Daktronics Operations Continue to Meet Demand Amid COVID-19 Pandemic

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BROOKINGS, S.D. – Apr. 3, 2020 – Daktronics’ (NASDAQ-DAKT) top priority is to protect the well-being of our employees, suppliers, customers, and the community at large, while continuing to deliver quality product and services, helping to ensure sustainability of the organization, and preserving the intrinsic long-term value for our shareholders. 

Updates on factories and our ability to deliver on orders: 

  • We are fortunate to have many loyal customers and a strong backlog of business. 
  • Five of our seven global factories continue production to fulfill orders. This includes our four largest factories located in South Dakota, U.S.A. We voluntarily complied with regional orders to suspend production in our factories in Ireland and Minnesota for two weeks. These factories are planned to resume full production the week of April 13th.
  • Daktronics‘ global manufacturing strategy has allowed us to achieve minimal-to-no disruption on our ability to deliver orders.
  • In our best efforts to ensure a safe and healthy manufacturing environment, with guidance from the U.S. Centers for Disease Control and Prevention, the World Health Organization, and other applicable regulatory agencies, we have enhanced or implemented robust health, safety and cleaning protocols across our organization. 

About Daktronics

Daktronics helps its customers to impact their audiences throughout the world with large-format LED video displays, message displays, scoreboards, digital billboards, audio systems and control systems in sport, business and transportation applications. Founded in 1968 as a USA-based manufacturing company, Daktronics has grown into the world leader in audiovisual systems and implementation with offices around the globe. Discover more at www.daktronics.com.

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 2019 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.

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