Elbit Systems of America and Laser Light Engines Partner to Develop New High-Powered Laser for Display Applications

   Elbit Systems of America and Laser Light Engines Partner to Develop New
                 High-Powered Laser for Display Applications

PR Newswire

FORT WORTH, Texas, March 26, 2013

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
 
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