Avigilon Opens New Office Near Boston's Technology Hub

Avigilon's Analytics and Data Science Center of Excellence to Focus on Recruiting Top Research and Development Talent

VANCOUVER, CANADA, Feb. 11, 2016 /CNW/ - Avigilon Corporation (TSX:AVO), trusted provider of business intelligence and security solutions, today announced the opening of its new office in Assembly Row, located outside of Boston in Somerville, Massachusetts. Somerville Mayor, The Honorable Joseph Curtatone will attend a ribbon-cutting ceremony to officially open the new office at noon EST on February 12.

Located in Boston's thriving technology community, Avigilon's Analytics and Data Science Center of Excellence aims to further the company's research and development efforts. In this new location, Avigilon will have access to top talent to further accelerate its innovation and growth plans.

"I am honored that Avigilon has chosen Somerville for its new office, which will provide the kinds of new business and job opportunities we are seeking as a community," said Mayor Curtatone. "Somerville is a city of innovation and innovators, and our commitment to technology innovation is evident in the numbers of businesses and organizations, like Avigilon, continuing to choose Somerville as their home. I am excited to welcome Avigilon to the thriving community of creative and rapid-growth organizations at Assembly Row."

"Avigilon continues to expand the boundaries of innovation in intelligence and security solutions. Our new office location is in close proximity to some of the world's leading universities in analytics and data science, and is poised to attract the area's best tech talent to support research and development," said Dr. Mahesh Saptharishi, Avigilon's Chief Technology Officer.

Avigilon will occupy nearly 33,000 square feet of the building for employees in Product Development and Product Management.

"We're very excited to welcome Avigilon to our ever-growing neighborhood," said Matt Ehrie, VP and General Manager of Assembly Row. "Avigilon now has an amenity rich, easily accessible location that is close to public transit, to draw the top talent they seek. They are a great addition to our growing mix of innovative companies that choose to office at Assembly Row."

About Avigilon

Avigilon Corporation, trusted provider of business intelligence and security solutions, develops, manufactures, and sells video analytics, network video management software and hardware, surveillance cameras, and access control solutions.

© 2016, Avigilon Corporation. AVIGILON and the AVIGILON logo are trademarks of Avigilon Corporation.

Forward-Looking Statements

Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting the opening of Avigilon's new office in Somerville, Massachusetts, Avigilon's ability to attract top research and development talent to work there, Avigilon's ability to develop new or improved security solutions, and the future growth of Avigilon's business.

Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, assumptions that: Avigilon's new office will open as scheduled, the new office will help facilitate Avigilon's efforts to attract and retain top talent to further Avigilon's research and development efforts, and an enhanced ability to attract and retain top talent will help further Avigilon's innovation and growth. 

Although management believes that the forward-looking statements are reasonable, actual results could 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. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to, unforeseen events, developments or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. 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 in this news release are qualified by this cautionary statement.

SOURCE Avigilon Corporation

For further information: Dennis Fong, Avigilon Corporation, T: (604) 629-5182, Ext 2515, investors@avigilon.com, www.avigilon.com


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