SDI Appoints Keith Morrison Chairman of the Board
May 05 2014 - 6:35AM
Business Wire
NEWS RELEASE SUBMITTED BY BUSINESS WIRE
FOR: Security Devices International Inc.
TSX VENTURE SYMBOL: SDZ
(TSX-V:SDZ) (OTCBB:SDEV)
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
ammunition.
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.
For additional information:Allen EZER, 202-351-1633 (U.S.A.)T:
416-453-7798 (Canada)Exec. VPwww.securitydii.com
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