MONTRÉAL, Feb. 21,
2025 /CNW/ - Imaflex Inc. ("Imaflex" or the
"Corporation") (TSXV: IFX) announced today that its operations have
been affected by a cyber security incident on certain of the
Corporation's systems.
Imaflex immediately took steps to contain and mitigate any
potential impact on the Corporation's data and operations. The
Corporation has launched a comprehensive investigation to fully
ascertain the source and the extent of the incident and is working
closely with third-party cybersecurity experts to support these
efforts in accordance with industry best practices. Although
Imaflex's operations have been impacted, it continues to
manufacture, ship and perform back-office functions consistent with
business requirements, albeit with some temporary
workarounds.
About Imaflex Inc.
Founded in 1994, Imaflex is
focused on the development and manufacturing of innovative
solutions for the flexible packaging space. Concurrently, the
Corporation develops and manufactures films for the agriculture
industry. The Corporation's products consist primarily of
polyethylene (plastic) film and bags, including metalized plastic
film, for the industrial, agricultural and consumer markets.
Headquartered in Montreal, Quebec,
Imaflex has manufacturing facilities in Canada and the United States. The
Corporation's common stock is listed on the TSX Venture Exchange
under the ticker symbol IFX. Additional information is
available at www.imaflex.com.
Cautionary Statement on Forward Looking
Information
Certain information included in this press
release, including relating to the impact of the cyber security
incident on the Corporation's operations and the Corporation's
ability to mitigate and address the risks and uncertainties related
to this incident, constitutes "forward-looking" statements within
the meaning of Canadian securities laws. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the management of
the Corporation, are inherently subject to significant business,
economic and competitive uncertainties, risks and
contingencies. The Corporation cautions the reader that such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual financial
results, performance, or achievements of Imaflex to be materially
different from the Corporation's estimated future results,
performance or achievements expressed or implied by those
forward-looking statements and that the forward-looking statements
are not guarantees of future performance. These statements
are also based on certain factors and assumptions. For more details
on these estimates, risks, assumptions and factors, see the
Corporation's most recent Management Discussion and Analysis filed
on SEDAR+ at www.sedarplus.ca and on
the investor section of the Corporation's website at
www.imaflex.com. The Corporation disclaims any obligation to
update or revise any forward-looking statements, whether as a
result of new information, events or otherwise, except as expressly
required by law. Readers are cautioned not to put undue
reliance on these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Imaflex Inc.
