First Responder Technologies Provides Letter to Shareholders: Looking Forward with Optimism
FIRST RESPONDER TECHNOLOGIES PROVIDES LETTER TO SHAREHOLDERS:
LOOKING FORWARD WITH OPTIMISM
Not for distribution to U.S. news wire services or dissemination in the United States
Vancouver, British Columbia – February 21, 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, today provided its
shareholders with the following letter and corporate update from Kal Malhi, Chairman.
Dear fellow shareholders:
Momentum is accelerating as we move deeper into the first quarter of 2020. As many of you know,
the Company recently signed alpha test agreements with partners in Canada, the United States and
United Kingdom. We were also invited to attend the invitation‐only UK Home Office Expo (Security
and Policing 2020) March 3‐5, 2020 in Farnborough UK, where the Company will demonstrate the
world’s first WiFi‐based walk‐through metal detection unit using sensor bollards.
2019 was a year of ambitious stage‐setting for First Responder as we positioned our company for the
next leap in its evolution, from a highly innovative development company to a commercially viable
business. Our goal has been clear from the outset: to establish a successful commercial legacy in the
world of weapons detection and product innovation. We would like to thank our early shareholders
for believing in the Company’s vision as we continue to develop and innovate our proprietary
technology. Your support is an integral part of our goal to build a successful and revolutionary
technology company.
The task to transfer innovative concepts from the minds of our team members to First Responder’s
drawing boards and from there to tomorrow's technology products is considerable. Our team is ready
and driven to accomplish that goal this year, and we are up to the challenge.
What made us proud in 2019 and make us confident in 2020:
we completed our initial public offering for gross proceeds of approximately $4.8 million;
our common shares have remained liquid since trading commenced on the Canadian
Securities Exchange on January 16, 2020, with approximately 11.4 million common shares
traded since that date;
we appointed Ambassador (Ret.) Howard Gutman, former United States Ambassador to
Belgium and former Special Assistant to the Director of the Federal Bureau of Investigation,
and Brigadier General (Ret.) John Jayet, former commander of a number of French Army
units, including a military intelligence regiment, to our Advisory Council;
senior members of the Company’s senior management team attended Milipol, a homeland
security and public safety tradeshow and conference, in Paris, France from November 19‐22,
2019 (“Milipol”), as well as the International Security Exposition, a homeland security and
public safety tradeshow and conference in London, UK from December 3‐4, 2019 (“ISE”); and
at Milipol and ISE, the Company logged approximately 200 in‐person requests for follow‐up,
from prospective customers and partners, and to date the Company has recorded in excess
of 1,000 digital inquiries about its WiFi‐based weapons detection technology from
prospective customers and partners.
We view each of these accomplishments as validation of our technology, our team and our progress.
First Responder’s management team recognizes that the first quarter of 2020 has so far been a
challenging quarter in the capital markets and, as with most venture company listings, we
experienced considerable volatility in our share price. Our mindset is to consistently build the
Company, and the stock price will follow. We continue to focus on innovation and product
engineering with a solid business strategy.
First Responder was founded with a focus to develop technology that we believe can make the world
safer. We believe that our WiFi‐based weapons detection technology is a first step toward realizing
that vision.
Moving forward, we look forward to First Responder hitting key milestones and transitioning to a
commercially successful, sustainable business. Looking back on the decision you made to invest with
us, I trust you share my conviction and belief that our best days and years are to come. Thank you for
your support.
Kal Malhi, Chairman
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.