fbpx

The Buzz Surrounding First Responder Technologies Inc.

About:

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 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. 

Our Behind the Buzz Show Featuring First Responder Technologies Inc.

Our Behind the Buzz Show Featuring First Responder Technologies Inc.

First Responder is developing a patent pending concealed weapons detection product, licensed from Rutgers University and developed in Vancouver with the assistance of Misty West:
The technology Central Currently in discussions with the AI Lab at a leading Canadian University to enhance the initial Rutgers WiFi Detection Device with Artificial Intelligence capabilities. WiFi Concealed Detection Device

Sentinel ™ WiFi Concealed Detection Device
Central First Responder is developing a patent pending concealed weapons detection product, Sentinel ™ Wifi, licensed from Rutgers University and developed in Canada, India and Silicon Valley with the assistance of Misty West, VVDN Technologies and Wavelabs

First Responder’s patent pending WiFi Detection Device reduces health hazards to civilians and has a less complicated regulatory approval process, as WiFi operates in unlicensed spectrum. It is faster, easier to deploy and safer than existing concealed weapons detection systems. Advantages Central First Responder Technologies Inc. states that with its patent pending WiFi Concealed Weapons Detection Device, First Responder aims to rival or displace the existing multibillion-dollar Millimeter Wave (MMW) detection device market. WiFi Concealed Detection Device

Sentinel ™ Vision AI Open
The Smart AI Camera, which will utilize advanced machine learning and artificial intelligence processing on the edge, is expected to feature live-streaming video analytics technology for smart surveillance and monitoring, and generate early warning alarms for events that have the potential to harm property or persons. .

Central Carry Weapons Detection

Recent Developments

Aug. 17, 2020 - First Responder Technologies Demonstrates Sentinel™ Wifi Concealed Weapons Detection Units

 

First Responder Technologies Inc. , a developer of WiFi-based technologies for detecting concealed weapons and for deterring mass shooting and terror attacks involving concealed weapons, is pleased to announce that it successfully demonstrated its Sentinel™ WiFi concealed weapons detection and Sentinel™ Vision openly carried weapon detection units (the “Units“) to the Company’s Board of Directors and Advisory Council at a board meeting held on August 14, 2020. Sabre Global UK Ltd., a technology systems integrator and value-added reseller focused on introducing North American military and public safety technology to the United Kingdom, is expected to begin testing one of the Units this month. In addition, three Units are expected to arrive in Vancouver this week for demonstrations and further refinement of artificial intelligence features.

Despite the COVID-19 pandemic and related challenges, management expects that the Company will complete its previously disclosed business objectives. The Company expects to deliver its A4 minimum viable product in the fourth quarter of 2020, which management anticipates will result in the Company’s first revenue event. In addition, management expects that development of the Company’s Sentinel Suite of weapons detection sensors will be completed in 2021. Deployment of a V1.0 product is expected to occur by the end of 2021.

RSU Grants

The Company has granted 1,000,000 restricted share units (each, an “RSU“) to certain directors, officers and consultants of the Company, with 1/3 of the of the RSUs vesting on December 31, 2021, 1/3 vesting on December 31, 2022, and 1/3 vesting on December 31, 2023. All of the RSUs will be subject to the terms of the Company’s rolling restricted share unit plan and applicable securities law hold periods.

Native Ads Inc. Engagement

First Responder has engaged Native Ads Inc. (“Native Ads“) to provide and manage a comprehensive digital media marketing campaign for the Company. The Company has entered into a 12-month programmatic digital advertising campaign for a total cost of C$55,000. The campaign includes, but is not limited to: content creation, web development, media buying and distribution, advertising development, and campaign reporting and optimization. A budget of C$41,250 from this payment will be allocated for digital advertising, paid distribution, and media buying. A budget of C$13,750 will be allocated for production, managed services, and management fees over the campaign period. Neither Native Ads nor any of its directors and officers own any securities of the Company. Native Ads is a full-service ad agency and operator of a programmatic ad exchange.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-demonstrates-sentinel-tm-wifi-concealed-weapons-detection-units-817850021.html

July 22, 2020 - First Responder Technologies and Falcon Eye Drones Sign an Exclusive Distribution Agreement for UAE and Wider GCC

First Responder Technologies Inc. , a developer of WiFi-based technologies for detecting concealed weapons and for deterring mass shooting and terror attacks involving concealed weapons, is pleased to announce that on July 21, 2020 it signed an exclusive reseller and strategic partnership agreement (the “Distribution Agreement“) with Falcon Eye Drones & Ariel Photography LLC (“FEDS“) for the distribution of the Company’s Sentinel™ WiFi concealed weapons detection units (the “Units“) in the Gulf Cooperation Council member states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) (the “GCC” or the “Territory“).

