QUEBEC CITY, Sept. 16 /CNW Telbec/ - Lyrtech Inc. (Lyrtech or the company) (TSX Venture Exchange: LTK), a firm specializing in digital signal processing technologies, announced today the closing of two major engineering contracts evaluated at over 4.5 million Canadian dollars.
These new contracts not only involve technological development, but also very important original design manufacturing aspects to be started during later phases of the projects. Due to the nature of the contracts, the parties involved cannot be disclosed.
"These new contracts will help us reach our 2009 and 2010 business objectives, and confirm us again as digital signal processing technology leaders," said Louis Bélanger, president and CEO of Lyrtech.
Both projects are set to begin in September, 2009, and run for a period of 12 months.
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 defense fields. For details, visit www.lyrtech.com.
This press release contains forward-looking statements that reflect Lyrtech's current expectations regarding future events. These forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Lyrtech disclaims any obligation to update these forward-looking statements.
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(as that term is defined in the policies of the TSX Venture Exchange
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SOURCE LYRTECH INC.
For further information: For further information: Louis N. Bélanger, President and CEO, Lyrtech Inc., (418) 877-4644, email@example.com