TIR Systems Ltd.
TSX : TIR

TIR Systems Ltd.

December 05, 2006 08:30 ET

TIR Systems Awarded Another Patent for Solid State Lighting Technology

7th Patent a Milestone in Growing Portfolio of SSL Technology

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 5, 2006) - TIR Systems Ltd. (TSX:TIR), a world leader in Solid State Lighting (SSL) technology, announced today that it has been granted patent #7,140,752 as the company's 7th patent. This patent protects a neural network control system that enables TIR's unique feedback technology to maintain consistent white light and intensity during variations in operating conditions when applied to solid state light fixtures. TIR's feedback technology is one of the key breakthroughs incorporated in its Lexel® light sources.

The neural network control system patent is a significant milestone in TIR's rapidly growing patent portfolio of SSL technology, which currently includes 138 patent applications filed worldwide. This patent once again confirms TIR's leadership in the solid state lighting field and the company's continuous dedication to protecting its intellectual property in SSL.

"This is a major breakthrough in control systems for LED-based white lighting," states Brent York, Chief Technology Officer for TIR Systems. "With this innovative technology the Lexel will provide long term system stability, while delivering perfectly controllable white light. These unique qualities will allow TIR's lighting manufacturing partners to achieve greater flexibility when designing their Lexel-based lighting products. They will also provide them the opportunity to deliver quality, cost-competitive lighting products to their markets."

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. The 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.

FORWARD-LOOKING STATEMENTS

This News Release contains "forward-looking information" within the meaning of applicable Canadian securities laws. The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. The forward-looking information in this news release includes, but is not limited to, statements concerning: the Company's intellectual property; the Company's development, design and marketing of SSL technology; and the Company's success in developing, designing and marketing its products or technologies in response to continuing changes in technology, evolving industry standards and changing customer preferences and requirements.

Various assumptions were used in drawing the conclusions or making the forecasts and projections contained in the forward-looking information in this news release. Statements which discuss our ability to commercialize the Lexel for the general or 'white light' lighting market are based on estimates and assumptions. Other risks, uncertainties and factors are taken into account as part of our assumptions underlying the forward-looking information, including: general economic and business conditions, both nationally and in the regions in which we operate; market demand; technological changes that could impact our existing products or technologies or our ability to develop and commercialize future products or technologies; competition; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; the requirement for substantial funding to conduct research and development and to expand commercialization activities or consummate acquisitions; and many other factors that may affect our performance. In addition, our business is subject to certain operating risks that may cause the actual results expressed or implied by the forward-looking information in this news release to differ materially from our actual results. These risks include: our ability to attract and retain qualified personnel; changes in business strategy or development plans; our failure to obtain patent protection for our technologies; loss of patent protection resulting from third party challenges to our patents; commercialization limitations imposed by patents owned or controlled by third parties; our ability to obtain rights to technology from licensors, if necessary; liability for patent claims and other claims asserted against us; our ability to obtain and enforce timely patent and other intellectual property protection for our technologies and products; market acceptance of our technologies and products; our ability to successfully manufacture, market and sell our products and technologies; and the continued availability of capital to finance our activities. For a more thorough discussion of the risks associated with our business, see the "Risks and Uncertainties" section in our Annual Report for the year ended September 30, 2005.

Actual results may be materially different from any future results, events or developments expressed or implied by the forward-looking information contained in this news release and readers are cautioned not to place undue reliance on such forward-looking information. We disclaim any obligation to update any forward-looking information contained in this news release as a result of new information, future events, or otherwise, after the date hereof, except as may be required by law.

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

Contact Information