15:34:07 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Plymouth Rock Technologies Inc
Symbol PRT
Shares Issued 92,997,461
Close 2023-06-16 C$ 0.07
Market Cap C$ 6,509,822
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Plymouth Rock to shut down U.K. subsidiaries

2023-06-16 18:21 ET - News Release

Mr. Philip Lancaster reports

PLYMOUTH ROCK TECHNOLOGIES TO CLOSE UK SUBSIDIARIES AND BEGINS REBRANDING EFFORT

Plymouth Rock Technologies Inc. has decided to close its United Kingdom subsidiaries, Plymouth Rock Technologies U.K. Ltd. and Tetra Drones Ltd. Plymouth Rock has initiated the process of liquidating all assets held by both subsidiaries at their U.K. locations, which includes a full inventory and audit process. In addition, the company announces it has begun a rebranding effort, which will entail the construction of a new website with the latest information on its new direction around new drone management and monitoring services, and new partnerships.

As announced on April 19, 2023, Plymouth Rock Technologies has pivoted its business into an innovative UAV (unmanned aerial vehicle) drone management and operations services company, which focuses in three areas for critical infrastructure, and large public and private facilities. These three areas include: (i) drone management and surveillance monitoring; (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source; and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging and take-off.

"As the company moves towards a drone management and monitoring solutions business, we have made the decision to close our U.K. operation and the Tetra Drone subsidiary," shared Phil Lancaster, chief executive officer and president of Plymouth Rock Technologies. "We're excited about our new direction and key partnerships, all of whom share our vision. This, in turn, will be coupled with a new look to the company's website."

About Plymouth Rock Technologies Inc.

Plymouth Rock Technologies is an innovative UAV drone management and operations services company that focuses in three areas for critical infrastructure, and large public and private facilities. These three areas include: (i) drone management and surveillance monitoring; (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source; and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging and take-off.

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