QUEBEC CITY, Jan. 11 – Lyrtech Inc. (TSX Venture Exchange: LYT), a worldwide leader in digital signal processing (DSP[
]) technologies, announced today that, over the last two months, it was awarded several new contracts by existing and new customers, including key business partners. These contracts are to provide new product designs and manufacturing services. Overall, the new contracts are valued at more than $2 million and are to be delivered during the first half of fiscal year 2006.
“Partners and customers choose to work with Lyrtech because of the breadth of our technology and services, and because we are intimately familiar with the challenges associated with new product design and the needs of business executives who support them,” said Miguel Caron, President and CEO of Lyrtech. “These contracts underscore the value of our business model and unique capabilities, which position us for success with customers of all sizes.”
The new contracts announced today by Lyrtech include projects with Defence Research and Development Canada, ITT, Northrop Grumman, LSI, NTT DoCoMo, and Texas Instruments.
As of December 31, 2005, the backlog of orders deliverable during fiscal year 2006 stands at $7.4 million, compared to $5.2 million at the same date last year.
About Lyrtech
In today’s world, digital signal processing technology is vital to network and wireless communications, audio and video processing, as well as defense and aerospace electronic systems. Lyrtech has more than 20 years of experience in the delivery of advanced digital signal processing solutions to companies worldwide. Serving clients across the Americas, Asia, and Europe, Lyrtech offers a full range of design, prototypes, and the manufacturing and delivery of DSP value-added products and services. These include DSP/FPGA[] development platforms, complete turnkey solutions, and custom electronic manufacturing services. The company works in partnership with industry leaders such as StarCore, Texas Instruments, The MathWorks, and Xilinx. Lyrtech delivers unsurpassed quality and support to its large OEM customer base, which includes many prestigious names such as BAE Systems, European Aerospace Defence and Space Company, Fujitsu, Harris, Honda, ITT, Neural Audio, Nokia, NTT DoCoMo, Samsung, and Sony.
