TIR Systems Ltd.

TIR Systems Ltd.

June 08, 2006 12:05 ET

TIR Signs New Partner to Join lexel Consortium-Lucifer Lighting Company to Develop Products Based on lexel'TM'

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 8, 2006) - TIR Systems Ltd. (TSX:TIR), announces that Lucifer Lighting Company of San Antonio, TX has signed a strategic development agreement to become the next member of TIR's market-leading consortium of companies developing and marketing lighting products based on its award-winning lexel™ technology. Lucifer is widely recognized as a lighting innovator, having received numerous awards for outstanding product design with a focus on corporate, retail, restaurant and high end residential lighting applications.

Gilbert Mathews, CEO of Lucifer states, "Our company has considerable experience developing products based on LEDs, which is why we understand the difficulties in developing an integrated system that will deliver value for warm white illumination, and interface with standard control packages. The lexel™ provides the ability to independently tune the color temperature and output of the light that our products are known for. We view LED technology as evolving and foresee a day when TIR technology will give us the means to project light in small fixture packages. This strategic development agreement represents a great fit for both our companies."

"We are thrilled to have Lucifer Lighting on board to develop products based on lexel™," said Leonard Hordyk, President & CEO of TIR Systems Ltd. "Lucifer is exactly the type of company TIR has been targeting to take advantage of our technology because of their reputation for quality and focus on the key strategic markets that are adopting lexel™ today. The addition of Lucifer to our list of partners is further evidence of the momentum we have been building toward forming a consortium that will have the strength to establish the lexel™ as a standard for solid state lighting," added Hordyk.

About Lucifer Lighting Company

Lucifer Lighting Company is a manufacturer and distributor of low voltage lighting products, including its patented Lucifer® Light Strip and luminaire accessories. The company's focus is on engineering light fixtures that are "tuneable" - allowing control of beam shape, color temperature and intensity. Lucifer Lighting's product line includes low voltage Downlights, Track and Spots, Fiber Optics and Power accessories.

To find out more about Lucifer Lighting Company, visit http://www.luciferlighting.com.

About lexel™

The lexel™ is a perfectly controllable new solid state light source incorporating light emitting diodes (LEDs) with built-in heat-sinking that has the potential to use up to 80% less energy to produce the same amount of light as a conventional light source. lexel™ 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.

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.

Contact Information