Transaction to Take LOREX Technology Inc. Private by FLIR Systems,
MARKHAM, ONTARIO -- (Marketwire) -- 12/20/12 -- LOREX Technology Inc.
(TSX VENTURE:LOX) ("LOREX") is pleased to announce that FLIR Systems,
Inc. has concluded the acquisition (the "Transaction") of LOREX and
has acquired all of the outstanding common shares of LOREX (the
"Common Shares") for cash consideration of CAD $1.30 per Common
Share. As a result of the completion of the Transaction, the Common
Shares of LOREX will be delisted from the TSX Venture Exchange.
For shareholders who held their Common Shares through a broker, the
payment of the consideration will be processed through their broker.
For shareholders who held their Common Shares in registered form, the
payment of the consideration will be processed after they deposit
their share certificates with Equity Financial Trust Company, the
depositary for the Transaction, in accordance with the instructions
in the Letter of Transmittal mailed to shareholders. Any questions
regarding payment of the consideration, including any request for
another form of Letter of Transmittal, should be directed to the
depositary via telephone at 1 (866) 393-4891 (toll free in North
America) and (416) 361-0152 (Overseas) or via email at
The Letter of Transmittal and the management information circular of
LOREX dated November 12, 2012 that contains details regarding the
Transaction can be found under LOREX's profile at www.sedar.com.
ABOUT LOREX TECHNOLOGY INC.
LOREX Technology Inc. provides businesses and consumers with leading
edge video surveillance security solutions and sells its products
under the LOREX and Digimerge brands. The LOREX brand, which caters
to both small business and consumer markets, is available in
thousands of retail locations across North America. The Digimerge
division distributes its products through major distributors in North
America. Both brands concentrate on the sale of wired, wireless and
IP security surveillance and monitoring equipment including cameras,
digital video recorders and all-in-one systems.
LOREX Technology Inc.
Chief Financial Officer
(905) 946-8589, ext. 168
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