MONTREAL, QUEBEC--(Marketwired - Jan. 23, 2015) - SENSIO Technologies Inc. ("SENSIO" or the "Company") (TSX VENTURE:SIO) today announced the new composition of its Board of Directors following the Annual Meeting held earlier today in Montreal.
As a result of today's election, the Board of Directors has a new member, namely Gad Elmoznino. Mr. Elmoznino replaces Georges Karam, who left the Board at the end of his term. The Board of Directors now consists of:
- Mathieu Péloquin - Chairman of the Board and member of the audit committee
- Yvan Goineau - Director and Chairman of the Audit Committee
- Yann Paquet - Director and member of the Audit Committee
- Gad Elmoznino - Director
- Nicholas Routhier - Director, President and Chief Executive Officer
"In the last year, the contribution made by SENSIO's Board of Directors has been vital to the development and expansion of 3DGO!™ and we are very pleased to be able to continue to benefit from the expertise of the renewed team," said Nicholas Routhier, the Company's President and CEO. "The coming year will be a defining one for the future of 3DGO!™ and we are confident that with the team in place we have, we will be able to meet any challenges that arise."
Stock options
The Company announced today that effective January 23, 2015 its Board of Directors approved the grant of a total of 115,000 stock options to the Board members. These stock options entitle them to purchase an equivalent number of shares at a price of $0,155 per share, representing the closing price on January 22, 2015. The stock options will expire on January 23, 2020.
About SENSIO Technologies Inc. (SENSIO):
Founded in 1999, SENSIO Technologies Inc. (www.sensio.tv) is a pioneer in the 3D industry. Its vision, expertise and state-of-the-art solutions, based on diversified stereoscopic image-processing technologies, have been trusted by some of the biggest names in the broadcasting and consumer electronics sectors, as well as for live 3D events in cinemas, to power numerous industry firsts, initiate new business models and generate immediate revenue with a distinctive 3D offering.
SENSIO enables its clients to deliver the best possible 3D experience for the end-user through a broad portfolio of licensed products, based on quality, content, usability and compatibility. These include its flagship, award-winning technology, SENSIO® Hi-Fi 3D, the premium-quality frame-compatible format.
SENSIO's technologies are the object of patents and intellectual property protection proceedings worldwide. SENSIO is listed on the Toronto TSX Venture Exchange (SIO).
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