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However, it must meet the terms of its credit facility and respect the three ratios mentioned above. As at April 30, 2008, the Company was not
required to respect a debt service coverage ratio and tangible net worth of at least $850,000. Moreover, there was no change in its capital
management strategy in its last fiscal year.
Tangible net worth
Debt service coverage ratio
5,120,918 5,654,101
23. EARNINGS PER SHARE
The reconciliation of fully diluted earnings per share is as follows: 2009 2008
Weighted average number of shares outstanding 20,067,143 18,717,310
Dilutive effect of stock options and convertible debenture (1)
Stock options - -
Convertible debenture - -
Diluted weighted average number of shares 20,067,143 18,717,310
Net loss ( 99,599 ) ( 227,218 )
Basic and diluted net loss per share (0.005) (0.012)
24. CONTINGENCY
The lawsuit filed in Québec Superior Court on August 7, 2008 had not yet been heard as at April 30, 2009. On June 10, 2009, the Superior Court had
set a date to hear the case in March 2010.
The claimant, Karol Brassard, is demanding the redemption of his 4,193,300 common shares in Clemex for an amount of $1,467,655 or an order for
the payment of any loss incurred up to that amount. On August 22, 2008, the Honourable Judge Claude Auclair in Québec Superior Court had
refused a request for safekeeping by Karol Brassard regarding this same matter.
The Company and its directors categorically deny these allegations and have therefore filed a counterclaim in this case. In addition, although it is
impossible to predict the outcome of the legal proceedings, based on the information available to date, the Company is of the opinion that the
defendants have a solid defense and are strongly contesting this recourse. Accordingly, management has not considered it necessary to account for
a provision in respect of this lawsuit.
(1) As of April 30, 2009 and 2008, all outstanding stock options (note 15) as well as the convertible debenture are not included in the computation of
the diluted loss per share due to the anti-dilutive effect of these instruments.
Sales are attributed to geographic locations based on the location of the customer.
47

+INFORMATION
Headquarters
Clemex Technologies Inc., 800 Guimond, Longueuil, Quebec J4G 1T5 Canada
Telephone: (450) 651-6573, Fax: (450) 651-9304, info@clemex.com, www.clemex.com
Subsidiary
Clemex Corp, 17195 Silver Parkway, suite 409, Fenton, MI USA 48430-3426
Transfer Agent
CIBC Mellon Trust, Montreal, Quebec
Auditors
Raymond Chabot Grant Thornton L.L.P., Chartered Accountants, Longueuil, Quebec
Solicitors
Miller, Thompson, Pouliot, Montreal, Quebec
Bankers
National Bank of Canada, Montreal, Quebec
Trading Symbol
Trading Symbol Clemex Technologies Inc. is listed on TSX Venture Exchange under the symbol CXG.A
Authorized Number of Class A Shares
unlimited
Issued Class A Shares
20,749,810
Board of Directors
+ Me Lisane Dostie
Chairperson of the Board and Corporate Secretary, President, ISA Legal inc.
+ Normand Beauregard
Director, Marketing Consultant and UQAM Adjunct Professor
+ Gilles L’Espérance, PhD
Director, Professor, École Polytechnique de Montréal
+ Clément Forget
Director, President and Chief Executive Officer, Clemex Technologies Inc.
+ Erik Grandjean
Director, President, Compumedia Design (CMD) inc.
+ Fréderic Tremblay
Director, Vice-president Corporate Affairs, Edelman
Officers
+ Clément Forget
President and Chief Executive Officer, Clemex Technologies Inc.
+ Caroline Trudel, MBA
Treasurer, Vice-President, Finances & Administration, Clemex Technologies Inc.
+ Monique Dallaire, eng., MBA
Vice-President, Marketing and Product Development, Clemex Technologies Inc.
August 27, 2009
49
www.clemex.com
A small gesture for the environment. When you finish reading this report, you can give it to another person or put it in the
recycling bin. You can also consult our financial statements on line at www.clemex.com or at www.sedar.com.
Advances in Safety Critical Systems - Results and Achievements from the DTI/EPSRC R&D Programme. Compiled and edited by Mike Falla.
1
A The Projects
This appendix list all projects in the Safety-Critical Systems Programme in alphabetical order.
The format for each project is:
In the case of many projects, the references are only a selection of the publications and reports
which are available, and over 240 references, together with abstracts in most cases, are listed in
the document Reports and other Outputs from the DTI/EPSRC-funded R&D Programme in
　
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