Daktronics Announces Acquisition of ADFLOW Networks Inc.
Brookings, S.D. – March 15, 2016 – Daktronics Inc. (NASDAQ-DAKT) recently acquired ADFLOW Networks, Inc. (“ADFLOW”).
ADFLOW specializes in delivering digital media solutions to leading retailers, convenience stores and other businesses
throughout North America.
ADFLOW will operate as a subsidiary of Daktronics from its Burlington, Ontario headquarters. ADFLOW’s workforce of
experienced sales, service, and software engineering teams will continue to focus on delivering state-of-the-art digital media
solutions to new and existing customers. Further terms of the agreement are confidential.
Daktronics Chief Executive Officer and Chairman of the Board Reece Kurtenbach noted, “We welcome the ADFLOW team and
are excited to be joining forces. ADFLOW brings us an impressive list of existing customers and their interior and interactive
offerings complement our current Commercial business unit on-premise solutions. Over the coming years, we plan to integrate
our sales and market channel efforts and extend ADFLOW’s digital media platform capabilities to all Daktronics customer
segments. We also look forward to developing and delivering new combined offerings to the market through this partnership.”
About ADFLOW Networks, Inc.
Headquartered in Burlington, Ontario, ADFLOW Networks is an industry leader in delivering award-winning digital signage, interactive and
marketing solutions to some of the most recognized retailers and brands in North America, all powered by ADFLOW’s Dynamic Messaging
System™, using patented AdSecure™ technology. Since 2000, ADFLOW has offered its turn-key solution featuring its software platform
together with comprehensive services that help companies reshape their customer experiences. From store design to screen placement, hardware
selection, installation, and content services, ADFLOW has become a trusted partner to many Fortune 500 companies. As a result, ADFLOW
has grown to be one of North America’s leading Digital Signage and Interactive Kiosk solution providers. www.adflownetworks.com
Daktronics has strong leadership positions in, and is the world's largest supplier of, large screen video displays, electronic scoreboards, LED
text and graphics displays, and related control systems. The company excels in the control of display systems, including those that require
integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures,
markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School
Park and Recreation and Transportation, and one International business unit. For more information, visit the company's website at:
www.daktronics.com, email the company at email@example.com, call (605) 692-0200 or toll-free (800) 843-5843 in the United States, or
write to the company at 201 Daktronics Dr., P.O. Box 5128, Brookings, S.D. 57006-5128.
Safe Harbor Statement
Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 and is intended to enjoy the protection of that Act. These forward-looking statements reflect
the Company's expectations or beliefs concerning future events. The Company cautions that these and similar statements involve risk and
uncertainties which could cause actual results to differ materially from our expectations, including, but not limited to, changes in economic and
market conditions, management of growth, timing and magnitude of future contracts, fluctuations in margins, the introduction of new products
and technology, the impact of adverse weather conditions, and other risks noted in the company's SEC filings, including its Annual Report on
Form 10-K for its 2015 fiscal year. Forward-looking statements are made in the context of information available as of the date stated. The
Company undertakes no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
For more information contact:
Sheila Anderson, Chief Financial Officer