MONTREAL, April 7, 2016 /CNW/ - EXO U Inc. ("EXO
U" or the "Corporation") (TSXV: EXO), a software
development company, today announced that Ormi, the Company's
mobile device teaching platform for schools, was named a finalist
for the 2016 SIIA CODiE Awards (the "CODiE Awards") in the Best
Post-secondary Learning Content Solution category. The CODiE Awards
are the premier awards for the software and information industries
and have been recognizing product excellence for over 30 years. The
CODiE Awards include 91 categories that are organized by industry
focus of education technology and business technology. Ormi was
named as one of the 160 finalists across 29 education technology
categories.
Winners will be announced during a virtual award ceremony on
May 18th. The top honor of
best overall educational product will be presented at the Education
Industry Symposium, the nation's leading education technology
conference, in Denver on
July 26th.
Ormi (meaning "momentum" in Greek) was engineered with the
natural classroom experience in mind – to minimize steps and
eliminate common interruptions, thereby preserving the teacher's
focus and flow so that students stay engaged. With beautifully
simple content sharing and collaboration capabilities, Ormi
quickens BYOD (bring your own device) integration into
instruction.
"We are delighted to be a finalist in the prestigious CODiE
Award Process for 2016" said Kevin
Pawsey, CEO of EXO U. "Having been lucky enough to be a
winner with previous companies and products, I know this
recognition will greatly help Ormi's position in the higher
education marketplace to compliment the traction we are seeing in
K-12 with our distribution partners in the United States and Europe."
Mr. Pawsey added: "We have worked diligently to understand the
needs of instructors and students in post-secondary and K-12
education and I think this attention to providing the right tools
for the right activity is reflected in the judges' positive
comments. I am proud of the entire EXO U team for working so
diligently in the last five months to build a great product and now
seeing that translate into a really relevant solution."
"Every year the list of CODiE Award finalists is a case study of
how the ed tech industry is using new technologies in combination
with knowledge about how people learn to respond to customer needs.
They're opening doors for learners of all ages." said Karen Billings, vice president and managing
director of Education Technology Industry Network.
Details about each finalist are listed at
http://www.siia.net/codie/Finalists
Grant of Options
The Corporation is also pleased to
announce that its board of directors has granted options to
purchase an aggregate of 1,107,976 common shares of the Corporation
to certain employees of EXO U, including an executive officer,
pursuant to the Corporation's stock option plan. The options are
exercisable at a price of $0.165 per
common share of the Corporation for a period of five years
following the date of grant. The options will vest one third at the
end of six months, another third at the end of one year and the
final third at the end of eighteen months, all from the date of
grant.
About EXO U
EXO U's shares trade on the TSX
Venture Exchange under the ticker symbol EXO. EXO U develops an
innovative software platform which enables businesses and
educational institutions to securely mobilize and manage their
mobile workforce and students by delivering engaging experiences
spanning desktop and mobile applications. At the core of EXO U's
platform is the smart and agnostic EXO engine that unifies multiple
software platforms, allowing devices to interact and communicate
seamlessly together. For more information, visit
http://www.exou.com and follow us on Twitter @exo_u.
About SIIA
SIIA is an umbrella association
representing 800+ technology, data and media companies globally.
Industry leaders work through SIIA's divisions to address issues
and challenges that impact their industry segments with the goal of
driving innovation and growth for the industry and each member
company. This is accomplished through in-person and online
business development opportunities, peer networking, corporate
education, intellectual property protection and government
relations. For more information, visit siia.net.
About ETIN
ETIN (the Education Technology
Industry Network of SIIA) is the leading voice for 200+ companies
that provide software applications, digital content, online
learning services and related technologies across the PK-20 sector.
ETIN drives growth and innovation within the industry by providing
leadership, advocacy, business development opportunities,
government relations and critical ed tech market information. For
more information, visit siia.net/etin.
Cautionary Note Regarding Forward-Looking Information
Certain statements included herein, including those that express
management's expectations or estimates of EXO U's future
performance or future events, constitute "forward-looking
information" within the meaning of applicable securities laws. Such
forward-looking information and statements are often, but not
always, identified by the use of words such as ""plans", "expects",
"estimates", "intends", "anticipates", or "believes", or variations
of such words and phrases (or the negative form thereof) or
statements that certain actions, events or results "may", "could",
"would", "might", or "will" be taken, occur or be achieved.
Forward-looking information is necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant
business, economic, regulator and competitive uncertainties and
contingencies that could cause actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. For additional information with
respect to certain of these and other assumptions and risk factors,
please refer to EXO U's management's discussion and analysis for
the year ended March 31, 2015, available under the Company's
profile on SEDAR at www.sedar.com. Forward-looking information
contained herein is presented as of the date of this news release
and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results, except as may be required by applicable
securities laws. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers are cautioned not to place undue
reliance on these forward-looking statements.
SOURCE EXO U Inc