WAKEFIELD, MA / ACCESSWIRE / December 3, 2019 / Security Devices International Inc. ("SDI") (OTCQB:SDEV)(CSE:SDZ), an established non-lethal technology company serving the consumer, private security and law enforcement market has just concluded its fourth quarter and fiscal year ended November 30, 2019 with record sales and production of its highly engineered, concealable personal security device, the Byrna HD.

Preliminary sales for the fourth quarter totaled a record $543,295 - a 77% increase over Q3 revenues of $306,287 and a 412% increase over Q2 revenues of $105,730. SDI was able to ramp up production to meet growing demand for the Byrna HD. In the 4^th Quarter, production exceeded 3,000 units - a 79% increase over Q3's production of 1,675 units and a fourteen-fold increase over Q2's production of 204 units, the first quarter the Byrna HD went into production.

During the 4^th Quarter, SDI reached an agreement with a large sporting goods marketing firm with 40 on the road sales representatives calling on approximately 10,000 sporting goods stores and firearms dealers. Based on SDI's recent success at gun shows, the Company firmly believes that there is a large market for the Byrna HD personal security device among gun owners that want a non-lethal alternative for themselves and their family. SDI hopes to go after this market through Federally Licensed Firearms dealers starting in the new year.

CEO Bryan Ganz commented, "We're very pleased to see the positive market response to our product which we believe fills a market void for a truly effective, concealable non-lethal personal security device that can stop an assailant at stand-off distances of up to 60 feet. We are equally pleased that production was able to keep up with demand. Based on our progress this quarter, we are confident that we can continue to grow production and sales in tandem. We were also pleased that in addition to signing up several dealers, we got our first order from a U.S. private security company and our first test order from law enforcement."

About Security Devices International

Security Devices International, Inc. (CSE:SDZ) (OTCQB:SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company's investor relations site here.

About the Byrna™ HD Personal Security Device

The Byrna™ HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining, ease of carry, effectiveness in deterring or stopping an intruder, and accessible price point should be appealing to individuals who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The original Byrna™ HD kit comes with multiple easily reloadable magazines that can hold five .68 caliber highly effective payload rounds designed to burn an assailant's eyes and respiratory system upon contact, kinetic rounds that can be used for personal security and training, and inert rounds for training. The new Byrna HD K Version only comes with kinetic rounds. Accurate up to 60 feet, all Byrna™ HD personal security devices are fitted with a picatinny rail that allows owners to mount either a laser sight or flashlight making it easy for novices to fire it accurately. The Byrna™ HD provides homeowners, women, retirees, and others whose work or daily activities may put them at risk of being a victim with easy access to an effective, non-lethal way to protect themselves and their loved ones from threats to their person or property. It also is ideal for boaters, truckers, RV owners, campers and gun enthusiasts around the world.

For more information on the Byrna™, please click here.

The Byrna HD is not a "firearm" under federal law and does not require a federal gun license. State laws and local ordinances may regulate its possession, use, and carry in certain localities.

Forward Looking Statements

This news release includes certain "forward looking statements" reflecting management's current expectations of future events including, without limitation, those about the anticipated production, production rate, delivery, effectiveness, regulation, legality, performance, sales, and marketing of the Byrna™ HD and Byrna projectiles, and the anticipated market response. These statements involve risks and uncertainties, and actual results may differ from current expectations. Risks and uncertainties include without limitation: design flaws; implementation of design changes, production problems or changes that cause manufacturing or shipping delays, quality problems, cost overruns; development of additional assembly and distribution facilities, the effectiveness of quality control protocols and testing, issues related to the formulation or effectiveness of the Company's rounds, the Company's dependence in part or in whole on the performance of third parties including those located outside the United States in connection with sourcing of components, distribution and resale, and logistic and assembly services; the dependency of the Company on proprietary and other intellectual property, which may not be available to the Company on commercially reasonable terms or at all; the impact of unfavorable legal proceedings, including intellectual property disputes; the impact of state and local laws and regulation or changes to laws and regulations including licensing, registration, and certification laws related to sale, possession or use of Byrna products or pepper-based projectiles or launchers; the ability of the Company to manage risks associated with its activities at a manageable cost, including complying with applicable laws and regulations, and renewing and maintaining adequate insurance; and competition from less expensive or superior products that may be developed. 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.

Investor Relations

Bryan S. Ganz
President and CEO
781-420-1428
[email protected]

SOURCE: Security Devices International, Inc.

WAKEFIELD, MA / ACCESSWIRE / September 18, 2019 / Security Devices International Inc. ("SDI") (OTCQB:SDEV)(CSE:SDZ), an established non-lethal technology company that has historically served the highly regulated law enforcement market, just concluded its first full quarter (ended August 31, 2019) of production and sales of its new consumer focused personal security device, the Byrna HD.

For the quarter ended August 31, 2019, SDI produced 1,675 launchers, up from 204 launchers produced at the end of Q2. Production was moved from Visionware to Roboro Industries in mid-July, which has dramatically improved production numbers and significantly lowered rejection rates. While changing final assembly supplier mid-quarter was disruptive, it resulted in 1,327 launchers being produced following the change, with a dramatically lower rejection rate than before the move. "We are very pleased with the Roboro relationship," commented Bryan Ganz, the CEO of SDI. "They are just going to get better as their people gain more experience with our product." For Q4, SDI projects that production will exceed 4,000 units.

Preliminary sales for the 3^rd quarter totaled $309,150, up from $105,730 in Q2 and $11,146 in Q1. Ninety percent of such sales came from sales of the Byrna HD and accessories, with the balance of sales attributed to SDI's line of 40mm Blunt Impact Projectiles. Of the $277,623 in Byrna sales, 81% were for the launcher and 19% came from sales of accessories and ammo. SDI expects the percentage of sales derived from accessories and ammo to increase as its customer base grows.

Sales for the 3^rd quarter were aided by a product review by Sootch00, a well-known gun reviewer with over 850,000 YouTube subscribers. The video, https://youtu.be/nT7Qe-prCQI, released on July 15, 2019, shows the incapacitating effects of the Byrna Black chemical irritant round.

In Q4, SDI will be the primary sponsor of the Rick Ware Racing #52 Byrna Ford Mustang, which will be racing in the FEDERATED AUTO PARTS 400 NASCAR MONSTER ENERGY Cup series at the Richmond Raceway in Richmond, VA on September 21^st. In addition to the Richmond Race, SDI plans to attend a number of Gun Shows including the Rapid City Gun Show at the Rushmore Plaza Civic Center in Rapid City, SD on September 21^st and 22^nd, the Gun & Knife Show at the Eastern States Exposition in West Springfield, MA on October 26^th and 27^th, the Wilmington Firearm & Knife Show at Shriners Auditorium in Wilmington, MA on November 9th and 10th and the Muncie, Indiana Gun Show in Muncie, Indiana on December 14^th and 15^th.

SDI also announced that it has entered into a new binding agreement with Roboro Industries Proprietary Limited (which will be operating under the name "Byrna Africa") to serve as its Authorized Manufacturer's Distributor in South Africa. The Company recently ended discussions of an exclusive distributorship with Dave Sheer Guns (DSG) and cancelled the balance of a purchase order which contemplated special pricing. "We are excited to have this opportunity to expand our relationship with the Roboro group," commented Ganz. "They've done a great job of taking over our production and we think they will be as effective representing us in South Africa."

On July 22, 2019, SDI issued $2,282,500 worth of 10% convertible notes due June 30,2021. These notes are convertible into common stock in SDI at any time prior to their maturity on June 30, 2021. Each $1,000 note was issued with 4,000 warrants, each exercisable into one share of SDI common stock at $0.25 USD per share at any time prior to their expiration on January 22, 2024. The company closed a second tranche of these notes on September 16, 2019, raising another $817,500. As with the first tranche, Northeast Industrial Partners, LLC will act as collateral agent (the "Collateral Agent") for the purchasers of the notes. The net proceeds from the offering will be used for general corporate purposes and working capital.

About Security Devices International

Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company's investor relations site here.

About the Byrna™ HD Personal Security Device

The Byrna™ HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining, ease of carry, effectiveness in deterring or stopping an intruder, and accessible price point should be appealing to individuals who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna™ HD comes with multiple easily reloadable magazines that can hold five .68 caliber highly effective payload rounds designed to burn an assailant's eyes and respiratory system upon contact. The Byrna also comes with inert and impact rounds that can be used for training. Accurate up to 60 feet, the Byrna™ HD is fitted with a picatinny rail that allows owners to mount either a laser sight or flashlight making it easy for novices to fire it accurately. The Byrna™ HD provides homeowners, women, retirees, and others whose work or daily activities may put them at risk of being a victim with easy access to an effective, non-lethal way to protect themselves and their loved ones from threats to their person or property. It also is ideal for boaters, truckers, RV owners, campers and gun enthusiasts around the world.

For more information on the Byrna™, please click here.

The Byrna HD is not a "firearm" under federal law and does not require a federal gun license. State laws and local ordinances may regulate its possession, use, and carry in certain localities.

Forward Looking Statements

This news release includes certain "forward looking statements" reflecting management's current expectations of future events including, without limitation, the final sales numbers that will be reported for the quarter, statements about the anticipated production, production rate, delivery, effects, performance, and future regulation and legality of the Byrna™ HD and Byrna projectiles and accessories, and the anticipated market response. These statements involve risks and uncertainties, and actual results may differ from current expectations. Risks and uncertainties include, without limitation: issues that may arise during the completion of the independent auditor's review of the quarter ,design flaws, implementation of design changes, production problems or other changes that cause manufacturing or shipping delays, quality problems, cost overruns, resulting returns or warranty claims, training of new personnel, the testing process , other issues related to the formulation or effectiveness of SDI's rounds, SDI's dependence in part or in whole on the performance of third parties, including those located outside the United States, in connection with sourcing of components, projectiles, accessories, distribution and resale, and logistic and assembly services, the dependency of SDI on proprietary and other intellectual property, which may not be available to SDI on commercially reasonable terms or at all, the impact of unfavorable legal proceedings, including intellectual property disputes, the impact of state and local laws and regulation or changes to laws and regulations including licensing, registration, and certification laws related to sale, possession or use of Byrna products or pepper-based defense products, the ability of SDI to manage risks associated with its activities at a manageable cost, including complying with applicable laws and regulations, and renewing and maintaining adequate insurance, and competition from less expensive or superior products that may be developed. 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.

CONTACT:

Investor Relations
Bryan S. Ganz
President and CEO
781-420-1428
[email protected]

SOURCE: Security Devices International Inc.

Wakefield, Massachusetts--(Newsfile Corp. - July 22, 2019) - Security Devices International Inc. (OTCQB: SDEV) (CSE: SDZ) (the "Company") announced that it has entered into a Securities Purchase Agreement (the "Agreement") with several accredited investors (the "Purchasers") and Northeast Industrial Partners, LLC as collateral agent for the Purchasers (the "Collateral Agent") to sell up to approximately USD $3,000,000.00 of units (the "Units"), with each $1,000 of Units consisting of (i) a $1,000 unsecured convertible promissory note (collectively the "Notes"), convertible into the Company's Common Stock, par value $.001 per share (the "Common Stock"), and (ii) four thousand (4,000) warrants (the "Warrants") each exercisable for one share of Common Stock at an exercise price of USD $0.25 per share, in a private placement (the "Private Placement") pursuant to Regulation D under the Securities Act of 1933 (the "Securities Act"). An initial sale of $2,282,500 of the Units was closed on July 22, 2019. The Company has received expressions of interest to purchase up to USD $717,500.00 of additional Units and expects to close on the sale of any such additional Units on or about August 31, 2019. The net proceeds from the sale of the Units will be used for general corporate purposes and working capital.

