Termination of Definitive Agreement With Airbeam and Director resignation
LEGAL_35867963.2
FIRST RESPONDER ANNOUNCES TERMINATION OF DEFINITIVE AGREEMENT
WITH AIRBEAM AND DIRECTOR RESIGNATION
Vancouver, British Columbia – March 14, 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, announces the termination of its business combination and amalgamation
agreement dated March 2, 2021, entered into between the Company, Airbeam Wireless Technologies Inc.
(“Airbeam”) and 1290210 B.C. Ltd., a wholly‐owned subsidiary of the Company. The Company and
Airbeam intended to complete a reverse take‐over transaction (the “Proposed Transaction”), which
would have constituted a “fundamental change” for the Company pursuant to the rules and policies of
the Canadian Securities Exchange. Further details regarding the Proposed Transaction are provided in the
Company’s press release dated March 4, 2021, copies of which are available on the Company’s SEDAR
profile at www.sedar.com.
The Company also announces that Erin Campbell has resigned from the board of directors of the
Company, effective March 11, 2021. The Company would like to thank Ms. Campbell for her vision,
unflagging commitment, energy and skill that she brought to the Company during her tenure on the board
of directors and wishes her well in her future endeavors.
The Company has reduced its development activities and is evaluating a number of potential strategic
opportunities to bring value to its shareholders.
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
+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. The Company is
developing a WiFi‐based technology, based in part, on academic research licensed from Rutgers, the State
University of New Jersey that can be used to detect concealed weapons. The Company’s threat detection
technology line of business was created to capture a significant portion of the global weapons detection
systems market, and in particular, the global perimeter security detection market. In the Company’s view,
WiFi‐based threat detection technology may be utilized by a wide range of facilities, including schools,
places of worship, shopping centres and theatres, to not only make their premises secure, but also reduce
their cost of security, from the interior of a facility to the perimeter.
For more information visit: www.firstrespondertech.com or follow us on Twitter, LinkedIn and Facebook.
LEGAL_35867963.2
For Further Information, Please Contact:
General Inquiries:
Investor Relations:
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.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.