updated 10/4/2010 2:46:17 PM ET 2010-10-04T18:46:17

WEST SPRINGFIELD, Mass., Oct. 4, 2010 (GLOBE NEWSWIRE) -- Cyalume Technologies Holdings, Inc. (OTCBB:CYLU) announced today that it has entered into a strategic agreement with Fiocchi Ammunition USA, a world leader in the field of small-caliber ammunition, to develop and market ChemiTracer®, the world's first non-pyrotechnic shotgun tracer. ChemiTracer creates a daytime visible trace that travels with the cloud of the shot allowing shooters to instantly determine how to correct their aim. Cyalume and Fiocchi anticipate presenting the new ChemiTracer shotshell platform this fall with a planned full product launch in 2011.

The integration of Cyalume's innovative chemiluminescent light technology into the Fiocchi shotshell offers shotgun shooters an unparalleled training aid. The non-toxic, non-flammable, non-incendiary ChemiTracer shotgun shell dramatically enhances training capabilities for both the law enforcement and target shooting markets while eliminating all of the fire hazards and environmental issues associated with conventional tracer applications.

"We look forward to working with the leader in chemical light technology to bring to market innovative target shooting and hunting applications," said Carlo Fiocchi, Vice-President of Marketing and Sales, Fiocchi Ammunition USA. "The ChemiTracer is a transformational technological breakthrough which has the potential to revolutionize training for our shooters."

"Fiocchi, with its global reach and premium ammunition platform, was the ideal company to partner with to market this novel shotgun tracer," said Derek Dunaway, CEO of Cyalume Technologies. "We believe our unique military-grade chemiluminescent light technology will allow Fiocchi shooters around the world and at all levels to improve their shooting performance."

About Fiocchi

Fiocchi Ammunition USA is a subsidiary of Fiocchi Munizioni SpA of Lecco, Italy. A privately held company since 1876, Giulio Fiocchi and his brother Giacomo Fiocchi began as Giulio Fiocchi Enterprise. Following WWII, Fiocchi Munizioni SpA was formed and headquartered in Lecco, Italy. Fiocchi Munizioni SpA, held by Giulio Fiocchi Holdings, produces premium center-fire and shotshell ammunition for law enforcement, hunting and target sports. Globally recognized as the premier ammunition manufacturer, Fiocchi Ammunition USA was established in Ozark, MO in 1983. Fiocchi Munizioni Spa is headed by Stefano Fiocchi, President and CEO and Fiocchi Ammunition USA is headed by Pietro Fiocchi, President. The Fiocchi brand is highly recognized by law enforcement as well as professional and sport enthusiast shooters.

The Fiocchi Ammunition USA logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8102

About Cyalume Technologies

Cyalume Technologies is the world leader in the chemiluminescent industry providing dependable light for uses by militaries, police, fire and other public safety organizations in the U.S., NATO countries and the Middle East. Cyalume's chemical lights are depended on in emergencies such as blackouts, industrial accidents, acts of terrorism and natural disasters. Cyalume is the first to manufacture non-toxic, nonflammable, non-energetic and environmentally safe chemical light products. A full complement of Military grade Cyalume® brand, Industrial grade SnapLight® brand and Consumer grade SafetyBright® brand emergency lighting solutions are manufactured at its plant in West Springfield, MA.

The Cyalume Technologies Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8101

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