Laval, Quebec - September 14, 2016 - Savaria Corporation (TSX: SIS) ("Savaria"), one of North America’s leaders in the accessibility industry, is pleased to announce that it has been added to the S&P/TSX Small Cap Index, effective as of the market open on Monday, September 19, 2016.
"We are honored by Savaria’s inclusion in the S&P/TSX Small Cap Index. This achievement is a testament to our strong operational performance and significant growth prospects, and a further reflection of the dedication and efforts of the entire Savaria team,” declared Marcel Bourassa, President and Chief Executive Officer of Savaria.
Savaria Corporation (savaria.com) is one of North America’s leaders in the accessibility industry. It provides accessibility solutions for the elderly and physically challenged to increase their mobility and independence. The diversity of its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, as well as elevators for home and commercial use. In addition, it converts and adapts vehicles to be wheelchair accessible. It also operates a network of franchisees and corporate stores through which new and recycled accessibility equipment is sold, as well as vehicle conversion in certain locations. Savaria operates a plant located in Huizhou (China), which increases its competitive edge. The Corporation records more than 60% of its revenue outside Canada, primarily in the United States. It operates a sales network of some 400 retailers and affiliates in North America and employs some 500 people. Its principal places of business are located in Laval (Quebec), Brampton (Ontario) and Huizhou (China).
For further information:
Hélène Bernier, CPA, CA
Vice President, Finance
1-800-931-5655, ext. 248
President and Chief Executive Officer