Thursday, February 13, 2020
Wednesday, February 12, 2020
Follow the Money in #Defense and #Security #Stocks (TSXV: $AZ.V), (NYSE: $LDOS), (NYSE: $LHX), (TSX: $PAT.TO) (OTCQB: $PTOTF) (TSX: $CAE.TO) (NYSE: $CAE)
Follow the Money in #Defense and #Security #Stocks (TSXV: $AZ.V), (NYSE: $LDOS),
(NYSE: $LHX), (TSX: $PAT.TO) (OTCQB: $PTOTF) (TSX: $CAE.TO) (NYSE: $CAE)
Point
Roberts WA, Delta BC, February 12, 2020- Investorideas.com, a
global investor news source covering security
and defense stocks and its defense portal, Homelanddefensestocks.com release a
sector snapshot following the money with news of recent contracts/revenues and
acquisitions in defense stocks, featuring military robotics pioneer, A2Z Technologies
Canada Corp. (TSXV: AZ).
Read this news featuring A2Z Tech in
full at https://www.investorideas.com/news/2020/defense/02121SecurityStocks.asp
Global defense spending is at a record
high. According to a report looking at the 2018 numbers, “Total
global spending was up for the second consecutive year, to the highest level
since 1988—the first year for which consistent global data is available. And
world spending is now 76% higher than the post-cold war low in 1998.”
And the global growth is expected to
continue.
For investors following the defense
sector, the end of January saw some of the industry leaders in the US report
earnings that were better than expected, with revenues easily surpassing
estimates. US Aerospace and Defense ETFs also rose and benefited.
The billions of revenue realized from the
industry leaders is also flowing to some of the smaller companies. A2Z Technologies
Canada Corp. (TSXV: AZ), one of the top
innovative technology companies in Israel, announced yesterday that the Israeli
Ministry of Defense (“MOD”) has awarded the Company a three-year contract for
CAN $1.5 million that will be paid over the life of the contract.
Under the terms of the contract the Israeli MOD will be leasing
A2Z’s products and equipment for which A2Z will be responsible for maintenance
for the duration of the contract. The equipment will remain the property of A2Z
throughout. At the end of the contract the company will be able to determine
how to best position the assets going forward. There is also significant
potential for a new contract for the same services following the end of the
three-year contract period.
“We are extremely pleased to have been awarded this contract and
the continued strength we are seeing in our technologies and service
businesses. This contract is not only a significant source of recurring
revenues for the next three years but also deepens our relationship with one of
our most long-standing government partners. A2Z and the Israeli MOD have
been working together for decades now, and with our new innovative FTICS
technology, which we believe is "the next seatbelt" to make
automobiles safer than ever, we look forward to continue protecting the lives
of both military and civilian populations in future decades as well,” said
Bentsur Joseph, CEO of A2Z.
Israel’s Ministry of Defense is the governmental
department responsible for Israel’s security at the political, military, and
civilian levels with their primary objective being to ensure the safety of
Israel. The MOD also promotes research and development in security technologies
and supports veterans and their families.
A2Z is also expanding its business and robotics
military technology into civilian markets and announced in mid-January that they signed a contract
and received its first purchase order for $175,000CDN to provide sophisticated
software for integration between applications and Point of Sale (POS) for a blue chip, New York Stock Exchange listed,
Fortune 500 Company, which is a leading enterprise software and services
provider in the finance, retail, hospitality, telecom, and technology
industries and a Fortune 500 company.
The defense sector is also seeing billion dollar
deals taking place. Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE® 500 science and technology leader, announced in early February that it has entered into a
definitive agreement to acquire L3Harris Technologies’ (NYSE: LHX) Security
Detection and Automation businesses for $1 billion in cash. The Boards of
Directors of both companies unanimously approved the transaction.
News: L3Harris’ Security Detection and Automation
businesses provide airport and critical infrastructure screening products,
automated tray return systems and other industrial automation products. With
headquarters in Tewksbury, Mass. and Luton, England, the combined businesses
have 1,200 employees and a global sales and services operations footprint with
more than 20,000 systems deployed world-wide across more than 100 countries.
