| | Certain statements made in this document are forward-looking statements within the meaning of the U.S. federal and applicable Canadian securities laws. Statements that include the words “expanding”, “expect”, “increasing”, “intend”, “plan”, “believe”, “project”, “estimate”, “anticipate”, “may”, “will”, “continue”, “further”, “seek”, “ongoing”, “commit” and similar words or statements of a future or forward-looking nature identify forward-looking statements. In particular and without limitation, this document contains forward-looking statements pertaining to SMART’s plans and expectations for fiscal 2016, our ability to reinvent the SMART brand by developing and bringing exciting and innovative new software and hardware solutions to market for both education and business customers, our ability to execute on our four key initiatives (including our ability to lead the interactive flat panel (IFP) market, monetize our software, enable the collaborative enterprise with SMART Enterprise Solutions, and revolutionize the dry erase board and flip chart with SMART kapp), our expectations regarding the transition away from IWBs to IFPs for front-of-classroom school displays, our expectation that our IFP business will exceed our interactive whiteboard (IWB) business driven by the continued expansion of our IFP product line in fiscal 2016, our expectations regarding the growing focus of education budgets on the use of personal devices and our ability to capitalize on this focus with SMART amp software, our expectation that we will continue to grow our education software business by bundling SMART amp and SMART Notebook together under one pricing model, adding new features and functionality to our software and deploying more SMART amp implementation specialists in fiscal 2016, our ability to monetize our signature SMART Notebook software, our expectation that Enterprise products will continue to be a healthy contributor to our results in fiscal 2016, the expectation that we will invest more than $30 million in kapp and supplement our original 42-inch model with the new 84-inch kapp in fiscal 2016, our ability to find additional ways to streamline our organization while developing new solutions, creating new routes to market, and attracting and developing our talent pool, and our expectation that we will advance our turnaround initiative and continue to evolve as a company, moving closer to our objectives of stabilization and growth. All forward-looking statements address matters that involve risks, uncertainties and assumptions. Accordingly, there are or will be important factors and assumptions that could cause our actual results and other circumstances and events to differ materially from those indicated in these statements. We believe that these factors and assumptions include, but are not limited to, those described under “Risk Factors” in our Form 20-F and in our Management’s Discussion and Analysis (MD&A) for the fiscal year ended March 31, 2015, both of which can be located on the SEDAR website at www.sedar.com or on the EDGAR section of the SEC’s website at www.sec.gov. Although we believe that the assumptions inherent in the forward-looking statements contained in this document are reasonable, undue reliance should not be placed on these statements, which only apply as of the date hereof. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. | | |
