News Releases

Avigilon Welcomes New CFO


Bradley Bardua, CA, brings extensive experience in leadership positions with fast-growing public companies

VANCOUVER, Jan. 23, 2012 /CNW/ - Avigilon (TSX:AVO), a leader in high-definition (HD) and megapixel video surveillance systems, today announced the appointment of Bradley Bardua, CA, to the position of chief financial officer effective immediately.

Mr. Bardua has extensive experience working with fast-growing public companies in sectors such as technology, gaming, hospitality and energy. Over the past two decades, he has helped companies raise hundreds of millions of dollars through equity and debt offerings in Canada and the US and has led teams responsible for mergers and acquisitions, financial management and corporate governance.

Recent positions include CFO roles at Pacific BioEnergy Corporation and Gateway Casinos, where he was a member of the senior leadership team overseeing a $250-million-a-year operation with 3,400 employees.

"Bradley is an excellent fit for Avigilon as we continue to expand our business in Canada and around the world," said Alexander Fernandes, President and CEO of Avigilon. "His operational management experience and capital markets expertise will help ensure that Avigilon effectively manages its resources and balances growth with profitability as we execute our global growth strategy."

Wan H. Jung, a director and co-founder of Avigilon, has stepped down from his role as CFO. Mr. Jung helped the company grow from a start-up in 2004 to a multinational leader offering a complete range of innovative high-definition surveillance systems.

Mr. Jung, who plans to retire from full-time work, will remain on Avigilon's board of directors and continue serving with the company as corporate secretary and in the capacity of advisor. He will also be available through to completion of the fourth quarter and year-end auditing process.

"Wan played key roles in growing Avigilon, developing our culture of innovation and customer service, completing our IPO, and positioning the company for long-term success," said Mr. Fernandes. "We are thankful for the exceptional work that he has done to date, and grateful that he will continue to play an important role going forward."

About Avigilon
Avigilon is a leader in the design, manufacturing, and marketing of high-definition, network-based video surveillance systems and equipment for the global security market. The Avigilon surveillance system has been designed to provide high quality video capture, transmission, recording, and playback. The components of the Avigilon system include cameras, recording hardware, and software which may be sold separately or in combination to provide customers with a customizable end-to-end video surveillance solution.