Lyrtech Awarded Contract for Up to $8 Million for the Delivery of Circuit Processors

Quebec City, Quebec, November 8, 2007 - Lyrtech Inc. (« Lyrtech » or the « Company ») (TSX-V: LYT), a worldwide leader in digital signal processing ("DSP") technologies with state-of-the-art EMS facilities, today announced it has been awarded a contract for up to $8 million over 12 months to supply circuit processors and engineering services to a customer in the global Security industry. Under terms of the agreement, Lyrtech will initially receive $4 million for the manufacturing of units and provision of warranty services, with the potential for an additional $4 million to be received if all options are exercised. It is expected that up to twenty jobs will be created to fulfill this contract and revenue recognition will commence in January 2008.

"We believe this customer order demonstrates the strategic benefits and value creation our Innovator Division provides. Our ability to work with difficult prototype designs and production requirements, along with our many years of experience in providing these services proved key in winning this contract," said Miguel Caron, President and CEO of Lyrtech. "With this order we believe that we will be in a better position to report positive earnings in fiscal 2008."

About Lyretech inc.

Lyrtech is a worldwide leader in digital signal processing ("DSP") technologies with state of the art EMS facilities. The Company develops and manufactures advanced digital signal processing solutions for companies worldwide, a vital technology to network and Wireless communications, audio and Video processing, as well as electronic systems in all fields of technology. Lyrtech offers a full range of DSP-FPGA development platforms, as well as design, prototyping, and manufacturing of electronic products through its Innovator division.

Lyrtech works in partnership with industry leaders such as Texas Instruments, The MathWorks, and Xilinx. Lyrtech's customers include many prestigious names of the consumer electronics, telecommunications, aerospace, and defense fields such as BAE Systems, Defence Research and Development Canada (DRDC), the European Aerospace Defence and Space Company (EADS), Fujitsu, Harris, ITT, Motorola, Neural Audio, NTT DoCoMo, and Samsung-Thales. For more information please visit www.lyrtech.com.

Forward Looking Statements

Certain statements made in this press release regarding Lyrtech's future operations, expected financial position, future revenues, projected costs, prospects, plans and objectives are forward-looking statements. These forward-looking statements, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. Lyrtech considers the assumptions on which these forward-looking statements are based to be reasonable at the time they were prepared, but cautions that these assumptions regarding future events, many of which are beyond Lyrtech's control, may ultimately prove to be incorrect. Factors and risks which could cause actual results to differ materially from current expectations are discussed in Lyrtech's annual report for the year ended December 31, 2006. Lyrtech disclaims any intention or obligation to update or revise any forward-looking statements. For additional information on risks and uncertainties relating to these forward-looking statements, investors should consult Lyrtech's ongoing filings, including its most recent annual report, found on SEDAR at www.sedar.com

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

For more information:

For more information:

Miguel Caron

President and Chief Executive Officer

Lyrtech Inc.

418-877-4644

miguel.caron@lyrtech.com

Alain Landry

Lyrtech Inc.

418-877-4644

alain.landry@lyrtech.com

Matthieu Cardinal

514-844-6054

mcardinal@equicomgroup.com

Media Relations

Marie-Claude Leroux

Morin Relations Publiques

514-289-8688 ext. 244

marieclaude@morinrp.com