October 7, 2004... - TIR?s architectural LED-based lighting products continue to gain traction in the Commercial and Industrial markets globally
Vancouver, British Columbia, Canada - TIR Systems Ltd. (TSX: TIR), a world leader in light enabling technology, today announces the receipt of orders totaling $1.4 million for its Destiny Series of Architectural Solid State Lighting (SSL) products. Is expected to be recognized in fiscal 2005.
The Destiny Series consists of six products which address a wide range of functional requirements for architectural lighting applications. The products are Destiny CW, Destiny CG, Destiny CV, Destiny DL, Destiny SL and Destiny LP. All except Destiny CW were launched into the global Market starting in March 2004 at Lightfair International in Las Vegas followed soon after at Light+Building 2004 in Frankfurt and Elenex 2004 and World Lightfair 2004 in Hong Kong and Japan respectively. The majority of these orders are for the newly launched products.
?These orders represent a range of applications in North America, Europe, Japan and the Middle East?, states Darren Luce, VP Global Sales, Commercial/Industrial Markets. ?TIR has experienced a great deal of interest and uptake with lighting designers in these Regions who are looking for solutions that are optically sophisticated and offer high performance. The Destiny Series has been engineered and built to deliver these benefits.?
TIR Systems Ltd., a world leader in delivering specialty lighting systems, is building the foundations for tomorrow?s lighting. Through sound innovation and proven technical capability, TIR is developing, designing and marketing the core technologies that will allow Solid State Lighting (SSL ) to move to the forefront of mainstream lighting.
To find out more about TIR Systems Ltd. (TSX: TIR), visit
For more information, please contact:
J. Caren Holtby
Investor Relations Manager
Tel: 604-473-2318
Email: caren.
The News Release contains forward-looking statements concerning exposure developments in the Companys business, which statements can be identified by the use of forward-looking terminology such as received, expected or the negative thereof or any other variations portfolio or comparable terminology referring to future events Or results. Forward-looking statements are statements about the future and are inherently uncertain, and the actual value of the Companys products purchased could be materially less than those anticipated in those forward-looking statements as a result of numerous factors, including without limitation, Manufacturing risks; product liability risks; the effect of competition; as well as a description of other risks and uncertainties affecting the Company and its business, as contained in the Company?s most recent Annual Information Form and other subsequent news releases and filings with the Canadian Securities Regulatory Authorities, any of which could cause actua l revenues to vary materially from the Companys exposure future results. Forward-looking statements are based on the beliefs, opinions and expectations of the Companys management at the time they are made, and the Company does not assumed any obligation to update its forward-looking Statement if those beliefs, opinions or expectations, or other circumstances should change.
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