Cantronic Systems Inc.
TSX VENTURE : CTS

Cantronic Systems Inc.

December 03, 2007 09:15 ET

Cantronic Insider Exercises Two Million Warrants at $0.19

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2007) - Cantronic Systems Inc. ("Cantronic") (TSX VENTURE:CTS) is pleased to announce that Mr. James Zahn, President/CEO has recently exercised his warrants to buy an additional 2 million shares at $0.19 per share. Mr. Zahn views the present stock price for Cantronic as substantially undervalued. Mr. Zahn believes the current market price for Cantronic represents an excellent investment opportunity, given the recent announcements regarding contracts and the new Thermography Division headed by Mr. Jon Chynoweth (formerly Vice President of Sales and Marketing at Mikron Infrared). Cantronic's revenues for the first 2 Quarters, has increased by 163% over the same period last year. Net earnings were $123,000, compared to a loss of $507,000 over the same period. Gross margins also increased from 26% to 47% during that period. Mr. Zahn stated that "Cantronic has now posted positive earnings for past 3 Quarters."

About Cantronic Systems Inc.

Cantronic is a leader in infrared night vision technology, specializing in passive and active Infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security applications. Cantronic's products have achieved breakthrough performance characteristics, including viewing distances of 800 meters for its active infrared night vision camera. Cantronic serves a rapidly expanding worldwide base of military, government, commercial and residential customers. Cantronic has also been approved by Health Canada as a Medical Device manufacturer and is working on using imaging as a diagnostic tool for breast cancer screening.

Cantronic, through its US subsidiary QWIP Technologies, Inc. ("QWIPTECH"), holds a worldwide exclusive license from the California Institute of Technology ("Caltech") to produce and sell infrared detectors and sensors based on Caltech's Quantum Well Infrared Photodetector technology. This technology, developed by the renowned NASA Jet Propulsion Laboratory in Pasadena, California, has many applications in defense, as well as in the field of security and surveillance.

Cantronic is a Tier 1 issuer on the TSXV exchange, trading under the symbol CTS. For further information about Cantronic and QWIPTECH, please visit our websites at www.cantronics.com and www.qwip.com.

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