Avigilon Announces Executive Succession Plan

~Avigilon promotes James Henderson to President and Chief Operating Officer~

VANCOUVER, CANADA, October 24, 2017 /CNW/ - Avigilon Corporation ("Avigilon") (TSX: AVO), provider of trusted security solutions, today announced the promotion of James Henderson to President and Chief Operating Officer as part of its executive succession plan.

Under this plan, Mr. Henderson will work side-by-side with Alexander Fernandes, Avigilon's Founder, Chief Executive Officer (CEO), and Chairman of the Board. Mr. Fernandes will continue to serve in his current capacity until Mr. Henderson's expected promotion to CEO in 2018, at which point Mr. Fernandes is expected to remain as Avigilon's Chairman of the Board.

"James has been instrumental to Avigilon's success over the past six years," said Mr. Fernandes. "This promotion is truly deserved, and I look forward to the contributions James will make in his new role."

About Avigilon

Avigilon Corporation provides trusted security solutions to the global market. Avigilon designs, develops, and manufactures video analytics, network video management software and hardware, surveillance cameras, and access control solutions. To learn more about Avigilon, visit avigilon.com.

© 2017, Avigilon Corporation. All rights reserved. AVIGILON and the AVIGILON logo are trademarks of Avigilon Corporation. Other names or logos mentioned herein may be the trademarks of their respective owners.

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For further information:

Investor Enquiries: 
Avigilon Investor Relations 
T: (604) 629-5182 
investors@avigilon.com

Media Enquiries: 
Amy Day
Manager, Global Communications
T: (604) 629-5182 x2625
media@avigilon.com

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 any planned or expected changes to Avigilon's senior leadership team and matters related thereto..

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 executive succession plan for its CEO position will proceed as planned and on the currently anticipated schedule.

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 February 28, 2017, 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

SOURCE Avigilon Corporation