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
the United 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 defense and commercial applications. 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