Patriot One Strengthens Management for Efficiency and Growth
22 Januar 2018 - 2:30PM
Patriot One Technologies Inc. (TSX.V:PAT)
(OTCQB:PTOTF) (FRANKFURT:0PL) (“Patriot One” or the “Company”),
makers of the award-winning PATSCAN CMR™ (Cognitive Microwave
Radar) concealed weapons detection system today announces several
new appointments and a subsequent management realignment aimed at
advancing its business policies, innovation management, and
operational activities. These efforts are part of a phased strategy
in response to a growing multi-national workforce and are aimed at
streamlining enterprise focus on value delivery.
Patriot One welcomes Mr. Robert Lex as Vice
President of Operations. Mr. Lex brings over 25 years experience in
global operations and supply chain management for the high-tech and
custom automation industries. He has a demonstrated track record of
delivering on strategic goals at an entrepreneurial pace.
Previously, Mr. Lex served with Avigilon Corporation as Senior
Director, Global Strategic Sourcing improving product margins and
delivering millions in savings, while also further developing a
hybrid on-shore/off-shore optimized supply chain. He has worked
with ATS Automation Tooling Systems Inc. with responsibility for
multi-million-dollar global capital projects. Before this, he held
Business Unit Director roles at Celestica and was responsible for
delivering electronic products for multiple billion-dollar OEM
customers, as well as leading successful global transformation
projects during their period of rapid growth. Mr. Lex
received his MBA from York University, Schulich School of Business
(Toronto) in Finance & Marketing and his B.A.Sc. From the
University of Toronto in Mechanical Engineering. Robert is a
member of the Professional Engineers of Ontario. He also has a
Masters Certificate Lean Six Sigma – Black Belt.
Also joining the Company is Dr. Paul Rice, Ph.D.
as Vice President of Research, Radar Systems. Dr. Rice is a
technical and business orientated executive with over 15 years of
international experience working in start-up environments in the
security sector. He has completed several technology transfers from
academia and government research laboratories, taking a concept
from initial prototype to production, whilst being focused on the
customer value proposition. Dr. Rice has developed and managed
effective multi-disciplinary engineering teams across different
time zones, around an agile, lean product development approach. His
education includes, PhD Microwave Engineering, University of
Manchester, MEng (Hons) 2i Electrical and Electronic Engineering
with French, UMIST, ENSEEIHT Grande Ecole.
In related news, Mr. Dinesh Kandanchatha, is
transitioning from his roles as Chief Technology Officer and
Company President. He will remain as an independent Director of the
Company regarding corporate strategy, corporate development,
and business alliances; including a governance position on the
audit committee. Mr. Martin Cronin, Company CEO will assume
the role and responsibilities of President. This revised structure
will help support the next phase of growth for the business.
Further to this end, our expanded engineering
team will take on the leadership of the Company’s technology
advancement. Franco Cerantola will lead product delivery, Crispian
Sinnott will focus on cloud and software applications, Robert Lex
will drive manufacturing and strategic sourcing, and Dr. Paul Rice
will focus on radar and algorithms. This highly skilled team brings
notable depth to the organization with over 50 years of combined
engineering and new product development experience in the security
industry.
Martin Cronin, Patriot One President & CEO
states, “As we neared the end of 2017, we had the opportunity to
reflect on what we had achieved in a remarkably short period since
our inception just over a year ago. Given the extraordinarily
positive global response for our efforts to-date, we identified
that the Company had to look carefully at our operational
structure. With the speed-to-market we have to achieve in 2018, we
need to act decisively to ensure we can manage our projected
business growth, product rollout and corporate alliances with key
partners. I am delighted that Dinesh will now be available to focus
on the bigger picture of corporate development and strategic
alliances. No one has been as dedicated and worked more tirelessly
as he has since the very start of this endeavor. It speaks volumes
that his role will be replaced by a team. While the entire Board
and myself are sincerely and personally very pleased to have his
continued expertise at hand, we also are excited to welcome Robert
and Paul to our growing leadership team. 2018 will see remarkable
advancements, as we continue our efforts to rid the world of tragic
and random acts of violence.”
On Behalf of the Board,
Martin Cronin, President, CEO &
Director
About Patriot One Technologies, Inc.
(TSX.V:PAT) (OTCQB: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)
728-1832johnm@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.
Patterson Metals (TSXV:PAT)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Patterson Metals (TSXV:PAT)
Historical Stock Chart
Von Dez 2023 bis Dez 2024