20:59:21 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Plymouth Rock Technologies Inc
Symbol PRT
Shares Issued 92,997,461
Close 2023-07-18 C$ 0.055
Market Cap C$ 5,114,860
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Plymouth Rock signs MOU with Protegimus Protection

2023-07-20 11:33 ET - News Release

Mr. Phil Lancaster reports

PLYMOUTH ROCK TECHNOLOGIES SIGNS STRATEGIC PARTNERSHIP MOU WITH PROTEGIMUS PROTECTION

Plymouth Rock Technologies Inc. has signed a memorandum of understanding (MOU) for a strategic partnership with Protegimus Protection Ltd. The strategic partnership MOU is non-binding until finalized and will focus initially on collaborative business development efforts specifically focused on critical infrastructure and security applications for remote monitoring (DiaB); this includes: (i) establishing key strategic objectives and client programs for new regions, specifically Asia Pacific and the Middle East; and (ii) identifying additional services and capabilities for fixed and mobile aerial support operation centre (ASOC) services, which are all of mutual interest to Plymouth and Protegimus.

Plymouth Rock believes this strategic partnership with Protegimus will help further the company's overall three-pronged business strategy for supporting critical infrastructures and large-scale facilities, which includes: (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 takeoff.

"We are excited with our ongoing discussions with Protegimus around our strategic partnership," shared Phil Lancaster, chief executive officer and president of Plymouth Rock Technologies. "Protegimus has developed exceptional solutions designed for the surveillance and protection of critical infrastructure facilities, including power stations, oil refineries and water treatment facilities, as well as these facilities' diverse networks of pipelines, waterways and energy grids. Protegimus's unique drone and UAV monitoring and surveillance services, through fixed and mobile aerial support operation centres (ASOC), offer customers better situational awareness, increased safety through pro-active countermeasures and solutions for reducing costs while maintaining reliability. All are key to supporting PRT's mission to bring better, more robust drone and UAV management and monitoring solution to the marketplace."

"Our Protegimus team is very pleased about this opportunity to work with Plymouth Rock Technologies on this strategic partnership," shared Stephen O'Callaghan, CEO and founder of Protegimus Protection. "The consortium of strategic partners that Plymouth Rock has been assembling is impressive and is bringing together a much needed fully integrated solution for large facilities and critical infrastructures. Protegimus is excited to add our expertise in surveillance, security and emergency response solutions that will be integrated in Plymouth Rock's complete management and monitoring offering."

Plymouth Rock and Protegimus have begun working on the final details of the strategic partnership. The companies will update the marketplace, clients, partners and shareholders as market impacting achievements are delivered.

In other news, Plymouth Rock Technologies U.K. Ltd., a previous subsidiary of the company, is now in liquidation. Furthermore, the company has ceased operations with its U.S. subsidiary.

About Plymouth Rock Technologies Inc.

Plymouth Rock Technologies is an innovative UAV (unmanned aerial vehicle) 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 takeoff.

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