TORONTO, June 3 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today
announced that it has received a new contract for the development of a number
of customized LCD flat panel display sets from Symbolic Displays Inc (SDI),
Santa Ana, California, and an undisclosed end user.
These displays will be based on Luxell's standard ATI product
architecture and customized to provide the customer's pilots with improved
flight situation awareness data. This initial contract for prototypes, has an
approximate value of US$400,000 and customer acceptance of the Luxell
prototypes could lead to an order for more than 100 shipsets with a potential
value of $10 million over a three year period. This would also open the door
for a further extension of several hundred units.
The SDI contract is the second new contract resulting from Luxell's
Marketing Partnership with Symbolic Displays.
Jean Louis Larmor, Luxell's CEO said "We are very encouraged by the new
contract win because it serves as a highly credible endorsement by a new
customer from the defense industry of the reliability and performance features
of our displays. We see it as another step in the continuing development of a
long term supply relationship with SDI. We are also excited about the huge
business development potential which will follow the end user's acceptance of
our prototype units."
About Symbolic Displays, Inc.
Symbolic Displays manufactures simulator displays, flight simulator
control panels, cockpit displays, military aircraft panels, and integrated and
illuminated keyboards. While the Company specializes in best value custom
built Simulator Displays, its extended product line also includes LCD based
Simulator Flat Panel Multi-Function Display Units (MFDU), Color Display Units
(CDU), Up Front Control Displays (UFCD), Night Vision (NVIS), LED based
lighting systems for Displays and Panels, Edge Lit Panels (ELP) and Integrated
Control Panels (ICP). Symbolic Displays was first established more than 40
years ago and is today the leading world-class manufacturer of custom built
Simulator Displays, Flight Simulator Control Panels, and Aircraft Panels for
the military and the commercial aerospace industry. Symbolic Displays is an
ISO 9001 and AS9100 certified company. More information can be found at
Luxell designs, manufactures and licenses flat panel display technologies
and solutions for defence and avionics industries. More information can be
found at www.luxell.com. (C) 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
For further information:
For further information: Luxell Technologies Inc., Simon Dann, Director,
Government & Corporate Relations, (905) 363-0325, ext 235, email@example.com