Patriot One Welcomes Technology Entrepreneur Peter van der Gracht to Board
Van der Gracht brings over 30 years of experience as a founder, CEO, investor and technologist to the Company
TORONTO, July 10, 2018 (GLOBE NEWSWIRE) -- 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: . Patriot One Technologies are proud winners of the 2017 Anti-Terrorism / Force Protection category of the New Product Showcase at .
For further information, please contact:
Patriot One Inquiries
John Martin, Investor Relations
+1 (888) 728-1332
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.
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