Avigilon Appoints Ric Leong as Chief Financial Officer and Announces Results of Annual General and Special Meeting

Leong brings extensive senior management experience with fast-growing public companies to Avigilon leadership team

VANCOUVER, June 25, 2015 /CNW/ - Avigilon Corporation ("Avigilon" or the "Company") (TSX:AVO), a leading global provider of end-to-end security solutions, today announced that Ric Leong has been appointed as Chief Financial Officer (CFO) of Avigilon effective July 1, 2015. Mr. Leong will succeed Avigilon's current CFO Wan Jung, who will continue to serve on the Company's Board of Directors.

Mr. Leong has been with Avigilon since July 2014 and currently serves as its Senior Vice President and Chief Accounting Officer. Mr. Leong has worked closely with Mr. Jung and Avigilon's Senior Management Team, leading the Company's accounting operations on a global basis, including public reporting, treasury, and financial planning and analysis. In addition, Mr. Leong was instrumental in the successful completion of the US$200 million credit facility announced in April. Prior to joining Avigilon, Mr. Leong served in several senior financial leadership positions at two large U.S.-listed public companies.

Mr. Jung has been acting as Interim CFO while the Company has been seeking a permanent successor.

"I'm very pleased to announce the promotion of Ric Leong to CFO. Over the past year I have worked very closely with Ric, who has proven himself as a natural leader and strong financial operator," said Wan Jung. "Ric will continue to play a vital role in the Company's long-term success as we execute our global growth strategy."

Mr. Jung has a long and successful history with Avigilon. He is one of the original founding shareholders of the Company and was Avigilon's first CFO, a position he held from start-up in 2004 through to 2012, and again as Interim CFO from 2014 to 2015. After stepping down as Avigilon's Interim CFO, Mr. Jung plans to retire from full-time work.

"Wan has played key roles in growing Avigilon, developing our culture of innovation and customer service, successfully completing our IPO, and positioning the Company for the future," said Alexander Fernandes, Avigilon's Founder, President, Chief Executive Officer and Chairman of the Board. "We are thankful for Wan's exceptional work and dedication to the Company, and for assisting with the smooth transition of Avigilon's CFO duties to Ric Leong."

The Company also announced the voting results for its Annual General and Special Meeting of shareholders held on June 25, 2015 in Vancouver, British Columbia. Shareholders voted in favour of all items of business before the meeting as follows:

Re-appointment of Auditor

Votes For

% For

Votes Withheld

% Withheld

23,891,951

99.80%

47,086

0.20%

Set the Number of Directors of the Corporation at Seven

Votes For

% For

Votes Against

% Against

23,875,913

99.74%

63,124

0.26%

Election of Directors

Nominee

Votes For

% For

Votes Withheld

% Withheld

Alexander Fernandes

22,880,405

99.50%

115,156

0.50%

Wan Jung

21,693,981

94.34%

1,302,509

5.66%

Bruce Marginson

22,875,642

99.47%

120,748

0.53%

Murray Tevlin

22,373,474

97.29%

623,016

2.71%

Larry Berg

22,732,430

98.85%

264,060

1.15%

Fred Withers

22,774,413

99.03%

221,977

0.97%

Mike McKnight

22,745,867

98.91%

250,623

1.09%

Share Split Resolution

Votes For

% For

Votes Against

% Against

23,494,273

98.14%

444,762

1.86%

Advance Notice By-Law Resolution

Votes For

% For

Votes Against

% Against

22,046,077

95.87%

950,414

4.13%

About Avigilon
Avigilon Corporation is defining the future of protection through innovative end-to-end security solutions. Avigilon's industry-leading HD network video management software, megapixel cameras, access control and video analytics products are reinventing the security market. Information about Avigilon can be found at www.avigilon.com.

Trademarks

AVIGILON, the AVIGILON logo, and other marks used herein are the registered or unregistered trademarks of Avigilon Corporation and its subsidiaries in Canada and other jurisdictions worldwide. Other product names mentioned herein may be the registered or unregistered trademarks of their respective owners.

Forward-Looking Statements

Certain statements contained in this news release, including all statements that are not historical facts, contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally include words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions. Forward-looking statements are not guarantees of future performance, actions or developments and are based on management's expectations and assumptions regarding historical trends, current conditions and expected future developments, as well as other factors that management believes are appropriate in the circumstances. Management has based the forward-looking statements herein on estimates and assumptions that it believes are reasonable at the current time. Actual results could, however, be substantially different due to the risks and uncertainties associated with and inherent to Avigilon's business, as more particularly described in the "Risk Factors" section of Avigilon's Annual Information Form dated March 3, 2015, which is available under Avigilon's profile on SEDAR at www.sedar.com. Although Avigilon has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Avigilon. Accordingly, readers should not place undue reliance on forward-looking statements. Avigilon undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained herein are qualified by this cautionary statement.

SOURCE Avigilon Corporation

For further information: Investor relations: Dennis Fong, Avigilon Corporation, T: (604) 629-5182 ext. 2515, dennis.fong@avigilon.com; Media relations: Stephanie Von Zuben, Avigilon Corporation, T: (604) 629-5182 ext. 2206, stephanie.vonzuben@avigilon.com

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