Terms of the Notes

The outstanding principal amount of the Notes accrues interest at a rate of 10% per annum, provided that, in the event of default on the Notes, the interest rate will be 15.0% during the period of default. The maturity date of the Notes is June 30, 2021, which date is subject to optional extension by each Purchaser if a change of control of the Company is announced prior to such date. Interest on the Notes is payable in arrears on the last day of each January and July while the Notes are outstanding. The Company has the option to redeem the Notes by paying the Purchasers the Optional Redemption Price as described in the Notes. Each Note is convertible into Common Stock, at the option of the Purchaser. Upon such optional conversion, the outstanding principal amount of the Note converts into shares of Common Stock at a conversion price of $0.15 per share, subject to adjustment as set forth in the Notes (the "Note Conversion Price"). The Company is not required to convert any portion of a Note if doing so results in the Purchaser beneficially owning more than 4.99% of the outstanding Common Stock after giving effect to such conversion, provided that on sixty-one (61) days' prior written notice from the Purchaser to the Company, that percentage may increase to 19.99%.

Upon a Change of Control (as defined in the Note), an Purchaser may require the Company to redeem all or a portion of a Note, in which case the Company will pay in cash an amount equal to the greater of (a) the sum of (x) the aggregate consideration that the Purchaser would be entitled to receive in connection with the Change of Control if the Purchaser were to fully convert (without giving effect to any limitations on conversion) the outstanding principal of the Note into Common Stock immediately prior to the consummation of such Change of Control, plus (y) any accrued and unpaid interest thereon through but excluding the effective date of the Change of Control and any accrued and unpaid late charges, or (b) an amount equal to the sum of (i) the outstanding principal of the Note plus, (ii) any accrued and unpaid interest thereon through but excluding the effective date of the Change of Control and any accrued and unpaid late charges plus, (iii) an amount equal to 100% of the interest that would have been earned on the Note from the effective date of the Change of Control through the maturity date of the Note. Notwithstanding any other provision of the Agreement or the Note, the effective interest rate may not exceed 25% per annum.

The Notes contain restrictive covenants which, among other things, restrict the Company's ability to incur additional indebtedness, grant security interests on its assets or make distributions on or repurchase its common stock.

The Notes are secured, pursuant to the Agreement, with a security interest in substantially all of the Company's assets. The Purchasers have appointed a Collateral Agent to act as collateral agent for the Purchasers. The Company has granted the Collateral Agent a security interest in substantially all of its assets, as security for the Company's obligations under the Notes and the documents executed in connection with the Agreement.

Terms of the Warrants

Each Warrant is exercisable for one share of Common Stock at an exercise price of USD $0.25 per share, on or prior to the close of business on January 22, 2024. If the average closing price of the Common Stock is over USD $0.35 per share for a period of 20 consecutive trading days ending after the two-year anniversary of the issuance, the Company may give notice to the registered holders of the Warrants accelerating the expiry date to a date not less than 30 days following the date of such notice.

The Notes, the Warrants, and the Common Stock issuable upon conversion of the Notes and/or exercise of the Warrants have not been, and will not be, registered under the Securities Act, and may not be sold, transferred or assigned (i) in the absence of an opinion in a generally acceptable form of counsel, which counsel shall be selected by the holder and be reasonably acceptable to the Company, that registration is not required under the Securities Act or (ii) unless sold pursuant to Rule 144 under the Securities Act.

The foregoing summary of the Agreement, the Notes, the Warrants, and related agreements is qualified in its entirety by the terms of the Agreement and the exhibits thereto (including the form of Unsecured Convertible Note and form of Warrant).

This document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Agreement, including benefits of the transaction. These forward-looking statements generally are identified by the words "believe", "project", "expect", "anticipate", "estimate", "future", "strategy" , "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result", and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to, the Company's ability to comply with all the terms and provisions of the Agreement and the documents executed in connection therewith, and general economic conditions. In addition, please refer to the documents that the Company files with the SEC on Forms 10-K, 10-Q and 8-K. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this document. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements and the Company assumes no obligation, and does not intend, to update or revise these forward-looking statements, whether as result of new information, future events, or otherwise.

Amendments to Existing Notes

On July 18, 2019, a majority of the holders of notes ("Required Holders") related to Securities Purchase Agreements dated October 22, 2018 ("October 2018 Notes") and April 15, 2019 ("April 2019 Notes") respectively (collectively the "Outstanding Notes"), voted to amend the terms of the Outstanding Notes.

The amendments expand the definitions of "Permitted Indebtedness" and "Permitted Lien" in the Outstanding Notes, and modify certain restrictions on the payment of Permitted Indebtedness. By the terms of the amendments, the Company was authorized to issue up to $7,000,000 of debt in addition to that represented by the Outstanding Notes ("Additional Debt") that may be secured by the company's assets provided that such Additional Debt be subordinate or pari passu to the Outstanding Notes.

Delay in Issuance of 2^nd Quarter Financial Results

The Company's quarterly reports on Form 10-Q for the second quarter ended May 31, 2019 was due to be filed with the Securities and Exchange Commission (SEC) by July 15, 2019 and would have been deemed filed on a timely basis if the Company had filed Form 12b-25 and Form 10-Q with the SEC by July 22, 2019. The Company filed a Form 12b-25 on July 15, 2019. However, the Company will not be able to file its Form 10Q by July 22, 2019 as expected for the reasons set forth below.

During the quarter the Company implemented new enterprise software in both the U.S. and in South Africa. Finalization of these implementations, production of the Company's financial statements, and related testing and independent review have taken longer than previously anticipated. The Company intends to file its quarterly reports on Form 10-Q for the quarter ended May 31, 2019 as soon as possible after the completion of the quarterly review by its independent auditors.

About Security Devices International

Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website or the company's investor relations site here

Forward Looking Statement

This news release includes certain "forward looking statements" reflecting management's current expectations of future events including, without limitation, those about additional sale of Notes, anticipated future financings, and the anticipated filing of the Company's Form 10Q for the quarter ending May 31, 2019. These forward-looking statements generally are identified by the words "believe", "project", "expect", "intend", "anticipate", "estimate", "future", "strategy", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result", and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document including, but not limited to, the Company's ability to comply with all terms and provisions in the Agreement, the documents executed in connection therewith, general economic conditions, and issues that may arise in connection with review and finalization of the Company's financial statements. In addition, please refer to the documents that the Company files with the SEC on Forms 10K and 10Q, and management's discussion and analysis filed with the CSE and on SEDAR. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this document. Forward -looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward -looking statements the Company assumes no obligation and does not intend to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. 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.

CONTACT:
Bryan S. Ganz
President and CEO
781-420-1428
[email protected]

The Byrna HD, is the first in a line of new handheld personal security devices that SDI is bringing to market. The Byrna HD is specifically designed for the home defense market and is extremely effective at deterring, disabling and temporarily incapacitating an intruder or would be assailant at safe standoff distances of up to 60 feet. The first shipments reached U.S. customers on June 5th, 2019. The Company has already started receiving re-orders of the practice rounds and CO2 cartridges.

"We are pleased to announce that several critical milestones were reached last week as we produced our 1,000th Byrna HD launcher and shipped our 500th Byrna kit to the United States. Production in South Africa has been moved to a new facility, Roboro Industries (PTY) LTD, a company owned and operated by individuals with decades of experience in both manufacturing generally and the production of non-lethal weapons specifically. Bryan Ganz, President & CEO of SDI stated "We believe that the partnership with Roboro will allow SDI to achieve the quality levels and production numbers needed to both quickly fill our back orders and meet anticipated demand for the Byrna HD."

Total production for the 3rd Quarter (ending August 31st) is slated to be approximately 3000 units with 700 units planned for June, 1,000 units planned for July, and 1,300 units scheduled to be produced in August. At this rate, SDI will be able to work through its back orders by the end of Q3 and begin focusing on new business development. The Company expects Q3 sales to be in excess of $750,000.00 (more than a 450% increase from the Company's best quarter).

SDI is reviewing the formulation and production of its Byrna Black chemical irritant rounds after it received a complaint that there was an ineffective round sent to a customer. Although all rounds tested by the Company have been effective, SDI is reviewing the formulation to ensure the rounds produce the desired deterrent effect on anyone unlucky enough to be on the receiving end of the Company's chemical irritant projectiles. In the interim orders are being filled with an alternative formulation that does not include PAVA and with the Company's all natural Jingle Ball projectiles. Customers who were shipped the original Byrna Black projectiles are being provided with the replacement projectiles free of charge, and have been advised that pending completion of the review they should not to rely on the projectiles originally shipped with their kits for self-defense. The new projectiles should be ready for shipment by the end of the month.

The Company has been preparing its sales and marketing campaign to be launched as soon as it has adequate stock to be able to fill orders as they are received. Victor Eng, Head of Social Media Sales & Marketing at SDI stated "we are just now working through our back orders. We don't want to be right back in the situation where orders are being placed on back order as sales outstrip production. Our goal is to grow sales and production in concert with production ramping up as sales increase. We are confident that with our new partner, Roboro, it won't be long before we can kick off several highly qualified email, social media, and influencer campaigns that we are just waiting to "pull the trigger on!" SDI expects to launch its sales and marketing campaign either just before or just after the July 4th Holiday Weekend.

SDI redeemed $1.4 million CAD of Senior Secured Debentures plus accrued interest on June 6th. These bonds carried an interest rate of 12%.

About Security Devices International

Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company's investor relations site here.

About the Byrna™ HD Personal Security Device

The Byrna™ HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining, ease of carry, effectiveness in deterring or stopping an intruder, and accessible price point should be appealing to individuals who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna™ HD comes with multiple easily reloadable magazines that can hold five .68 caliber highly effective payload rounds designed to burn an assailant's eyes and respiratory system upon contact. The Byrna also comes with inert and impact rounds that can be used for training. Accurate up to 60 feet, the Byrna™ HD is fitted with a picatinny rail that allows owners to mount either a laser sight or flashlight making it easy for novices to fire it accurately. The Byrna™ HD provides homeowners, women, retirees, and others whose work or daily activities may put them at risk of being a victim with easy access to an effective, non-lethal way to protect themselves and their loved ones from threats to their person or property. It also is ideal for boaters, truckers, RV owners, campers and gun enthusiasts around the world.

For more information on the Byrna™, please click here.

The Byrna HD is not a "firearm" under federal law and does not require a federal gun license. State laws and local ordinances may regulate its possession, use, and carry in certain localities.

Forward Looking Statement

This news release includes certain "forward looking statements" reflecting management's current expectations of future events including, without limitation, those about the anticipated production, production rate, delivery, effectiveness, regulation, legality, performance, sales, and marketing of the Byrna™ HD and Byrna projectiles, and the anticipated market response. These statements involve risks and uncertainties, and actual results may differ from current expectations. Risks and uncertainties include without limitation: design flaws; implementation of design changes, production problems or changes that cause manufacturing or shipping delays, quality problems, cost overruns; the transition of production to a new facility and training of new personnel, the testing process and results of testing on the Byrna Black rounds , other issues related to the formulation or effectiveness of the Company's rounds, the Company's dependence in part or in whole on the performance of third parties including those located outside the United States in connection with sourcing of components, distribution and resale, and logistic and assembly services; the dependency of the Company on proprietary and other intellectual property, which may not be available to the Company on commercially reasonable terms or at all; the impact of unfavorable legal proceedings, including intellectual property disputes; the impact of state and local laws and regulation or changes to laws and regulations including licensing, registration, and certification laws related to sale, possession or use of Byrna products or pepper-based defense products; the ability of the Company to manage risks associated with its activities at a manageable cost, including complying with applicable laws and regulations, and renewing and maintaining adequate insurance; and competition from less expensive or superior products that may be developed. 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.

