First Responder Technologies Announces Restricted Share Unit Grant Program
FIRST RESPONDER TECHNOLOGIES ANNOUNCES RESTRICTED SHARE UNIT
GRANT PROGRAM
Not for distribution to U.S. news wire services or dissemination in the United States
Vancouver, British Columbia – April 13, 2020 – First Responder Technologies Inc. (“First
Responder” or the “Company”) (CSE: WPN | FWB: 3WK) a developer of WiFi‐based technologies
to detect and deter mass shooting and terror attacks involving concealed weapons, is pleased to
announce the implementation of a rolling restricted share unit plan (the “RSU Plan”) and grant
of 3,000,000 restricted share units pursuant to the RSU Plan (each, an “RSU”).
In order to further align the interests of the Company’s senior executives, key employees,
directors, and consultants to those of the shareholders of the Company, the Board of Directors
has approved the implementation of the RSU Plan. Under the RSU Plan, eligible persons may (at
the discretion of the Board) be allocated a number of RSUs as the Board deems appropriate, with
vesting provisions also to be determined by the Board. Pursuant to the RSU Plan, the maximum
number of RSUs that may be granted, when combined with outstanding stock options and other
compensation securities, is 20% of the Company’s issued and outstanding common shares as of
the time of grant.
“With the adoption of this new plan the Company has added flexibility to attract and retain
leading engineering and commercial talent as the Company executes its business plan,” said
Robert Delamar, CEO.
The Company has granted 3,000,000 RSUs to a senior technical/engineering executive of the
Company, with 1/3 of the of the RSUs vesting on December 31, 2021, 1/3 vesting on December
31, 2022 and 1/3 vesting on December 31, 2023. All of the RSUs will be subject to applicable
securities law hold periods.
No securities regulatory authority has either approved or disapproved of the contents of this news
release. The securities of the Company have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or
sold in the United States, or to or for the account or benefit of any person in the United States,
absent registration or an applicable exemption from the registration requirements. This press
release shall not constitute an offer to sell or the solicitation of an offer to buy any common shares
in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be
unlawful.
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
About First Responder Technologies Inc.
First Responder Technologies Inc. (the “Company”) 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 (“Rutgers”) 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.
For Further Information, Please Contact:
General Inquiries:
Investor Relations:
Lyle McLennan
Media Contacts:
Alastair Macmichael
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.