First Responder announces first Sentinel™ Vision Alpha Unit delivery to UK distributor and strategic review
Vancouver, British Columbia – March 16, 2021 – First Responder Technologies Inc. (“First Responder” or the “Company”) (CSE: WPN | OTCQB: WPNNF | FWB: 3WK), a leading developer of public safety and security technologies, is pleased to provide a corporate update highlighting a key milestone the Company achieved between November 27, 2020 and today’s date (the “Transaction Period”), as well as announce a strategic review of the Company’s previously disclosed product development and go‐to‐market efforts.
While all previously announced product development and go‐to‐market timelines were paused during the Transaction Period, as the Company focused its collective efforts on the transaction, the Company continued to make incremental progress on some key elements of the development of its Sentinel™ Suite of public safety products and services, and achieved a significant milestone, in December of 2020, with the shipment of the first Alpha demo unit of its Sentinel™ Vision AI‐Camera sensor to Sabre Global UK Ltd., its UK distribution partner (the “First Sentinel™ Vision Alpha Unit Delivery”).
Following its First Sentinel™ Vision Alpha Unit Delivery during the Transaction Period, the Company continued to engage with existing and potential distributors, and received a number of inquiries as to the status of the development and commercial prospects for the Sentinel™ Vision AI‐Camera sensor.
Given the success of the Company’s First Sentinel™ Vision Alpha Unit Delivery during the Transaction Period, the Company will carefully consider the timing and resources dedicated to all elements of its Sentinel™ Suite of public safety products and services as part of its strategic review. The Company may decide to pause or eliminate the development of some products or features of the Sentinel™ Suite, and reallocate resources to the development of entirely new products or services, which may better utilize the technology it has developed to date, or expedite a path to commercial availability.
On behalf of the Board of Directors,
“Robert F. Delamar”
Robert F. Delamar, CEO
First Responder Technologies Inc.
915 ‐ 700 West Pender Street Vancouver, BC. V6C 1G8 [email protected] +1‐604‐227‐9821
About First Responder Technologies Inc.
First Responder Technologies Inc. is a technology development company that commercializes academic and internally developed intellectual property for use in the public safety market.
For more information visit: www.firstrespondertech.com or follow us on Twitter, LinkedIn and Facebook.
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Lyle McLennan
CAUTION REGARDING FORWARD‐LOOKING INFORMATION
Certain statements contained in this news release may constitute forward‐looking information. Forward‐ looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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