Breaking #Defense
#Stock News -Patriot One (TSX: $PAT.TO)
(OTCQX: $PTOTF) Patriot One Hires New Chief Operating Officer & President Dietmar
Wennemer,
@patriot1tech
April
13, 2020 TORONTO,–(Investorideas.com Newswire, Homelanddefensestocks.com )-- 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.
Read this news
featuring Patriot One in full at https://www.investorideas.com/news/2020/defense/04131TSXPAT-COO-President-DietmarWennemer.asp
“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, CEO
About 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
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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