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Gold/Mining/Energy : LUXELL (LUX): INTEL OF FLAT PANEL DISPLAYS -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (47)	2/29/2000 9:06:00 PM
From: Ciao	Read Replies (1) \| Respond to of 61

FEBRUARY 29, 2000 Luxell's New Patent To Make Black Layer Available For Emerging Organic Flat-Panel Display Market MISSISSAUGA, ONTARIO--Luxell Technologies Inc. (CDNX:LUX) today announced that it has filed for a patent in the United States with the intent of securing a strong intellectual property position for the company's black layer technology in emerging markets for flat-panel displays based on organic electroluminescent (OEL) technology. The patent pending covers a technology Luxell has developed that enables flat-panel manufacturers to incorporate the black layer into any OEL-based displays they produce. It will give manufacturers of all types of OEL-based flat-panel displays access, via license and OEM arrangements, to Luxell's unique, market-leading black layer technology. It will also allow the company to incorporate OEL technology with the black layer in displays for markets it currently supplies including aerospace, defense and other high-performance markets. "We regard the filing as an important step in our long-term strategy to establish the black layer as a standard in the global flat-panel industry" commented Brian Kennedy, President and CEO of Luxell. "The black layer is the most elegant, cost-effective solution to the problem of reflection and contrast, and a powerful enhancer of electronic display imagery. We are in the enviable position of being its sole source and plan to use this position to enhance the company's revenues and profitability." Industry experts are predicting that OEL technology will usher in the next new era in the flat-panel display industry because of its superior performance features and its low manufacturing cost. Luxell Technologies Inc. develops, manufactures and markets solid-state flat-panel displays and systems based on inorganic electroluminescent (EL) technology and on emerging organic electroluminescent (OEL) technology. Luxell displays provide industry-leading performance features that include crisp, clear images that are readable in all light conditions ranging from total darkness to full sunshine and from extremely wide angles. Luxell displays can also operate over a broad temperature range. They are ideal for demanding defense, aerospace and transportation applications as well as for medical monitoring systems, test equipment, industrial process control systems and global positioning systems. Luxell's strong competitive position is based on its patented black layer technology. The Company is developing a new technology product which integrates the black layer and OEL technology. Once the product is developed it will be targeted to grow the company's position in consumer markets for flat-panel displays. Stanford Resources, a US-based market and technology research firm, projects that annual global revenues for OEL-based flat-panel displays will grow to more than $1 billion in 2005 from $4.35 million in 1999. Luxell Technologies Inc. is a publicly traded company with its common shares quoted on the Canadian Venture Exchange under the symbol "Lux". Statements contained in this press release, other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. The Breakthrough Elegance of Black Layer Luxell's patented black layer technology solves the problem of reflection and contrast that all flat-panel displays face better than any other solution available. Manufacturers of electronic displays deal with the problem by either boosting the brightness of the screen or by laying a light filter over it. Increased brightness leads to eye fatigue, especially in environments where users must spend a lot of time monitoring information displayed on screens. A filter improves contrast and reduces reflection but creates other problems. It degrades imagery because it eliminates some of the light emitted by the display. And it adds to cost and weight because it is a separate attachment. The black layer, on the other hand, is one of the microscopically thin layers that make up the display - no add ons or extra weight. It is positioned behind the light-generating layer and therefore improves display imagery. It eliminates reflection by optically interfering with incoming light so that it is virtually invisible when reflected out. The solution is elegant and effective. It makes display imagery more crisp and readable by providing a jet-black backdrop for it. Black layer's contrast-improving quality also lengthens the life span of displays. This is an important feature for an organic electroluminescent (OEL) display. Black layer in effect serves as an enabler for an OEL technology because it extends its life by reducing the need for brightness and power. This makes it a more competitively superior technology, one that simply looks better. Black layer is an enabling technology that should help accelerate the emergence of flat-panel displays in every segment of the electronic display market. Only Luxell provides it.