TIR Systems Ltd.
TSX : TIR

TIR Systems Ltd.

May 30, 2006 14:08 ET

TIR Unveils New Brand for lexel'TM'; lexel'TM'-Based Products Displayed at Lightfair

LAS VEGAS, NEVADA--(CCNMatthews - May 30, 2006) - TIR Systems Ltd. (TSX:TIR) unveiled its new look for its lexel™ technology at the opening of Lightfair International in Las Vegas. lexel™ is the first fully integrated Solid State Lighting (SSL) system for white light illumination with the potential to revolutionize the lighting industry and accelerate the migration from conventional light sources to those based on LEDs by delivering performance and features never before possible for both general and specialty lighting applications.

In addition to introducing its new brand, TIR is showcasing its increased focus on its OEM business of supplying light fixture manufacturers with the best SSL technology in the market by displaying the products recently introduced by its partners at recent industry events.

"The new brand was developed to support our partners in marketing their products by providing a recognizable symbol of quality illumination that we are confident will become the lighting industry standard for SSL," stated Neil McDonnell who recently joined TIR as Chief Operating Officer.

Leonard Hordyk, President & CEO of TIR adds, "Since its introduction at last year's Lightfair, we have been building tremendous momentum by refining the lexel™ technology and working with our partners to launch their new products. The introduction of a formal brand for lexel™ is another milestone in the commercialization process."

To view TIR's new brand for lexel™, please click the following link: http://www.ccnmatthews.com/docs/lexel_logo.jpg

About lexel™

The lexel™ is a perfectly controllable, new solid state light source incorporating light-emitting diodes (LEDs) that has the potential to use up to 80% less energy to produce the same amount of light as a conventional light source and does not degrade its output or color temperature over its 50,000-hour life. lexel™ combines breakthroughs in thermal design, optics, and feedback to provide precise color temperature control and dimming in a cost-effective design, resulting in a truly intelligent light source for illumination.

About TIR Systems Ltd.

TIR Systems Ltd., a world leader in delivering specialty lighting systems, is building the foundations for tomorrow's lighting. Through sound innovation and proven technical capability, TIR is developing, designing and marketing the core technologies that will allow Solid State Lighting (SSL) to move to the forefront of mainstream lighting.

To find out more about TIR Systems Ltd. (TSX:TIR), visit http://www.tirsys.com.

This News Release contains forward-looking statements concerning the development, design and marketing of SSL technology and its expected impact on the Company's business. Forward-looking statements are statements about the future and include, but are not limited to, our ability to develop, design and market and sell our products or technologies in response to the continuing change in technology, evolving industry standards and changing customer preferences and requirements. Such statements are inherently uncertain, and the actual events or results could be materially different than those anticipated in those forward-looking statements as a result of numerous factors, including without limitation, our ability to successfully address these developments on a timely basis or at all; as well the other risks and uncertainties affecting the Company and its business, as contained in the Company's most recent Annual Information Form and other subsequent news releases and filings with the Canadian Securities Regulatory Authorities, any of which could cause actual events or results to vary materially from the Company's expectations. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

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