A leader in the design, development and manufacturing of products and
services for the defence and aerospace industries - Ontario's Luxell
Technologies expands to Greater Montréal

MONTREAL, April 29 /CNW Telbec/ - The Ontarian company Luxell Technologies, an expert in the design, development and manufacturing of products and services for the defence and aerospace industries, is expanding to Greater Montréal. Benefiting from the assistance of Montréal International to establish its presence in the Quebec's metropolis, the company plans to hire more than a dozen of highly qualified specialists over the next three years. The announcement of the investment was made through Aeromart 2010, the international business aviation and space industry convention.

Luxell Technologies develops high-performance displays used in military and commercial avionics, and for defence applications: tactical and mission displays, electronic warfare, navigation, GPS positioning and maintenance equipments, airborne or ground instrumentation systems. Luxell offers its customers an integrated approach including design, manufacturing, qualification and post-sales support, covering the entire life cycle of its products.

"Luxell has a strong reputation among major players in the defence industry. By locating in the Greater Montréal area, we want to become closer to our commercial aviation clients, expand our offerings in this sector and benefit from a large pool of specialists in avionics and advanced technologies. Expanding to Montréal should also allow us to distribute our products in more specific market segments, such as simulators or the transportation industry," underlined the President and CEO of Luxell Technologies, Jean-Louis Larmor.

"By locating in the Montréal region, Luxell Technologies will benefit from the skills of a renowned workforce. In fact, the greatest wealth of the aerospace industry in Québec is its exceptional workforce, which is both available and qualified. The network of excellence in aerospace training institutions found here also plays an important role. In addition, job creation will contribute to the future economic growth of Québec," said the Minister of Economic Development, Innovation and Export Trade, Clément Gignac.

"If Montréal has become a global leader in aerospace, it is through the collective decisions that we have made and thanks to the innovative businesses like Luxell Technologies, who have chosen to establish themselves here. I can only rejoice in this company's move to Montréal, which will undoubtedly stimulate our economy and create new wealth that will benefit all Montrealers," stated the Mayor of Montréal, Gérald Tremblay.

"The establishment of a company such as Luxell strengthens the position of Greater Montréal as a centre of excellence in the aerospace sector. The company will make the metropolitan area the spearhead of its research and development activities related to the commercial market. It will benefit from the presence in our region of an abundant and highly qualified workforce, many research centres and key industry leaders," said the Acting President and CEO of Montréal International, Luc Lacharité.

About Luxell Technologies

Incorporated in 1994, Luxell is known for its original and patented work in the research and development of flat panel display enhancing technologies. It has prestigious clients in Europe (Rheinmetall Defence in Germany, Indra in Spain and Northrop Grummann in Italy) and the U.S. (Raytheon and Lockheed Martin). In recent years, Luxell has focused its business activities on the design, development, manufacturing and marketing of products and services for the defence and aerospace industries. For more information, visit the website www.luxell.com.

About Montréal International

Montréal International (MI) was created in 1996 as a result of a private/public partnership. Its mission is to contribute to the economic development of metropolitan Montréal and to enhance its international status. Its mandates include attracting foreign investment, international organizations and qualified workers, as well as promoting the competitive and international environment of Greater Montréal. Montréal International is funded by the private sector, the Communauté métropolitaine de Montréal (Montréal Metropolitan Community), the City of Montréal and the Governments of Canada and Québec.

Since its creation, Montréal International has helped to attract more than $7.5 billion in foreign investment to Greater Montréal. From these investments, more than 43 000 jobs have been created or maintained. To date, MI's activities have also allowed more than 25 international organizations to establish themselves in the city and attract more than 4 000 qualified foreign workers. To learn more, please visit MI Web site at: www.montrealinternational.com.

For further information: Benoît Lefèvre, Communications Advisor, Montréal International, [phone], Cell: [phone], [email protected]; Jean-Louis Larmor, President and CEO, Luxell Technologies, [phone], [email protected]