TIR Systems Ltd.

TIR Systems Ltd.

October 17, 2006 08:00 ET

TIR Systems' President & CEO to Speak at Ardour Capital Investments' Energy Technology Conference

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 17, 2006) - TIR Systems Ltd. (TSX:TIR) announces that President and CEO Leonard Hordyk will present at the Ardour Capital Investments Energy Technology Conference, to be held on October 19th and 20th, 2006 at the offices of Baker & McKenzie LLP in New York City.

Providing a wide range of financial services for both public and private growth companies, Ardour Capital Investments is a leading research institution in the Energy Technology/Alternative Power sector. Together with Baker & McKenzie LLP, Ardour Capital Investments will bring together some of North America's leading energy and technology companies at this fourth annual event.

Leonard Hordyk's presentation, "Leading the Lighting World to Solid State Lighting", will take place on Thursday, October 19th, 2006, at 3:30pm EDT. The presentation will be available on TIR's website at www.tirsys.com.

About TIR Systems Ltd.

TIR Systems Ltd., a world leader in Solid State Lighting (SSL) technology, is building the foundations for tomorrow's lighting. TIR developed Lexel™, the first, fully integrated, Light Emitting Diode (LED) based light source designed specifically to produce high quality white light essential for mainstream commercial and residential lighting applications. The benefits of Lexel technology will encourage a more rapid adoption of solid state lighting and 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.

About Lexel™

The Lexel brand symbolizes 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 products combine 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.

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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