XPEL Completes Armourfend Acquisition



    SAN ANTONIO, December 4 /CNW/ - XPEL Technologies Corp. (TSX
VENTURE:DAP.U) announced today the completion of the acquisition of
ArmourfendCAD, Inc. of El Dorado Hills, California. Armourfend is a paint
protection pattern design house with an extensive library of shapes for both
North American and European models. Founded in 1996 by Mr. Bob Jackson in the
United Kingdom, Armourfend is also a leading provider of industry training,
and serves both retail and dealership accounts from its facilities in Northern
California.

    XPEL's Chief Executive Officer, Steven J. McAuley, stated, "The
completion of this transaction and inclusion of Armourfend into the XPEL
family of operations brings additional strength to our industry status as the
full service leader in vehicle paint protection. Armourfend's technical
proficiencies in design, installation and training add important competitive
advantages to XPEL allowing us to bring even more value to our network of
installers throughout the world." Mr. McAuley further added, "Bob Jackson
brings significant industry knowledge and international experience that will
greatly complement our leadership team, and his contributions will undoubtedly
enhance our international market penetration and create broader product
awareness."

    Armourfend's founder and CEO, Bob Jackson, declared with excitement the
relationship with XPEL. "Put simply, XPEL and Armourfend make for a great
pairing. We share a competitive dedication to be the best in our industry. By
Armourfend joining XPEL, we will collectively enhance our global exposure as
the leading manufacturer and supplier of progressive patterns, tools, and
dynamic training. Together with the introduction of the eagerly anticipated
and progressive range of Paint Protection Films, I am looking forward to the
mutual benefits that will follow. Together we will further drive the XPEL
brand in the world of automotive aftermarket products."

    With distribution channels in North America, Europe, Asia, the Middle
East and Australia, XPEL Technologies Corp. is the worldwide leading supplier
of automotive survival products. XPEL sells paint protection film, headlamp
protection products and installation tools and is the developer of the Design
Access Program software. XPEL sells its products directly to consumers and
installer partners, providing them everything they need to develop a thriving
paint protection business. In addition to its expansive line of products, the
Company offers installation training and marketing support making it the
premier source for dealers and installers of paint protection products. XPEL
is publicly traded on the TSX Venture Exchange under the stock symbol "DAP.U."
Additional information can be found on the Company's website at www.xpel.com.

    Consideration paid to Armourfend includes a cash payment totaling
US$500,000, and the issuance of 491,160 restricted shares of XPEL common
stock, which are subject to a 15% holdback for integration and performance.

    Certain statements contained herein such as: "Bob Jackson brings
significant industry knowledge and international experience that will greatly
complement our leadership team, and his contributions will undoubtedly enhance
our international market penetration and create broader product awareness,"
and "Together we will collectively enhance our global exposure as the leading
manufacturer and supplier of progressive patterns, tools, and dynamic
training" are considered "forward-looking statements." These types of
statements are based upon the belief of the Company's management, as well as
assumptions made beyond information currently available to the Company's
management. Because "forward-looking statements" are subject to risks and
uncertainties, actual results may differ materially from those expressed or
implied by such forward-looking statements. Factors that could cause results
to differ materially from those expressed or implied by such forward-looking
statements include, but are not limited to, price competition, the inability
to obtain additional capital, loss of key personnel, unavailability of leased
facilities, technological changes, service interruptions, equipment failures,
customer attrition, general economic conditions, relationships with vendors,
government supervision and regulation, changes in industry practices, and
other factors.

    The TSXV has not reviewed and does not accept responsibility for the
adequacy and accuracy of this information.




For further information:

For further information: XPEL Technologies Corp., San Antonio Steven J.
McAuley, 210-678-3700 smcauley@xpel.com or Agency Contact: Blue Flame 6
Shellie Pierce, 866-860-2687 spierce@blueflame6.com

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XPEL Technologies Corp.

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