NYCE Sensors Closes Canaccord Genuity Pre-RTO Financing
Posted on : 2014-04-03
For Immediate Release:
NYCE Sensors Inc. (“NYCE” and the “Company”) is pleased to announce that the Company and Cannaccord Genuity have completed the NYCE Pre-RTO Brokered Private Placement Financing (the “Brokered Pre-RTO PP”) for gross proceeds of $500,000 plus an additional over-allotment of $210,000. Further to the Company’s News Release of December 11, 2013 (attached) closing of the Brokered Pre-RTO PP is a pre-condition in the Company’s path to becoming publicly traded on the TSX Venture Exchange in Canada. The Company would like to thank its shareholders for their continuing contributions to the RTO process.
NYCE Sensors Inc.
NYCE, a private company incorporated under the laws of British Columbia, designs, manufactures and sells wireless ZigBee sensing products into market leading Security, Monitoring and Automation ecosystems worldwide. Based in Vancouver, Canada, NYCE leads its industry by selling products with the lowest possible power consumption, smallest physical size and simplest installation. NYCE’s mandate is to be “invisible” to the end user.
NYCE’s products have been shipping for over two years and its key customers are large retail home automation and security companies and commercial automation and security companies. According to analysts, the annual addressable market for its sensor products will exceed $500 million globally over the next several years (source: IPTV Magazine, Multimedia Research Group, Inc.).
NYCE’s wireless sensors are based on industry standard ZigBee HA protocols. This standard is becoming the “go to” communications system for home automation, security, energy management, home health care and many other applications. NYCE is supplying its sensors to multiple ZigBee compliant system manufacturers in this space. NYCE’s wireless sensors are the market leader, with a smaller form factor, longer battery life and more effective wireless range.
On behalf of the Board of Directors of NYCE Sensors Inc.
Brian Leeners, CEO & Director
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