SENSIO Technologies Inc.

SENSIO Technologies Inc.

December 30, 2013 08:30 ET

SENSIO Files its Proxy Circular for its Annual Meeting and Gives Information Concerning the Renewal of the Board of Directors

MONTREAL, QUEBEC--(Marketwired - Dec. 30, 2013) - SENSIO Technologies Inc. ("SENSIO" or the "Company") (TSX VENTURE:SIO) announces the filing today of its proxy circular for its annual meeting (the "meeting") of January 24 2014 with the Canadian securities regulatory authorities through the SEDAR Web site ( It is proposed that the number of Directors of the Company be reduced from eight to five and that the Board be composed of four independent directors and the President & Chief Executive Officer, instead of six independent directors and two officers, to reflect the governance requirements of the Company in regard to its size and its operations. The proxy circular provides information on the proposed candidates for the election of the Board of Directors following the evolution of 3DGO! and the new content distribution activities of the Company. For the purpose of continuity, the Company recommends the candidacy of Mr. Yvan Goineau, current Chairman of the audit committee, who, in the event of his election, would be reappointed as Chairman of the audit committee. In this context and with the exception of Mr. Goineau, the current independent directors of the Company have decided to step down in order to let new candidates take over.

"First, I would like to thank all my fellow Directors, who served the interests of the Company with integrity, diligence and dedication for all these years", said Mr. Jacques Malo, current Chairman of the Board of Directors of the Company. "I would like to congratulate them for the commitment and hard work they have shown all these years, especially over the last two years, to maintain our Company on track in a sometimes harsh financial and commercial environment. We are proud to have been able to contribute to the development of a Company that holds 14 patents recognized internationally, commercial agreements with leading players in the electronics market, a content distribution platform in the US and agreements with the biggest Hollywood studios. We are confident that this is an excellent base to allow the emergence of SENSIO. I would like to express my gratitude to the outgoing directors, Mr. St-Pierre, Mr. McDonald, Mr. Harrison and Mr. Laberge. I fundamentally believe that we are nominating excellent new candidates for the 2014 cohort. They will help the development the Company in its new operational context. "

If elected, it is anticipated that Mr. Georges Karam would replace Mr. Malo as Chairman of the Board.

  • For a number of years, Mr.Karam has been investing in emerging companies based in Canada and abroad. In 2003, Mr. Karam co-founded ATELKA Inc., a company specializing in managing client contacts which employs 2,500 people in seven cities across three continents and serves a worldwide clientele, where he acts as the Chief Executive Officer, and as such, manages the operations and sees to the development of the company. In 2005, Mr. Karam has been awarded a Flèche d'Or from l'Association du marketing relationnel and in 2012, he won the prestigious Entrepreneur of the Year awards in the Business-to-Business Products and Services category awarded by Ernst & Young. He is an investor in Anges Québec, guest speaker at the renowned École d'Entrepreneurship de Beauce and also contributes to several philanthropic causes.

To complete the independent directors, the following two new candidates are recommended:

  • Yann Paquet: Mr. Paquet has nearly 20 years of experience in the media industry. Since February 2013, he has been the vice-president of acquisitions at Contenu QMI. In this role, he is responsible for the acquisition of content for all TV channels and video on demand platforms for Québecor Média. Mr. Paquet was previously the vice-president of multi-platform content at Vidéotron. He also was the vice-president of digital media and strategic partnerships at Reader's Digest and principal director of new media for the French network of CBC/Radio-Canada.
  • Mathieu Péloquin: Mr. Péloquin has more than 15 years of experience as an expert in management and marketing and is the principal vice-president of marketing and communications at Stingray Digital. In this role, he is responsible for marketing strategy and communications for different product lines. Previously, Mr. Péloquin was vice-president of marketing for TC Media and vice-president of digital marketing solutions. He also held different executive positions at Reader's Digest Canada and co-founded Services Marketing Equinox. Mr. Péloquin holds a Bachelor of Business Administration from the School of Management of Université du Québec à Montréal and is also a Chartered public accountant and a certified management accountant.

The Board is in favour of the establishment of a new method of remuneration for Directors, which will enable the Company to use its funds for the development of 3DGO!

"On behalf of SENSIO, I would like to express my sincerest appreciation to the outgoing Directors for their contribution to the development of the Company over the last few years" said Mr. Nicholas Routhier, President & Chief Executive Officer of the Company. "I would like to highlight the contribution of Mr. Jacques Malo, who is at the forefront of the Board since the early years of the company. On behalf of SENSIO and myself, I would like to thank him for his unwavering support of the Company and for his invaluable contribution within the Board. His support has been crucial to the growth of our Company and we thank him for the trust he has shown towards a young visionary company, trust without which we would not have been able to start this Company nor make this Company an industry leader. "

About SENSIO Technologies Inc. (SENSIO):

SENSIO Technologies Inc. ( has been leading the floor in bringing 3D video to the consumer since 1999. 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 media and entertainment industries 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 products, including its flagship, award-winning technology, SENSIO® Hi-Fi 3D. Through SENSIO solutions, consumers can access - with effortless interaction and complete peace of mind - 3D content of superior quality to common frame-compatible formats distributed over existing infrastructure (cable, satellite or over IP) and displayed using any existing digital equipment (cinema, home cinema, TV, game consoles or PC). SENSIO is listed on the Toronto TSX Venture Exchange.

SENSIO® is a registered trademark of SENSIO Technologies Inc.

Caution Concerning Forward-Looking Statements:

Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements... As a result, we cannot guarantee that any forward-looking statement will materialize and readers are cautioned not to place undue reliance on these forward looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management's discussion and analysis of SENSIO for the quarter ended August 31, 2013. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.

Neither 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.

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