Qylur Intelligent Systems Inc. Files Amended & Restated Preliminary Prospectus for Initial Public Offering

/NOT FOR DISTRIBUTION IN THE UNITED STATES/

PALO ALTO, CA and TORONTO, March 28, 2018 /CNW/ - Qylur Intelligent Systems Inc. ("Qylur") today announced that it has filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada (except Québec) for a proposed initial public offering of its subordinate voting shares (the "Offering"). The number of subordinate voting shares to be sold and the price per subordinate voting share have not yet been determined.

The Offering is being led by Macquarie Capital Markets Canada Ltd. and includes BMO Nesbitt Burns Inc. and Paradigm Capital Inc. as underwriters.

The amended and restated preliminary prospectus contains important information relating to the subordinate voting shares and is still subject to completion or amendment. Copies of the amended and restated preliminary prospectus are available on SEDAR at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the subordinate voting shares until a receipt for the final prospectus has been issued.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The subordinate voting shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws. Accordingly, the subordinate voting shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Qylur in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Qylur
Qylur is a Silicon Valley company that uses intelligent machines to revolutionize business solutions in a variety of markets. The company's Industrial Internet-of-things platform empowers autonomous systems with collective Artificial Intelligence capabilities, creating adaptive solutions that sense, think, learn, and act. Qylur's solutions can help businesses displace linear, fragmented and manual processes with streamlined, automated and integrated systems. With its Qylatron Entry Experience solution, Qylur is helping large venues, including amusement parks and museums, mega events, sports and iconic venues, address the painful challenge of providing a great guest experience and effective security at the entryways. The AI-powered, autonomous Qylatron solution offer guests a fun, respectful and personalized self-service entry process, while helping venues continuously optimize their operations and provide the best possible security. For more information, visit www.qylur.com.

Qylur and Qylatron are trademarks of Qylur Intelligent Systems, Inc.

SOURCE Qylur Intelligent Systems Inc.

Janet Craig, [email protected]