TORONTO, April 14 /CNW/ - Luxell Technologies Inc. (TSX:LUX) announced today that the Company has been awarded a contract from Oerlikon Contraves (Canada) Inc. of Saint-Jean-sur-Richelieu, Quebec for the development of display systems for tablet computers. This innovative product will be used by the Royal Netherlands Army in the Weapons Terminal as part of the Future Ground Based Air Defence System (FGBADS) program for Stinger missiles. The initial development contract is valued at CAD $45K (US $36K), with delivery of prototype and pre-production units in the May-June 2005 timeframe. Oerlikon has issued a Letter of Intent for a Phase 1 production order valued at CAD $198K (US $160K), with a Phase II option of equivalent value. Louis Joubert, Luxell's Chief Operating Officer and General Manager of its Aktelux business unit, commented, "While of modest contract value, this award is of great significance, both in adding further to our growing 'C Series' of high performance, land-based displays (as evidenced by previous press releases), and expanding our strategic relationship with Oerlikon Canada, as their preferred source for this class of display." About OERLIKON CONTRAVES (CANADA) INC. Oerlikon Contraves (Canada) Inc. (OC) is an internationally recognized systems integrator specializing in the design, assembly, integration, testing and delivery of complete advanced software, communications, defence and transportation technology systems solutions. Established in Canada in June 1986 as Oerlikon Aerospace, OC is a member of the Rheinmetall Group of Germany, globally active in the automotive parts, electronics and defence systems sectors. More information can be found at www.oerlikon.ca. About Luxell Technologies Inc. Luxell designs, manufactures and licenses flat panel display technologies and solutions for defence, avionics, and commercial industries through its operating divisions, Aktelux and Luxell Research. Luxell is a publicly traded company on the Toronto Stock Exchange, under the symbol LUX. More information can be found at www.luxell.com, www.aktelux.com, and www.luxellresearch.com. Forward-Looking Statements This news release contains certain "forward-looking statements" that reflect the current views and/or expectations of Luxell Technologies Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. %SEDAR: 00008266E
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