LOX Lorex Technology

LOREX Technology Inc. (TSX VENTURE:LOX) ("LOREX") announced today that it has
obtained final court approval from the Ontario Superior Court of Justice
(Commercial List) of the previously announced proposed plan of arrangement (the
"Arrangement"), pursuant to which FLIR Systems, Inc. will acquire all the issued
and outstanding common shares of LOREX. The Arrangement was approved by LOREX's
shareholders at the special meeting of shareholders held on December 13, 2012.


Full details of the Arrangement and certain other matters are set out in the
management information circular of LOREX (the "Information Circular") dated
November 12, 2012. A copy of the definitive agreement, the Information Circular,
and other meeting materials can be found under LOREX's profile at www.sedar.com.


The Arrangement is expected to close on December 20, 2012.

FORWARD-LOOKING INFORMATION

This news release contains certain statements that may be deemed
"forward-looking statements." Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Forward-looking statements in
this press release relate to LOREX's completion of the Arrangement. The
forward-looking information reflects predictions and does not in any way reflect
a guarantee. Factors which could cause actual results to differ materially from
current projections include, among other things: the conditions in the
definitive agreement not being satisfied prior to the outside date of the
agreement including LOREX not obtaining approval of the TSX Venture Exchange.
LOREX cautions that this is not an exhaustive list of factors that may affect
the forward-looking information contained in this press release. Potential
investors and readers are urged to give careful consideration to all of these
factors in evaluating any forward-looking information and are cautioned not to
place undue reliance on such information. While LOREX believes that its
projections are reasonable, results predicted in this forward-looking
information may differ materially from actual results. LOREX disclaims any
obligation to update forward-looking information, except as may be required by
law.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
LOREX Technology Inc.
Eric Miller
Chief Financial Officer
(905) 946-8589, ext. 168
eric.miller@lorexcorp.com
www.lorextechnology.com

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