Luxell and Lux Acquisition Corporation Announce Completion of the Going-Private Transaction



    TORONTO, May 12 /CNW/ - Luxell Technologies Inc. ("Luxell") (TSX:LUX) and
Lux Acquisition Corporation ("LAC") are pleased to announce completion of the
previously disclosed amalgamation of Luxell with LAC (the "Amalgamation"). The
Amalgamation was approved by the shareholders of Luxell at a special meeting
held on April 20, 2009. The amalgamated entity will continue to carry on
business under the name "Luxell Technologies Inc." ("Amalgamated Luxell").
    It is expected that all common shares of Amalgamated Luxell will no
longer be traded on the Toronto Stock Exchange beginning on May 14, 2009.
Additionally, Amalgamated Luxell will make an application to the Canadian
securities regulatory authorities for an order that Amalgamated Luxell will no
longer be a reporting issuer (or equivalent) under applicable Canadian
securities laws.

    About Luxell

    Luxell designs, manufactures and licenses flat panel display technologies
and solutions for the defense and aerospace industries. More information can
be found at www.luxell.com. Luxell Technologies Inc., Luxell and Black Layer
are trademarks of Luxell Technologies Inc. All other company and/or product
names are trademarks and/or registered trademarks of their respective
manufacturers.

    %SEDAR: 00008266E




For further information:

For further information: Luxell Technologies Inc., Jean Louis Larmor,
Chief Executive Officer, Tel: (905) 363-0325, Email: jlarmor@luxell.com

Organization Profile

LUXELL TECHNOLOGIES INC.

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