Lyrtech secures $1 million in purchase orders for distributors network



    - Company posts record high sales backlog -

    QUEBEC CITY, Nov. 20 /CNW/ - Lyrtech Inc. ("Lyrtech" or the "Company")
(TSX-V: LYT), a worldwide leader in digital signal processing ("DSP")
technologies with state of the art EMS facilities, announced today that its
distribution network obtained purchase orders totaling $1,033,500 between
August 1 and October 31, 2007. This amount is the highest ever recorded by
Lyrtech for a three-month period. Revenue recognition for these purchase
orders will start in January 2008. Regional breakdown reveals that 67% of
these orders originate from Europe, 26% from Asia, and 7% from other
countries. This geographic diversification will help reduce the Company's
exposure to the US dollar as these revenues will be generated in other foreign
currencies. The largest share of orders is for Lyrtech's Small Form Factor
Software-defined Radio Development Platform (SFF SDR DP) and associated
products.
    The Company also currently has the highest backlog in its history, with
contracts worth $10.4 million to be delivered. Part of this amount is for the
major contract announced on November 7, 2007. Management believes that this
backlog amount positions the Company well to meet all its financial
obligations. In the scope of its normal activities, the Company reckons no
specific undisclosed reason for the stock's price recent decline.
    "Our distributors have improved their market penetration because our
traditional networks are generating more and more business referrals," said
Miguel Caron, President and Chief Executive Officer of Lyrtech. "These
referrals have translated into a record high backlog which is strengthening
our business outlook. We are working to drive efficiencies in our business to
enable us to address current challenges in the macroeconomic environment while
continuing to deliver best-in-class products and services to our customers."

    About Lyrtech

    Lyrtech is a worldwide leader in digital signal processing ("DSP")
technologies with state of the art EMS facilities. The Company 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 through
its Innovator division.
    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 defense fields such as BAE Systems, Defence Research and Development
Canada (DRDC), the European Aerospace Defence and Space Company (EADS),
Fujitsu, Harris, ITT, Motorola, Neural Audio, NTT DoCoMo, and Samsung-Thales.
For more information please visit www.lyrtech.com.

    Forward-looking statements

    Certain statements made in this press release regarding Lyrtech's future
operations, expected financial position, future revenues, projected costs,
prospects, plans and objectives are forward-looking statements. These
forward-looking statements, by their nature, necessarily involve risks and
uncertainties that could cause actual results to differ materially from those
contemplated by the forward-looking statements. Lyrtech considers the
assumptions on which these forward-looking statements are based to be
reasonable at the time they were prepared, but cautions that these assumptions
regarding future events, many of which are beyond Lyrtech's control, may
ultimately prove to be incorrect. Factors and risks which could cause actual
results to differ materially from current expectations are discussed in
Lyrtech's annual report for the year ended December 31, 2006. Lyrtech
disclaims any intention or obligation to update or revise any forward-looking
statements. For additional information on risks and uncertainties relating to
these forward-looking statements, investors should consult Lyrtech's ongoing
filings, including its most recent annual report, found on SEDAR at
www.sedar.com.

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

    %SEDAR: 00014715E




For further information:

For further information: Miguel Caron, President and chief executive
officer, Lyrtech Inc., (418) 877-4644, miguel.caron@lyrtech.com; Alain Landry,
Chief financial officer, Lyrtech Inc., (418) 877-4644,
alain.landry@lyrtech.com

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LYRTECH INC.

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