January 5, 2005... Vancouver, British Columbia Canada ? TIR Systems Ltd., a world leader in light enabling technology, is pleased to announce the signing of a distribution agreement with The Robert Horne Group, one of a worldwide network of operating companies , 11 being in Europe, owned by PaperlinX Limited (ASX : PPT), Melbourne, Australia.
The agreement will see Cox Plastics, a division of The Robert Horne Group, sell TIR?s Solid State Lighting products, LightScriptTM and LightMarkTM, into the illuminated sign sales market in the UK, valued by the European Sign Federation at Euro 480 million, of Which neon is approximately 40%, or ? 197 million.
Cox Plastics is a leading supplier of plastics and other graphic materials to the UK sign and fabrication industries through a nationwide network of branches and logistics centers and has a 30-35% market share in the sign supply industry in the UK.
The agreement unites TIR?s expertise in designing and manufacturing Solid State Lighting products for corporate identity solutions with Cox Plastics? marketing, distribution and servicing network in the UK. The Company has placed an initial stocking order of $200,000.
?We are very pleased to have signed this agreement and opened up such a robust and receptive channel network in the UK,? Said Leonard Hordyk, President & CEO. ?During negotiations we found Cox to be as passionate and committed to the application of Solid State Lighting in corporate identity solutions as we are and we are looking forward to a fruitful partnership.?
With the UK sign industry now appreciating the advantages in brightness and reduced energy and maintenance requirements of LED-based lighting, we are seeing an increase in demand for LED-based products to replace neon,? said Dave Allen, Divisional Director Sign and Display Division, Robert Horne Group. ?As such we are delighted to have signed this agreement with TIR, a company we regard as world leaders in the development of Solid State Lighting.?
In anticipation of the agreement being signed the two companies have been working on a number of pilot projects, where multi-site outlet-based businesses in the UK see the inherent benefits of replacing neon with LED-based lighting.
About PaperlinX
PaperlinX Limited is a leading international paper merchant, with businesses in Australia, New Zealand, Asia, North America and Europe, including the United Kingdom and Ireland. Through its Australian Paper division, it is also the only Australasian producer of high quality communication papers, And a major producer of high performance packaging and industrial papers. The company reported a sales revenue of Aus$6.2 billion in the year ending 30th June 2004.
To find out more about PaperlinX Limited, visit http://
About The Robert Horne Group
The Robert Horne Group is the UKs largest paper, plastics and board merchant and part of PaperlinX Limited. The Robert Horne Group includes the following operating divisions: The Robert Horne Paper Co, Robert Horne Business Papers, Glenmore Business Papers, Cox Plastics, A&P Display And, Paragon Imaging Materials.
To find out more about The Robert Horne Group, visit: http://
About TIR Systems Ltd.
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 http://
For more information, please contact:
J. Caren Holtby
Investor Relations Manager
Tel: 604-473-2318
Email: caren.
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