MONTREAL, QUEBEC -- (Marketwired) -- 05/07/13 -- SENSIO Technologies Inc. ("SENSIO" or "the Company") (TSX VENTURE: SIO), announced today the execution of a 12-month service agreement with Hayden IR ("Hayden") whereby Hayden will provide investor relations. Hayden will, among other things, provide advice on SENSIO's corporative communications, support its positioning, distribute the Company's communications to networks of investors as well as, if required, manage communications with investors for the American market.
Hayden has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 150 micro- and small-cap companies. The senior team at Hayden has provided advisory services for more than 200 public companies collectively during their careers.
In exchange for its services, Hayden was granted 125,000 stock-options as of May 1st, 2013, at an exercise price of 0.18$, conditional upon TSXV approval. The options will vest each quarter in equal tranches of 31,250 options over the twelve month period following the grant. In the event of termination of the Agreement, the options vested as at the date of such termination will expire at the earliest of (i) a three year period following the date of grant; and (ii) 30 days following the date of the termination of the agreement. Furthermore, the outstanding stock options that have not vested as at the date of termination of this Agreement may no longer become vested and shall become null and void without further consideration. In addition to the grant of options, Hayden will be paid monthly consulting and services fee in the amount of $5,000 USD. The contract can be terminated by SENSIO upon 10 days' notice and is subject to approval of the TSX Venture Exchange.
For more information on SENSIO and its technologies www.sensio.tv
About SENSIO Technologies Inc. (SENSIO):
SENSIO Technologies Inc. (www.sensio.tv) 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.
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.
About Hayden IR
Hayden IR provides clients with strategic services in investor relations and corporate communications. Our staff of communications professionals have decades of investor relations and finance expertise. Through more than 10 years in the micro- and small-cap IR industry, we have built solid relationships with virtually every investor in this space. For more information on Hayden IR: www.haydenir.com
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.
Chief Financial Officer
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