SENSIO Technologies Inc.
TSX VENTURE : SIO

SENSIO Technologies Inc.

June 01, 2011 08:00 ET

SENSIO Issues Stock Options to Co-Founders

Replacement of now expired options granted at the time of original IPO

MONTREAL, QUEBEC--(Marketwire - June 1, 2011) - SENSIO Technologies Inc. (SENSIO) (TSX VENTURE:SIO) today announced that its Board of Directors has granted to each of the co-founders of the company 250,000 stock options at an exercise price of $0.70 per share, being the closing price of the common shares of the Corporation as of May 31st, 2011 including a markup. This closing price was $0.65 and the markup represents 7.69%. The exercise price of the issued stock options represents a premium of 40% above the exercise price of the 250,000 options each previously held by Nicholas Routhier, President and CEO, and Richard LaBerge, Executive Vice-President and Chief Marketing Officer, which expired on May 31, 2011 and whose exercise price was $0.50. The grant is made pursuant to the terms of the Stock Option Plan of SENSIO currently in effect.

"When we founded SENSIO 12 years ago, the 3D industry was still just a concept," said the two executives in a joint statement. "Much has been accomplished since: We've built a network for the broadcast of live 3D events in cinemas and have been instrumental in major events like the BCS Bowl, the NBA All-Star games and the 2010 FIFA World Cup to name but a few. On the consumer electronics front, we became the first proprietary format to be embedded in 3DTVs, those of the #1 LCD TV seller in the USA, and SENSIO® Hi-Fi 3D technology is now widely available through major chip vendors worldwide. As 3D in the CE industry is only in its infancy, there is still much work to do to and the company continues to focus on our vision of the widespread adoption of 3D. As founders, managers and shareholders of SENSIO, we remain committed to building the company and exceeding shareholders' expectations, and conserving our personal holdings in the company embodies this commitment."

More information about SENSIO and its technologies is available at www.sensio.tv.

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).

SENSIO® is a registered trademark of SENSIO Technologies Inc.

This news release contains forward-looking statements that reflect the company's expectations with regard to future events. Actual events could differ significantly from those anticipated in this document.

Facebook: http://www.Facebook.com/SENSIO3D

LinkedIn:http://www.LinkedIn.com/company/337733

Twitter: http://twitter.com/SENSIO3D

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.

Contact Information