The businesses serve customers in the aviation, transportation, government and
critical infrastructure markets.
News: “The acquisition of these businesses will help
accelerate our growth and innovation and enable us to offer the market a
comprehensive security platform,” said Leidos Chairman and CEO Roger Krone.
“The businesses further our commitment to a diversified revenue stream, by
expanding our customer penetration into 75 additional countries. This
transaction is projected to be immediately accretive to revenue growth, EBITDA
margins, and non-GAAP EPS upon closing.”
News: Krone continued, “This powerful portfolio of
technology and the outstanding team of employees that support it complement the
Leidos team well. The work this team performs is vital to securing so many
important locations – where passengers count on equipment reliability and
efficiency to keep them safe. This mission is consistent with our company’s
goal of making the world safer, healthier and more efficient. Together, we will
advance our strategy of helping secure some of the world’s most critical
infrastructure and the individuals who travel through it. I look forward to
welcoming these L3Harris employees to Leidos and working together to continue
our important work.”
This is their second deal valued at 1Billion
plus. On January 31st Leidos
Holdings announced that it completed the acquisition of Dynetics, Inc.,
an industry-leading applied research and national security solutions company,
for approximately $1.65 billion in cash. The transaction was previously
announced on December 17, 2019.
On February 5, 2020, Patriot
One Technologies Inc. (TSX: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL),
a company offering threat detection and counter-terrorism solutions announced a significant contract for their size.
Xtract Technologies
Inc., a subsidiary of Patriot One Technologies announced it had secured a
$975,000CAD Contract with Canada's Department of National Defense through the
Public Works and Government Services Canada Division.
News: The contract is for a project
related to improving situational awareness for the Canadian Armed Forces
("CAF") and security personnel using video analytics, artificial
intelligence and augmented reality. This project will continue previous work
completed by Xtract.ai for the CAF to develop technology solutions to augment
the situational awareness of their soldiers and address the following
challenges:
- detect, recognize, and identify persons or
objects of interest in a physical environment, and/or
- track identified persons and objects of
interest using seamless information sharing across a decision network.
News: Work will proceed in multiple
phases, including the design, development and deployment of advanced machine
learning models, proprietary data sets and integration with advanced
visualization hardware.
News: "We're very excited to leverage
the Xtract.ai team's expertise in video analytics, object detection and
artificial intelligence with the Canadian Department of National Defense,"
expresses Martin Cronin, CEO of Patriot One Technologies. "With the work
Xtract.ai has be doing with several clients, as well as on Patriot One's
PATSCAN Multi-Sensor Covert Threat Detection Platform, the team brings
tremendous experience in video analytics and threat object detection and look
forward to delivering a high-performing solution that we hope will augment our
military personnel in their service to our country."
On February 7, 2020 CAE Inc. (TSX: CAE.TO) (NYSE:
CAE) reported revenue of $923.5 million for the third quarter of fiscal
2020, compared with $816.3 million in the third quarter last year. Third
quarter net income attributable to equity holders was $97.7 million ($0.37 per
share) compared to $77 .6 million ($0.29 per share) last year. Net income
before specific items (5) in the third quarter of fiscal 2020 was $98.0 million
($0.37 per share before specific items (6)).
Third quarter segment operating income was $154.9
million (16.8% of revenue) compared with $113.0 million (13.8% of revenue) in
the third quarter of last year. Segment operating income before specific items
in the third quarter of fiscal 2020 was $155.3 million (16.8% of revenue). All
financial information is in Canadian dollars unless otherwise indicated.
From the news: "CAE had strong growth in the
third quarter, with 13 percent higher revenue and 37 percent higher operating
income, and we generated over $275 million of free cash flow. Customers
continued to put their trust in CAE as their training partner of choice,
awarding us $1.1 billion of orders for a $9.4 billion backlog," said Marc
Parent, CAE's President and Chief Executive Officer. "Our performance was
led by Civil with 42 percent operating income growth and continued good
momentum with our innovative and comprehensive training solutions. In Defence,
we had 32 percent operating income growth and we secured orders in excess of
revenue by 1.11 times. Todd Probert recently joined CAE as its new Group
President, Defence & Security and I am very pleased to welcome a leader of
his calibre to our executive team. In Healthcare, we had double-digit revenue
growth and we continued to bring highly innovative solutions to market to help
make healthcare safer. As we look to the remainder of the fiscal year, our
positive annual growth outlook for the Company remains unchanged."
