SDI Signs Master Distribution Agreement and Appoints New Board Member
October 20 2016 - 7:46AM
Business Wire
(TSX-V:SDZ) (OTCBB:SDEV) – Security Devices International Inc.
(“SDI” or the “Company”) announced today the signing of a master
distribution agreement with Tac Wear Inc., and the appointment of
Karen Bowling to the board of directors.
SDI is pleased to announce that the Company has signed a
three-year master distribution agreement with Tac Wear Inc. (“TW”).
TW is a leading supplier to law enforcement, military, corrections,
and private security professionals in Canada and the US. SDI and TW
have developed a buy-sell arrangement where TW will distribute
SDI’s 40mm line of products through their distribution networks in
Canada, the US and internationally. In turn, SDI will sell and
distribute TW’s full line of tactical gear including body armor,
shields, helmets, boots, and holsters to their customer base and
through existing channels.
An additional arrangement between the two companies is a full
end-user training program that will be launched in both the US and
Canada in the first quarter of 2017.
Dean Thrasher SDI’s President & CEO states, “Signing a
master distribution agreement that includes a full training program
with Tac Wear, aligns our strategy to increase our product and
services footprint in the less-lethal sector. Tac Wear’s line of
gear is a premium brand that will contribute to broadening our
offerings to agencies looking for quality products from a single
source”.
The Company is also pleased to announce the appointment of Karen
Bowling to the board of directors.
Ms. Bowling brings more than 25 years of diverse executive
management experience to the board of SDI. Some of her skill-sets
include; government affairs, lobbying, public relations, government
procurement, marketing, communications, operations, and local and
state level legislation. Ms. Bowling has also spent part of her
career in the less-lethal sector for a long-range acoustic hailing
device company.
Karen's recent positions include; Public Affairs Director at
Foley & Lardner LLP, CEO at WiseEye AI, (an artificial
intelligence company focussed on the healthcare sector for CT scan
identification and classification), Chief Administration Officer
for the city of Jacksonville, FL (with a budget in excess of one
billion dollars and over 5,000 employees), and Co-Founder and CEO
of the Solantic Walk-In Urgent Care Centers. Ms. Bowling has sat on
and chaired numerous boards across a dozen sectors, and has
recently been Gubernatorial appointed to the board of the Florida
State College in Jacksonville.
“SDI welcomes Karen to our board. She brings a wealth of
operational, government and marketing experience to the company, as
well as having worked previously in the less-lethal sector”,
comments Mr. Thrasher.
Additionally, the Company has granted stock options to Ms.
Bowling to purchase up to 350,000 common shares in the capital
stock of the Company, exercisable for a period of 5 years, at a
price of $0.11 CAD per share.
About 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 beanbags, batons, as
well as plastic, wood and rubber bullets. SDI is currently
deploying their family of non-lethal munitions to law enforcement,
correctional services and homeland security agencies across the
globe.
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version on businesswire.com: http://www.businesswire.com/news/home/20161020005733/en/
Security Devices International Inc.Dean Thrasher, 905-582-6402
ext 104President & CEOwww.securitydii.com
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