Lyrtech closes $1 million development and manufacturing contract

Lyrtech to design and manufacture a new controller board for industrial applications

QUEBEC CITY, Sept. 21 /CNW Telbec/ - Lyrtech Inc. (Lyrtech) (TSX Venture Exchange: LTK), a worldwide leader in digital signal processing technologies, announced today a new manufacturing contract for a controller board for industrial applications.

This contract follows a previously signed agreement, for which Lyrtech is currently developing a CPU board to be used as the controller for an industrial monitoring system. Through a redundancy system of two, it will be possible to maintain fully functional systems despite failure from one of the boards. The CPU board will also incorporate a sophisticated monitoring system that will report on the complete system's health and controller board failures. The project also involves designing a new I/O board for the monitoring system.

The boards' development and manufacturing are worth approximately CA$1,030,000 and are to be delivered over the next six months. This contract also paves the way for more manufacturing over the next several years.

"This is an incredible opportunity to expand our presence in this area of the industrial market-I'm certain that our experience and know-how will help us carve a greater place in it," said Louis Bélanger, president of Lyrtech.

About Lyrtech

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 defence fields.

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

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For further information: Louis N. Bélanger, president and chief executive officer, Lyrtech, (1) 418-877-4644, [email protected]