Transaction to Take LOREX Technology Inc. Private by FLIR Systems, Inc. Completed

MARKHAM, ONTARIO--(Marketwire - Dec. 20, 2012) - 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 investor@equityfinancialtrust.com.

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.