Breaking #Security #Stock News -Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Appoints
Security Industry Veteran William Maginas to Board of Directors
Former Johnson Controls
Executive joins Company as the #PATSCAN Platform continues global strategic rollout
TORONTO, ON –December 5, 2019 (Investorideas.com
Newswire ) 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 that the outgoing President of Johnson Controls Canada, William (Bill)
Maginas, will join the Company’s Board of Directors, upon leaving his
role with Johnson Controls.
William Maginas is an
accomplished Senior Executive and Thought Leader with more than 20 years of
success across the commercial building, construction, technology, security,
energy, and environmental solutions industries. Leveraging extensive experience
in strategic direction, innovative business models, operational guidance,
growth, sales, account management, and financial success, he is a tremendously
valuable advisor for an organization going through large-scale evolution. His
broad areas of expertise include business process improvement, change
management, growth, and strategy. Throughout his executive career,
Mr. Maginas has held leadership positions with Johnson Controls and Honeywell.
At Johnson Controls, Bill was
responsible for the company’s operations and growth strategy in Canada. In this
position, Bill was focused on a breadth of technologies in the security, fire,
life safety, and HVAC industries. In 2016, after the merger of Johnson Controls
International (JCI) and Tyco, he led the integration of 3,000 employees across
three business units in 40 locations across the country. Prior to joining
Johnson Controls, Maginas spent 17 years at Honeywell in a variety of roles,
including leading the company’s building solution business in Canada, managing
high-growth regions, such as Brazil, Turkey, and Mexico and as the Business
Model Innovation leader at Connected Buildings.
“We are thrilled to have Bill
join our Board of Directors. His extensive career with Johnson Controls and
Honeywell makes him an ideal fit for this next chapter with Patriot One,”
expressed Peter van der Gracht, interim Chairman of the Board of Patriot
One. “Bill’s experience in the security and technology space will bring
invaluable insights and leadership to our growing company. And with
Johnson Controls as one of our recently announced partners, we plan to take his
advice and recommendations on how to best grow and deliver on this strategic
relationship throughout 2020 and beyond.”
“I am honored to have been
asked to join the board of this innovative and forward-thinking company,”
shared Bill Maginas. “I have been working in the security solutions
industry for 20 years and believe that the PATSCAN Platform will become
an effective tool for the early detection of active threats. The affordability,
integration capability and user experience will make this part of every
Security Officer’s plan to provide a safe environment with limited
obstruction.”
Bill Maginas will begin his
duties as a Director on Patriot One’s Board on January 1, 2020.
On Behalf of the Board,
“Peter van der Gracht”
Peter van der Gracht
Interim Chairman of the
Board
About
Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF)
(FRA: 0PL):
Patriot Ones’ 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
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
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release are made as of the date of this news release and the Company will
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