CONTACT:

Investor Relations
Bryan S. Ganz
President and CEO
781-420-1428
[email protected]

SOURCE: Security Devices International Inc.

Breakthrough Non-Lethal Personal Security Device Now Available for Purchase at WWW.BYRNA.COM/PRODUCTS

Byrna HD Kit Available in Byrna Orange, Black, Desert Tan or Digital Camouflage Starting at an E-Commerce Store Launch Pricing of $349.99

WAKEFIELD, Mass., Feb. 11, 2019 (GLOBE NEWSWIRE) -- Security Devices International Inc. (“SDI”) (CSE: SDZ) (OTCQB: SDEV), an emerging non-lethal technology company, has commenced commercialization of the breakthrough Byrna™ HD non-lethal personal security device beginning with the launch of its new E-commerce store and concurrent with the first preorders being accepted in the United States at a special introductory price at the Byrna booth during DAYTONA Speedweeks on February 10^th, 2019.

The full Byrna HD collection is now available to the public for the first time through the Byrna HD E-Commerce store at www.byrna.com/products. Customers who preorder the Byrna HD will receive 15% off their order with the coupon code BYRNANATION.

Concurrent with the E-commerce launch, SDI is accepting Byrna HD preorders at a special introductory price at the Byrna booth at the Daytona International Speedway during DAYTONA Speedweeks until February 17, 2019. SDI will offer the Byrna HD kit as a stand-alone product in either Byrna Orange, Black, or Desert Tan. A Digital Camouflage version will also be available at an additional charge.

“We are thrilled to offer consumers the opportunity to preorder a Byrna™ HD non-lethal personal security device for the first time,” said Bryan Ganz, President of SDI. “Our product fills a critical hole within the self-defense spectrum, uniquely allowing consumers to engage threats at range in a non-lethal manner. We believe there is significant commercial demand for our product and look forward to ramping production to meet this anticipated demand. I am incredibly proud of our E-commerce, sales, engineering and production teams, who have made commercialization of this innovative product possible. I look forward to providing the investment community with further updates on our sales progress as we strive to build long-term shareholder value.”

The Byrna™ HD (Home Defense) is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its patented design, compact size, five-round magazine, laser sight adaptability and point and shoot capabilities will make the Byrna™ a truly effective personal security device offering many of the same features as today’s popular handguns, but with one critical difference – it fires non-lethal rounds which do not result in the loss of human life. Instead, the Byrna™ delivers a chemical payload that causes an immediate burning sensation in the attacker’s eyes and respiratory system (hence the name “bur-nah”) thereby Deterring, Disorienting, Disrupting and Delaying an attacker, providing time to escape or call for assistance.

The Byrna™ HD will not require a gun license and has a starting price of $349. It will be able to be fitted with laser sights or flashlights and fit easily in either an inside the waistband or tactical holster. The Byrna™ HD was designed for those wanting a way to stop an attacker at standoff distances far beyond what is generally available on the market today (except with a lethal device), in order to disarm a threat before it escalates out of control and without the need to use deadly force. Its ease of use and obtainability will make it a natural choice for both those homeowners that would never own a gun as well as a must-have add-on to any gun enthusiast’s firearms collection. The Byrna™ HD is now available for sale on www.byrna.com.

Byrna HD Package Pricing

*Available only at DAYTONA Speedweeks

About Security Devices International
Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company’s investor relations site here.

About the Byrna™ HD Personal Security Device
The Byrna™ HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining, ease of carry, effectiveness in deterring or stopping an intruder and accessible price point should be appealing to individuals who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna™ HD comes with multiple easily reloadable magazines that can hold .68 caliber training rounds, impact rounds or highly effective payload rounds designed to burn an assailant’s eyes and respiratory system upon contact. It will also be able to hold inert rounds and impact rounds that can be used for training. Accurate up to 60 feet, the Byrna™ HD is fitted with a picatinny rail that allows owners to mount either a laser sight or flash light making it easy for novices to fire it accurately. The Byrna™ HD is ideal for today’s homeowners, boaters, truckers, outdoor enthusiasts and gun enthusiasts around the world. For more information on the Byrna™, please click here.

The Byrna HD is not a “firearm” under federal law and does not require a federal gun license. State laws and local ordinances may regulate its possession, use, and carry in certain localities. More information on these types of regulations will be available on our website before the launch.

Forward Looking Statement
This news release includes certain “forward looking statements” reflecting management’s current expectations of future events including, without limitation, those about the anticipated production, delivery, effectiveness, legality, performance, sales, and marketing of the Byrna™ HD, and the anticipated market response. These statements involve risks and uncertainties, and actual results may differ from current expectations. Risks and uncertainties include without limitation: design flaws uncovered during testing; production problems that cause manufacturing or shipping delays, quality problems, or cost overruns; the Company’s dependence in part or in whole on the performance of third parties including those located outside the United States in connection with sourcing of components, distribution and resale, and logistic and assembly services; the dependency of the Company on proprietary and other intellectual property, which may not be available to the Company on commercially reasonable terms or at all; the impact of unfavorable legal proceedings, including intellectual property disputes; the impact of state and local laws and regulation or changes to laws and regulations including licensing, registration, and certification laws related to sale, possession or use of Byrna products or pepper-based defense products; the ability of the Company to manage risks associated with its activities at a manageable cost, including complying with applicable laws and regulations, and renewing and maintaining adequate insurance; and competition from less expensive or superior products that may be developed. 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.

Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
[email protected]

SDI to Accept First Pre-Orders for the Byrna HD at the DAYTONA Speedweeks Booth on February 10^th, Concurrent with the Launch of the Byrna Online Store

Pictured above is the Byrna HD Expert Package, featuring a Byrna HD in Byrna orange.

WAKEFIELD, Mass., Feb. 04, 2019 (GLOBE NEWSWIRE) -- Security Devices International Inc. (“SDI”) (CSE: SDZ) (OTCQB: SDEV), an emerging non-lethal technology company, today announced launch pricing for its breakthrough Byrna HD non-lethal personal security device. SDI will accept pre-orders on the upcoming Byrna online store, which the Company will launch concurrently with the acceptance of initial pre-orders at its DAYTONA Speedweeks booth on February 10^th, 2019.

SDI will offer the Byrna HD kit as a standalone product in either Byrna Orange, Black, or Desert Tan. A Digital Camouflage version will also be available at an additional charge. The basic Byrna kit will be offered at an MSRP of $349.99 but special package deals will be offered in conjunction with the launch of the product during DAYTONA Speedweeks.

*Available only at DAYTONA Speedweeks

Attendees during DAYTONA Speedweeks will have the opportunity to handle the Byrna HD, learn more about the innovative personal security device’s capabilities and place an in-person pre-order at the one-time special introductory price listed above.

“We are pleased to announce the initial launch pricing of our breakthrough Byrna HD personal security device, which we believe is competitive with other non-lethal self-defense alternatives currently in the market as a result of the Byrna HD’s numerous inherent advantages to the user,” said Bryan Ganz, President of SDI. “I believe that our unique product will realize notable consumer demand once it is released to the marketplace, offering consumers the ability to effectively protect themselves when gun ownership is either cumbersome due to regulations, or undesirable due to personal reasons. I look forward to providing our investors with further Byrna HD commercialization updates as appropriate.”

About Security Devices International
Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company’s investor relations site here.

About the Byrna™ HD Personal Security Device
The Byrna HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining, ease of carry, effectiveness in deterring or stopping an intruder and accessible price point should be appealing to individuals who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna HD comes with multiple easily reloadable magazines that can hold .68 caliber training rounds, impact rounds or highly effective payload rounds designed to burn an assailant’s eyes and respiratory system upon contact. It will also be able to hold inert rounds and impact rounds that can be used for training. Accurate up to 60 feet, the Byrna HD is fitted with a picatinny rail that allows owners to mount either a laser sight or flash light making it easy for novices to fire it accurately. The Byrna HD is ideal for today’s homeowners, boaters, truckers, outdoor enthusiasts and gun enthusiasts around the world. For more information on the Byrna, please click here.

The Byrna HD is not a “firearm” under federal law and does not require a federal gun license. State laws and local ordinances may regulate its possession, use, and carry in certain localities. More information on these types of regulations will be available on our website before the launch.

Forward Looking Statement
This news release includes certain “forward looking statements” reflecting management’s current expectations of future events including, without limitation, those about the anticipated production, delivery, effectiveness, legality, performance, sales, and marketing of the Byrna™ HD, and the anticipated market response. These statements involve risks and uncertainties, and actual results may differ from current expectations. Risks and uncertainties include without limitation: design flaws uncovered during testing; complications in resolving issues that arose during testing; production problems that cause manufacturing or shipping delays, quality problems, or cost overruns; the Company’s dependence in part or in whole on the performance of third parties including those located outside the United States in connection with sourcing of components, distribution and resale, and logistic and assembly services; the dependency of the Company on proprietary and other intellectual property, which may not be available to the Company on commercially reasonable terms or at all; the impact of unfavorable legal proceedings, including intellectual property disputes; the impact of state and local laws and regulation or changes to laws and regulations including licensing, registration, and certification laws related to sale, possession or use of Byrna products or pepper-based defense products; the ability of the Company to manage risks associated with its activities at a manageable cost, including complying with applicable laws and regulations, and renewing and maintaining adequate insurance; and competition from less expensive or superior products that may be developed. 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.

Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/187e2faf-985c-4d52-8fa3-f9057f034634

Byrna HD Kicks Off 2019 NASCAR Monster Energy Cup Series During Daytona 500 on Team Rick Ware Racing No. 51 ‘Byrna’ Ford

SDI to Host Investor Day on Friday, February 15, 2019 at Byrna HD Booth

WAKEFIELD, Mass., Jan. 23, 2019 (GLOBE NEWSWIRE) -- Security Devices International Inc. (“SDI” or the “Company”) (CSE: SDZ) (OTCQB: SDEV), an emerging non-lethal technology company, will showcase the Byrna HD non-lethal personal security device to the public during DAYTONA Speedweeks at the Daytona International Speedway in Daytona Beach, Florida on February 9-17, 2019.

SDI will display the Byrna HD to coincide with the beginning of Speedweeks in Daytona Beach, Florida under its previously announced partnership with Rick Ware Racing in the NASCAR Monster Energy Cup Series. Approximately 200,000 race fans are expected to attend Speedweeks to experience the Super Bowl of stock car racing, the Daytona 500. SDI and Byrna will be sponsors of the #51 Rick Ware Racing Ford driven by Cody Ware, which will be showcased next to the Byrna booth outside of the race track.

Attendees during DAYTONA Speedweeks will have a chance to see the Byrna HD in multiple colors and learn more about the innovative personal security device’s capabilities. Attendees will also have the chance to meet with the driver, Cody Ware, and Team Owner, Rick Ware, and see the new paint scheme for the Byrna Ford.

