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XPEL Paint Products Protect World Land Speed Record-setting Car

Published On 7/31/2006

XPEL PAINT PRODUCTS PROTECT WORLD LAND SPEED RECORD-SETTING CAR

- Honda Racing Formula One Team - - 246.9 Miles Per Hour Two-Way Average (397.3 kph) - - Three New World Records Set on Bonneville Salt Flats -

SAN ANTONIO, TEXAS, July 31, 2006...XPEL Technologies Corp. (TSXV: DAP.U) announced today that its Paint Products protected Honda Racing Team's recent world land speed record-breaking run in a Formula One car at the Bonneville Salt Flats of Utah during the week of July 17, 2006. John Digby, Honda's Formula One Team Manager for the event, stated, "The performance of the XPEL product was quite impressive. There were no worries about the installation, as each piece was computer-cut for an exact fit, and the protection was incredible. Through more than six days of running at high speeds on the salt flats, our car sustained absolutely no damage. We simply cleaned off the salt and started another top-speed run, knowing that the carbon fiber body and various suspension parts were completely protected." XPEL Vice President Paul Costas (in photograph below), further added, "With support from our U.K.-based distributor Paintshield Ltd., the vehicle's frontal areas were completely covered with XPEL Paint Protection kits before Honda attempted the record. After nearly a week of the car running in the harshest of environments at very high speeds, not a single component of the kits needed replacing. The vehicle's paint and signage were completely intact and totally unharmed."
Please click here to view video of the Honda Formula One Car. For Honda Race Team notes during the event, please visit www.bonneville400.com. XPEL Technologies Corp. (www.xpel.com) is the worldwide leader in the electronic delivery of top automotive aftermarket products, utilizing the Internet as an integral component for its design, manufacturing, distribution and customer relationship strategies. The Company's DAP software utility offers Dealers the industry's most efficient and productive tool set for better serving customers with "best of breed" solutions in real-time. XPEL has clear advantages over the competition through its proprietary corporate framework consisting of an expansive library of installation-friendly window tint, paint and headlight protection products, coupled with a unique web-based remote manufacturing and distribution software, superior installation training curriculum and facilities, and established and growing sales distribution channels. The TSXV has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.
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Company Contact: Ryan Pape Chief Executive Officer 210-678-3700
Investor Relations: John Nesbett/Jennifer Belodeau Institutional Marketing Services (IMS) (203) 972-9200 jnesbett@institutionalms.com