TIR Systems Strengthens its Board with the Election of Two New Directors

• Greg Peet Brings Proven Entrepreneurial Leadership
• David Berkowitz Brings a Track Record of Creating Shareholder Value

February 27, 2006, Vancouver, BC - TIR Systems Ltd., a world leader in enabling technologies for LED-based Solid State Lighting (SSL) and the developer of the first fully integrated, Solid State Light source, the LEXELTM, announces that Greg Peet and David Berkowitz have been elected to TIR's Board of Directors.

"I am very pleased to welcome Greg and David to TIR's Board," said Leonard Hordyk, President & CEO, TIR Systems. "Each of them brings specific expertise that broadens the skill set of the Board, strengthening overall leadership and the quality of corporate governance which will contribute to the generation of shareholder value. Greg Peet is one of British Columbia's most recognized technology business leaders who understands how to create a world-class business, capable of competing and succeeding in a global market. Greg adds expertise in corporate finance, business development, operational management, and the creation of a customer-centric corporate culture. David Berkowitz is a seasoned venture capitalist with Ventures West, one of Canada's largest private venture capital firms, and brings a track record of creating shareholder value. We are fortunate to have both David and Greg join our team."

Mr. Peet was most recently the head of the McKesson Medical Imaging Group in 2002 after serving with A.L.I. Technologies Inc., since 1993, where he ultimately fulfilled the roles of President, CEO and Chairman. At McKesson, he grew annual revenues by 200% over two years to $100 million, entirely through internally generated growth. At A.L.I., Mr. Peet led the transformation of the business from a primarily R&D facility to a viable, commercial enterprise having a compounded, 10 year revenue growth rate of 67% and over 400 employees. Under his leadership, A.L.I. achieved recognition as one of British Columbia's best employers and for having the top rated medical imaging management product in virtually every industry survey from 2002 to 2004. In 2002, McKesson purchased A.L.I. for C$526 million in cash representing one of the largest cash purchases of a British Columbia technology company on record. In 2002, Mr. Peet was recognized as the Ernst & Young Pacific Entrepreneur of the Year and is a noted speaker on the development of a customer-centric business culture. He departed McKesson in 2004 and currently serves as an independent director on the Board of several companies including Angiotech Pharmaceuticals, Inc. (TSX:ANP)(NASDAQ:ANPI) and Vital Images, Inc. (NASDAQ NM:VTAL) and was recently appointed Co-Chair of the British Columbia Premier's Technology Council.

Mr. Berkowitz is a senior vice president at Ventures West where he leads investment activities in energy-related, technology companies. He began his venture career at Motorola New Enterprises and joined Ventures West in 1996, ultimately becoming a partner in 2003. Mr. Berkowitz has been actively involved in numerous startups including QuestAir Technologies Inc. (TSX:QAR)(LSE:QAR), and PolyFuel Inc. (LSE:PYF). He currently serves as a director on the Board of a number of North American companies.

About TIR Systems Ltd.

TIR Systems Ltd., a world leader in light enabling technology, 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.

This News Release contains forward-looking statements or information concerning the development, design and marketing of SSL technology and its expected impact on the Company's business. Forward-looking statements or information are statements about the future and include, but are not limited to, our success developing, designing and marketing the sales of our products or technologies in response to the continuing change in technology, evolving industry standards and changing customer preferences and requirements. Such statements or information are inherently uncertain, and the actual events or results could be materially different than those anticipated in those forward-looking statements as a result of numerous factors, including without limitation, our ability to successfully address these developments on a timely basis or at all; as well the other risks and uncertainties affecting the Company and its business, as contained in the Company's most recent Annual Information Form and other subsequent news releases and filings with the Canadian Securities Regulatory Authorities, any of which could cause actual events or results to vary materially from the Company's expectations. Forward-looking statements or information are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and the Company does not assume any obligation to update its forward-looking statements or information if those beliefs, opinions or expectations change, or there is new information or other circumstances should change.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.