News:

Release - July 2005:
Organic Lighting Technologies signs ‘Mutual Development Agreement’ with Toko America Inc for the development of driver IC for white OLED Backlight.

Release - March 2005:
LUXELL TECHNOLOGIES INC (ticker: LUX.CA, exchange: Toronto Stock Exchange)
Luxell Signs Agreement with U.S. OLED Backlight Developer Texas Company Offers Powerful Solutions For The Mobile Display Marketplace TORONTO ? March 22, 2005 ? Luxell Technologies Inc. (TSX:LUX) announced today the signing of a joint development agreement with Organic Lighting Technologies (OLT), LLC of Austin Texas to develop an Organic Light Emitting Diode (OLED) white backlight device for enhancement of full colour LCD flat panel displays. OLT's innovative proprietary organic thin film processes and packaging techniques provide innovative backlighting solutions targeting the high volume manufacture of flat panel displays for mobile phones and other hand held and mobile devices.
Under the terms of the agreement, the parties plan to develop engineering prototype and production white OLED backlight devices. Through its in house state-of-the-art thin-film fabrication facility, Luxell will provide its infrastructure and expertise in flat panel display technology to complete the fabrication and testing of the OLED devices. OLT will contribute its white OLED backlight product design for full color small area and mobile phone LCDs.
OLT's processes significantly improve LCD color quality and brightness, reduce backlight manufacturing and assembly costs and produces a display that takes up less space in hand held/mobile devices where space is at a premium.
The key markets for the OLED backlight will target mobile phones, digital cameras, camcorders, personal digital assistants (PDAs), and defence and avionics applications. The companies expect to have a white OLED backlight assembly for full color LCD mobile phones available in Q3 2005.
The market for consumer automotive and industrial OLED flat panel display components is expected to grow to USD $3.0B by 2008. The full color mobile phone backlight market alone was worth over USD $2B in 2004. Luxell and OLT's strategic plan is to license and support technology transfer of the OLED backlight into commercial and military markets worldwide.
John Wright, Luxell's President and Chief Executive Officer commented, ?The synergy between Organic Lighting Technologies and Luxell interests is both compelling and of great potential value. Combined, we offer enabling technologies that may greatly accelerate the OLED presence into the mainstream of the flat panel display and lighting markets. The combined companies bring globally recognized expertise to the topic, backed by comprehensive intellectual property portfolios. I believe investors in both companies will be impressed with the outcomes of this venture.?
The combination of Luxell’s thin-film manufacturing expertise together with OLT’s innovative slim white OLED backlight, having superior color spectrum, brightness and brightness uniformity, will allow us to produce a backlight that solves the color gamut and brightness problems associated with current small area LCDs” said Chief Technology Officer of OLT, Dr. Munisamy Anandan.
Luxell has been selected as a top submission to present its flat panel display contrast enhancement and enabling OLED technologies, including details of its strategic partnership with OLT, at the upcoming World’s Best Technologies 2005 Showcase being held on March 29-30, 2005 in Arlington Texas.

About Organic Lighting Technologies:
Organic Lighting Technologies (OLT), LLC designs innovative OLED backlighting solutions for LCDs incorporating proprietary organic thin film processes and packaging techniques. Designed and developed for use in full color small area and mobile phone LCDs, OLT's white OLED backlight device, Alqalight?, is a major breakthrough in backlight technology, improving LCD color quality and brightness while decreasing overall depth. Organic Lighting Technologies is a privately held company headquartered in Austin, Texas.

About Luxell Technologies Inc:
Luxell Technologies Inc. is a leader in the design, manufacture and licensing of flat panel display technologies and solutions for defence, aerospace and consumer industries through its operating divisions Aktelux and Luxell Research.