FEDS is a Dubai-based technology company that offers surveying, monitoring and inspection services using drone technology. Additional information about FEDS is available on FEDS’ website, which may be accessed at: https://www.feds.ae/.

“We are exceptionally pleased to welcome FEDS as our exclusive reseller and strategic partner in the GCC region. Dubai in particular, has been a global leader in the development of smart city infrastructure, and we look forward to introducing a 21st century public safety solution to the region, that also protects individual liberty and personal privacy. We are also excited about exploring the development of drone-based and other mobile applications for our Sentinel suite of products and services alongside FEDS. FEDS brings both technical and commercial excellence to the partnership, which is an ideal combination, as we begin shipping and installing our MVP products in key markets at the end of this year,” said Robert Delamar, the Company’s CEO.

If FEDS acquires and distributes the minimum number of the Company’s Units required to maintain exclusive distribution rights in the Territory, as required by the terms of the Distribution Agreement, the Distribution Agreement may generate more than USD $10.6 million in revenue through the end of 2022. The Company anticipates a gross margin of up to approximately 50% per unit, once the Company’s supply chain and manufacturing reach maturity and scale.

“It is a very exciting opportunity to partner with First Responder and bring this unique tech to our region. We believe there is a huge demand for such a solution and we are very much looking forward to not only developing the business here but also being part of the long term strategic product plans of First Responder,” said Rabih Bou Rashid, CEO of FEDS.

Pursuant to the Company’s previously disclosed product development roadmap, delivery of the first units under the Distribution Agreement are anticipated to be delivered before the close of calendar 2020, with delivery accelerating as the Company meets development milestones through 2021 and 2022.

FEDS will work with First Responder through the remainder of 2020, to engage defence and public safety agencies in the Territory, as well as ramp up and roll out customer support and service in the Territory. As First Responder’s exclusive partner in the Territory, all sales, installation and after-market support and service will be provided to customers by FEDS, with First Responder providing support to FEDS as needed. The Distribution Agreement will remain in effect until terminated by the parties, and the exclusivity provisions contained therein will remain in effect until December 31, 2022.

The Company continues to make progress developing reseller partnerships in most of the major global markets.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-and-falcon-eye-drones-sign-an-exclusive-distribution-agreement-for-uae-and-wider-gcc-870303169.html

July 10, 2020 - Hon. Stockwell Day, PC Appointed as Chairman of The Board of First Responder Technologies Inc.

First Responder Technologies Inc., a developer of WiFi-based technologies for detecting concealed weapons and for deterring mass shooting and terror attacks involving concealed weapons, is pleased to announce the appointment of Hon. Stockwell Day, PC as the new independent Chairman of the Company’s board of directors, effective immediately. Mr. Day is succeeding Mr. Kulwant (Kal) Malhi, who served as Chairman since 2019. Mr. Malhi will also step down from his position as a director.  Mr. Howard Gutman, former Ambassador of the United States of America to Belgium, will replace Mr. Day as Head of the Company’s advisory council.

Robert Delamar, the Company’s CEO commented, “Mr. Day brings a wealth of external and internal experience to the role:  externally, through his distinguished career in public service, including his time in office spent as Canada’s former Minister of Public Safety, former Vice-Chair of Canada’s Parliamentary Subcommittee on Human Rights, and Chair of the Cross-Cultural Roundtable on Security; and internally, through his service as the former Head of the Company’s advisory council, among which he led a team of board members, executives and advisors in the conceptualization, drafting and adoption of the Company’s Statement of Values.”

Mr. Day commented, “I am honoured to take on this role.  With incidents of shootings and terrorist attacks in public, commercial and residential spaces on the rise, the implementation of concealed weapons detection technology solutions has become a necessity for governments, law enforcement, security agencies, landlords and homeowners.  While these solutions have the real potential to increase public safety, they must be balanced with a commitment to privacy so that citizens may go about their business without fear of racial, religious or socio-economic profiling; personal intrusion, including loss of liberty and privacy; and/or powerful, rapidly changing technology falling into the wrong hands.  I believe the Company, in the design of its products, and through the Company’s Statement of Values (key provisions of which have been made contractually binding through the terms of the Company’s reseller agreements), is committed to balancing these competing interests, and I believe these products represent the possibility of a real change in the way cities, commercial premises and residences are protected in the future, and safeguarded from the threats posed by armed criminals and terrorists.”

