Ottawa,
ON, March 18, 2024 /PRNewswire/ -- Senstar
Technologies Corporation (NASDAQ: SNT), a leading
international provider of comprehensive physical, video and access
control security products and solutions, today announced the
completion of its redomiciliation process from Israel to Ontario,
Canada effective March 18,
2024. The shares of Senstar Technologies Corporation will
begin trading on the Nasdaq Global Market on March 19, 2024 under the symbol "SNT".
As previously announced on September 27,
2023, Senstar's Board of Directors believes that the
transition to Canada from
Israel better assists the Company
in achieving its strategic objectives. The redomiciliation
was approved by the shareholders of Senstar Technologies Ltd. on
December 27, 2023.
Gillian Beck, Chairman of Senstar
Technologies, stated, "Redomiciling Senstar Technologies from
Israel to Canada streamlines the corporate structure,
and entrusts the stewardship of the Company's strategic vision to
our seasoned Canadian leadership team."
Effective upon completion of the redomiciliation process,
Fabien Haubert, the interim CEO of
Senstar Technologies Ltd., became the CEO of Senstar
Technologies Corporation, and Alicia
Kelly, who previously served as Vice President of Finance,
assumes the CFO role that was previously held by Tomer Hay, the CFO of Senstar Technologies Ltd.,
who is based in Israel and elected
to step down from the role following the corporate redomiciliation
to Canada.
Ms. Kelly, who joined Senstar in 2019, had overseen global
accounting, financial reporting, controls, and financial planning
and analysis. With 20 years of diverse experience in financial
management and business leadership of high-tech corporations
boasting global development and manufacturing capacities, Ms. Kelly
held pivotal positions such as group controller and director within
supply chain and customer service functions.
Additional details concerning the redomiciliation process are
available in Senstar's Form 6-K filed today with the U.S.
Securities and Exchange Commission (the "SEC") on the Company's
website and at www.sec.gov.
About Senstar Technologies Corporation
With innovative perimeter intrusion detection systems (including
fence sensors, buried sensors, and above ground sensors),
intelligent video-management, video analytics, and access control,
Senstar offers a comprehensive suite of proven, integrated
solutions that reduce complexity, improve performance, and unify
support. For 40 years, Senstar has been safeguarding people,
places, and property for organizations around the world, with a
special focus on utilities, logistics, correction facilities and
energy market.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and forward-looking information
within the meaning of the Securities Act (Ontario), which we refer to collectively as
forward-looking statements. These forward-looking statements are
not limited to historical facts, but reflect Senstar's current
beliefs, expectations or intentions regarding future events. Words
such as "may," "will," "could," "should," "expect," "plan,"
"project," "intend," "anticipate," "believe," "seek," "estimate,"
"predict," "potential," "pursue," "target," "continue," and similar
expressions are intended to identify such forward-looking
statements. Because forward-looking statements relate to matters
that have not yet occurred, these statements are inherently subject
to risks and uncertainties that could cause our actual results to
differ materially from any future results expressed or implied by
the forward-looking statements. Many factors could cause actual
activities or results to differ materially from the activities and
results anticipated in forward-looking statements. Actual results
may differ materially from those projected as a result of certain
risks and uncertainties, including those risks discussed under the
heading "Risk Factors" in Senstar's most recent Annual Report on
Form 20-F filed with the SEC and in the final proxy
statement/prospectus contained in the Registration Statement.
These forward-looking statements are made only as of the date
hereof, and, except as required by applicable law or regulation,
Senstar undertakes no obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise.
For more information:
IR Contact:
Senstar Technologies Corporation
Brett Mass
Alicia Kelly
Managing Partner
Chief Financial Officer
Hayden IR
+ 1-613-839-5572
+1-646-536-7331
Alicia.Kelly@senstar.com
Brett@HaydenIR.com
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SOURCE Senstar Technologies Ltd.