TORONTO, April 13, 2020 (GLOBE NEWSWIRE) — Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), is pleased to announce it has hired technology industry veteran Dietmar Wennemer as the Company’s new Chief Operating Officer (COO) and President. Mr. Wennemer will begin his role on Monday the 13th of April 2020 at the Company’s Toronto Headquarters, and be responsible for leading the product development and operations efforts. Mr. Wennemer will report to the Company’s CEO Martin Cronin, who will focus his efforts in corporate and business development, as well as investor and external communications.
“As we expand the commercialization of our PATSCAN Multi-Sensor Covert Threat Detection Platform in 2020, hiring a tech industry veteran like Dietmar as our Chief Operating Officer and President made perfect sense,” shared Martin Cronin, CEO of Patriot One. “Our product development and operation teams have done an outstanding job over the past three years in getting our product to market; by adding an experienced Chief Operating Officer and President will help bring greater focus to internal operations and customer delivery.”Dietmar Wennemer comes to Patriot One from a long successful career in technology, communications and security. Prior to joining the Company, he held the role of Chief Product Officer for Aeryon Labs Inc. and Center ID. Aeryon Labs is part of FLIR Systems, Inc. (NASDAQ: FLIR) and is a leading developer of high-performance unmanned aerial systems (UAS) for the global military, public safety, and critical infrastructure markets. At Center ID, Mr. Wennemer lead product development of CenterCard™- a Visa® Business Debit Cards connected to Center™ SpendOps software that streamlines the expense management in small and medium sized businesses. Prior to these roles, he led product development efforts with BlackBerry/Research In Motion and Siemens. As Chief Operating Officer and President, Mr. Wennemer will take on the day-to-day product development and operations of Patriot One. He will work with the Company’s management team on the PATSCAN Platform development of existing and new threat detection solutions including thermal video, as well as deployment, operations, production, and human resources. As CEO, Martin Cronin will remain engaged with his executive team who run corporate and business development, capital markets and investor relations, marketing and communications, and public policy. Both CEO and COO will participate in all Board-level meetings.“I am very excited to join Patriot One and develop technology that helps to stop violence before bad things happen,” expressed Dietmar Wennemer, Patriot One’s new COO and President. “I have been watching the Company over the past years as it introduced its covert threat detection technology and have been impressed by the Board and Management team’s ability to expand its product offering into a smart multi-sensor platform with advanced AI capabilities to improve commercial and public safety. I look forward to working with this highly talented team and its key partners as we bring new innovative solutions to market.” Respectfully,“Martin Cronin”Martin Cronin, CEOAbout Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):
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 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
www.patriot1tech.comInvestor Relations
John Martin, Patriot One Technologies
+1 (888) 728-1332
johnm@patriot1tech.com
Media Contacts:
Scott Ledingham, Patriot One Technologies
+1-613-806-7135
scott@prmedianow.comCAUTIONARY 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.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/64d8a1be-9a28-49c9-9322-acd80552883c
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