“The Company wishes to thank Mr. Malhi for his service on the Company’s board, and looks forward to receiving his continued strategic advice and guidance in his continued role as the Company’s founder,” Mr. Delamar added.

The Company’s Statement of Values, referenced above, can be accessed online at the following link:  https://www.firstrespondertech.com/statement-of-values/

For Full release: https://www.newswire.ca/news-releases/hon-stockwell-day-pc-appointed-as-chairman-of-the-board-of-first-responder-technologies-inc–820101872.html

June 29, 2020 - First Responder Technologies receives DTC eligibility

First Responder Technologies Inc., a developer of WiFi-based technologies for detecting concealed weapons and for deterring mass shooting and terror attacks involving concealed weapons, is pleased to announce that it has received approval from the Depository Trust Company (“DTC“), making its shares DTC eligible.

DTC provides depository and book entry services, along with a settlement system for equities in the United States and across the globe. The organization is a member of the U.S. Federal Reserve System and a registered clearing agency with the U.S. Securities and Exchange Commission.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-receives-dtc-eligibility-837858062.html

May 28, 2020 - First Responder Technologies Commences Trading on the OTCQB Market in the United States

First Responder Technologies Inc., a developer of WiFi-based technologies for detecting concealed weapons and for deterring mass shooting and terror attacks involving concealed weapons, is pleased to announce that it has acquired a Patent Cooperation Treaty (“PCT“) patent application pertaining to body-mounted threat detection technology.

The PCT patent application, entitled “Body-Mounted Threat Detection System and Methods of Using Same”, represents an important step in expanding the Company’s intellectual property portfolio. The patent application addresses a body-mounted threat detection system for detecting threatening objects carried by a suspect (the “Body Worn Application“).

“The Company would like to extend its sincere thanks to its founder and Chairman, Mr. Kulwant (Kal) Malhi for assigning his innovative vision for body-mounted threat detection to the Company’s growing portfolio of intellectual property.    First Responder remains very much the product of Mr. Malhi’s passion, based on his early career experience as a front-line police officer, to develop new inventions that enhance public safety, while reducing the harm to First Responders,” said Robert Delamar, the Company’s CEO.

The Company continues to advance a robust program of research and development, including the recent announcement of an AI-based open-carry weapons detection camera, which the Company anticipates the Body Worn Application may complement over time.

The PCT is an international patent law treaty, which provides a unified procedure for filing patent applications to reserve the right to protect inventions in each of its member states. There are 153 contracting states within the PCT, including the jurisdictions of the United StatesJapan, member states of the European Union, the United KingdomCanadaAustraliaNew ZealandChinaBrazilRussiaIndia, as well as many others.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-acquires-patent-application-for-body-mounted-threat-detection-system-826706820.html

May 26, 2020 - First Responder Technologies Acquires Patent Application For Body-Mounted Threat Detection System

First Responder Technologies Inc., a developer of WiFi-based technologies for detecting concealed weapons and for deterring mass shooting and terror attacks involving concealed weapons, is pleased to announce that it has acquired a Patent Cooperation Treaty (“PCT“) patent application pertaining to body-mounted threat detection technology.

The PCT patent application, entitled “Body-Mounted Threat Detection System and Methods of Using Same”, represents an important step in expanding the Company’s intellectual property portfolio. The patent application addresses a body-mounted threat detection system for detecting threatening objects carried by a suspect (the “Body Worn Application“).

“The Company would like to extend its sincere thanks to its founder and Chairman, Mr. Kulwant (Kal) Malhi for assigning his innovative vision for body-mounted threat detection to the Company’s growing portfolio of intellectual property.    First Responder remains very much the product of Mr. Malhi’s passion, based on his early career experience as a front-line police officer, to develop new inventions that enhance public safety, while reducing the harm to First Responders,” said Robert Delamar, the Company’s CEO.

The Company continues to advance a robust program of research and development, including the recent announcement of an AI-based open-carry weapons detection camera, which the Company anticipates the Body Worn Application may complement over time.

