Breaking
#Security #Stock News -Patriot One (TSX: $PAT.TO)
(OTCQX: $PTOTF) Announces CEO Leadership Transition; @Patriot1tech
The
Company Moves into Growth Stage after Successful Product Commercialization
Read this news featuring Patriot One in full at https://www.investorideas.com/news/2020/defense/08181TSXPAT-CEO-Leadership-Transition.asp
“We’re extremely proud of the accomplishments Martin has
achieved and pleased that he will remain on the Board as an advisor in such a
critical area for our growth,” expressed Peter van
der Gracht, Patriot One’s Chairman of the
Board. “Martin has been instrumental in leading Patriot One’s substantial
fundraising efforts, as well as the initial sales of the PATSCAN Platform these
past four years. His leadership,
business focus and personal drive has positioned the Company for great success
in this new fiscal year, and beyond.”
“It’s been a
rewarding experience leading Patriot One on this path from concept to product
launch and I’m proud to have been part of the team,” shared Martin
Cronin. “The Board and I agree that it
is the right time for this thoughtful succession process, and I am committed to
supporting a smooth transition for the benefit of all of our stakeholders. As
in every start-up in today’s economy, my departure is part of a natural
evolution in corporate leadership. Now
it is about sales execution and scaling.
The addition of our new COO and President Dietmar Wennemer was the first
step in this process which was followed up by the hiring of our new CFO, Karen
Hersh. The search for a CEO with
demonstrated growth-stage experience will complement and round out our new
leadership group and I look forward to working with this new C-Suite team and
the Board as the Company continues its mission to save lives and improve the
way of life for our communities.”
About Patriot
One Technologies:
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, or potential health and safety threats 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,
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 regulations. 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.
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