0001157523-15-001192.txt : 20150420 0001157523-15-001192.hdr.sgml : 20150420 20150420063029 ACCESSION NUMBER: 0001157523-15-001192 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150420 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150420 DATE AS OF CHANGE: 20150420 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Security Devices International Inc. CENTRAL INDEX KEY: 0001354866 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-132456 FILM NUMBER: 15779491 BUSINESS ADDRESS: STREET 1: 4830 WEST KENNEDY BLVD., SUITE 600 CITY: TAMPA STATE: FL ZIP: 33609 BUSINESS PHONE: 905-582-6402 MAIL ADDRESS: STREET 1: 4830 WEST KENNEDY BLVD., SUITE 600 CITY: TAMPA STATE: FL ZIP: 33609 8-K 1 a51082756.htm SECURITY DEVICES INTERNATIONAL INC. 8-K

UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549



FORM 8-K


CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE 
SECURITIES EXCHANGE ACT OF 1934


April 20, 2015

 

333-132456

Date of Report (Date of earliest event reported)

Commission File Number

SECURITY DEVICES INTERNATIONAL INC.  
(Exact name of registrant as specified in its charter)

Delaware

 

71-1050654

(State or other jurisdiction of

(I.R.S. Employer Identification Number)

incorporation)

 

4830 West Kennedy Blvd., suite 600, Tampa 

Florida, 33609

 (Address of Principal Executive Offices) (Zip Code)

(905) 582-6402
Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 1.01

Entry into a Material Definitive Agreement

SDI Signs Strategic Technology License & Supply Agreement; Receives Initial $500,000 Standing Offer with United Tactical Systems.

Security Devices International Inc. (“SDI” or “the Company”) today announced the signing of a five-year, non-exclusive, renewable Technology License and Supply Agreement (“TLSA”) with United Tactical Solutions (“UTS”) of Chicago, IL. UTS are a global provider of specialized less-lethal solutions, with an extensive U.S. customer base, and international customers in dozens of countries.

Under the terms of the TLSA, UTS will purchase volume quantities of SDI’s full range of products for private labeling and re-sale under the UTS Conflict Defense Solutions (“CDS”) brand. Sales will be through the global UTS network of more than 6,000 customers across military, law enforcement and correctional services agencies. The TLSA includes an initial Standing Offer from UTS for US$500,000 as a contracting vehicle for volume purchases, with related provisions that guarantee minimum annual quantity purchases. The TLSA also provides SDI with access to the UTS training network of more than 100 less-lethal trainers for end-user certification on SDI products within these agencies. Such training and certification is a major factor in customer up-take and adoption of the Company’s products.

Item 9.01 Financial Statements and Exhibits 

(a) Financial Statements of Business Acquired. 

Not applicable. 

(b) Pro Forma Financial Information. 

Not applicable. 

(c) Shell Company Transaction. 

Not applicable. 

(d) Exhibits. 

Exhibit No.

Description

99.1

News Release Dated April 20, 2015


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SECURITY DEVICES INTERNATIONAL INC.

 

 
 

Dated: April 20, 2015

/s/ Allen Ezer

Name: Allen Ezer

Title: Exec. VP

EX-99.1 2 a51082756ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

SDI Signs Strategic Technology License & Supply Agreement; Receives Initial $500K Standing Offer with United Tactical Systems

TAMPA, Fla.--(BUSINESS WIRE)--April 20, 2015--(TSX-V:SDZ) (OTCBB:SDEV) Security Devices International Inc. (“SDI” or “the Company”) today announced the signing of a five-year, non-exclusive, renewable Technology License and Supply Agreement (“TLSA”) with United Tactical Solutions (“UTS”) of Chicago, IL. UTS is a global provider of specialized less-lethal solutions, with an extensive U.S. customer base, and international customers in dozens of countries.

Under the terms of the TLSA, UTS will purchase volume quantities of SDI’s full range of products for private labeling and re-sale under the UTS Conflict Defense Solutions (“CDS”) brand. Sales will be through the global UTS network of more than 6,000 customers across military, law enforcement and correctional services agencies.

The TLSA includes an initial Standing Offer from UTS for US$500,000 as a contracting vehicle for volume purchases, with related provisions that guarantee minimum annual quantity purchases.

The TLSA also provides SDI with access to the UTS training network of more than 100 less-lethal trainers for end-user certification on SDI products within these agencies. Such training and certification is a major factor in customer up-take and adoption of the Company’s products.

Company President Gregory Sullivan, commented, “This is a key milestone in SDI’s market development strategy, with the potential to add significantly to recent sales momentum. We look forward to working closely with UTS in order to realize the full potential that this opportunity presents for both companies.”

George Eurick, CEO of UTS, added, "As a global supplier of non-lethal solutions, UTS seeks out strategic products to complement its offerings and is very excited to now include SDI’s suite of unique 40MM projectiles. Our assessment is that SDI’s technology leads the market in performance and fills a critical niche in the mission set and intervention requirements of our customers in the U.S., and around the world.”


This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of SDI in any jurisdiction.

Forward Looking Statement

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements including information with respect to the offering. Because of certain risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although SDI believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, SDI disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

NEITHER THE 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 OR ACCURACY OF THIS RELEASE.

CONTACT:
For additional information on SDI:
Allen EZER, 416-453-7798
Exec. VP
Or visit: www.securitydii.com
or
For additional information on UTS:
Atria GILLIGAN, 858-638-0236
Corporate Relations
Or visit: www.pepperball.com