Patriot One Welcomes Technology Entrepreneur Peter van der Gracht to Board
10 July 2018 - 10:00PM
Patriot One Technologies Inc. (TSX.V:PAT)
(OTCQX:PTOTF) (FRANKFURT:0PL) (“Patriot One” or the “Company”),
makers of the award-winning PATSCAN CMR™ (Cognitive Microwave
Radar) concealed weapons detection system today announced the
appointment of technologist and entrepreneur Peter van der Gracht
to its board of directors.
Van der Gracht is a serial technology
entrepreneur who has successfully launched, financed,
operated and sold five technology companies; including: Nexus,
Imedia, Teraspan, Fatport and Wavemakers. As a seasoned
expert in RF engineering, he brings a wealth of development and
innovation expertise to Patriot One in the areas of technology
hardware, software and services.
“We are very fortunate that Peter has joined
Patriot One’s board of directors and our overall team,” expressed
Scott Shepherd, Patriot One’s Chairman. “Peter’s experience
as a technologist, entrepreneur and executive for several
highly-successful global corporations will be vital in helping us
steer the Company towards commercial launch, as well as product and
business growth.”
Van der Gracht has worked in some of today’s
most technologically advanced industries; including,
cableTV, telecom, broadcast, IT and automotive sectors.
In addition to the companies listed above, he has served in
management roles with Scientific Atlanta, Cisco and Nortel
Networks, as well as held senior technology advisory roles with
Canada’s federal and provincial governments. Van der Gracht
has operated global businesses across North America, Europe
and Asia, in which he successfully led numerous rounds of
financings and the acquisition of over a dozen companies.
“I am thrilled to be joining the board of such
an innovative technology disrupter for the public security space,”
shared Van der Gracht. “I am honoured to be part of a company that
is focused on being the global leader in threat detection and
counter terrorism technologies for the greater good.”
Van der Gracht holds a Bachelor and Master of
Applied Science degrees from the University of British
Columbia. He is also a member of the Association of
Professional Engineers of BC. During his career, Van der
Gracht has been recognized by his peers and industry with some
notable awards, including: Entrepreneur of the Year from BC
Business Magazine, Silver Medal in Entrepreneurship for
Business Excellence, 40 under 40 Award from Business in
Vancouver newspaper, and the Industrial Innovation Gold Medal from
the British Columbia Science Council.
In connection with his appointment as a director
Mr. Van der Gracht has been granted stock options that allow him
acquire up to 250,000 common shares of the Company at an exercise
price of $1.35 until July 10, 2021.
On Behalf of the Board,
“Scott Shepherd”
Scott Shepherd, Chairman
About Patriot One Technologies,
Inc. (TSX.V:PAT) (OTCQX:PTOTF) (FRA:0PL):
Patriot One has developed PATSCAN CMR™ the next generation of its
award-winning radar device and software solution. PATSCAN CMR is a
first-of-its-kind Cognitive Microwave Radar concealed weapons
detection system, designed as an effective tool to combat active
shooter threats before they occur. Built for cost-effective
deployment in weapon-restricted buildings and facilities, the
Patriot One software solution and related hardware can be installed
in key access points to covertly identify weapons and to alert
security of an active threat. Owner/operators of private and
certain public facilities can now prominently post anti-weapons
policies with compliance assured. The Company’s motto Deter, Detect
and Defend is based on the belief that widespread use of its
technology will act as an effective deterrent, thereby diminishing
the epidemic phenomena of active shooters across the globe. For
more information, visit: www.patriot1tech.com. Patriot One
Technologies are proud winners of the 2017 Anti-Terrorism / Force
Protection category of the Security Industry Association’s New
Product Showcase at ISC West.
For further information, please contact:
Patriot One Inquiriesinfo@patriot1tech.com
John Martin, Investor Relations +1 (888)
728-1332johnm@patriot1tech.com www.patriot1tech.com
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 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 the failure to satisfy the
conditions of the relevant securities exchange(s) 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 as
expressly required by applicable law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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