VICTORIA, March 29 /CNW/ - Streetlight Intelligence Inc. ("SLQ") is pleased to announce the grant of options to purchase 2,380,000 common shares to various directors, officers, employees and consultants of SLQ. The stock options permit each individual to purchase common shares of the SLQ over a term of five (5) years at an exercise price of $0.15 per share. The options awarded to the directors of SLQ vest immediately. The options awarded to officers, employees and consultants of SLQ vest at a rate of one-third immediately, one-third on March 25, 2011, and the final one-third on March 25, 2012. Any common shares issued upon exercise of the options are subject to a hold period expiring on July 25, 2010.
About Streetlight Intelligence Inc.
Streetlight Intelligence Inc. develops advanced street light optimization systems - and was recently recognized as the "New Technology of the Year" at the British Columbia Hydro 2009 Power Smart Excellence Awards. Trademarked as Lumen IQ(TM), SLQ's technologies provide improved lamp performance, adaptive lighting control, and system-wide communications for centralized street light management. SLQ's systems enable street light operators to significantly reduce their community's energy consumption, maintenance costs and environmental impact.
SLQ is a public company listed on the TSX Venture Exchange under the symbol "SLQ".
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 and accuracy of this release.
SOURCE STREETLIGHT INTELLIGENCE INC.
For further information: For further information: visit www.StreetlightIQ.com or contact: Vincent Krynski, Chief Executive Officer, (403) 571-2412, vkrynski@StreetlightIQ.com; D. Mark Alenius, CA, Chief Financial Officer, (403) 803-7390, malenius@StreetlightIQ.com