Luxell extends collaborative partnership with National Research Council of Canada

TORONTO, June 2 /CNW/ - Luxell Technologies Inc. (TSE:LUX) announced
today that it has extended its collaborative partnership with the National
Research Council of Canada (NRC) through the negotiation of a new technology
licence agreement and the signing of a research and development (R&D)
collaboration agreement.
The new technology licence agreement provides Luxell with a world-wide
exclusive licence for commercialization of NRC's electroluminescent flat panel
display contrast enhancement technology, which is considered background
intellectual property (IP) to Luxell's extensive Black Layer(TM) display
contrast enhancement IP portfolio. The combined IP portfolio provides Luxell
the continued right to pursue global commercial licensing of its Black
Layer(TM) contrast enhancement technologies, which recently have been
optimized for application to the emerging Organic Light Emitting Diode (OLED)
technologies. This newly signed agreement supercedes a similar agreement
previously executed by the parties in 2001, and will be in effect for up to
four years.
The R&D collaboration agreement establishes a framework for, and will
facilitate the cooperation of the NRC Institute for Microstructural Sciences
(NRC-IMS) and Luxell Research in performing research projects related to
future Black Layer(TM) technology enhancements and related technology
development for commercial application by flat panel display manufacturers.
The collaboration agreement provides for the inclusion and licensing of any
arising IP under the terms of the newly re-negotiated license agreement. Other
terms and conditions of the R&D collaboration and licence agreements have not
been disclosed.
"The signing of these two new agreements represents a further
strengthening of our long-term collaborative partnership with the NRC, one of
Canada's premier R&D institutions", said John Wright, President and CEO of
Luxell Technologies. "We look forward to augmenting our extensive IP portfolio
and further converting this portfolio into commercially viable processes and
techniques. This is what will provide a substantial economic advantage to our
existing and potential commercial licensees, particularly those who are   
mass-manufacturing hand-held consumer display products incorporating OLED
technology."
Marie D'Iorio, Director General of the NRC Institute for Microstructural
Sciences commented "I am delighted that the strategic investment by NRC-IMS in
thin film technologies and organic light emitting devices has found a strong
Canadian receptor and collaborator in Luxell Technologies, which will lead to
commercial products and processes and economic benefits for Canada. Our    
long-standing relationship with Luxell Technologies is a model for how NRC can
bring value to Canadian companies."

About Luxell Technologies Inc.
Luxell designs, manufactures and licenses high performance flat panel
display technologies and solutions for defence, avionics, and commercial
industries worldwide. 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.

About the NRC Institute for Microstructural Sciences (NRC-IMS)
Taking advantage of the opportunities emerging from the convergence of
physical and biological sciences, the role of NRC-IMS is to provide
leadership, working in collaboration with industry and universities, in the
development of emerging technologies related to future hardware requirements
for information, acquisition, processing, transmission, storage and display.
The Institute encourages industrial innovation and assists economic
development through research and development of enabling technologies. With
the three major programs of Materials/Processes, Components and Technology
Base, the core competencies of IMS are organic and inorganic semiconductors,
nanofabrication, photonic and quantum devices, thin film technologies,
acoustics, nanotechnology and optical components. More information can be
found at: www.ims-ism.nrc-cnrc.gc.ca.

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