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Wi2Wi Apprised of Supreme Court of Canada Decision Holding Former Directors Personally Liable for Oppression
TORONTO, ON and MIDDLETON, WI / ACCESSWIRE / August 7, 2017 / Wi2Wi Corporation (Wi2Wi or the...
About this update from Wi2wi Corp.
[{"type":"text","content":"Wi2Wi Apprised of Supreme Court of Canada Decision Holding Former Directors Personally Liable for OppressionTORONTO, ON and MIDDLETON, WI / ACCESSWIRE / August 7, 2017 / Wi2Wi Corporation (Wi2Wi or the Company) (TSX-V: YTY), advises that it is apprised of the decision of the Supreme Court of Canada in Wilson v. Alharayeri, 2017 SCC 39 holding two of its former directors personally liable for corporate oppression.\nThe Company was not a party to this action and the ruling by the Supreme Court of Canada states that the former directors are to be held responsible for their actions at the exclusion of Wi2Wi. The former directors are no longer affiliated with Wi2Wi.\nFor further information, please contact:\nZachariah Mathews\nChief Executive Officer\n408 416 4000\[email protected]\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nAbout Wi2Wi Corporation\nWi2Wi is a vertically-integrated technology company which designs, manufactures and markets high performance, low power wireless connectivity solutions, global navigation satellite system (GNSS) modules, and frequency control devices. The Company's products and services address numerous applications in the markets of Internet of Things (IoT), Machine to Machine (M2M), Avionics, Space, and Government Sponsored Projects. Wi2Wi's products and value-added services provide highly integrated, rugged, robust, and reliable multiprotocol wireless actuators with embedded software, along with customized timing and frequency control devices for customers, worldwide. The Company was founded in 2005 and is strategically headquartered in San Jose, California with satellite offices in Middleton, Wisconsin and Hyderabad, India. Wi2Wi's manufacturing operations, its laboratory for reliability and quality control, together with design and engineering for timing and frequency control devices are located in Middleton, WI. The branch office, located in Hyderabad, India, focuses on the development of wireless connectivity; both hardware and software. Wi2Wi's strategic objective is to service the unique needs of each customer by providing end to end wireless integration solutions and highly customizable timing and frequency control devices. Wi2Wi distinguish...