Breaking #Defense #Stock News: Patriot One (TSX: $PAT.TO) (OTCQX:
$PTOTF) Appoints new CEO, Peter Evans; @Patriot1Tech
TORONTO, ON – November 10, 2020 (Investorideas.com Newswire) (Homelanddefensestocks.com) Breaking security stock news- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the
“Company”) is pleased to announce the appointment of Peter
Evans as Chief Executive Officer ("CEO"), effective on Monday,
November 16, 2020. Mr. Evans succeeds Martin Cronin who will remain on as
a director of the Company.
Read this news, featuring PAT in full at https://www.investorideas.com/news/2020/defense/11101Patriot-One-CEO-Peter-Evans.asp
Mr. Evans brings over
25 years of experience working with venture-backed and public companies in
executive leadership, operations and board roles. As an experienced executive in the security
industry, Mr. Evans has demonstrated a track record for success in revenue
growth and profitability, as well as identifying and developing new market
opportunities, within start-up, Fortune 500, and rapidly-changing enterprises.
“Peter has a deep understanding of critical
business drivers for tech-enabled solutions and SaaS business models, including
in the security space,” expressed Peter Van Der Gracht, Chair of Patriot One’s
board of directors. “His ability to leverage digital transformation into
operational acceleration is one of the key skill sets that led us to our hiring
decision. We are truly excited by his
wealth of experience in SaaS and cloud services, artificial intelligence and machine
learning, cyber security, telecom, and datacenter technology operations, and
look forward to seeing great results with him leading Patriot One forward in
the coming years.”
“I am excited to join the Patriot One team to
lead the business into this new growth phase and capitalize on the extraordinary
value contained within this exceptional technology,” expressed Peter Evans.
“It’s exciting to be part of such an innovative and disruptive company that has
built a broad portfolio of solutions poised for growth by addressing critical
security concerns across our communities and businesses. By leveraging innovation, data and AI
capabilities, Patriot One is well positioned to digitize traditional
labor-based security models, and deliver higher efficacy, accuracy, and
cost-effectiveness to both public and private enterprises. I am very excited to be a part of this
journey together with our employees, partners, shareholders, and most
importantly, our customers”.
Peter
Evans will join fellow senior executives, Dietmar Wennemer, President and COO,
and Karen Hersh, CFO, at the Company’s Corporate Headquarters in downtown
Toronto, Ontario.
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 and 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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