TIR Systems Ltd.

TIR Systems Ltd.

August 08, 2006 09:05 ET

TIR Surpasses Milestone of 100 Patent Filings

TIR's Leadership in SSL Technology Creates Demand for Speaking Engagements and Technical Papers

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 8, 2006) - TIR Systems Ltd. (TSX:TIR) announces that as of August 1, the company has 113 patent applications in addition to six patents already granted in the field of Solid State Lighting (SSL). This extensive intellectual property portfolio supports in excess of 60 separate inventions that cover the entire range of technologies required to successfully commercialize SSL systems.

TIR's portfolio includes a strategically diversified array of technologies that addresses:

- LED Drive - Control
- LED Package Design - Communications
- Thermal Management - LED Measurement Equipment
- Intelligent Feedback - Systems Integration
- Optical Systems

TIR's Lexel™ technology, for which TIR has signed seven development agreements with its light fixture manufacturing partners in Europe, North America and Japan, incorporates all of these component technologies while several of the inventions have potential application in fields outside of lighting.

"Reaching this milestone is a monumental achievement for the company and demonstrates that the focused R&D investment program that the company embarked on to develop Lexel is delivering results," said Leonard Hordyk, President and CEO of TIR Systems Ltd. "We believe that we have the fastest-growing and highest-quality intellectual property portfolio in the field of Solid State Lighting, positioning us very well to support our partners as we work together to establish a new standard in lighting," added Hordyk.

The depth and quality of TIR's intellectual property portfolio has also placed its research team in high demand. Fresh from a speaking engagement at the International Optical Design Conference (IODC), sponsored by the two leading scientific research organizations in the field of LEDs, Ian Ashdown, TIR's Senior Research Scientist will be co-chairing the International Society for Optical Engineering (SPIE) Solid State Lighting Conference in San Diego on August 13-17. In addition, TIR will be presenting five papers on its Lexel technology at the conference, currently the most prestigious worldwide gathering of SSL researchers in the world. SPIE will also be including a chapter on LED photometry authored by Mr. Ashdown in its forthcoming book, titled "Solid State Lighting and Illumination Engineering".

Four members of TIR's research team were recently recognized with an Excellence in Technical Communications award for co-authoring an article in Laser Focus World's May 2006 issue titled "White Light LEDs Range from Warm to Cool". With a circulation of 70,000, Laser Focus World magazine serves the global technical marketplace working on the leading edge of SSL development.

Brent York, Chief Technical Officer (CTO) of TIR Systems states, "In addition to participation on a variety of technical committees, such as the International Lighting Commission (CIE), the Illuminating Engineering Society of North America (IESNA), and SPIE, there is increasing demand for the TIR Research team to speak about the groundbreaking technology that we have developed. I attribute this growing interest to the strength of our intellectual property portfolio and our ability to effectively communicate with both lighting and semi-conductor audiences."

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 light enabling technology, is building the foundations for tomorrow's lighting. TIR developed the Lexel™, which is the first, fully integrated, Light Emitting Diode (LED) based light source, designed specifically to produce high quality white light essential for general lighting applications. The benefits of the Lexel technology will encourage a more rapid adoption of Solid State Lighting and the Lexel is positioned to become a new standard in the global lighting market.

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

This press release contains forward-looking statements or information within the meaning of applicable securities laws. Forward-looking statements or information include, but are not limited to, statements or information related to our strategy, future operations, prospects and plans of management, and also includes statements and information about: the probability of any of our outstanding patent applications being granted; that our portfolio of intellectual property rights can be successfully commercialised; that our strategy related to research and development and the growth of our intellectual property portfolio will lead to increased revenue in the short or long terms; expectations related to our ability to further penetrate the global lighting market; anticipated value of orders for our product or the launch of our new products. The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects",
"schedule", "should", "will", "would" and similar expressions are intended to identify forward-looking statements or information, although not all forward-looking statements or information contain these identifying words. Readers are cautioned that the plans, intentions or expectations disclosed in any forward-looking statements or information may not be achieved and that they should not place undue reliance on any forward-looking statements or information. Actual results or events could differ materially from the plans, intentions and expectations expressed or implied in any forward-looking statements or information as a result of numerous risks, uncertainties and other factors, particularly the inherent risks and uncertainties that include, but are not limited to: misappropriation of our intellectual property could place us at a competitive disadvantage; our success will depend, in part, on our ability to operate without infringing the patents and other proprietary rights of third parties; the patent litigation initiated by Color Kinetics may be unfavourable and have an adverse impact on our financial results; if we become involved in additional intellectual property litigation, interference, opposition or other administrative proceedings, we may incur substantial expense and the efforts of our technical and management personnel may be significantly diverted; as a result of such litigation or proceedings we could lose our proprietary position and be restricted from developing, manufacturing and selling affected products; the risk that we are dependent on a single customer for a significant portion of our sales revenue; future sales of our existing products and our new products may be less than expected; our ability to maintain and expand our intellectual property portfolio; our ability to manufacture products at attractive gross margins; our need for additional future capital, which may not be available in a timely manner or at all. Other risks, uncertainties and factors that our management believes could cause actual results or events to differ materially from the forward-looking statements or information are discussed in our filings with the securities regulatory authorities. Although we have attempted to identify important risks, uncertainties and other factors that could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements or information, there may be other factors that cause actual results or events to differ from those expressed or implied in the forward-looking statements or information. We undertake no obligation to revise or update any forward-looking statements or information as a result of new information, future events or otherwise after the date hereof, except as may be required by law.

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