FALLS CHURCH, Va., Sept. 19 /CNW/ -- VECTr Systems Inc. (OTC Bulletin
Board: VECT) and Luxell Technologies Inc. (TSX: LUX) announced a joint
collaboration agreement today to develop new business opportunities for VECTr
Systems' MG series of airborne mission management systems. This affiliation
will offer major international systems integrators access to VECTr Systems'
moving map technology and Luxell's flat panel display expertise & products as
a single package.
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"I believe this relationship is a win-win for the customers of both
companies," said Herb Lustig, General Manager of VECTr Systems. "By
integrating Luxell's flat panel display products and expertise with our
advanced mission management systems, we foresee a rapid expansion of our
market opportunities with users of airborne moving map and surveillance
Jean-Louis Larmor, Luxell's Sr. Vice President, Business Development,
said, "We are very pleased to have developed our relationship with VECTr
Systems to the point where we can support each other's products and
capabilities while targeting users of moving map systems at a number of
industry meetings over the next year."
Luxell designs, manufactures and licenses flat panel display technologies
and specialized product solutions for the aerospace and defense sectors.
Luxell is an ISO registered company. More information can be found at
VECTr Systems develops and markets airborne mission management systems
used in airborne surveillance and reconnaissance. The Company's map-based
products couple with and manage airborne sensors to create a comprehensive
system to improve situational awareness. Customers worldwide include some of
the most demanding and sophisticated users of tracking and mission control
tools such as Military, Government Agency, Law Enforcement, Fire Fighting,
Search & Rescue, and Utility & Resource Management organizations. More
information can be found at www.vectrsystems.com
FOR FURTHER INFORMATION PLEASE CONTACT:
VECTr Systems Inc.
1-888-429-1438 ext 108
Director Corporate Communications & Investor Relations
Luxell Technologies Inc.
1-905-363-0325 ext 235
This Press Release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The Company
has tried, whenever possible, to identify these forward-looking statements
using words such as "anticipates", "believes", "estimates", "expects",
"plans", "intends", "potential" and similar expressions. It includes our
belief that the airborne surveillance market seeks lightweight, reliable, low
cost solutions and that the MG series with its unique combination of geo-
referencing and safety-of-flight features will earn a major role in airborne
surveillance operations. These statements reflect the Company's current
beliefs and are based upon information currently available to it. Accordingly,
such forward looking statements involve known and unknown risks, uncertainties
and other factors which could cause the Company's actual results, performance
or achievements to differ materially from those expressed in or implied by
such statements. The Company undertakes no obligation to update or advise in
the event of any change, addition or alteration to the information contained
in this Press Release, including such forward looking statements.
For further information:
For further information: David Wimsett, Project Coordinator of VECTr
Systems Inc., +1-888-429-1438, ext. 108, email@example.com; or Simon
Dann, Director Corporate Communications & Investor Relations of Luxell
Technologies Inc., +1-905-363-0325, ext. 235, firstname.lastname@example.org Web Site: