CALGARY, Alberta, July 20, 2010 (GLOBE NEWSWIRE) -- SMART Technologies Inc. (Nasdaq:SMT) (TSX:SMA), a global provider of interactive whiteboards, today announced that it had closed its previously announced initial public offering of 38,830,000 of its Class A Subordinate Voting Shares at a price to the public of US$ 17.00 per share. SMART Technologies sold 8,800,000 Class A Subordinate Voting Shares and selling shareholders sold 30,030,000 Class A Subordinate Voting Shares.

Morgan Stanley, Deutsche Bank Securities, RBC Capital Markets, BofA Merrill Lynch and Credit Suisse acted as joint bookrunners for the offering. CIBC, Cowen and Company, Piper Jaffray and Stifel Nicolaus Weisel acted as co-managers.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on July 14, 2010, and a final prospectus for the offering has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. This offering is being made solely by means of a prospectus. The prospectus contains important detailed information about the securities being offered. A copy of the U.S. final prospectus can be obtained from Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or telephone: 1.866.718.1649; from Deutsche Bank Securities, Attention: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311 or telephone: 1.800.503.4611; or from RBC Capital Markets, Attention: Prospectus Department, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281-8098 or telephone: 1.877.822.4089; and a copy of the Canadian final prospectus for the offering can be obtained from www.sedar.com . Investors should read the prospectus before making an investment decision.

This media release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About SMART Founded in 1987, SMART Technologies is a global provider of interactive whiteboards and complementary solutions to the education, business and government sectors.

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

© 2010 SMART Technologies Inc. smarttech and the SMART logo are trademarks or registered trademarks of SMART Technologies Inc. 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.
CONTACT:  SMART Technologies Inc.          Media Contact          Marina Geronazzo, Manager Public Relations          1.403.407.5088          MarinaGeronazzo@smarttech.com          ICR           Investor Contact          Seth Potter           1.877.320.2241          ir@smarttech.com

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