The Company also pledged to become carbon neutral
by summer 2020
Looking at future trends in the sector, Forecast
International reports, “Despite a few dips in dollar-adjusted spending
among large defense-spending nations, the overall market continues to reflect
growth. Whether in Europe, the U.S., Russia or the countries of East and South
Asia, the trend shows nations putting more money into resourcing their
militaries and investing in future technologies and/or asymmetric
capabilities.”
About
Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source
publishing third party news, research and original financial content. Learn
about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and
IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s
original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and
column, Cleantech and Climate Change , Exploring Mining the AI Eye .
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third
party sourced news, articles and equity research as well as creates original
content, including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Disclosure: A2Z Technologies
Canada Corp is a paid featured company on Investorideas.com More disclaimer
info: https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp Learn more about publishing your
news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global
investors must adhere to regulations of each country. Please read
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Sign
up for free stock news alerts at Investorideas.com
Contact
Investorideas.com to be a guest or sponsor this podcast
800-665-0411
Tuesday, February 11, 2020
#Security #Stocks News: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Appoints Chartered Professional Accountant Lea M. Ray to its Board of Directors; @patriot1tech
#Security #Stocks News: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Appoints Chartered Professional Accountant Lea M. Ray to its Board of Directors; @patriot1tech
TORONTO, ON – February 11, 2020 (Investorideas.com Newswire, Homelanddefensestocks.com ) -- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCAN™ Multi-Sensor Covert Threat Detection Platform, is pleased to announce the appointment of Lea M. Ray to its Board of Directors.
Read this news in full featuring Patriot One at https://www.investorideas.com/news/2020/defense/02111PatriotOne-CharteredProfessionalAccountant.asp
Lea M. Ray is a Chartered Professional Accountant ("CPA") and brings with her a great deal of corporate leadership and financial management experience. She is a both a CPA and ICD.D certified director and she will Chair the Company's Audit Committee. Lea is a seasoned board member who serves on multiple boards for public, private and not-for-profit organizations in leadership roles, including chair of audit committees for several TSX listed companies. Her knowledge of board governance, regulatory affairs and capital markets makes her an ideal candidate for the Audit Committee Chair position. Lea’s financial experience with global corporations began with PricewaterhouseCoopers and she is a former Vice-President Corporate Finance of Warner Bros. Entertainment Canada Inc. Her education includes a Bachelor of Commerce from Odette School of Business, University of Windsor, Ontario, Canada. In her free time, Lea is a member of the Ontario Beekeepers’ Association and a volunteer for several other conservation/environmental groups.
“We are excited to add Lea to our Board of Directors and to Chair our Audit Committee,” expressed Peter van der Gracht, Chairman of the Board of Patriot One. “Lea’s extensive strategic and business judgement, gained particularly through her previous board chair and committee chair roles on TSX-listed companies, makes her an ideal fit for this deployment and growth phase of Patriot One. In addition to the Audit Committee, Lea will become a member of the Board’s Governance Committee, and will help ensure the Company stays compliant with regulatory, capital and accounting practices.”
“I am honored to be joining the board of such an impressive, innovative and forward-thinking company” explained Lea Ray. “Being part of a team creating the solutions to address and pre-emptively stop terrorist and active assailant tragedies the world has suffered from these past few decades is very humbling. I look forward to working with such a distinguished and passionate board, leadership team and staff in making Patriot One’s global vision of building safer communities a reality.”
Lea Ray began her duties as a Director on Patriot One’s Board last Friday, February 7, 2020.
On Behalf of the Board,
“Peter van der Gracht”
Peter van der Gracht
Chairman of the Board
About Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):
Patriot One’s mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.
