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VANCOUVER, Feb. 13, 2020 /CNW/ - 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 that it will be demonstrating its walk-through metal detection capability using WiFi at the invitation-only UK Home Office Expo (Security and Policing 2020) March 3-5, 2020 in Farnborough, UK ("UK Home Office Expo").
The UK Home Office Expo is an invitation-only event, sponsored by the government of the United Kingdom, which offers a world-class opportunity to meet, network and discuss the latest advances in public safety and security, a global market worth more than $500 billion USD on an annual basis.
The Company's demonstration of walk-through WiFi-based metal detection technology (the "Walk-Through Detection Unit") is the second significant development milestone the Company has achieved (desktop-based system, December 2019) toward its goal of delivering a WiFi-based concealed weapons detection, minimum viable product before the end of 2020.
A WiFi-based concealed weapons detection system represents a multibillion-dollar global opportunity that could represent a paradigm-shift in how security professionals anticipate and respond to mass shooting and terrorist threats involving soft targets, including schools, places of worship, theatres, stadiums and shopping centres.
The Company is working to advance a fully functioning working prototype for release in May 2020, which is expected to demonstrate three basic key functions:
- The detection of metal concealed in a bag, or on the person of an individual, passing through the "virtual fence post" bollards ("Metal Detection");
- The estimation of the size and shape of the concealed object (increases probability of weapons detection and reduces false positives) ("Size and Shape Detection"); and
- The trigger of an alarm on a laptop or smartphone carried by a person in authority with access to the system, enabling him or her to take defensive action (from interdicting a suspect to locking a door) ("Early Warning").
The Walk-Through Detection Unit demonstrated at the UK Home Office event, will showcase both its Metal Detection and Early Warning capabilities, two of the three functions the Company has identified as necessary to complete a properly functioning prototype.
The Company continues a robust research and development effort, involving teams led by global team of PhD-holding physicists and computer scientists at Rutgers University, VVDN Technologies Private Limited in India, and Misty West Energy and Transport Ltd. in Canada, to solve the complexity of the Size and Shape Detection challenge.
Business Development Update
The Company is also pleased to announce that it has signed alpha test agreements with partners in Canada, the United States and the United Kingdom; given the momentum surrounding the development of its WiFi business, the Company has decided to delay the development of its pepper spray program and re-allocate funds to expedite the advancement of its WiFi technology.
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.
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.
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SOURCE First Responder Technologies Inc.