TORONTO, Aug. 8 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today announced that it has received a new order from Indra Systemas (INDRA) of Madrid, Spain, to supply an additional 80 Maintenance Data Panel Displays (MDPDs) for the Eurofighter program. When this new order is completed by the Spring of 2008, Luxell will have produced and delivered just over 400 units with an order value of approximately US$3.5 million. The current add-on order of 80 units is valued at just under US$700,000.
David Pasieka, Luxell's CEO, commented, "We're very pleased to have received this add-on order and see it as another step in the company's development and growth program. It also confirms the integrity, reliability, and quality of the display products being produced at Luxell and as the systems integrator on this program, Indra has been outstanding to work with in supporting Luxell with this important role on Europe's premier front line fighter."
About INDRA
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Indra is the leading Spanish Information Technologies and Defense Systems company, with revenues of 2,000 euro M (pro forma revenues). A solid technology base, permanent innovation, quality in processes and results, demanding management and the high degree of qualification of more than 19,500 professionals that work for the company are the pillars sustaining Indra's success. More information can be found at www.indra.es.
About Luxell
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Luxell designs, manufactures and licenses flat panel display technologies and product solutions for the aerospace and defense sectors. Luxell is an ISO certified company. More information can be found at www.luxell.com. (C) Luxell Technologies Inc., Luxell and Black Layer are trademarks of Luxell Technologies Inc. All other company and/or product names are trademarks and/or registered trademarks of their respective manufacturers.
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