What: Security Devices International exhibits at DAYTONA Speedweeks at the Daytona International Speedway

When: February 9-17, 2019; 10:00 a.m. – 6:00 p.m. Eastern time

Where: Byrna Booth - 2100 W International Speedway Blvd Drive, Daytona Beach, FL 32114 – Next to Hooters Restaurant Outside of the Speedway

Who: Security Devices International management and Byrna product team

“We are proud to kick off our 2019 partnership with Rick Ware Racing to launch our exciting new Byrna HD non-lethal personal security device at one of the nation’s premier racing events,” said Bryan Ganz, President of SDI. “We believe this venue presents an amazing opportunity to showcase our differentiated product, the only truly concealable non-lethal personal security device that can stop a threat at a distance. We look forward to engaging with fans and potential customers alongside Rick and Cody Ware during the multi-day Speedweeks activities including fan give-aways and special discount packages for the Byrna HD,” concluded Ganz.

“Cody and I are honored to partner with SDI to represent the Byrna HD during Speedweeks as we believe this is a lifesaving product for today’s consumers who prefer a simple, non-lethal option for self-defense,” said Rick Ware, Owner of Rick Ware Racing. “We look forward to driving awareness to the Byrna HD booth, which will feature our No. 51 Byrna ‘Ford’ race car, Byrna girls and of course the Rick Ware Racing Team,” concluded Ware.

Security Devices International Investor Day at Daytona International Speedway

In conjunction with SDI’s exhibit to the public, company management will also be hosting an investor day at their booth on Friday, February 15, 2019 from 10:00 a.m. to 4:00 p.m. Eastern time. Institutional investors, brokers or research analysts who would like to schedule a one-on-one meeting with SDI management, please email your request to [email protected] or call Chris Tyson at MZ Group, the company’s investor relations firm at +1 949-491-8235. The company will also be providing five FREE VIP Daytona 500 tickets in advance to a limited number of investors who wish to attend the investor day and the race. The tickets grant access to the infield on February 15-17, 2019.

DAYTONA Speedweeks Event Schedule:

• The Lucas Oil 200 Driven by General Tire, the ARCA Racing Series season opener: Saturday, Feb. 9.
  
  
• DAYTONA 500 Qualifying Presented by Kroger and the Advance Auto Parts Clash doubleheader: Sunday, Feb. 10.
  
  
• The Duel at DAYTONA 150-mile qualifying races: Thursday, Feb. 14.
  
  
• The NextEra Energy Resources 250, the season-opening event to the NASCAR Gander Outdoors Truck Series: Friday, Feb. 15.
  
  
• The DAYTONA 300, the season-opening event to the NASCAR Xfinity Series: Saturday, Feb. 16.
  
  
• The DAYTONA 500, NASCAR’s biggest and most prestigious event that marks the start of the Monster Energy NASCAR Cup Series season: Sunday, Feb. 17.

About Daytona International Speedway

Daytona International Speedway is a state-of-the-art motorsports venue and was awarded the SportsBusiness Journal’s prestigious Sports Business Award for Sports Facility of the Year in 2016. Daytona International Speedway is the home of "The Great American Race” – the DAYTONA 500. Though the season-opening Monster Energy NASCAR Cup Series event garners most of the attention – as well as the largest audience in motorsports – the approximately 500-acre motorsports complex, also known as the “World Center of Racing,” boasts the most diverse schedule of racing on the globe. In addition to at least nine major event weekends, the Speedway grounds are also used extensively for events that include concerts, civic and social gatherings, car shows, photo shoots, production vehicle testing and police motorcycle training. For more information, please click here.

About Security Devices International

Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company’s investor relations site here.

About the Byrna HD Personal Security Device

The Byrna HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining, ease of carry, effectiveness in deterring or stopping an intruder and accessible price point (special Daytona packages start under $300) should be appealing to individuals who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna HD comes with multiple easily reloadable magazines that can hold .68 caliber training rounds, impact rounds or highly effective payload rounds designed to burn an assailant’s eyes and respiratory system upon contact. Accurate up to 60 feet, the Byrna HD is fitted with a picatinny rail that allows owners to mount either a laser sight or flash light making it easy for novices to fire it accurately. The Byrna HD is ideal for today’s homeowners, boaters, truckers, outdoor enthusiasts and gun enthusiasts around the world. For more information on the Byrna, please click here.

The Byrna HD is not a “firearm” under federal law and does not require a federal gun license. State laws and local ordinances may regulate its possession, use, and carry in certain localities. More information on these types of regulations will be available on our website before the launch.

Forward Looking Statement

This news release includes certain “forward looking statements” reflecting management’s current expectations of future events including, without limitation, those about the anticipated production, delivery, effectiveness, legality, performance, sales, and marketing of the Byrna™ HD, and the anticipated market response. These statements involve risks and uncertainties, and actual results may differ from current expectations. Risks and uncertainties include without limitation: design flaws uncovered during testing; production problems that cause manufacturing or shipping delays, quality problems, or cost overruns; the Company’s dependence in part or in whole on the performance of third parties including those located outside the United States in connection with sourcing of components, distribution and resale, and logistic and assembly services; the dependency of the Company on proprietary and other intellectual property, which may not be available to the Company on commercially reasonable terms or at all; the impact of unfavorable legal proceedings, including intellectual property disputes; the impact of state and local laws and regulation or changes to laws and regulations including licensing, registration, and certification laws related to sale, possession or use of Byrna products or pepper-based defense products; the ability of the Company to manage risks associated with its activities at a manageable cost, including complying with applicable laws and regulations, and renewing and maintaining adequate insurance; and competition from less expensive or superior products that may be developed. 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.

Investor Relations

MZ North America
Chris Tyson
Managing Director
949-491-8235
[email protected]

SDI Begins Validation Testing and Announces Three New Colors for the Byrna HD

The Byrna HD in digital camo, black and desert tan are pictured above, with the #51 Rick Ware Racing Ford pictured below.

Byrna HD Consumer Rollout to Commence at the Start of Speedweek at the Daytona 500 on February 9, 2019

WAKEFIELD, Mass., Dec. 20, 2018 (GLOBE NEWSWIRE) -- Security Devices International Inc. (“SDI”) (CSE: SDZ) (OTCQB: SDEV), an emerging non-lethal technology company, has issued a progress update on the Byrna™ HD non-lethal personal security device development timeline and new 2019 commercial launch initiatives.

SDI has conducted development testing using 3D printed prototypes and recently began the process of validation testing of the Byrna HD using production parts. Development testing has led to modifications which will enhance the performance and life of the personal security device. Additionally, SDI has decided to offer the Byrna in three more colors: black, desert tan and camouflage in addition to the original safety orange.

The final phase of validation testing that commenced in December 2018 requires factory production parts and factory production models. Due to the upcoming holiday calendar, a key supplier advised the company that several custom part deliveries expected in December 2018 will not be available until January 2019, pushing back the final validation testing phase by several weeks.

The company is planning the commercial launch of the Byrna HD to coincide with the beginning of Speedweek in Daytona Beach, Florida under its previously announced partnership with Rick Ware Racing in the NASCAR Monster Energy Cup Series. Approximately 200,000 race fans are expected to attend Speedweek to experience the Super Bowl of stock car racing, the Daytona 500. SDI and Byrna will be sponsors of the #51 Rick Ware Racing Ford driven by Cody Ware. Attendees during Speedweek on February 9-17, 2019 will have a chance to meet with the driver, Cody Ware, and Team Owner, Rick Ware, and see the new paint scheme for the Byrna Ford. Special introductory pricing will be offered to race fans who purchase a Byrna HD at the SDI sponsored booth during Speedweek.

“We believe the completion of validation testing is paramount to our commercial rollout, ensuring top quality, performance and safety on a global scale,” stated Bryan Ganz, President of SDI. “Initial indications of interest are extremely encouraging. As we look into 2019, the formal launch of our Byrna HD will be at the Daytona 500 in February and we couldn’t be more thrilled to be working with the entire team at Rick Ware Racing. We expect to have a robust press release schedule in the new year as we will launch our new e-Commerce store and fulfill our 3,000-unit purchase order in South Africa,” concluded Ganz.

Race Events Under Sponsorship in 2019:

DAYTONA 500
Date: February 17^th, 2019
Location: Daytona International Speedway, Daytona Beach, FL, 32114
Event Website: http://www.daytonainternationalspeedway.com/Events/2019/DAYTONA-500/DAYTONA-500.aspx

Folds of Honor-Quick-Trip 500
Date: February 24^th, 2019
Location: Atlanta Motor Speedway, Hampton, GA, 3028
Event Website: https://www.atlantamotorspeedway.com/nascar/folds-of-honor-quiktrip-500/

Pennzoil 400
Date: March 3^rd, 2019
Location: Las Vegas Motor Speedway, Las Vegas, NV, 89115
Event Website: http://www.lvms.com/tickets/nascar/pennzoil-400/

Ticket Guardian 500
Date: March 10^th, 2019
Location: ISM Raceway, Phoenix, AZ, 85338
Event Website: http://www.ismraceway.com/Events/Spring-Race-Weekend.aspx

Auto Club 400
Date: March 17^th, 2019
Location: Auto Club Speedway, Fontana, CA 92335
Event Website: https://www.autoclubspeedway.com/Tickets-and-Events/Events/Auto-Club-400.aspx

STP 500
Date: March 24^th, 2019
Location: Martinsville Speedway, Ridgeway, VA, 24148
Event Website: http://www.martinsvillespeedway.com/

About Security Devices International
Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company’s investor relations site here.

About the Byrna™ HD Personal Security Device
The Byrna™ HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining, ease of carry, effectiveness in deterring or stopping an intruder and accessible price point (under $300) should be appealing to individuals who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna™ HD comes with multiple easily reloadable magazines that can hold .68 caliber training rounds, impact rounds or highly effective payload rounds designed to burn an assailant’s eyes and respiratory system upon contact. It will also be able to hold inert rounds and impact rounds that can be used for training. Accurate up to 60 feet, the Byrna™ HD is fitted with a picatinny rail that allows owners to mount either a laser sight or flash light making it easy for novices to fire it accurately. The Byrna™ HD is ideal for today’s homeowners, boaters, truckers, outdoor enthusiasts and gun enthusiasts around the world. For more information on the Byrna™, please click here.

The Byrna HD is not a “firearm” under federal law and does not require a federal gun license. State laws and local ordinances may regulate its possession, use, and carry in certain localities. More information on these types of regulations will be available on our website before the launch.

Forward Looking Statement
This news release includes certain “forward looking statements” reflecting management’s current expectations of future events including, without limitation, those about the anticipated production, delivery, effectiveness, legality, performance, sales, and marketing of the Byrna™ HD, and the anticipated market response. These statements involve risks and uncertainties, and actual results may differ from current expectations. Risks and uncertainties include without limitation: design flaws uncovered during testing; production problems that cause manufacturing or shipping delays, quality problems, or cost overruns; the Company’s dependence in part or in whole on the performance of third parties including those located outside the United States in connection with sourcing of components, distribution and resale, and logistic and assembly services; the dependency of the Company on proprietary and other intellectual property, which may not be available to the Company on commercially reasonable terms or at all; the impact of unfavorable legal proceedings, including intellectual property disputes; the impact of state and local laws and regulation or changes to laws and regulations including licensing, registration, and certification laws related to sale, possession or use of Byrna products or pepper-based defense products; the ability of the Company to manage risks associated with its activities at a manageable cost, including complying with applicable laws and regulations, and renewing and maintaining adequate insurance; and competition from less expensive or superior products that may be developed. 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.

Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/44533957-a245-4cd5-bb98-2e48fbe1a602

WAKEFIELD, Mass., Nov. 29, 2018 (GLOBE NEWSWIRE) -- Security Devices International Inc. (“SDI” or the “Company”) (CSE: SDZ) (OTCQB: SDEV), an emerging non-lethal technology company, will host its Annual Shareholder Meeting on December 11, 2018 at 10:00 a.m. Eastern time at the Sheraton Four Points in Wakefield, Massachusetts. Management will provide an overview of the Company's business during the annual shareholder meeting followed by a question and answer session.

During the AGM the Company will have a live simulcast from Thomasville, North Carolina, home of Rick Ware Racing and the #51 Byrna NASCAR Chevrolet. Shareholders will have a chance to speak with the driver, Cody Ware, Team Owner, Rick Ware and see the new paint scheme for the Byrna Chevrolet. We will discuss Byrna’s role in the upcoming NASCAR season where we believe the NASCAR fan base represents the ideal target market for the Byrna.

Stockholders of record at the close of business on November 5, 2018, may vote at the meeting and all current shareholders are welcome to attend SDI’s formal presentation. SDI’s proxy statement was made available to these stockholders on November 21, 2018 and viewable on the company’s investor relations site here.

About Security Devices International

Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company’s investor relations site here.

About the Byrna™ HD Personal Security Device

The Byrna™ HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining (no gun license required), ease of carry, effectiveness in deterring or stopping an intruder and accessible price point (under $300) should be appealing to homeowners who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna™ HD comes with multiple easily reloadable magazines that can hold either training rounds, impact rounds or highly effective .68 caliber chemical payload rounds designed to burn an assailant’s eyes and respiratory system upon contact. Accurate up to 60 feet, the Byrna™ is fitted with a picatinny rail that allows owners to mount either a laser sight or flash light making it easy for novices to fire it accurately. The Byrna™ HD is ideal for today’s homeowners, boaters, truckers, outdoor enthusiasts and gun enthusiasts around the world. For more information on the Byrna™, please click here.

Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
[email protected]

WAKEFIELD, Mass., Nov. 26, 2018 (GLOBE NEWSWIRE) -- Security Devices International Inc. (“SDI” or the “Company”) (CSE: SDZ) (OTCQB: SDEV), an emerging non-lethal technology company, has been invited to present at the 11th Annual LD Micro Main Event being held on December 4-6, 2018 at the Luxe Sunset Boulevard Hotel in Los Angeles, California.

SDI President Bryan Ganz is scheduled to present on Wednesday, December 5^th at 12:30 p.m. Pacific time in Track 4 with one-on-one meetings held throughout the conference. During SDI’s presentation, management will be showcasing their newly introduced Byrna™ HD (Home Defense) non-lethal device aimed at the home defense and personal security markets. Participants attending the company’s presentation will also have the opportunity to receive a free Byrna HD.

For additional information or to schedule a one-on-one meeting with SDI management, please log-in via the link provided in your invitation or contact your LD Micro representative. You may also email your request to [email protected] or call Chris Tyson at (949) 491-8235.

The Byrna™ HD (Home Defense) is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its patented design, compact size, five-round magazine, laser sight adaptability and point and shoot capabilities will make the Byrna™ a truly effective personal security device offering many of the same features as today’s popular handguns, but with one critical difference – it fires non-lethal rounds which do not result in the loss of human life. Instead, the Byrna™ delivers a chemical payload that causes an immediate burning sensation in the attacker’s eyes and respiratory system (hence the name “bur-nah”) thereby Deterring, Disorienting, Disrupting and Delaying an attacker, providing time to escape or call for assistance.

The Byrna™ HD will not require a gun license and has a starting price of $299. It will be able to be fitted with laser sights or flashlights and fit easily in either an inside the waistband or tactical holster. The Byrna™ HD was designed for those wanting a way to stop an attacker at standoff distances far beyond what is generally available on the market today (except with a lethal device), in order to disarm a threat before it escalates out of control and without the need to use deadly force. Its ease of use and obtainability will make it a natural choice for both those homeowners that would never own a gun as well as a must-have add-on to any gun enthusiast’s firearms collection.

Limited production will be available in the United States starting in January 2019 with pre-orders starting in late December 2018. For more information or to pre-order limited quantities for early 2019 delivery, please visit www.Byrna.com.

About the 11th Annual LD Micro Main Event Conference
LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event). In 2015, LDM launched the first pure microcap index (the LDMi), which covers stocks in North America with market capitalizations between $50M-$300M to exclusively provide intraday information on the entire sector. It is a non-registered investment advisor. For more details, please click here.

About Security Devices International
Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company’s investor relations site here.

About the Byrna™ HD Personal Security Device
The Byrna™ HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining (no gun license required), ease of carry, effectiveness in deterring or stopping an intruder and accessible price point (under $300) should be appealing to homeowners who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna™ HD comes with multiple easily reloadable magazines that can hold either training rounds, impact rounds or highly effective .68 caliber chemical payload rounds designed to burn an assailant’s eyes and respiratory system upon contact. Accurate up to 60 feet, the Byrna™ is fitted with a picatinny rail that allows owners to mount either a laser sight or flash light making it easy for novices to fire it accurately. The Byrna™ HD is ideal for today’s homeowners, boaters, truckers, outdoor enthusiasts and gun enthusiasts around the world. For more information on the Byrna™, please click here.

Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
[email protected]

WAKEFIELD, Mass., Nov. 14, 2018 (GLOBE NEWSWIRE) -- Security Devices International Inc. (“SDI” or the “Company”) (CSE: SDZ) (OTCQB: SDEV), an emerging non-lethal technology company, has received a 3,000 unit purchase order for its Byrna™ HD non-lethal personal security device from Dave Sheer Guns, a leading distributor of firearms and accessories in Africa.

The initial purchase order includes 1,500 units in all black for the law enforcement and private security markets and 1,500 units in desert tan for the consumer market in South Africa. Dave Sheer Guns commenced operations in 1974 and is now one of the leading distributors of firearms and accessories on the African continent.

The Byrna™ HD (Home Defense) is a disruptive new non-lethal device aimed at the home defense and personal security markets.  Its patented design, compact size, five-round magazine, laser sight adaptability and point and shoot capabilities will make the Byrna™ a truly effective personal security device offering many of the same features as today’s popular handguns, but with one critical difference – it fires non-lethal rounds which do not result in the loss of human life. Instead, the Byrna™ delivers a chemical payload that causes an immediate burning sensation in the attacker’s eyes and respiratory system (hence the name “bur-nah”) thereby Deterring, Disorienting, Disrupting and Delaying an attacker, providing time to escape or call for assistance.   

“The South African market is ideal for Byrna™ sales as it is a microcosm of the much broader clash of societal forces clamoring for better security but at the same time, limiting handgun ownership,” said Paul Jensen, CEO of SDI. “The team at Dave Sheer Guns saw a natural void in their product offering that Byrna™ could fill based on increased interest from customers looking for an economical and concealable non-lethal alternative.”

“We believe South Africa represents a greenfield opportunity for Byrna™ adoption as only 6% of the South African population own a firearm due to strict gun control laws,” added Bryan Ganz, President of SDI. “Providing a safe, non-lethal alternative for personal security will not only keep that statistic low, but also ensure much needed protection for today’s consumer and law enforcement personnel,” concluded Ganz.

The Byrna™ HD will not require a gun license and has a starting price of $299. It will be able to be fitted with laser sights or flashlights and fit easily in either an inside the waistband or tactical holster.  The Byrna™ HD was designed for those wanting a way to stop an attacker at standoff distances far beyond what is generally available on the market today (except with a lethal device), in order to disarm a threat before it escalates out of control and without the need to use deadly force.  It’s ease of use and obtainability will make it a natural choice for both those homeowners that would never own a gun as well as a must-have add-on to any gun enthusiast’s firearms collection.

Limited production will be available in the United States starting in January 2019 with pre-orders starting in late December 2018. For more information or to pre-order limited quantities for early 2019 delivery, please visit www.Byrna.com.

About Dave Sheer Guns
Dave Sheer Guns is one of the leading distributors of firearms and accessories on the African continent. It has been in operation since 1974. In the earliest days it was purely a Gunsmithing operation but today offers a range of products covering the entire spectrum of the personal, business and security protection fields. Dave Sheer Guns has three Branches located in Bramley, Joburg City, and now in Pretoria. For more information on Dave Sheer Guns, please click here.

About Security Devices International
Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company’s investor relations site here.

About the Byrna™ HD Personal Security Device
The Byrna™ HD is a disruptive new non-lethal device aimed at the home defense and personal security markets.  Its small size (similar to popular lethal handguns on the market today), ease of obtaining (no gun license required), ease of carry, effectiveness in deterring or stopping an intruder and accessible price point (under $300) should be appealing to homeowners who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna™ HD comes with multiple easily reloadable magazines that can hold either training rounds, impact rounds or highly effective .68 caliber chemical payload rounds designed to burn an assailant’s eyes and respiratory system upon contact.  Accurate up to 60 feet, the Byrna™ is fitted with a picatinny rail that allows owners to mount either a laser sight or flash light making it easy for novices to fire it accurately. The Byrna™ HD is ideal for today’s homeowners, boaters, truckers, outdoor enthusiasts and gun enthusiasts around the world.  For more information on the Byrna™, please click here.

Forward Looking Statement
This news release includes certain “forward looking statements” reflecting management’s current expectations of future events including, without limitation, those about the anticipated production, delivery, effectiveness, legality, performance, sales, and marketing of the Byrna™ HD, and the anticipated market response. These statements involve risks and uncertainties, and actual results may differ from current expectations. Risks and uncertainties include without limitation: design flaws uncovered during beta testing; production problems that cause manufacturing or shipping delays, quality problems, or cost overruns; the Company’s dependence in part or in whole on the performance of third parties including those located outside the United States in connection with sourcing of components, distribution and resale, and logistic and assembly services; the dependency of the Company on proprietary and other intellectual property, which may not be available to the Company on commercially reasonable terms or at all; the impact of unfavorable legal proceedings, including intellectual property disputes; the impact of changes to laws and regulations including licensing and certification laws; the ability of the Company to manage risks associated with its activities at a manageable cost, including complying with applicable laws and regulations, and renewing and maintaining adequate insurance; and competition from less expensive or superior products that may be developed.  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.

Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
[email protected]    

Byrna HD to be Featured in 2018 and 2019 NASCAR Monster Energy Cup Series on Team Rick Ware Racing No. 51 ‘Byrna’ Chevrolet Camaro

The Byrna™ HD (Home Defense) is a disruptive new non-lethal device aimed at the home defense and personal security markets.

WAKEFIELD, Mass., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Security Devices International Inc. (“SDI” or the “Company”) (CSE: SDZ) (OTCQB: SDEV), an emerging non-lethal technology company, has partnered with Rick Ware Racing (“Rick Ware”) to launch its Byrna HD non-lethal personal security device during the 2018 and 2019 NASCAR Monster Energy Cup Series.

The sponsorship marks the first of its kind for SDI and will bring the Byrna HD brand to the NASCAR Cup Series for the first time. Rick Ware’s newly-rebranded #51 ‘Byrna’ Chevrolet Camaro and driver’s racing suit will make its on-track debut this Sunday, November 4th at the “AAA Texas 500” Monster Energy NASCAR Cup Series Race at the Texas Motor Speedway. SDI will be a brand sponsor on Rick Ware Racing race cars for nine race events throughout the remainder of the 2018 season and the kick-off of the 2019 season at the final event of Speedweeks – the Daytona 500.

