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Luxell Reports Deliveries for 2006-07 Exceeded Expectations and New Add-On Order for Ground-based Terminal Display
Luxell Reports Deliveries for 2006-07 Exceeded Expectations and New Add-On Order for Ground-based Terminal Display.
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"\n\n\n\nTORONTO, Sept. 17 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today\nannounced that shipments for fiscal 2007, completed August 31st are believed\nto be the highest number in the company's history with a total number of 625\nflat panel display units delivered to a variety of customers. The Company\nestimates that about 35% of shipments occurred in the final quarter. Across\nthe full year, Luxell products were destined for programs such as the\nEuro-fighter, Airbus A400M, BAE Hawk fighter aircraft, the P3 Maritime Patrol\nAircraft, the CH-47 Chinook heavy-lift helicopter and the Westland Lynx\nbattlefield and maritime helicopter. Products shipped were specifically\ndesigned for individual customer applications and included maintenance data\npanels, video display units, multifunctional displays, data entry panels and\nterminal displays for a ground based air defense system.\n\n\nJean-Louis Larmor, Luxell's Senior Vice-President Business Development,\nsaid that "our delivery performance has definitely exceeded expectations of\nour customer market considering the challenges that were faced by Luxell in\nthe past year. Our delivery performance has done much to build the confidence\nof our existing customers as well those we are currently negotiating with and\nhope to bring on board over the next year."\n\n\nLuxell is also pleased to report it has received another add-on order for\nan additional 18 specialized terminal displays with delivery to be completed\nby January 2008. The value of the order is expected to be approximately\n$360,000 CDN. David Pasieka, Luxell's interim CEO, noted that, "our delivery\nresults and these additional orders confirm that we are making solid progress\nin building new growth and moving towards our goal of achieving a profit for\nLuxell in the current 2008 fiscal year. The past year is actually the first\nyear in Luxell's history in which the company's revenues are completely based\non our ruggedized flat panel display product shipments. We're looking forward\nto reporting on these results in more detail as soon as our audit is\ncompleted."\n\n\nAbout Luxell\n\n\n------------\n\n\nLuxell designs, manufactures and licenses flat panel display technologies\nand product solutions for the aerospace and defense sectors. Luxell is an ISO\ncertified company. More information can be fou...