 2014) -  Trans-Lux Corporation (OTCQB: TNLX), a world leader in LED digital displays and LED lighting technologies, announced today the appointment of Alberto Shaio as Chief Operating Officer (COO), a new position within the company. As COO, Mr. Shaio will manage Trans-Lux's operations and organizational development, focusing on performance management to shape the company for continued success and strategic growth. Mr. Shaio currently sits on the Trans-Lux Corporation Board of Directors.

"We are pleased that Alberto will take a leading role in driving the company's growth and profitability," said J.M. Allain, President and Chief Executive Officer, Trans-Lux. "His expertise will enable Trans-Lux to sharpen its business focus through coordinated operational strategies and resource allocation."

In his nearly 40 years of managing companies and divisions of companies, Mr. Shaio has earned a reputation as a well-respected executive, known for achieving high levels of profitability. Additionally Mr. Shaio has turn-around success in difficult and challenging markets. Prior to joining Trans-Lux Corporation, Mr. Shaio was the President and CEO of Craftsman Industries, a leading manufacturer of mobile marketing and outdoor exhibits for the experiential marketing industry. He previously served as President and CEO of Farrel Corporation, a privately held company that manufactures process equipment for the plastics industry.

In addition to his new role as COO at Trans-Lux Corporation, Mr. Shaio serves as a Member of Advisory Boards of several investment firms and previously served as a Director of New Energy Corporation of Indiana. Additionally, Mr. Shaio has been a member of several multi-national corporate boards both public and private. He is currently President of the Linda Shaio Foundation, a non-profit organization dedicated to the performing arts and Spanish education.

For more information, email info@trans-lux.com or visit www.trans-lux.com.

About Trans-Lux
Trans-Lux Corporation (TNLX) is a leading designer and manufacturer of TL Vision digital video displays and TL Energy LED lighting solutions for the financial, sports and entertainment, gaming, education, government, and commercial markets. With a comprehensive offering of LED Large Screen Systems, LED System Software, LCD Flat Panel Displays, Data Walls and scoreboards (marketed under Fair-Play by Trans-Lux), Trans-Lux delivers comprehensive video display solutions for any size venue's indoor and outdoor display needs. TL Energy enables organizations to greatly reduce energy related costs with green lighting solutions. For more information please visit www.Trans-Lux.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The Company may, from time to time, provide estimates as to future performances. These forward-looking statements, including 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.

Contact Information