Lyrtech announces a default correction and the transmission of a cease trade order release request

QUEBEC CITY, Sept. 1, 2011 /CNW Telbec/ - Lyrtech Inc. (Lyrtech) (TSXV: LTK), a worldwide leader in digital signal processing technologies, announces that it has filed its interim financial statements, management report and the certificates of the CEO and CFO for interim financial statements, filed late due to a technical problem, and that it has cured the default which led to the cease trade order of its securities.

A request to release this cease trade order has been transmitted to the competent regulatory authorities.

About Lyrtech

Lyrtech, a proud member of the Texas Instruments Design House Network, develops and manufactures advanced digital signal processing solutions for companies worldwide, a vital technology to network and wireless communications, audio and video processing, as well as electronic systems in all fields of technology. Lyrtech offers a full range of DSP-FPGA development platforms, as well as design, prototyping, and manufacturing of electronic products. Lyrtech works in partnership with industry leaders such as Texas Instruments, The MathWorks, and Xilinx. Lyrtech's customers include many prestigious names of the consumer electronics, telecommunications, aerospace, and defence fields.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

SOURCE LYRTECH INC.

For further information:

Louis Bélanger, president and CEO
Lyrtech Inc.
418-877-4644
louis.belanger@lyrtech.com

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LYRTECH INC.

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