SOURCE: ViXS Systems Inc.

ViXS Systems Inc.

June 11, 2015 16:30 ET

ViXS Announces Results of Annual General Meeting

TORONTO, ON--(Marketwired - June 11, 2015) - ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, is pleased to announce the results of its 2015 Annual General Meeting of shareholders (the "Meeting") held in Toronto, Ontario today. At the Meeting, all Director nominees listed in the Company's Management Information Circular dated May 7, 2015 were elected as directors of the Company.

The detailed results of the voting at the Meeting were as follows:

       
Director Vote type Number of Votes Percentage of Votes
Brian Antonen For 25,791,645 82.47%
    
  Withheld 5,483,733 17.53%
    
Chris Bowick For 25,492,028 81.51%
    
  Withheld 5,783,350 18.49%
    
Peter Currie For 27,655,858 88.43%
    
  Withheld 3,619,520 11.57%
    
Tom Hearne For 27,646,958 88.40%
    
  Withheld 3,628,420 11.60%
    
Andrew Olson For 28,372,048 90.72%
    
  Withheld 2,903,330 9.28%
    
    
    

In addition, at the Meeting, shareholders appointed Ernst & Young LLP as auditors of the Company.

The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

About ViXS Systems Inc.
ViXS is the pioneer and market leader in designing revolutionary media processing semiconductor solutions for video over IP streaming solutions, with over 522 patents issued and pending worldwide, numerous industry awards for innovation, and over 33 million media processor shipped to date. ViXS is driving the transition to Ultra HD 4K across the entire content value chain by providing professional and consumer grade chipsets that support the new High Efficiency Video Coding (HEVC) standard up to Main 12 Profile, reducing bandwidth consumption by 50% while providing the depth of color and image clarity needed to take advantage of higher-resolution content. ViXS' XCodePro 300 family is ideal for Ultra HD 4K infrastructure equipment, and the XCode 6000 family of system-on-chip (SoC) products achieve unprecedented levels of integration that enable manufacturers to create cost-effective consumer entertainment devices.

ViXS is headquartered in Toronto, Canada with offices in Europe, Asia and North America. VIXS, the ViXS® logo, XCode®, XCodePro™, XConnex™ and Xtensiv™ are trademarks and/or registered trademarks of ViXS. Other trademarks are the property of their respective owners. For more information on ViXS, visit our website: www.vixs.com.

Forward-Looking Statements

Statements in this press release that are not historical facts constitute "forward-looking statements" within the meaning of applicable securities laws. Such statements include, but are not limited to, statements regarding ViXS' projected revenues, gross margins, earnings, growth rates, the impact of new product design wins, market penetration and product plans. The use of terms such as "may," "anticipated," "expected," "projected," "targeting," "estimate," "intend" and similar terms are intended to assist in identification of these forward-looking statements. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause ViXS' actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements.

Contact Information

  • For further information, please contact:

    Charlie Glavin
    ViXS Systems Inc.
    T: +1 416 646-2000
    cglavin@vixs.com

    Investor Relations
    ViXS Systems Inc.
    T: 1 416 646-2000 ext. 3
    Ir@vixs.com