Avigilon Corporation Reports Fourth Quarter and Year-End 2017 Results

VANCOUVER, CANADA, March 6, 2018 /PRNewswire/ - Avigilon Corporation ("Avigilon") (TSX: AVO), provider of trusted security solutions, today reported financial results for the three and twelve months ended December 31, 2017.

Avigilon's consolidated financial statements for the years ended December 31, 2017 and 2016 and the associated Management's Discussion & Analysis respecting the same periods, can be downloaded from the Avigilon website at avigilon.com or from under Avigilon's profile on SEDAR at sedar.com.

Avigilon will not host a conference call in conjunction with the release of these financial results and does not expect to do so in respect of future quarters while the previously announced acquisition of Avigilon by Motorola Solutions, Inc. is pending.

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.

© 2018, Avigilon Corporation. All rights reserved. AVIGILON, the AVIGILON logo, and TRUSTED SECURITY SOLUTIONS are trademarks of Avigilon. Other names or logos mentioned herein may be the trademarks of their respective owners.

For further information:

Avigilon Investor Relations
T: (604) 629-5182
[email protected]

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 the pending acquisition by Motorola Solutions, Inc. ("Motorola Solution") and Avigilon's plans regarding conference calls with respect to its future financial results.

Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that Avigilon's management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, assumptions that the transaction with Motorola Solutions will complete under the terms, structure, and timeline currently contemplated and that Avigilon will cease to hold conference calls with respect to its future financial results.

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 March 6, 2018 and in the "Risk Factors" section of the management information circular dated February 21, 2018 prepared in connection with the special meeting of Avigilon's shareholders scheduled for March 22, 2018, both of which can be found under Avigilon's profile on SEDAR at www.sedar.com. Additional 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 Corporation

Related Links

www.avigilon.com