The Byrna™ HD (Home Defense) is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its patented design, compact size, five-round magazine, laser sight adaptability and point and shoot capabilities make the Byrna a truly effective personal security device offering many of the same features as today’s popular handguns, but with one critical difference – it fires non-lethal rounds which do not result in the loss of human life. Instead, the Byrna delivers a chemical payload that causes an immediate burning sensation in the attacker’s eyes and respiratory system (hence the name -“bur-nah”) thereby Deterring, Disorienting, Disrupting and Delaying an attacker – providing time to escape or call for assistance.

The Byrna HD requires no gun license and has a starting price of just $299. It can be fitted with laser sights or flashlights and fits easily in either an inside the waistband or tactical holster. The Byrna HD was designed for those wanting a way to stop an attacker at standoff distances far beyond what is generally available on the market today, (except with a lethal device) in order to disarm a threat before it escalates out of control and without the need to use deadly force. It’s ease of use and obtainability make it a natural choice for both those homeowners that would never own a gun as well as a must-have add-on to any gun enthusiast’s firearms collection. For more information or to pre-order limited quantities for early 2019 delivery, please visit www.byrna.com.

“We are proud to announce our partnership with Rick Ware Racing to launch our exciting new Byrna HD non-lethal personal security device in the NASCAR Monster Energy Cup Series,” said Bryan Ganz, President of SDI. “We believe our differentiated product is unique in as much as it is the only truly concealable non-lethal personal security device that can stop a threat at a distance. Rick Ware is widely known and universally respected within NASCAR and we believe his support will be instrumental in reaching a wide range of potential customers. We look forward to working closely with Rick and will be announcing product demonstrations featuring the Byrna HD,” concluded Ganz.

“I am truly honored to have the opportunity to work with Bryan and his team to raise awareness around the Byrna HD, which I view as a truly lifesaving product,” added Rick Ware, Owner of Rick Ware Racing. “I personally have many friends who would prefer to have a simple, non-lethal option for self-defense, but find the current market offerings lacking in range or effectiveness. I believe that the Byrna HD fills this gap with a product that is highly effective, completely concealable, yet still affordable to almost everyone. This is a product I can stand behind and am pleased to welcome them to the Rick Ware Racing team as a sponsor,” concluded Ware.

Race events under sponsorship:

NASCAR Monster Energy Cup Series Schedule – Security Devices International Sponsored Events:

AAA Texas 500
Date: November 4^th, 2018
Location: Texas Motor Speedway, Fort Worth, TX 76177
Event Website: http://www.texasmotorspeedway.com/tickets/aaa-texas-500-nascar-race-weekend/aaa-texas-500/

Can-Am 500
Date: November 11^th, 2018
Location: ISM Raceway, Phoenix, AZ 85338
Event Website: http://www.ismraceway.com/Races/Fall-Race-Weekend.aspx

Ford EcoBoost 400
Date: November 18^th, 2018
Location: Homestead-Miami Speedway, Homestead, FL 33035
Event Website: https://www.homesteadmiamispeedway.com/NASCAR-Championships/Ford-400.aspx

DAYTONA 500
Date: February 17^th, 2019
Location: Daytona International Speedway, Daytona Beach, FL 32114
Event Website: http://www.daytonainternationalspeedway.com/Events/2019/DAYTONA-500/DAYTONA-500.aspx

Folds of Honor-Quick-Trip 500
Date: February 24^th, 2019
Location: Atlanta Motor Speedway, Hampton, GA, 30228
Event Website: https://www.atlantamotorspeedway.com/nascar/folds-of-honor-quiktrip-500/

Pennzoil 400
Date: March 3^rd, 2019
Location: Las Vegas Motor Speedway, Las Vegas, NV 89115
Event Website: http://www.lvms.com/tickets/nascar/pennzoil-400/

Ticket Guardian 500
Date: March 10^th, 2019
Location: ISM Raceway, Phoenix, AZ 85338
Event Website: http://www.ismraceway.com/Races/Spring-Race-Weekend.aspx

Auto Club 400
Date: March 17^th, 2019
Location: Auto Club Speedway, Fontana, CA 92335
Event Website: https://www.autoclubspeedway.com/Tickets-and-Events/Events/Auto-Club-400.aspx

STP 500
Date: March 24^th, 2019
Location: Martinsville Speedway, Ridgeway, VA 24148
Event Website: http://www.martinsvillespeedway.com/

About NASCAR
The National Association for Stock Car Auto Racing (NASCAR) is an American auto racing sanctioning and operating company that is best known for stock-car racing. Its three largest or National series are Monster Energy NASCAR Cup Series, the Xfinity Series, and the Camping World Truck Series. NASCAR sanctions over 1,500 races at over 100 tracks in 39 US States as well as in Canada, Mexico and Europe and has presented races at the Suzuka and Motegi circuits in Japan, and the Calder Park Thunderdome in Australia. For more information on NASCAR and the Monster Energy NASCAR Cup Series, please click here. NASCAR® and its marks are trademarks of the National Association for Stock Car Auto Racing, Inc.

About Rick Ware Racing
Rick Ware Racing is an American professional stock car racing team which currently competes in the Monster Energy NASCAR Cup Series. The team has competed in NASCAR, the ARCA Racing Series, the WMA Motocross Series, AMA Arenacross, Motocross and Supercross Series, Summer X Games and Rolex Sports Car Series since 2008, and is owned by former driver Rick Ware. Rick Ware Racing made history at Daytona becoming the first Cup Series team in modern era to have two females serve as pit crew members. Brehanna Daniels and Breanna O’Leary changed tires for Ray Black Jr. during his fourth career Cup Series start. For more information on Rick Ware Racing, please click here.

About Security Devices International
Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV) is a technology company specializing in the areas of Personal Security Devices, Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions. For more information on SDI, please visit the corporate website here or the company’s investor relations site here.

About the Byrna HD Personal Security Device
The Byrna™ HD is a disruptive new non-lethal device aimed at the home defense and personal security markets. Its small size (similar to popular lethal handguns on the market today), ease of obtaining (no gun license required), ease of carry, effectiveness in deterring or stopping an intruder and accessible price point (under $300) should be appealing to both homeowners who want protection, but either don't want the hassle of obtaining a gun license or don't want the risk of having a hand gun in their home, as well as to gun enthusiasts who appreciate a precision piece of equipment and want something in their collection that is both effective and non-lethal.

The Byrna HD comes with multiple easily reloadable magazines that can hold either training rounds, impact rounds or highly effective .68 caliber chemical payload rounds designed to burn an assailant’s eyes and respiratory system upon contact. Accurate up to 60 feet, the Byrna is fitted with a picatinny rail that allows owners to mount either a laser sight or flash light making it easy for novices to fire it accurately. The Byrna HD is ideal for today’s homeowners, boaters, truckers, outdoor enthusiasts and gun enthusiasts around the world. For more information on the Byrna, please click here.

Forward Looking Statement

The information in this news release includes certain information and statements about management’s view and expectations of future events, results, expectations, achievements and performance, including NASCAR events, the company’s NASCAR partnership, and the production, release, and performance of the Byrna HD, and other plans and prospects that constitute forward looking statements. Risks and uncertainties including possible delays in production or product finalization, legal disputes or hurdles, competitors’ activities, unanticipated expenses or financing issues or factors in the exclusive control of NASCAR and Rick Ware may lead the actual events, results, expectations, achievements or performance to differ materially from those anticipated and indicated by these forward-looking statements. Although SDI believes that the expectations reflected in these 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.

Investor Relations

MZ North America
Chris Tyson
Managing Director
949-491-8235
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1886f689-7ec0-40db-b3cd-c3f2b365274f

WAKEFIELD, Mass.--(BUSINESS WIRE)-- (TSX-V: SDZ) (OTCQB: SDEV) Security Devices International Inc. (“SDI” or the “Company”) announces the signing of a Letter of Intent (“LOI”) with the King Abdullah II Design and Development Bureau (“KADDB”), the Hashemite Kingdom of Jordan.

The LOI was formalized to establish a partnership between SDI and KADDB to open a production line in Jordan to supply SDI’s less lethal 40mm munitions in the Middle East and North Africa (“MENA”) region. The Middle East Non-Lethal Weapons Market is expected to grow at a CAGR of 6.15% until 2020, according to the firm Research and Markets.

“We are very excited to develop our partnership with SDI,” said KADDB CEO Support Brig. Gen. Eng. Mohammad Arajneh, “SDI has proven themselves to be leaders in innovating new technologies that offer improved safety, accuracy and effectiveness in the use of less lethal force.”

Paul Jensen, President of SDI added, “KADDB is an ideal partner for SDI to introduce our patented collapsible head technology into one of our targeted areas, the MENA region. Jordan, through the establishment of KADDB, continues to demonstrate real leadership in the region by embracing innovative solutions and advanced technologies to serve National Security. We are honored to assist them in this worthy effort.”

For more information, visit us at the Special Operations Forces Exhibition and Conference (SOFEX), May 8-10, Amman Jordan, in the KADDB exhibit.

About Security Devices International

SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions.

About KADDB

KADDB is an independent government entity within the Jordan Armed Forces (“JAF”) aiming at becoming a global defense and security research and development hub in the region. The Bureau’s scope of work includes Defense Design and Development, Test and Evaluation, Technology Incubation in the Kingdom, and Defense Technology Training.

Forward-Looking Statements

• This press release contains forward-looking statements about SDI. Forward-looking statements may be identified by the use of words like “believe,” “expect,” “anticipate,” “estimate,” “plan,” “consider,” “project,” and similar references to the future. Forward-looking statements reflect SDI’s good-faith evaluation of information available at the time the forward-looking statements were made. These forward-looking statements are subject to a number of risks and uncertainties, and our actual results may differ materially from those projected. Please refer to SDI’s annual and quarterly reports filed with the SEC for a full discussion of those risks and uncertainties we view as most important. Forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved. As a result, actual outcomes and results may differ materially from those expressed in forward-looking statements. We undertake no obligation to update or revise forward-looking statements.

About Security Devices International
SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions.

NEITHER 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180423005340/en/

Security Devices International Inc.
Paul Jensen
President & COO
[email protected]
www.securitydii.com

Source: Security Devices International Inc.

WAKEFIELD, Mass.--(BUSINESS WIRE)-- (TSX-V: SDZ) (OTCQB: SDEV) Security Devices International Inc. (“SDI” or the “Company”) announces the signing of a Definitive Agreement with André Buys of South Africa to purchase certain registered patents and designs, provisional patents and designs, drawings, testing results, molds, prototype products and other intellectual property in exchange for cash and/or stock in the Company, as well as a stream of royalty payments to Mr. Buys. As part of the agreement, Mr. Buys will join the Company as Chief Technology Officer (“CTO”) and Manager, New Product Development.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180416005502/en/

Round “paint balls” and SDI’s patented finned projectile. (Photo: Business Wire)

These patents and related Intellectual Property (“IP”) focus on a new less lethal delivery system that delivers chemical irritants from handgun-like “Personal Security Devices (PSDs).” Employing a shaped (finned) projectile, rather than a round ball, SDI expects to offer less lethal security devices that have the same or better accuracy than comparable conventional firearms.

The shaped rounds, to be marketed under the Company’s Mini Ball™ tradename, are expected to be accurate to within two to four inches at 100’ and will be able to deliver up to four times the active ingredient of a round ball, providing tremendous stopping power. The combination of accuracy and enhanced payload should make SDI’s PSDs extremely effective less lethal alternatives.

