Plymouth, Massachusetts – June 15 , 2022 – Plymouth Rock Technologies Inc. (CSE: PRT) (OTC: PLRTF) (Frankfurt: 4XA WKN# A2N8RH) (“Plymouth Rock”, “PRT”, “Plyrotech”, or the“Company”) a leader in developing unmanned technologies and detection apparatus is pleased to announce it has shipped a total of 16 production units at a value of USD$2450 each under subcontract to Electro Enterprises Inc. an authorized Boeing supplier. This is a follow-on order of numerous shipments. The units are “Liquid Cooled High Power Loads”
and are used on the US Army PATRIOT Advanced Capability – 3 (PAC -3) Program. The Phased Array Tracking Radar to Intercept of Target (PATRIOT) Missile protects ground forces and critical assets at all echelons from advanced aircraft, cruise missiles and tactical
ballistic missiles (TBM). The PATRIOT Advanced Capability – 3 (PAC-3) is the Army’s premier guided air and missile defense (AMD) system providing highly reactive hit-to-kill capability in both range and altitude while operating in all environments. Boeing, one of the world’s largest aerospace companies has been a client of Aerowave Inc since 2000. Plymouth Rock acquired the assets of Aerowave in 2019 and has implemented several new processes since 2019 to recapture major clients. This order, a repeat aerospace component order, further showcases the ability of PRT to produce highly intricate aerospace parts for Defense. The significance of ongoing regular purchases from Boeing and it’s purchase partner network is high given the size and credibility of Boeing together with the potential commercial benefits of future collaborations with the group. “As a company we are moving forward into several areas of aviation advances in our skies and into space”, stated Dana Wheeler, President & CEO of PRT. “Our accomplishments are now starting to integrate with our strategy across the product set we offer. This Boeing sale in conjunction with our autonomous aircraft division are in use and within procurement cycles with major organizations and governments and that includes branches of the US DoD. 2022 has started out very well and are significantly moving the company towards revenues that are ultimately focussed on driving shareholder value and to aid in future growth”,
concluded Wheeler.
About Plymouth Rock Technologies Inc.
We are on a mission to bring engineering-driven answers to the most critical problems that threaten our safety. We work with government, law enforcement and military to innovate solutions for national security, defense, and space systems. The Company is developing the next generation of threat detection solutions and Unmanned Aircraft Systems (UAS). PRT designs and manufactures purpose-built multirotor UAS, utilizing Artificial Intelligence, cutting-edge sensors, and the latest dual-camera modules as standard, offering thermal capabilities alongside high-definition real-time air-to-ground streaming, with the ability to mount multiple, various sensors, modules, and payloads.
Our advanced threat detection methods fuse artificial intelligence with augmented reality interfaces to eliminate human operating error. Plymouth Rock products, both airborne and land-based, will scan for threat items at greater ‘stand-off’ distances than current existing
technologies. Our unique radar imaging and signal processing technology creates new opportunities for remotely operated, non-intrusive screening of crowds in real time.
Plymouth Rock’s core technologies include: (1) UAS platforms engineered to conform to NDAA FY2020 Section 848 (“PRT UAS”); (2) A compact microwave radar system for scanning shoes (“Shoe Scanner”); (3) A compact modular radar utilized for a variety of applications,
from aircraft to weapon detection (“CODA”).
- ON BEHALF OF THE BOARD OF DIRECTORS
Dana Wheeler, President and CEO
+1-774-404-7685
[email protected]
Investor Information
Tasso Baras
+1-778-477-6990
[email protected]
Forward Looking Statement Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forwardlooking statements can be identified 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 be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the
control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward- looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
