updated 12/13/2010 7:47:24 PM ET 2010-12-14T00:47:24

CALGARY, Alberta, Dec. 13, 2010 (GLOBE NEWSWIRE) -- SMART Technologies Inc. ("SMART") (Nasdaq:SMT) (TSX:SMA), a leading provider of collaboration solutions, announces that it has become aware of the filing of two putative class action law suits ("Suits") in the United States District Court for the Southern District of New York on behalf of purchasers of shares of SMART in the July 2010 initial public offering of 38.8 million shares.

SMART believes that such Suits are without merit and is confident that SMART has complied with all applicable securities laws requirements. SMART intends to vigorously defend such Suits.

About SMART

SMART Technologies is a leading provider of collaboration solutions that transform the way the world works and learns. We believe that collaboration and interaction should be easy. As the global leader in interactive whiteboards, we bring more than two decades of collaboration research and development to a broad range of easy-to-use, integrated solutions that free people from their desks and computer screens, so collaborating and learning with digital resources are more natural.

The SMART Technologies logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7573

© 2010 SMART Technologies. SMART, smarttech and the SMART logo are trademarks or registered trademarks of SMART Technologies in the U.S. and/or other countries. All third-party product and company names are for identification purposes only and may be trademarks of their respective owners.

Please note that SMART is written in all capital letters. 

CONTACT:  SMART Technologies
          Laurie Long, Senior Public Relations Specialist
          +1.403.407.5085
          laurielong@smarttech.com
          smarttech.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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