The PCT is an international patent law treaty, which provides a unified procedure for filing patent applications to reserve the right to protect inventions in each of its member states. There are 153 contracting states within the PCT, including the jurisdictions of the United StatesJapan, member states of the European Union, the United KingdomCanadaAustraliaNew ZealandChinaBrazilRussiaIndia, as well as many others.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-acquires-patent-application-for-body-mounted-threat-detection-system-826706820.html

May 19, 2020 - First Responder Technologies Demonstrates Advanced AI Open-Carry Weapons Detection Product

First Responder Technologies Inc. a developer of WiFi-based technologies to detect and deter mass shooting and terror attacks involving concealed weapons, is pleased to announce that it is developing an advanced AI open-carry weapons detection camera, and successfully demonstrated a proof of concept to the Company’s Board of Directors and Advisory Council at its fiscal Q3 board meeting held on May 15, 2020 (the “Smart AI Camera“).

The Smart AI Camera, which will utilize advanced machine learning and artificial intelligence (“AI“) processing on the edge, is expected to feature live-streaming video analytics technology for smart surveillance and monitoring, and generate early warning alarms for events that have the potential to harm property or persons (including, for example, the detection of openly carried weapons, such as guns or large knives).

The Smart AI Camera, when combined with the Company’s concealed weapon detection technology, is expected to provide comprehensive weapon detection and perimeter protection capabilities for a variety of premises, including expanded coverage for residential buildings and detached properties. As such, the development of the Smart AI Camera marks a notable expansion of the Company business into the home surveillance market, with an increased focus on consumer applications for the Company’s products and services.

“We are especially pleased to make today’s announcement given these trying times.  Our team has continued to work exceptionally hard through this adversity to conceptualize, design and demonstrate the proof of concept Smart AI Camera product we unveiled today.  This innovation in open-carry weapons detection, combined with our WiFi-based concealed weapons detection product, will help to make homes and businesses safer,” said Robert Delamar, the Company’s CEO.

According to data sourced from the World Economic Forum, a significant increase in the unemployment rate, arising from an economic shock, correlates with increased rates of crime.1

A video illustrating the expected look and functionality of the Smart AI Camera may be viewed at the following web page:2 https://vimeo.com/418565909/eaa073cad5

The Smart AI Camera prototype is expected to feature the following hardware specifications:

  • On-edge AI capabilities
  • 4K Resolution
  • Wide, Normal and Narrow Angle Lens options
  • Digital image stabilization
  • Lens Distortion correction
  • USB port, SD card slot
  • Built in microphone and audio out

The Company demonstrated the software underlying the Smart AI Camera at its recent board meeting held on May 15, 2020. Management of the Company anticipates that it will deliver a prototype of the Smart AI Camera for demonstration to early prospective customers by the end of June 2020, with commercial availability of a minimum viable product expected by the end of December 2020.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-demonstrates-advanced-ai-open-carry-weapons-detection-product-824657906.html

May 5, 2020 - First Responder Technologies Appoints Philip Murphy as Vice-President of Government Affairs

First Responder Technologies Inc. a developer of WiFi-based technologies to detect and deter mass shooting and terror attacks involving concealed weapons, is pleased to announce the appointment of Philip Murphy to the position of Vice-President of Government Affairs. Mr. Murphy will work in-house to supplement the work of McMillan Vantage, the Company’s outsourced governmental affairs team.

Mr. Murphy brings three decades of experience in Canadian government and politics, including most notably his time spent as Chief of Staff to the Rt. Hon Stephen Harper, PC, during the period Mr. Harper served as Canada’s leader of Her Majesty’s Loyal Opposition.   Following his time in politics, Mr. Murphy spent almost a decade as an executive at MacDonald, Dettwiler and Associates Ltd., engaging government and the private sector in a joint government affairs and business development role.  Mr. Murphy brings this experience to a similar role at First Responder, where his focus will be spent engaging the Canadian security, defence and intelligence communities on behalf of the Company.

“In addition to the excellent work that Mark Resnick and the team at McMillan Vantage are undertaking on behalf of the Company, Mr. Murphy brings to the team a deep understanding of government operations and procurement. With the recovery phase of Canada’s response to the Covid-19 pandemic close at hand, Mr. Murphy’s added expertise will help prepare the Company to assist Canadian governments as they move to continue to mitigate the worst effects of the pandemic, while ensuring public safety and security,” said Robert Delamar, the Company’s CEO.

