Security Devices International Inc. (“SDI” or “The Company”) is a
defense technology company specializing in the development,
manufacturing and sale of innovative, next generation non-lethal
As per Security Devices International Inc.’s 2014 Annual Meeting of
Stockholders, which was held on April 30th, the Company’s
shareholders have approved all of the proxy proposals. Of note, the
approval of the “2013 Plan”, which consolidated the prior Incentive
Stock Option Plan, a Non-Qualified Stock Option Plan and a Stock Bonus
Plan into a sole Incentive Arrangement Plan was granted. In conjunction
with the plan change, SDI is proud to announce the appointment of Keith
Morrison as Chairman of the Board.
Mr. Morrison is the CEO of Gedex Inc, a private Canadian technology
company that is developing the world’s most advanced dynamic gravity
gradiometry systems, which will be used by the global resource
exploration, military, homeland security and space related industries.
He is currently on the Board of Directors of Marengo Mining, a TSX
listed company with a Copper Deposit in Papua New Guinea. He was a
co-founder and CEO of Quantec Geoscience from 1986 until 2008, that
developed industry leading ground geophysical subsurface imaging
technologies and has completed more than 3000 resource projects around
the world. Keith has an undergraduate degree in Engineering Geophysics
from Queen’s University and has completed the ICD Director’s Education
Program at the University of Toronto Rotman School of Business. Mr.
Morrison’s extensive business experience and corporate governance focus,
will assist SDI in the next phase of the Company’s growth.
Additionally, the Board of Directors, along with the management team
wishes to thank Mr. Duane Parnham for his assistance through the initial
phases of SDI’s growth and help in becoming a TSX Venture Exchange
listed company. Mr. Parnham has fulfilled his championing role and was
not seeking re-election due to time constraints. The SDI team looks
forward to continued assistance in executing on the potential sales
avenues that have been initiated.
About Security Devices International
Security Devices International Inc. (SDI) is a defense technology
company specializing in the sale of innovative, next generation
non-lethal ammunition. The Company’s solutions are a safer alternative
to conventional crowd control devices currently in the marketplace, such
as bean-bags, batons, as well as both plastic and rubber bullets. SDI is
currently deploying their family of non-lethal ammunition to foreign
militaries, law enforcement, correctional services and homeland security
agencies across the globe.
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy any
securities of SDI in any jurisdiction.
Forward Looking Statement
The information in this news release includes certain information and
statements about management’s view of future events, expectations, plans
and prospects that constitute forward looking statements including
information with respect to the offering. Because of certain risks and
uncertainties and as a result of a variety of factors, the actual
results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking
statements. Although SDI believes that the expectations reflected in
forward looking statements are reasonable, it can give no assurances
that the expectations of any forward-looking statements will prove to be
correct. Except as required by law, SDI disclaims any intention and
assumes no obligation to update or revise any forward looking statements
to reflect actual results, whether as a result of new information,
future events, changes in assumptions, changes in factors affecting such
forward looking statements or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Copyright Business Wire 2014