SDI Appoints Karim Kanji to the Board of Directors
September 15 2014 - 7:13AM
Business Wire
(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.
Security Devices International Inc. (“SDI” or “The Company”) is
pleased to name Karim Kanji to the board of directors as an
independent member, effective immediately.
Mr. Kanji is a senior, global executive with a proven track
record in positioning companies for growth, profitability and
acquisition. Karim has shown an exceptional ability to build,
groom, mentor and mobilize leadership in order to capture and
sustain growth. His experience has been focused on engineering
based technology companies with a broad knowledge in the
industrial, energy, transportation and healthcare sectors.
Karim’s wide-ranging competencies include macro corporate
strategies, operational planning, M&A tactics, paths for
growth, product development, cost reduction, cash management, and
commercial / legal compliance.
Mr. Kanji’s tenures include; President and CEO Lumen Dynamics
(managed a successful sale of the company in November 2013),
President Clinicare/Chartcare IT Services (negotiated the company’s
divestiture in year-two of his contract), Executive Officer at
SEALS Ltd. a subsidiary of ICTS Europe Group (completed acquisition
and post closing activities - 2011), Vice President and Vice
President of Mergers & Acquisitions at Siemens Canada (total
revenue responsibility >$500 million), General Manager and
Finance Director Siemens Canada (with regional sales of $350
million), and has served on several boards of both public and
private entities.
Karim holds several degrees including his eMBA, MBA, CPA, CMA,
and his masters in law from Osgoode Hall.
Mr. Kanji’s wealth of practical experience will assist SDI well,
in the next phase of the Company’s growth.
Additionally, The Company has granted stock options to its
directors, and certain consultants to purchase up to an aggregate
of 1,875,000 common shares in the capital stock of the Company,
exercisable for a period of 5 years, at a price of $0.40 CDN per
share. The options will vest immediately. The grant of options
remains subject to approval by the TSX Venture Exchange.
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.
Security Devices International Inc.Allen EZER, 905-582-6402Exec.
VPC: 416-453-7798www.securitydii.com
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