EXO U Inc. Named SIIA Education CODiE Award Finalist for Best Post-secondary Learning Content Solution and Announces Grant of Options
MONTREAL, April 7, 2016 /PRNewswire/ - EXO U Inc. ("EXO U" or the "Corporation") (TSXV: EXO), a software development company, today announced that Ormi, the Company's mobile device teaching platform for schools, was named a finalist for the 2016 SIIA CODiE Awards (the "CODiE Awards") in the Best Post-secondary Learning Content Solution category. The CODiE Awards are the premier awards for the software and information industries and have been recognizing product excellence for over 30 years. The CODiE Awards include 91 categories that are organized by industry focus of education technology and business technology. Ormi was named as one of the 160 finalists across 29 education technology categories.
Winners will be announced during a virtual award ceremony on May 18th. The top honor of best overall educational product will be presented at the Education Industry Symposium, the nation's leading education technology conference, in Denver on July 26th.
Ormi (meaning "momentum" in Greek) was engineered with the natural classroom experience in mind – to minimize steps and eliminate common interruptions, thereby preserving the teacher's focus and flow so that students stay engaged. With beautifully simple content sharing and collaboration capabilities, Ormi quickens BYOD (bring your own device) integration into instruction.
"We are delighted to be a finalist in the prestigious CODiE Award Process for 2016" said Kevin Pawsey, CEO of EXO U. "Having been lucky enough to be a winner with previous companies and products, I know this recognition will greatly help Ormi's position in the higher education marketplace to compliment the traction we are seeing in K-12 with our distribution partners in the United States and Europe."
Mr. Pawsey added: "We have worked diligently to understand the needs of instructors and students in post-secondary and K-12 education and I think this attention to providing the right tools for the right activity is reflected in the judges' positive comments. I am proud of the entire EXO U team for working so diligently in the last five months to build a great product and now seeing that translate into a really relevant solution."
"Every year the list of CODiE Award finalists is a case study of how the ed tech industry is using new technologies in combination with knowledge about how people learn to respond to customer needs. They're opening doors for learners of all ages." said Karen Billings, vice president and managing director of Education Technology Industry Network.
Details about each finalist are listed at http://www.siia.net/codie/Finalists
Grant of Options
The Corporation is also pleased to announce that its board of directors has granted options to purchase an aggregate of 1,107,976 common shares of the Corporation to certain employees of EXO U, including an executive officer, pursuant to the Corporation's stock option plan. The options are exercisable at a price of $0.165 per common share of the Corporation for a period of five years following the date of grant. The options will vest one third at the end of six months, another third at the end of one year and the final third at the end of eighteen months, all from the date of grant.
About EXO U
EXO U's shares trade on the TSX Venture Exchange under the ticker symbol EXO. EXO U develops an innovative software platform which enables businesses and educational institutions to securely mobilize and manage their mobile workforce and students by delivering engaging experiences spanning desktop and mobile applications. At the core of EXO U's platform is the smart and agnostic EXO engine that unifies multiple software platforms, allowing devices to interact and communicate seamlessly together. For more information, visit http://www.exou.com and follow us on Twitter @exo_u.
About SIIA
SIIA is an umbrella association representing 800+ technology, data and media companies globally. Industry leaders work through SIIA's divisions to address issues and challenges that impact their industry segments with the goal of driving innovation and growth for the industry and each member company. This is accomplished through in-person and online business development opportunities, peer networking, corporate education, intellectual property protection and government relations. For more information, visit siia.net.
About ETIN
ETIN (the Education Technology Industry Network of SIIA) is the leading voice for 200+ companies that provide software applications, digital content, online learning services and related technologies across the PK-20 sector. ETIN drives growth and innovation within the industry by providing leadership, advocacy, business development opportunities, government relations and critical ed tech market information. For more information, visit siia.net/etin.
Cautionary Note Regarding Forward-Looking Information
Certain statements included herein, including those that express management's expectations or estimates of EXO U's future performance or future events, constitute "forward-looking information" within the meaning of applicable securities laws. Such forward-looking information and statements are often, but not always, identified by the use of words such as ""plans", "expects", "estimates", "intends", "anticipates", or "believes", or variations of such words and phrases (or the negative form thereof) or statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic, regulator and competitive uncertainties and contingencies that could cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. For additional information with respect to certain of these and other assumptions and risk factors, please refer to EXO U's management's discussion and analysis for the year ended March 31, 2015, available under the Company's profile on SEDAR at www.sedar.com. Forward-looking information contained herein is presented as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements.
SOURCE EXO U Inc
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