Plymouth, Massachusetts–(Newsfile Corp. – April 29, 2022) – Plymouth Rock Systems Inc. (CSE: PRT) (OTCQB: PLRTF) (FSE: 4XA) (WKN# A2N8RH) (“Plymouth Rock”, “PRT”, “Plyrotech”, or the “Enterprise”) a leader in producing unmanned technologies and detection equipment is delivering this update on the status of a administration cease trade purchase (the “MCTO“) granted on March 31, 2022 by the British Columbia Securities Fee underneath National Policy 12-203 – Administration Cease Trade Purchase (“NP 12-203“).
On April 1, 2022, the Enterprise announced that, for factors disclosed in the news launch, there would be a delay in the filing of its economic statements, once-a-year info form and management’s discussion and examination for the fiscal yr ended November 30, 2021 (the “Once-a-year Filings“) outside of the period of time approved under relevant Canadian securities guidelines (the “Default Announcement“). The Company reports that it anticipates submitting the Once-a-year Filings on or before May well 30, 2022 and will supply even further updates on the timing of the filing, as essential.
All through the MCTO, the normal investing community will proceed to be able to trade in the Company’s shown common shares. Nevertheless, the Company’s chief executive officer and main fiscal officer will not be ready to trade in the Firm’s shares. Other than as disclosed in this news release, there are no content variations to the information contained in the Default Announcement. The Organization confirms that it intends to satisfy the provisions of NP 12- 203 and will continue on to problem bi-weekly default position studies for so prolonged as it stays in default of the Annual Filings prerequisite.
About Plymouth Rock Technologies Inc.
We are on a mission to deliver engineering-pushed responses to the most important problems that threaten our protection. We do the job with federal government, regulation enforcement and navy to innovate methods for countrywide security, protection and house units. The Corporation is producing the following era of menace detection remedies and Unmanned Plane Devices (UAS).
PRT layouts and manufactures goal-created multirotor UAS, employing Artificial Intelligence, reducing-edge sensors, and the latest twin-camera modules as regular, presenting thermal abilities together with high-definition authentic-time air-to-floor streaming, with the skill to mount many, a variety of sensors, modules, and payloads.
Our advanced menace detection strategies fuse synthetic intelligence with augmented reality interfaces to get rid of human functioning mistake. Plymouth Rock items, both of those airborne and land-dependent, will scan for threat goods at bigger ‘stand-off’ distances than existing current technologies. Our special radar imaging and sign processing technologies results in new options for remotely operated, non-intrusive screening of crowds in serious time.
Plymouth Rock’s core technologies contain: (1) UAS platforms engineered to conform to NDAA FY2020 Portion 848 (“PRT UAS”) (2) A compact microwave radar procedure for scanning shoe’s (“Shoe Scanner”) (3) A compact modular radar used for a wide range of purposes, from aircraft to weapon detection (“CODA”).
ON BEHALF OF THE BOARD OF Administrators
Dana Wheeler, President and CEO
Certain info set forth in this information release might comprise forward-hunting statements that involve substantial recognized and unidentified dangers and uncertainties. All statements other than statements of historical fact are forward-wanting statements, such as, without the need of limitation, statements relating to long term fiscal placement, enterprise approach, use of proceeds, company vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, charge and plans and goals of or involving the Firm. Such forward-on the lookout data displays management’s latest beliefs and is primarily based on details at present obtainable to management. Typically, but not constantly, ahead-looking statements can be determined by the use of words and phrases these as “options”, “expects”, “is anticipated”, “spending budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “thinks” or variations (together with unfavorable variations) of these words and phrases and phrases or might be recognized by statements to the effect that particular steps “could”, “could”, “must”, “would”, “may” or “will” be taken, happen or be obtained. A variety of recognised and not known challenges, uncertainties and other factors might trigger the real results or performance to materially vary from any long run final results or effectiveness expressed or implied by the forward-searching info. These forward-seeking statements are matter to many risks and uncertainties, certain of which are past the handle of the Enterprise including, but not minimal to, the influence of general financial circumstances, sector problems and dependence upon regulatory approvals. Viewers are cautioned that the assumptions utilised in the preparing of these information and facts, though viewed as sensible at the time of planning, may well establish to be imprecise and, as such, undue reliance must not be placed on ahead-hunting statements. The Firm does not presume any obligation to update or revise its forward-seeking statements, no matter if as a outcome of new data, future gatherings, or if not, besides as needed by securities legal guidelines.
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