Mr. Murphy joins a talented advisory team, assisting the Company’s outreach to the Canadian public safety sector.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-appoints-philip-murphy-as-vice-president-of-government-affairs-898451340.html

April 30, 2020 - First Responder Technologies and Sabre Global UK Sign an Exclusive Distribution Agreement for UK Market

First Responder Technologies Inc. a developer of WiFi-based technologies to detect and deter mass shooting and terror attacks involving concealed weapons, is pleased to announce that on April 29, 2020 it signed an exclusive reseller and strategic partnership agreement with Sabre Global UK Ltd. (“Sabre UK“) for the distribution of the Company’s units in the UK market (the “Distribution Agreement“).

Sabre UK is a technology systems integrator and value-added reseller focused on introducing North American military and public safety technology to the United Kingdom (the “Territory“). Additional information about Sabre UK is available on Sabre UK’s website, which may be accessed at: https://sabre-global.co.uk.

“With leading government agencies and private sector clients in the UK, Sabre UK is well positioned to develop the market for First Responder’s products and services in the Territory, and we look forward to partnering with their experienced team to help build a business there,” said Robert Delamar, the Company’s CEO.

If Sabre UK acquires and distributes the minimum number of the Company’s units required to maintain exclusive distribution rights in the Territory, as required by the terms of the Distribution Agreement, the Distribution Agreement may generate more than USD $11 million in revenue through the end of 2022. The Company anticipates a gross margin of up to approximately 50% per unit, once the Company’s supply chain and manufacturing reach maturity and scale.

“The First Responder-Sabre partnership brings together extensive skills in business and technology strategy, product ideation, technology development and deployment, and most importantly, public safety,” said Ian Church, Commercial Director of Sabre UK. “This partnership aligns with our core strategy on many fronts and we are excited to introduce First Responder’s innovative detection products to our valued customers.”

Pursuant to the Company’s previously disclosed product development roadmap, delivery of the first units under the Distribution Agreement are anticipated to be delivered before the close of calendar 2020, with delivery accelerating as the Company meets development milestones through 2021 and 2022.

Sabre UK will work with First Responder through the remainder of 2020 to engage defence and public safety agencies in the UK, as well as ramp up and roll out customer support and service in the UK market.   As First Responder’s exclusive partner in the UK, all sales, installation and aftermarket support and service will be provided to UK customers by Sabre UK, with First Responder providing support to Sabre UK as needed. The Distribution Agreement will remain in effect until terminated by the parties, and the exclusivity provisions contained therein will remain in effect until December 31, 2022.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-and-sabre-global-uk-sign-an-exclusive-distribution-agreement-for-uk-market-820727762.html

April 13, 2020 - First Responder Technologies Announces Restricted Share Unit Grant Program

First Responder Technologies Inc. a developer of WiFi-based technologies to detect and deter mass shooting and terror attacks involving concealed weapons, is pleased to announce the implementation of a rolling restricted share unit plan (the “RSU Plan”) and grant of 3,000,000 restricted share units pursuant to the RSU Plan (each, an “RSU”).

In order to further align the interests of the Company’s senior executives, key employees, directors, and consultants to those of the shareholders of the Company, the Board of Directors has approved the implementation of the RSU Plan. Under the RSU Plan, eligible persons may (at the discretion of the Board) be allocated a number of RSUs as the Board deems appropriate, with vesting provisions also to be determined by the Board.  Pursuant to the RSU Plan, the maximum number of RSUs that may be granted, when combined with outstanding stock options and other compensation securities, is 20% of the Company’s issued and outstanding common shares as of the time of grant.

“With the adoption of this new plan the Company has added flexibility to attract and retain leading engineering and commercial talent as the Company executes its business plan,” said Robert Delamar, CEO.

The Company has granted 3,000,000 RSUs to a senior technical/engineering executive of the Company, with 1/3 of the of the RSUs vesting on December 31, 2021, 1/3 vesting on December 31, 2022 and 1/3 vesting on December 31, 2023. All of the RSUs will be subject to applicable securities law hold periods.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-announces-restricted-share-unit-grant-program-858555893.html

March 6, 2020 - First Responder Technologies Successfully Demonstrates Prototype of Worlds First WiFi-Based Walk Through Metal Detection Device

First Responder Technologies Inc. a developer of WiFi-based technologies to detect and deter mass shooting and terror attacks involving concealed weapons, is pleased to announce that the Company, supported by engineers from VVDN Technologies Private Limited, successfully completed a major milestone by demonstrating the world’s first WiFi-based walk through metal detection prototype at the UK Home Office sponsored Security & Policing 2020 conference in Farnborough, UK this past week (“UK Home Office Show“).  