For further information, please contact:
Patriot One Technologies Inquiries
info@patriot1tech.com
Investor Relations
John Martin, Patriot One Technologies
+1 (888) 728-1332
Media Contacts:
Scott Ledingham, Patriot One Technologies
+1-613-806-7135
CAUTIONARY DISCLAIMER STATEMENT:
No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, board composition, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring TSX: PAT is a paid for news release on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com
Sign up for free stock news alerts at Investorideas.com
Get more Defense Stock Investor Ideas
#Defense #Stock News- A2Z Technologies Canada Corp. (TSXV: $AZ.V) Awarded $1.5M, Three-Year Contract with Israel’s Ministry of Defense; @A2Z_Advanced
#Defense #Stock News- A2Z Technologies Canada Corp. (TSXV: $AZ.V) Awarded $1.5M, Three-Year Contract with Israel’s Ministry of Defense; @A2Z_Advanced
Vancouver, BC, February 11, 2020 –(Investorideas.com Newswire, Homelanddefensestocks.com) A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today that the Israeli Ministry of Defense (“MOD”) has awarded the Company a three-year contract for CAN $1.5 million that will be paid over the life of the contract.
Read this news featuring A2Z Tech in full at https://www.investorideas.com/CO/AZ/news/2020/02111Contract-Israel-MinistryofDefense.asp
Under the terms of the contract the Israeli MOD will be leasing A2Z’s products and equipment for which A2Z will be responsible for maintenance for the duration of the contract. The equipment will remain the property of A2Z throughout. At the end of the contract the company will be able to determine how to best position the assets going-forward. There is also significant potential for a new contract for the same services #following the end of the three-year contract period.
“We are extremely pleased to have been awarded this contract and the continued strength we are seeing in our technologies and service businesses. This contract is not only a significant source of recurring revenues for the next three years but also deepens our relationship with one of our most long-standing government partners. A2Z and the Israeli MOD have been working together for decades now, and with our new innovative FTICS technology, which we believe is "the next seatbelt" to make automobiles safer than ever, we look forward to continue protecting the lives of both military and civilian populations in future decades as well.” said Bentsur Joseph, CEO of A2Z.
Israel’s Ministry of Defense is the governmental department responsible for Israel’s security at the political, military, and civilian levels with their primary objective being to ensure the safety of Israel. The MOD also promotes research and development in security technologies and supports veterans and their families.
More on Israel’s Ministry of Defense:
About A2Z
A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets. A2Z has been operating for over 30 years and has a client base with 75 recurring clients, including the Israel Defense Forces, Security Forces, and Ministry of Defence among others. A2Z plans to leverage their cash flow-generating core-business to expand into the civilian robotics and automobile markets.
According to Zion Market Research, the Military Robotics space is expected to reach $53.93B by 2027 for a projected CAGR of 13.5%.(Summary of Report)
Highlights:
Core Business: A2Z's line of products include unmanned remote-controlled vehicles of various sizes designed for intricate bomb disposal, counter terrorism, and fire fighting, as well as energy storage power packs/generators. A2Z also provides maintenance services to both external and in-house complex electronic systems and products to over 75 clients.
A2Z has been an Israel Ministry of Defense contractor for over 30 years and a significant portion of its business is long-term service contracts.
Expansion into Civilian Markets: To drive growth, A2Z plans to adapt its military technologies for the much larger civilian markets. One patent-pending product is a capsule (FTICS) that prevents vehicle fires resulting from collisions. A2Z has also been granted a patent for a smart vehicle cover device that protects automobiles from natural elements while the vehicle is parked and is stowed away safely in the vehicle's bumper when not in use.
Fuel Tank Inertia Containment System (FTICS): In the event of a collision, the FTICS installed into the fuel tank prevents the ignition of fuel, thereby mitigating the spread of fire and explosion, minimizing risk to human life and property damage. According to the NFPA, from 2014 to 2016, an estimated 171,500 highway vehicle fires occurred in the United States, resulting in an annual average of 345 deaths, 1,300 injuries, and $1.1 billion in property loss annually.
Management: CEO Bentsur Joseph's previous venture, Comfy Interactive, was acquired by Shamrock Holdings, the family investment firm founded by Roy Disney. Previously, Bentsur Joseph was the chairman of Elad Hotels whose holdings include the Plaza Hotel in New York City. Bentsur Joseph has a ~64% ownership stake in the business with 30,000,000 shares subject to an escrow agreement.
