OMAHA, NEB., Dec. 11, 2006 -- The board of directors of Lindsay Manufacturing Co., a leading manufacturer of irrigation systems and infrastructure products, announced today that it has changed the company's name to "Lindsay Corporation." There will be no change to the company's CUSIP number, and the company's common stock will continue to be listed on the New York Stock Exchange under its current ticker symbol "LNN." The name change will be effective today.
"Our new corporate name reflects the strategic global expansion of the company. While manufacturing is a core function and capability of the company, the majority of our revenues are generated through meeting customers' needs for products and services, supported by design, engineering, financing, and after-market services. The products and services of Barrier Systems, Inc., acquired in June of this year, is an example of the company's broader scope of operations," said Rick Parod, Lindsay's president and chief executive officer. "As Lindsay Corporation, we look forward to continuing our growth organically and through acquisitions."
The website URL address for the company also changes to: www.lindsay.com
Lindsay manufactures and markets irrigation equipment including Zimmatic, Greenfield, Stettyn, and Perrot center pivot, lateral move and hose reel irrigation systems and GrowSmart controls, all of which are used by farmers to increase or stabilize crop production while conserving water, energy, and labor. The company also manufactures and markets infrastructure products including movable barriers for lane management to reduce traffic congestion and improve safety through its wholly owned subsidiary, Barrier Systems Inc. In addition, the company produces crash cushions and specialty barriers to improve motorist and highway worker safety, large diameter steel tubing, and provides outsourced manufacturing and production services for other companies. At Nov. 2, Lindsay had approximately 11.6 million shares outstanding.
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