Code-named “Stingray,” the Stingray HD (Home Defense) is a light-weight, .68 caliber hand-held personal security device equipped with a 7-round magazine and capable of accurately and effectively engaging a target at up to 60 feet – less lethally and without causing serious injury. The Stingray PE (Professional Edition) PSD is a .49 caliber 12-round PSD targeted at professional security personnel who are increasingly called upon to engage in life-threatening situations but don’t have access to or reject the use of lethal force. Aside from traditional law enforcement, this potential market includes private security guards, campus police, first responders and even teachers. Sophisticated gun owners and higher-end consumers may also opt for the high-end Stingray PE. The Stingray PE fires an aerodynamically shaped finned projectile that offers unprecedented accuracy and greater payloads at ranges up to 200 feet. Pump action shoulder fired devices, catering to the SWAT, anti-riot and corrections officer markets, utilizing the same technology, are planned for 2019.

SDI believes that this newly acquired technology can be scaled both up and down in size. The PSDs (shown above) will be the same size as the most popular firearms, allowing them to fit easily into a holster, purse, nightstand drawer or jacket pocket. With a planned roll out in late 2018, management believes that these PSDs will be extremely popular for home defense, private security, school and campus security, as well as SDI’s traditional law enforcement and correctional services markets. SDI also anticipates developing versions of the round and launcher that can be used in the animal husbandry and agricultural industries to deliver medications, herbicides, pesticides and/or marking rounds. For 2019, the Company is planning to scale up the technology so that it can be used with a new gas-fired 40mm launcher, shooting rounds equipped with SDI’s patented collapsible head technology.

“We are very excited to welcome André Buys to SDI as our CTO,” said Dean Thrasher, CEO of SDI. “SDI has always prided itself on being the industry leader in less lethal technology. André’s impressive body of work, which includes innovative gas-fired devices and patented finned projectiles, brings the industry and consumers a whole new range of alternatives to the use of lethal force. Given everything that is going on in this country with violence, gun control, school security and the outrage over excessive use of force,” said Thrasher, “the need for technology to engage threats at the Point of Incident – within seconds not minutes - without the risk of life, has never been greater.”

Paul Jensen, President and COO of SDI, added, “We are very excited about these new products because they will bring the same kind of less lethal options currently available only to the military, corrections and law enforcement agencies to a much broader range of users, including homeowners, private security guards and potentially schools. There are over 120 million households in the US, over 1 million private security guards and over 150 million gun-owners; all are potential users of this new technology. People want security but, as we have seen over and over again in the media, are increasingly intolerant of the use of lethal force when other means of engagement are available. Through technology, we are making those means available, on a very wide scale basis – and saving lives in the process.”

“I have spent much of my career developing devices and munitions to overcome the inherent inaccuracies of paintball-type projectiles and other round projectiles used in law enforcement and corrections,” said Mr. Buys. “The patented fin-projectile technology has been proven to have the lowest shot dispersion of all known less lethal gas-fired projectiles and its unique design offers greater payload capacity, significantly increasing its effectiveness. It is a real pleasure to be associated with professionals who share my passion for bringing this timely and much-needed technology to market quickly, in order to satisfy this immediate need.”

The Company also announces the issuance of 1,500,000 options under the SDI option plan to specified management. These options have an expiry date of April 12, 2025 with an exercise price of USD$0.15 and a trigger price of USD$0.30, USD$0.50, and USD$1.00 for each batch of 500,000 options, respectively. The Company’s stock price must close above the trigger price for 20 consecutive days in order for the option to be triggered.

Forward-Looking Statements

This press release contains forward-looking statements about SDI. Forward-looking statements may be identified by the use of words like “believe,” “expect,” “anticipate,” “estimate,” “plan,” “consider,” “project,” and similar references to the future. Forward-looking statements reflect SDI’s good-faith evaluation of information available at the time the forward-looking statements were made. These forward-looking statements are subject to a number of risks and uncertainties, and our actual results may differ materially from those projected. Please refer to SDI’s annual and quarterly reports filed with the SEC for a full discussion of those risks and uncertainties we view as most important. Forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved. As a result, actual outcomes and results may differ materially from those expressed in forward-looking statements. We undertake no obligation to update or revise forward-looking statements.

About Security Devices International

SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions.

NEITHER 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180416005502/en/

Security Devices International Inc.
Dean Thrasher
CEO
[email protected]
www.securitydii.com

Source: Security Devices International Inc.

WAKEFIELD, Mass.--(BUSINESS WIRE)-- (TSX-V: SDZ) (OTCQB: SDEV) Security Devices International Inc. (“SDI” or the “Company”) announces the release of its ground-breaking 40mm Collapsible Head Impact Projectile (“CHIP”) round.

The CHIP incorporates the Company’s patented collapsible head technology used in its state-of-the-art 40mm Blunt Impact Projectile (BIP).

The CHIP addresses the less-lethal market both domestically and internationally. The price point of the CHIP allows SDI to compete for international tenders where price is a key driver in the purchasing decision. The CHIP’s modular design and ease of assembly also suits it ideally for licensing of manufacturing and distribution in targeted geographic regions.

The Company has conducted third-party testing according to newly-released NATO AEP-99 Thorax Injury Risk Assessment of Less-Lethal Projectiles. The CHIP proved safe at all ranges from 0 to 80 meters.

“This testing confirms once again that the patented collapsible head technology allows for delivering a significantly greater kinetic energy in a way that is both safe and cost-effective,” said Paul Jensen, President & COO of SDI, adding that, “we think it is a real game-changer in the highly competitive market for less-lethal munitions increasingly demanded by law enforcement and corrections around the globe.”

The Company has made a further share issuance to Northeast Industrial Partners under the consulting agreement announced on June 16, 2017. SDI issued 507,550 common shares at a deemed price of $0.1584 per share to satisfy the payment of USD $62,500 due in December 2017. The shares are subject to a four-month hold period.

Northeast Industrial Partners is controlled by Bryan Ganz, who is the Company’s Executive Chairman. Northeast Industrial Partners is a related party of SDI under Multilateral Instrument 61-101 ("MI 61-101"). SDI is exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101 in connection with this issuance.

The Company has also made a share issuance to Paul Jensen under the employment agreement announced August 28, 2017. SDI issued 339,370 common shares at a deemed price of CAD$0.1830 per share to satisfy the payment of USD $50,000 due in January 2018. The shares are subject to a four-month hold period.

Mr. Jensen is a related party of SDI under Multilateral Instrument 61-101 ("MI 61-101"). SDI is exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101 in connection with this issuance.

About Security Devices International

SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions.

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. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180307005757/en/

Security Devices International Inc.
Dean Thrasher, 978-868-5011 ext. 104
CEO
www.securitydii.com

Source: Security Devices International Inc.

WAKEFIELD, Mass.--(BUSINESS WIRE)-- (TSX-V:SDZ) (OTCQB:SDEV) Security Devices International Inc. (“SDI” or the “Company”) announces the sale of 35,783,612 units on a private placement basis for gross proceeds of USD$3,793,063.

Each unit consists of one common share of SDI stock and one-half of a warrant. Each whole warrant is exercisable for one common share of SDI stock on or before November 28, 2022 at an exercise price of USD$0.18. If the average closing price of the common shares is over USD$0.36 per share for a period of 20 consecutive trading days ending after November 28, 2019, SDI may give notice to the registered holders of the warrants accelerating the expiry date to a date not less than 30 days following the date of that notice.

J Streicher Capital, LLC (the “Agent) acted as exclusive agent for the brokered portion of the private placement which totaled USD$1,922,348. The Agent received a cash commission of USD$60,669 and 572,354 agent warrants. Each agent warrant is exercisable for one common share of SDI stock on or before November 28, 2022 at an exercise price of USD$0.15. If the closing price of the common shares is over USD$0.30 per share for a period of 20 consecutive trading days ending after November 28, 2019, SDI may give notice accelerating the expiry date of the agent warrants to a date not less than 30 days following the date of that notice.

The issuer raised an additional USD$1,870,715 in a non-brokered transaction on which no commission was due. SDI has applied USD$1,757,671 of these net proceeds to pay out all the senior convertible debentures issued by SDI on December 7, 2016, as well as an additional USD$113,044 in debt.

The securities issued in the private placement are restricted and subject to a four-month holding period that expires on March 28, 2018 under TSXV stock exchange rules and Canadian securities legislation, and a six-month holding period expiring on May 28, 2018 under US securities laws.

SDI’s CEO Dean Thrasher commented on the funding, “Closing the financing gives the Company the capital to expand our intellectual property licensing efforts as well as launch our e-commerce store where the company plans to offer its products online to law enforcement and correctional services end-users.”

Paul Jensen, SDI’s President, commented on the opportunities that this additional capital provides for SDI. “SDI is looking to expand into new areas with new and exciting products. This additional capital will allow the company to increase its research and development efforts as it looks to bring innovative new products to market.”

SDI issued USD$297,262 of units to subscribers who are related parties of SDI under Canadian Multilateral Instrument 61-101 ("MI 61-101"). SDI is exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101, as described in more detail in the material change report to be filed in connection with this private placement. Having regard to these exemptions and the Company’s desire to close the private placement as soon as possible, the Company believes that it was reasonable to close the private placement prior to that material change report.

The units, warrants, agent warrants, and the shares of common stock issuable upon exercise of the warrants and agent warrants were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.

About Security Devices International

SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions.

Forward Looking Statements

This news release contains forward-looking statements. More particularly, this news release contains statements about the anticipated use of proceeds and the sufficiency of the proceeds to launch SDI’s e-commerce strategy of online munition sales. The forward-looking statements are based on certain expectations and assumptions made by the Company. Although the Company believes that those expectations and assumptions are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those anticipated due to a number of factors and risks. The intended use of the net proceeds of the offering could change if the Company determines that it would be in the best interests of the Company to use the proceeds for some other purpose. The proceeds may not be sufficient to launch the e-commerce strategy if costs exceed current estimates or the proceeds are reallocated for a different purpose. The forward-looking statements contained in this press release are made as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

Neither 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171128006602/en/

Security Devices International Inc.
Dean Thrasher, 905-582-6402
Chief Executive Officer
[email protected]

Source: Security Devices International Inc.

WAKEFIELD, Mass.--(BUSINESS WIRE)-- Security Devices International Inc.

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES

TSX-V: SDZ - Security Devices International Inc. (“SDI” or the “Company”) announces that it is undertaking a private placement to raise up to USD$4,500,000 from the sale of units at a price of USD$0.106 each.

Each unit consists of one common share of SDI and half a warrant. Each whole warrant is exercisable for one common share of SDI during the 60 months following the first closing of the private placement at an exercise price of USD$0.18. If the average closing price of the common shares is over USD$0.36 per share for a period of 20 consecutive trading days ending more than 2 years after the first closing, the Issuer may give notice to the registered holders of the warrants accelerating the expiry date to a date not less than 30 days following the date of that notice.

SDI has engaged J Streicher Capital, LLC (the “Agent) to act as exclusive agent for the Company in the offering. The agent will receive a cash commission, as a percentage of the gross proceeds from the sale of units, equal to between 1.75% and 7% depending on the subscriber. The Agent will also receive warrants, calculated as a percentage of the number of units issued in the private placement, which is between 1.75% and 7% depending on the subscriber. Each agent warrant is exercisable for one common shares of SDI during the 60 months following the first closing at an exercise price of USD$0.15. If the closing price of the common shares is over USD$0.30 per share for a period of 20 consecutive trading days ending more than two years after the first closing, the Issuer may give notice accelerating the expiry date of the agent warrants to a date not less than 30 days following the date of that notice.

