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 chief in establishing unmanned systems and detection apparatus is delivering this update on the standing of a management stop trade order (the “MCTO“) granted on March 31, 2022 by the British Columbia Securities Fee under Nationwide Coverage 12-203 – Administration Stop Trade Get (“NP 12-203“).
On April 1, 2022, the Firm declared that, for motives disclosed in the information release, there would be a hold off in the submitting of its monetary statements, yearly facts variety and management’s dialogue and examination for the fiscal year finished November 30, 2021 (the “Annual Filings“) over and above the time period approved less than relevant Canadian securities guidelines (the “Default Announcement“). The Company reports that it anticipates filing the Yearly Filings on or prior to Might 30, 2022 and will offer even further updates on the timing of the filing, as vital.
For the duration of the MCTO, the typical investing general public will carry on to be equipped to trade in the Company’s outlined prevalent shares. However, the Company’s chief government officer and main fiscal officer will not be ready to trade in the Firm’s shares. Other than as disclosed in this information launch, there are no content alterations to the facts contained in the Default Announcement. The Corporation confirms that it intends to fulfill the provisions of NP 12- 203 and will continue to issue bi-weekly default position experiences for so prolonged as it stays in default of the Annual Filings prerequisite.
About Plymouth Rock Technologies Inc.
We are on a mission to convey engineering-driven answers to the most critical troubles that threaten our safety. We get the job done with federal government, legislation enforcement and navy to innovate methods for nationwide stability, protection and room devices. The Corporation is producing the up coming era of menace detection answers and Unmanned Plane Units (UAS).
PRT styles and manufactures goal-crafted multirotor UAS, using Artificial Intelligence, chopping-edge sensors, and the hottest twin-digicam modules as standard, giving thermal abilities together with large-definition true-time air-to-floor streaming, with the skill to mount various, different sensors, modules, and payloads.
Our sophisticated menace detection methods fuse artificial intelligence with augmented actuality interfaces to reduce human functioning error. Plymouth Rock products, both airborne and land-primarily based, will scan for danger items at greater ‘stand-off’ distances than present-day existing technologies. Our exceptional radar imaging and sign processing know-how creates new possibilities for remotely operated, non-intrusive screening of crowds in genuine time.
Plymouth Rock’s main technologies consist of: (1) UAS platforms engineered to conform to NDAA FY2020 Part 848 (“PRT UAS”) (2) A compact microwave radar technique for scanning shoe’s (“Shoe Scanner”) (3) A compact modular radar utilized for a wide range of apps, from plane to weapon detection (“CODA”).
ON BEHALF OF THE BOARD OF Directors
Dana Wheeler, President and CEO
Selected data set forth in this information release could include ahead-wanting statements that entail sizeable known and unfamiliar threats and uncertainties. All statements other than statements of historic truth are ahead-looking statements, such as, without the need of limitation, statements regarding potential money placement, small business strategy, use of proceeds, company vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, price and plans and aims of or involving the Organization. These types of ahead-looking facts reflects management’s latest beliefs and is dependent on information and facts now accessible to administration. Usually, but not usually, ahead-wanting statements can be determined by the use of words and phrases such as “options”, “expects”, “is anticipated”, “funds”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “thinks” or variations (together with unfavorable versions) of these types of words and phrases and phrases or may perhaps be determined by statements to the outcome that certain actions “may perhaps”, “could”, “should”, “would”, “might” or “will” be taken, happen or be reached. A selection of acknowledged and not known hazards, uncertainties and other variables might bring about the true final results or functionality to materially vary from any foreseeable future outcomes or functionality expressed or implied by the ahead-wanting information and facts. These ahead-on the lookout statements are issue to a lot of dangers and uncertainties, particular of which are over and above the regulate of the Enterprise together with, but not restricted to, the effects of common financial situations, marketplace conditions and dependence upon regulatory approvals. Viewers are cautioned that the assumptions utilized in the preparing of such details, despite the fact that regarded as reasonable at the time of preparation, might establish to be imprecise and, as these types of, undue reliance need to not be put on forward-looking statements. The Company does not believe any obligation to update or revise its forward-on the lookout statements, whether as a final result of new info, foreseeable future occasions, or normally, apart from as necessary by securities regulations.
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