MONTREAL, March 22, 2019 /CNW Telbec/ - VOTI Detection Inc. (TSXV: VOTI) ("VOTI" or the "Company") announces it has, between December 4, 2018 and February 13, 2019 inclusively, granted incentive stock options to certain of its executives and employees to acquire a total of 2,010,000 common shares of the Company pursuant to the Company's stock option plan (the "Option Plan"). The options are exercisable at a price of $2.99 per share. One-third of the options will vest on the one year anniversary of the date of grant and the balance will vest quarterly over two years thereafter. The options are subject in all respects to the terms of the Option Plan and the requirements of the TSXV. The granted options have been reserved for issuance pursuant to the Option Plan and are subject to, and cannot be exercised by their respective holders until, the Company's shareholders ratify the Option Plan, the TSXV approves the grants thereof, and the Company's shareholders approve such grants by way of disinterested shareholder approval in accordance with the policies of the TSXV, at a duly constituted meeting of shareholders.
About VOTI Detection VOTI Detection, headquartered in Montreal, Quebec, and recently listed on the TSX Venture Exchange, is a leading-edge Canadian technology company that develops latest-generation X-ray security systems based on 3D Perspective™ technology. VOTI's technology produces remarkably sharp and more revealing X-ray images that are competitively superior while delivering enhanced threat detection capabilities and an improved user experience. Since its inception, VOTI has installed scanners in more than 50 countries and has consulted heavily with government agencies and security specialists worldwide to develop feature-rich and easy-to-use scanners that meet the sophisticated needs of modern security screening operations. www.votidetection.com
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SOURCE VOTI Detection Inc.
For further information: Michael Ickman, Chief Financial Officer, (514) 782-1566, [email protected]