Light Blue Optics Opens U.S. Operations

Light Blue Optics (LBO), the industry-leading developer of
holographic laser projection technology, today announced the opening
of its U.S. Operations with an Engineering and Business Development
facility in Colorado Springs, CO. The news follows LBO´s closure of a
$26 million Series A funding round in October 2007 and will further
accelerate the Company´s product development and commercialisation
programme to bring its miniature projection systems to high-volume
markets.

Dr. David Bolt recently joined LBO as the VP of Engineering,
responsible for all product engineering activities within LBO, and is
based in the Colorado Springs development facility. Having previously
worked for Philips Electronics and Plasmon, Dave brings with him 20
years of experience in working with global partners and managing
large, multi-disciplinary teams of engineers to deliver world-class
electro-optic products into volume production. Dave added, "I am very
excited to be joining LBO to lead the product development activities
of the Group. LBO has exciting and unique technology and we have
quickly managed to recruit a highly experienced development team in
Colorado that I believe can deliver our product roadmap to high-volume
market."

As part of the Company´s reorganisation for growth, LBO´s Director
of Business Development, Dr. Edward Buckley, is promoted to VP of
Business Development. Based in the Colorado Springs Development
Facility, Dr. Buckley will be responsible for all business development
activities in North America and Asia. Dr. Buckley explained, "My
relocation is in response to our customers´ requirements and will
strengthen LBO´s ability to build strategic relationships and key
development partnerships across North America and Asia."

Light Blue Optics´ CEO, Dr. Chris Harris said, "Our new
engineering and business development operations in Colorado Springs
bring great additional strength to the Group, enabling us to better
support our customers in North America and execute our fast-paced
product roadmap. The Colorado-based engineering team complements our
U.K. facility in Cambridge, which remains the centre for innovation,
new product concepts and European business development. The
establishment of LBO´s U.S. Operations is a critical step in the
development of the Company and we are now well positioned to deliver
on our vision of becoming the world´s leading supplier of miniature
projection systems."

LBO will be demonstrating its latest miniature projection systems
at CES 08 to customers, development partners and invited media from
Monday 7th January until Thursday 10th January.

Notes to Editors

Light Blue Optics (www.lightblueoptics.com)

Light Blue Optics (LBO) is a dynamic, privately-owned company,
developing miniature projection systems.

LBO´s patented holographic laser projection technology delivers
bright, full colour, high-quality video images that remain in focus at
all distances. The technology´s efficiency, small form factor,
robustness and cost advantages make it ideally suited for deployment
in multiple markets including automotive, digital signage and consumer
electronics.

LBO is funded by a group of investors including 3i plc., Earlybird
Ventures and Capital-E.

LBO will be demonstrating at CES 08 from Monday 7th January until
Thursday 10th January by invitation only.