TORONTO, July 10 /CNW/ - Luxell Technologies Inc. (TSX:LUX) is pleased to report it has received an order increase for a Multi-Function Display ("MFD") unit first ordered by Rheinmetall Defence Electronics ("RDE"), of Bremen, Germany, in 2005 and to be used in RDE's Loadmaster Control System ("Loadmaster") on the Airbus A400M.
Designed to meet a recognised requirement by European air forces for a new airlifter the A400M is the next generation military cargo plane and represents one of the most ambitious military procurement programmes undertaken in Europe. Launched under a single contract in 2003 with 180 orders for seven European launch customers, the A400M will offer greater flying range and payload capability. It incorporates state-of-the-art materials and features such as electronic flight controls, carbon composite structures and an automated handling system intended to bring new standards of operability and safety to military aircrews.
As the prime contractor and integrator of the Loadmaster Control System on the AIRBUS A400M, RDE has now increased and confirmed a new order for the Luxell MFD. The Loadmaster MFD was developed under contract from RDE to meet the highest standards of ruggedization required for payload management functions.
The new contract increases the value of the total order for LUXELL by more than 300,000 Euros and provides for the supply of additional display shipsets in flight worthy condition to support the final phase of qualification of the aircraft.
Jean-Louis Larmor, Luxell's CEO, said that "we are very gratified by this renewed sign of confidence from such a major European player. Our company has worked hard with RDE in a very demanding environment for this new modern aircraft and we are continuously making every effort to ensure we become one of their preferred suppliers."
The companies are presently finalizing the details of the delivery rate and production plan components of the contract, as well as the product support for the aircraft (the order book now stands at 192 aircraft) over the next few years. "We anticipate this could generate revenues in excess of 3 Million Euros for Luxell," added Mr. Larmor.
About Luxell
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Luxell designs, manufactures and licenses flat panel display technologies and solutions for defence and avionics industries. 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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