PLRTF - Plymouth Rock Technologies Signs Strategic Partnership MOU with Protegimus Protection
(TheNewswire)
Vancouver, BC - TheNewswire - July 20, 2023 - Plymouth Rock Technologies Inc. (CSE:PRT) (OTC:PLRTF) (Frankfurt:4XA ) ( WKN#A2N8RH) (“ PlymouthRock ”, “ PRT ”, or the“ Company ”), a drone management and automationcompany, today announced the Company has signeda memorandum of understanding (MOU) for a Strategic Partnership withProtegimus Protection Ltd (“Protegimus”). The Strategic Partnership MOU is non-binding until finalizedand will focus initially on Collaborative Business Developmentefforts specifically focused on critical infrastructure and securityapplications for remote monitoring (DiaB), this includes, (i)establishing key strategic objectives and client programs for newregions, specifically Asia Pacific and the Middle East and (ii)identifying additional services and capabilities for fixed and mobileaerial support operation center (ASOC) services, which are all ofmutual interests to PRT and Protegimus.
Plymouth Rock believes this Strategic Partnership withProtegimus will help further the Company’s overall three (3) prongedbusiness strategy for supporting critical infrastructures and largescale facilities, which includes: (i) drone management andsurveillance monitoring, (ii) automation and integration for flightplanning, new, innovative sensor payloads, stand-alone power sourceand (iii) drone base station infrastructure and technology forautonomous self-landing, power charging and take-off.
"We are excited with our ongoing discussions withProtegimus around our strategic partnership,” shared Phil Lancaster,CEO and President of Plymouth Rock Technologies. “Protegimus hasdeveloped exceptional solutions designed for the surveillance andprotection of critical infrastructure facilities, including powerstations, oil refineries and water treatment facilities, as well asthese facilities’ diverse networks of pipelines, waterways andenergy grids. Protegimus’ unique drone and UAV monitoring andsurveillance services, through fixed and mobile aerial supportoperation centers (ASOC), offer customers better situationalawareness, increased safety through proactive counter measures, andsolutions for reducing costs while maintaining reliability. All arekey to supporting PRT’s mission to bring better, more robust droneand UAV management and monitoring solution to themarketplace.”
“Our Protegimus team is very pleased about thisopportunity to work with Plymouth Rock Technologies on this StrategicPartnership,” shared Stephen O’Callaghan, CEO and Founder ofProtegimus Protection. “The consortium of strategic partners thatPlymouth Rock has been assembling is impressive and is bringingtogether a much needed fully integrated solution for large facilitiesand critical infrastructures. Protegimus is excited to add ourexpertise in surveillance, security and emergency response solutionsthat will be integrated in Plymouth Rock’s complete management andmonitoring offering.”
Plymouth Rock and Protegimus have begun working on thefinal details of the Strategic Partnership. The companies willupdate the marketplace, clients, partners and shareholders as marketimpacting achievements are delivered.
In other news, Plymouth Rock Technologies UK Ltd., aprevious subsidiary of the Company, is now in liquidation.Furthermore, the Company has ceased operations with its U.S.subsidiary.
About Plymouth Rock TechnologiesInc.
Plymouth Rock Technologies (PRT) is an innovative UAVdrone management and operations services company that focuses in threeareas for critical infrastructure and large public and privatefacilities. These three areas include (i) drone management andsurveillance monitoring, (ii) automation and integration for flightplanning, new, innovative sensor payloads, stand-alone power sourceand (iii) drone base station infrastructure and technology forautonomous self-landing, power charging, and take off. www.plyrotech.ca
About Protegimus ProtectionLtd.
Protegimus Protection is a licensed bodyguard,executive protection and security consultancy company that operatesfrom within the United Kingdom. We are raising the standards in theindustry and have goals that are client-focused and result-driven. Oursecurity consultancy outfit provides a multitude of bespoke securityservices to the highest of standards. All Protegimus Protectionsecurity personnel are carefully and meticulously selected, through astrict and professional vetting process. This ensures that our clientshave the best-suited personnel providing their security services tothe highest of standards.
ON BEHALF OF THE PRT BOARD OFDIRECTORS & PROTEGIMUS PROTECTION
Philip Lancaster, President and CEO
Plymouth Rock Technologies Inc.
info@plyrotech.ca
Steve O'Callaghan, Founder & CEO
Protegimus Protection Ltd.
steve@protegimusprotection.com
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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