PLRTF - Plymouth Rock Technologies Announces New CFO Karen Mae Parrin and iDEPLOYER Update
(TheNewswire)
Vancouver, BC - TheNewswire - May 16, 2023 - Plymouth Rock Technologies Inc. ( CSE:PRT ) ( OTC:PLRTF )( Frankfurt:4XA ) ( WKN# A2N8RH) (“ Plymouth Rock ”,“ PRT ”, or the “ Company ”), a leader in developing unmannedaircraft system technologies, today announced Karen Mae Parrin willassume the role responsibilities of the Company’s new ChiefFinancial Officer (CFO). The Board of Directors has also accepted theresignations of Carl Cagliarini from the Board and Sue Gardner as the Company’s CFO.
Karen specializes in Corporate Finance; primarilyfocused on public companies with a concentration on consolidation,cross-border transactions, and compliance. Karen’s industryexperience includes mining, manufacturing, renewable energy powergeneration, real estate, construction, software, andtechnology. She is a Certified PublicAccountant in the Philippines and currently pursuing the CharteredProfessional Accountant (CPA) designation in BC, Canada. Karen holds aMaster of Science in Finance (2017) and Bachelor of Science inBusiness Administration and Accountancy (2011) from the University ofthe Philippines.
“I am excited to work closely with Karen as our newCFO,” shared Phil Lancaster, CEO and President of Plymouth RockTechnologies. “Karen brings a great deal of knowledge to thiscritical role for the business, and being based in Canada, allows foreasier engagement in face-to-face discussions with our leadership teamand Board. I’d also like thank Carl and Sue for theircontributions to the Company and Board of Directors.”
Further to pressrelease dated April 19, 2023,Plymouth Rock Technologies has embarked on a newthree-pronged service offering, including (i) Drone Management andMonitoring, (ii) Automation and Integration, and (iii) Drone BaseStation Infrastructure and Technology. The Company has already begunworking with iDroneImages (iDEPLOYER) on its drone base stationtechnology at last week’s Governor’s Hurricane Conference in WestPalm Beach, Florida.
Figures 1 & 2: Drone basestation
PRT has begun discussions with others within the spacearound drone design and development, as well as automation of flightplanning and integration of sensor technologies and standalone solarpower source for remote base station and surveillance services (aspictured above). The Company anticipate announcements around theseadditional partnership efforts in the coming weeks and months.
About Plymouth Rock TechnologiesInc.
PRT designs and manufactures purpose-built multi-rotorUAS, utilizing Artificial Intelligence, cutting-edge sensors, and thelatest dual-camera modules as standard, offering thermal capabilitiesalongside high-definition real-time air-to-ground streaming, with theability to mount multiple, various sensors, modules, and payloads.
ON BEHALF OF THE BOARD OFDIRECTORS
Philip Lancaster, CEO & President
+1 (250) 863-3038
Forward Looking Statements
Certain information set forth in this news release maycontain forward-looking statements that involve substantial known andunknown risks and uncertainties. All statements other than statementsof historical fact are forward-looking statements, including, withoutlimitation, statements regarding future financial position, businessstrategy, use of proceeds, corporate vision, proposed acquisitions,partnerships, joint-ventures and strategic alliances andco-operations, budgets, cost and plans and objectives of or involvingthe Company. Such forward looking information reflects management’scurrent beliefs and is based on information currently available tomanagement. Often, but not always, forward-looking statements can beidentified by the use of words such as “plans”, “expects”,“is expected”, “budget”, “scheduled”, “estimates”,“forecasts”, “predicts”, “intends”, “targets”,“aims”, “anticipates” or “believes” or variations(including negative variations) of such words and phrases or may beidentified by statements to the effect that certain actions “may”,“could”, “should”, “would”, “might” or “will” betaken, occur or be achieved. A number of known and unknown risks,uncertainties and other factors may cause the actual results orperformance to materially differ from any future results orperformance expressed or implied by the forward-looking information.These forward – looking statements are subject to numerous risks anduncertainties, certain of which are beyond the control of the Companyincluding, but not limited to, the impact of general economicconditions, industry conditions and dependence upon regulatoryapprovals. Readers are cautioned that the assumptions used in thepreparation of such information, although considered reasonable at thetime of preparation, may prove to be imprecise and, as such, unduereliance should not be placed on forward-looking statements. TheCompany does not assume any obligation to update or revise itsforward-looking statements, whether as a result of new information,future events, or otherwise, except as required by securitieslaws.
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