FORT WORTH, Texas, March 26, 2013 /PRNewswire/ --
Elbit Systems of America, LLC, a wholly-owned subsidiary of Elbit Systems, Ltd., has contracted with Laser Light Engines, Inc. (LLE), the leader in laser illumination for high brightness digital projection, to manufacture the LLE DSG-265™, a high-powered, solid state de-speckled GREEN laser module that is revolutionizing the way movies are watched. LLE's "universal" architecture enable its systems to plug and play with new projection systems or can upgrade tens of thousands of existing installations, enabling both companies to explore an exciting new marketing opportunity.
"This partnership with a world-class laser manufacturer is a major step forward in the commercialization of laser-based digital projection," said Bill Beck, founder and EVP of Business Development at Laser Light Engines. "LLE's laser engines are rapidly gaining acceptance in the projection industry because of the outstanding image quality and lower cost of ownership our technology enables. Now, with ESA's high-volume, precision manufacturing capabilities supporting us, we are well positioned to meet the growing demand for laser illumination systems for 2D and 3D Digital Cinema, digital signage, and other laser illumination applications worldwide."
Until now, illumination for digital projectors has been delivered by fifty year-old technology: high pressure Xenon gas discharge lamps that are costly to use, expensive to replace, and do not provide consistent, controllable light. The new LLE DSG-265 laser will be incorporated into a complete red/green/blue (RGB) laser illumination system that replaces traditional high pressure gas discharge lamps with a solid-state, digitally controllable light source, capable of producing dramatically brighter and sharper images, with less energy use and a much lower total cost of ownership (TCO). The DSG-265's unique design and construction provide fiber-delivered, high-power, de-speckled green light output from a compact integrated module.
"We are excited to be partnering with LLE to develop the manufacturing process for this efficient, solid state laser," stated Raanan Horowitz, President and CEO of Elbit Systems of America. "Being on the cutting-edge of this new laser technology offers a robust opportunity for both companies. With over 32 years of experience in manufacturing innovative lasers for defense and commercial customers, we stand ready to support LLE's manufacturing, technical, and logistic needs."
PHOTO CUTLINE: (CFreise and LLE CEO (2).jpg) From left to right: Clark Freise, Elbit Systems of America, Vice President, SEO and John O'Hara, LLE President and CEO demonstrate the LLE DSG-265™. (Photo courtesy of Elbit Systems of America)
About Laser Light Engines
Laser Light Engines (LLE) is the leader in laser illumination for performance digital projection, such as 3D cinema, large venue, and rental/staging. LLE's laser illumination systems replace the traditional high pressure gas discharge lamp, producing dramatically brighter and sharper images, with less energy use and lower costs. LLE's universal engine can plug-and-play with new projection systems, or retrofit tens of thousands of installations worldwide. Partnerships with key industry players, a portfolio of patented technology and expertise, and a multi-year head start in building laser light systems, all combine to make Laser Light Engines the leader in this large and rapidly emerging market. The venture-funded company was founded in 2008 and is headquartered in Salem, New Hampshire, USA. For additional information, visit: http://www.laserlightengines.com
About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high performance products and system solutions focusing on the commercial aviation, defense, homeland security, and medical instrumentation markets. With facilities throughout theUnited States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States.Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ and TASE: ESLT), a global electronics company engaged in a wide range of programs for innovative defenseand commercialapplications. For additional information, visit: http://www.elbitsystems-us.com.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios.The Company also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services. For additional information, visit: http://www.elbitsystems.com.
Trademarks
Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Laser Light Engines, LLE and Laser6P are trademarks of Laser Light Engines, Inc. All other trademarks and registered trademarks are the property of their respective holders. Copyright © 2013 Elbit Systems of America. All rights reserved.
Forward Looking Statement
This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward Looking Statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.
Contact: Shari Clarkson, +1-682-286-2363, sharon.clarkson@elbitsystems-us.com
LLE contact: Pamela DiMarzio Nelson,+1-978-337-3153,pnelson@laserlightengines.com
SOURCE Elbit Systems of America
