Patriot Announces Results of Voting at Annual Meeting of Shareholders
November 06 2019 - 8:26PM
Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRA: 0PL)
(“
Patriot One” or the “
Company”)
announces results of voting on all resolutions presented to its
annual general meeting of shareholders held on November 5, 2019
(the “
Meeting”).
A total of 11,726,810 common shares, or 7.85% of
the 149,468,819 issued and outstanding common shares of the Company
as-at the record date of the Meeting, were voted at the Meeting in
person or by proxy. All nominees of Patriot One were elected as
directors of the Company as follows:
Nominee |
Votes For |
% of Votes For |
Votes Withheld |
% of Votes Withheld |
Martin Cronin |
11,643,473 |
99.29% |
83,337 |
0.71% |
John Gillies |
11,644,085 |
99.29% |
82,725 |
0.71% |
Victoria Calvert |
11,645,085 |
99.30% |
81,725 |
0.70% |
Peter van der Gracht |
11,613,985 |
99.04% |
112,825 |
0.96% |
Scott Shepherd |
3,473,119 |
29.62% |
8,253,691 |
70.38% |
Pursuant to, and in accordance with, the terms
of the Company’s Majority Voting Policy, Scott Shepherd resigned as
a director of the Company immediately following the meeting. Mr.
Shepherd’s resignation has been accepted by the Company’s board of
directors. The Company wishes to thank Mr. Shepherd for his
substantial dedication and commitment to the growth and success of
the Company over the past three years, and wish him the best in his
future endeavours.
“I’d like to personally thank Scott for his
unwavering enthusiasm, hard work and dedicated leadership in taking
Patriot One forward these past 3 years,” shared Martin Cronin, CEO
& President of Patriot One. “He’s been an instrumental voice
with our board and leadership team for expanding our focus from a
single technology to our multi-sensor platform, which has
positioned us as a true global leader in the covert threat
detection space. Furthermore, Scott played a key role in our
up-listing onto the TSX. The board and staff at Patriot One wishes
Scott great success in his future endeavours, knowing he’s been an
important player in our journey.”
Following Mr. Shepherd’s resignation as director
and Chairman of the Company’s board, Peter van der Gracht has been
appointed as the interim Chairman of the Company’s board of
directors. Mr. van der Gracht has been a director of Patriot One
since July, 2018, and has successfully launched, financed, operated
and sold five technology companies, including Nexus, Imedia,
Teraspan, Fatport and Wavemakers, as well as served in management
roles with Scientific Atlanta, Cisco and Nortel Networks and held
senior technology advisory roles with Canada's federal and
provincial governments. Mr. van der Gracht holds a bachelor and
masters of applied science from the University of British Columbia.
He is also a member of the Association of Professional Engineers of
B.C. During his career, Mr. van der Gracht has been recognized by
his peers and industry with many notable awards, including
Entrepreneur of the Year from B.C. Business Magazine, Silver Medal
in Entrepreneurship for Business Excellence, 40 under 40 Award from
Business in Vancouver and the Industrial Innovation Gold Medal from
the British Columbia Science Council.
In addition, the following matters were approved
by the affirmative vote of the requisite majority of the votes
represented at the Meeting:
- Setting the number of directors of
the Company at five;
- The appointment of Davidson &
Company LLP as auditors of the Company; and
- The approval of the Company’s
Omnibus Equity Incentive Plan, more particularly described in the
Company’s September 27, 2019 management information circular
available under the Company’s profile at www.sedar.com
On behalf of the Board of Directors,
“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 www.patriot1tech.com
Investor Relations: John Martin
+1 (888) 728‐1332 johnm@patriot1tech.com
Media Contacts:
Scott Ledingham +1‐613‐806‐7135
scott@prmedianow.com
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 the business of the Company 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 development and
commercialization delays, 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.
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