Voti Detection hires Stifel to review alternatives
2022-06-27 17:10 ET - News Release
Mr. Daniel Menard reports
VOTI DETECTION RETAINS STIFEL GMP TO IDENTIFY STRATEGIC ALTERNATIVES FOR COMPANY
Further to Voti Detection Inc.'s previous news releases in which it was announced that the company would be reviewing its available strategic alternatives, the company's board of directors has formally initiated a process to identify, examine and pursue strategic alternatives, and has re-engaged Stifel GMP to oversee the initiative with an eye toward maximizing operational efficiencies and charting the most accretive path forward to maximize shareholder value.
Today's announcement formalizes Voti's continuing decision to review all available alternatives as more specifically disclosed in the company's press release dated May 24, 2022. There is no guarantee as to the results of this endeavour.
About Voti Detection Inc.
Voti Detection, headquartered in Montreal, Que., and listed on the TSX Venture Exchange, is a leading-edge Canadian technology company that develops latest-generation X-ray security systems based on 3-D Perspective technology. Voti's technology produces remarkably sharp and more revealing X-ray images that are competitively superior while delivering enhanced threat detection capabilities and an improved user experience. Since its inception, Voti has installed scanners in more than 50 countries and has consulted heavily with government agencies and security specialists worldwide to develop feature-rich and easy-to-use scanners that meet the sophisticated needs of modern security screening operations.