For more information regarding A2Z, please visit the Company's website at www.a2zas.com.
Twitter: @A2Z_Advanced
Twitter: @A2Z_Advanced
On Behalf of the Board,Bentsur Joseph, CEO
Investor Relations ContactTrenton Kwan, KIN Communications
Toll Free: 1-866-684-6730az@kincommunications.com
Toll Free: 1-866-684-6730az@kincommunications.com
Neither 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.
This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.
A2Z Technologies Canada Corp (TSXV: AZ) is a featured security and defense stock on Investorideas.com. Visit the profile page to learn more
News Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure - A2Z Technologies Canada Corp. is a paid news and social media client on Investor Ideas starting February 4, 2020 More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com
Sign up for free stock news alerts at Investorideas.com
Get more Defense Stock Investor Ideas
Monday, February 10, 2020
Breaking #Defense #Stock News - Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Appoints Chartered Professional Accountant Lea M. Ray to its Board of Directors, @patriot1tech
Breaking #Defense #Stock News - Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Appoints Chartered Professional Accountant Lea M. Ray to its Board of Directors, @patriot1tech
TORONTO, ON – February 10, 2020 (Investorideas.com Newswire, Homelanddefensestocks.com ) -- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCAN™ Multi-Sensor Covert Threat Detection Platform, is pleased to announce the appointment of Lea M. Ray to its Board of Directors.
Read this news in full featuring Patriot One at https://www.investorideas.com/news/2020/defense/02101TSXPAT-CharteredProfessionalAccountant.asp
Lea M. Ray is a Chartered Professional Accountant ("CPA") and brings with her a great deal of corporate leadership and financial management experience. She is a both a CPA and ICD.D certified director and she will Chair the Company's Audit Committee. Lea is a seasoned board member who serves on multiple boards for public, private and not-for-profit organizations in leadership roles, including chair of audit committees for several TSX listed companies. Her knowledge of board governance, regulatory affairs and capital markets makes her an ideal candidate for the Audit Committee Chair position. Lea’s financial experience with global corporations began with PricewaterhouseCoopers and she is a former Vice-President Corporate Finance of Warner Bros. Entertainment Canada Inc. Her education includes a Bachelor of Commerce from Odette School of Business, University of Windsor, Ontario, Canada. In her free time, Lea is a member of the Ontario Beekeepers’ Association and a volunteer for several other conservation/environmental groups.
“We are excited to add Lea to our Board of Directors and to Chair our Audit Committee,” expressed Peter van der Gracht, Chairman of the Board of Patriot One. “Lea’s extensive strategic and business judgement, gained particularly through her previous board chair and committee chair roles on TSX-listed companies, makes her an ideal fit for this deployment and growth phase of Patriot One. In addition to the Audit Committee, Lea will become a member of the Board’s Governance Committee, and will help ensure the Company stays compliant with regulatory, capital and accounting practices.”
“I am honored to be joining the board of such an impressive, innovative and forward-thinking company” explained Lea Ray. “Being part of a team creating the solutions to address and pre-emptively stop terrorist and active assailant tragedies the world has suffered from these past few decades is very humbling. I look forward to working with such a distinguished and passionate board, leadership team and staff in making Patriot One’s global vision of building safer communities a reality.”
Lea Ray began her duties as a Director on Patriot One’s Board last Friday, February 7, 2020.
On Behalf of the Board,
“Peter van der Gracht”
Peter van der Gracht
Chairman of the Board
About Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):
Patriot One’s mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.
For further information, please contact:
Patriot One Technologies Inquiries
info@patriot1tech.com
Investor Relations
John Martin, Patriot One Technologies
+1 (888) 728-1332
Media Contacts:
Scott Ledingham, Patriot One Technologies
+1-613-806-7135
CAUTIONARY DISCLAIMER STATEMENT:
No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, board composition, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring TSX: PAT is a paid for news release on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com
Sign up for free stock news alerts at Investorideas.com
Subscribe to:
Posts (Atom)