The net proceeds of the offering will be used to pay down debt, for capital expenditures related to the acquisition of molds and for working capital purposes.

The private placement is subject to the approval of the TSX Venture Exchange.

SDI expects to issue units to subscribers who are related parties of SDI under Multilateral Instrument 61-101 ("MI 61-101"). The amount of those subscriptions is to be determined. SDI is exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101, as described in more detail in the material change report to be filed in connection with this private placement.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.

Paul Jensen

SDI also reports that it has entered into an employment agreement with Paul Jensen pursuant to which Mr. Jensen serves as President and Chief Operating Officer of the Company. Mr. Jensen will receive an annual salary of $200,000, payable as follows. For the period beginning on October 1, 2017 and ending on June 30, 2018, Mr. Jensen will receive quarterly payments of common stock, to be issued 15 days after the end of each three-month quarter. The shares issued shall be valued based upon the weighted average closing price of the Company’s shares for the twenty (20) trading days prior to the end of the applicable quarter. Commencing July 1, 2018, the Company will pay $10,000 per month in cash and the balance in Company stock. At such time as the Company can pay the entire salary in cash and be cash positive on an operating basis, the entire monthly salary will be paid in cash.

The issuance of shares to Mr. Jensen must be approved by disinterested shareholder approval because Mr. Jensen will be an insider of the Company and the issuance of shares will exceed 1% of the issued and outstanding shares during a twelve month period.

About Security Devices International

SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions.

Forward Looking Statements

This news release contains forward-looking statements. More particularly, this news release contains statements about the anticipated use of proceeds and anticipated subscriptions from related parties under MI 61-101. The forward-looking statements are based on certain expectations and assumptions made by the Company. Although the Company believes that those expectations and assumptions are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those anticipated due to a number of factors and risks. In addition to other risks, the amount and timing of the funds raised in the offering (if any) will depend on investor interest and the receipt of stock exchange approval. Accordingly, there is a risk that the offering will not be completed within the anticipated time or at all. The intended use of the net proceeds of the offering could change if the Company determines that it would be in the best interests of the Company to use the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

Neither 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171106006517/en/

Security Devices International Inc.
Dean Thrasher, (905) 582-6402
Chief Executive Officer
[email protected]

Source: Security Devices International Inc.

WAKEFIELD, Mass.--(BUSINESS WIRE)-- (TSX-V: SDZ) (OTCQB: SDEV) Security Devices International Inc. (“SDI” or “The Company”) appoints a new President & COO, details the winning of a national 40mm tender with the Royal Canadian Mounted Police (“RCMP”), and announces changes to its board of directors.

SDI appoints Paul Jensen as the Company’s new President & COO effective October 1, 2017.

Mr. Jensen is a seasoned, global executive with direct experience in developing high-performance teams, managing complex projects, and building a global network of trusted advisors and business partners. His experiences have been focused on plastics contract manufacturing, the defense sector, technology licensing, and managing intricate, multi-national programs. Paul has extensive business experience in the Middle East in both the public and private sectors of defense.

Mr. Jensen’s tenures include: co-founding HALO Maritime Defense Systems, an award winning technology company offering the world’s most advanced marine automated security system with 13 patents and over $300 million in naval and defense opportunities; Nypro Inc., a billion dollar plastics injection molding contract manufacturer, where Paul held senior management positions for nearly two decades (directed a business unit with $150 million in sales); and positions with Kodak and GE as well as the United States Army - 9 years active duty serving in command positions with the 82nd Airborne Division and XVIIIth Airborne Corps, leading up to Operation Urgent Fury, and on the Staff and Faculty, U.S. Military Academy, as an Assistant Professor of Chemistry – Paul was twice awarded the Meritorious Service Medal.

A Distinguished Graduate of the United States Military Academy at West Point (1977), Paul received his M.S. in Chemistry from M.I.T. (1979 – Fannie and John Hertz Fellow) and holds an M.B.A. with honors from Golden Gate University (1982). He is a graduate of the Senior Executive Program at the University of Tennessee and has served on the adjunct faculty at the Fuqua School of Business, Duke University.

Mr. Jensen’s wealth of practical experience will assist the Company well in the next phase of its global growth.

RCMP Awards its Request for Standing Offer Tender for 150,000 40mm less lethal rounds to SDI’s Technology Partner which uses the SDI “Collapsible Head Projectile” in the production of its 40mm “Def-Tec” BIP

SDI is pleased to announce that the Royal Canadian Mounted Police recently announced the awarding of its request for standing offer tender for its requirement of 40mm less lethal rounds. They selected the round submitted by SDI’s North American licensee, The Safariland Group. The winning round is produced using SDI’s patented collapsible head technology, the blunt impact projectile (BIP) married to Safariland’s proprietary propulsion system. It is marketed under the brand name Defense Technology BIP.

The RCMP tender specification called for a 40mm round that “featured a collapsible expandable gel-nose head with an expander piston arrangement that will absorb and disperse energy over a wider impact area.” Only SDI’s patented collapsible head projectile qualified.

The tender is for 150,000 rounds over a three-year period with an option for an additional 150,000 over an additional two-year period. SDI began supplying the first rounds under their agreement with Safariland in August 2017. Paul Jensen, President of SDI stated, “this win validates the disruptive nature of the collapsible head technology, and the Company believes that this will be but the first of a number of government tenders that the BIP will win through its partnership with The Safariland Group.”

SDI shifts its focus to a Licensing model as it looks to sign agreements with strong partners around the globe that have world-class manufacturing capabilities and large distribution networks

The RCMP award through SDI’s North American licensing partner validates the concept of combining SDI’s state-of-the-art technology with strong partners globally, that have the distribution infrastructure and footprint to significantly grow SDI’s market penetration. The Company is in talks with several other geographically strategic entities, to license its patented 40mm technology. The licensing of the Company’s intellectual property will be an important part of SDI’s strategy on a go forward basis.

The shift in focus at SDI towards working with global technology partners that have established manufacturing capabilities and large in-place distribution networks will allow SDI to reduce its “boots on the ground” retail effort that currently focuses on direct sales to local police departments and correctional facilities. This will permit SDI to reduce operating costs by more than 50% from its 2017 run rate and will let SDI management focus its efforts on the signing of new technology partners and the development of its e-commerce efforts.

Changes to the SDI Board

Bryan Ganz has been appointed executive chairman of the Company from his current position as President. The Company welcomes Bryan to his new position as executive chair and looks forward to continued growth.

Keith Morrison has resigned from the Company’s board of directors as chairman. The Company would like to thank Keith for his guidance and support during his term on the board, as chairman.

Karim Kanji has also resigned from the board of directors. SDI would like to thank Karim for his contribution to the Company and wish him well in his future endeavours.

Share issuance to NEIP

SDI reports that it has made a further share issuance to Northeast Industrial Partners under the consulting agreement announced on June 20, 2016, and extended as announced on June 16, 2017. SDI issued 498,423 common shares at a deemed price of $0.1599 per share to satisfy the payment of USD $62,500 due in August 2017. The shares are subject to a four-month hold period expiring on December 26, 2017.

Northeast Industrial Partners is controlled by Bryan Ganz, who was the President and a director of SDI. Northeast Industrial Partners is a related party of SDI under Multilateral Instrument 61-101 ("MI 61-101"). SDI is exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101 in connection with this issuance.

About Security Devices International
SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions.

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. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170911005616/en/

For additional information contact:
Security Devices International Inc.
Dean Thrasher, 905-582-6402
CEO
Or visit: www.securitydii.com

Source: Security Devices International Inc.

PERRY, Florida--(BUSINESS WIRE)-- (TSX-V: SDZ) (OTCQB: SDEV) Security Devices International Inc. (“SDI” or “The Company”) is pleased to name Don Levantin to the board of directors as an independent member, effective immediately.

Mr. Levantin is a senior executive with a proven track record of positioning companies for growth, profitability and acquisition. He is currently the CEO and a board member of Amphora Inc., the leading global software solution and service provider for energy and commodity trading, risk management and logistics execution. With over 30 years experience, he is an accomplished strategist in conceptualizing, building and operating corporations on a global level in the commodity sector. Prior to leading Amphora, he was a co-founder of Commoditrack, a real-time mark-to-market and risk management platform for commodities, which was acquired by the Intercontinental Exchange (ICE) and later by Sungard Financial Systems. Prior to building and leading companies in the software sector, Mr. Levantin was a commodity trader with Philipp Brothers Commodity Corporation and Phibro Energy. Don holds a B.S. in Business and Economics from Lehigh University.

The Company has granted stock options to Mr. Levantin to purchase 99,667 common shares in the capital stock of the Company, exercisable for a period of 5 years, at a price of $0.20 CDN per share. The options will vest immediately. The grant of options remains subject to approval by the TSX Venture Exchange.

About Security Devices International
SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions.

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. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170821005538/en/

For additional information contact:
Security Devices International Inc.
Dean Thrasher, 905-582-6402
CEO
Or visit: www.securitydii.com

Source: Security Devices International Inc.

SDI will supply BIPs and payload projectiles to Safariland for integration with Safariland's proprietary propulsion system. These new rounds will be marketed under the industry-leading Defense Technology brand name. The first shipment of rounds was made as of the date of this press release.

SDI believes that this agreement with Safariland validates the more than five years of research and development that SDI has invested in the creation of the collapsible head 40mm round. SDI further believes that by working in partnership with Safariland, together the companies can reach a far larger market for the BIP than SDI would be able to reach on its own. Bryan Ganz, President of SDI, stated "This is an important agreement for SDI as Safariland has an extensive distribution network with access to a broad customer base that we know can benefit from the SDI technology."

About Security Devices International, Inc.

Security Devices International Inc. is an industry leader in the area of 40mm blunt impact projectile technology. Its patented collapsible head design has made it possible to fire a heavier projectile with improved accuracy and greater stopping power over a wider range of distances without significant risk of serious injury to the target. The increased operational range and greater stopping power of these rounds has provided a valuable less lethal tool for police, correctional services and anti-riot personnel.

About The Safariland Group

The Safariland Group is a leading global provider of a broad range of safety and survivability products designed for the public safety, military, professional and outdoor markets. The Safariland Group offers a number of recognized brand names in these markets including Safariland®, Med-Eng®, ABA®, Second Chance®, VIEVU®, Mustang Survival®, Bianchi®, Break Free®, PROTECH® Tactical, Defense Technology®, Hatch®, Monadnock®, Identicator® and NIK®. The Safariland Group's mission, "Together, We Save Lives", is inherent in the lifesaving and protective products it delivers. The Safariland Group is headquartered in Jacksonville, Florida.

The Safariland Group is a trade name of Safariland, LLC.

FORWARD-LOOKING STATEMENTS

Certain statements in this news release constitute forward-looking statements. These statements relate to future events or SDI's future performance and include the expansion of SDI's product offering. All such statements involve substantial known and unknown risks, uncertainties and other factors, which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of SDI believes are reasonable assumptions on the date of this news release, SDI cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and SDI disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

NEITHER 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:
Security Devices International Inc.
Bryan Ganz
President
Email: [email protected]
www.securitydii.com

Source: Security Devices International Inc.