A video demonstration of the WiFi walk-through metal detection prototype can be viewed at the following web page: https://www.firstrespondertech.com/walk-through-prototype/

Attendees at the Company’s display booth at the UK Home Office Show, including security professionals charged with protecting some of the world’s most iconic infrastructure, value added resellers and systems integrators, received a demonstration of the device’s metal detection and early warning functionality.   The Company’s senior management anticipates that certain requests for follow up commercial discussions arising out of the UK Home Office Show, may lead to commercial sales as early as the end of 2020, pending the successful completion of the Company’s alpha tester program, further research and development, and product prototyping necessary to enable the launch of a minimum viable product (Beta) prior to the end of 2020.  

“While it still remains early days in the Company’s development, it is my sincere pleasure to work with a gifted team of product development and engineering professionals whose remarkable commitment to disrupting the global security paradigm with an effective, economical and easy to install, WiFi-based weapons detection technology, has resulted in these promising early results,” said Robert Delamar, the Company’s CEO.  

While the Company continues to meet or exceed projected product development milestones of the Company’s WiFi-based weapons detection system, the Company’s technology remains at the research and development stage.

For Full release:  https://www.newswire.ca/news-releases/first-responder-technologies-successfully-demonstrates-prototype-of-worlds-first-wifi-based-walk-through-metal-detection-device-874620191.html

Feb. 21, 2020 - First Responder Technologies Provides Letter to Shareholders: Looking Forward With Optimism

First Responder Technologies Inc. a developer of WiFi-based technologies to detect and deter mass shooting and terror attacks involving concealed weapons, today provided its shareholders with the following letter and corporate update from Kal Malhi, Chairman.

Dear fellow shareholders:

Momentum is accelerating as we move deeper into the first quarter of 2020. As many of you know, the Company recently signed alpha test agreements with partners in Canadathe United States and United Kingdom. We were also invited to attend the invitation-only UK Home Office Expo (Security and Policing 2020) March 3-5, 2020 in Farnborough UK, where the Company will demonstrate the world’s first WiFi-based walk-through metal detection unit using sensor bollards.

2019 was a year of ambitious stage-setting for First Responder as we positioned our company for the next leap in its evolution, from a highly innovative development company to a commercially viable business. Our goal has been clear from the outset: to establish a successful commercial legacy in the world of weapons detection and product innovation. We would like to thank our early shareholders for believing in the Company’s vision as we continue to develop and innovate our proprietary technology. Your support is an integral part of our goal to build a successful and revolutionary technology company.

The task to transfer innovative concepts from the minds of our team members to First Responder’s drawing boards and from there to tomorrow’s technology products is considerable. Our team is ready and driven to accomplish that goal this year, and we are up to the challenge.

What made us proud in 2019 and make us confident in 2020:

  • we completed our initial public offering for gross proceeds of approximately $4.8 million;
  • our common shares have remained liquid since trading commenced on the Canadian Securities Exchange on January 16, 2020, with approximately 11.4 million common shares traded since that date;
  • we appointed Ambassador (Ret.) Howard Gutman, former United States Ambassador to Belgium and former Special Assistant to the Director of the Federal Bureau of Investigation, and Brigadier General (Ret.) John Jayet, former commander of a number of French Army units, including a military intelligence regiment, to our Advisory Council;
  • senior members of the Company’s senior management team attended Milipol, a homeland security and public safety tradeshow and conference, in Paris, France from November 19-22, 2019 (“Milipol“), as well as the International Security Exposition, a homeland security and public safety tradeshow and conference in London, UK from December 3-4, 2019 (“ISE“); and
  • at Milipol and ISE, the Company logged approximately 200 in‐person requests for follow‐up, from prospective customers and partners, and to date the Company has recorded in excess of 1,000 digital inquiries about its WiFi‐based weapons detection technology from prospective customers and partners.

We view each of these accomplishments as validation of our technology, our team and our progress.

First Responder’s management team recognizes that the first quarter of 2020 has so far been a challenging quarter in the capital markets and, as with most venture company listings, we experienced considerable volatility in our share price. Our mindset is to consistently build the Company, and the stock price will follow. We continue to focus on innovation and product engineering with a solid business strategy.

First Responder was founded with a focus to develop technology that we believe can make the world safer.  We believe that our WiFi-based weapons detection technology is a first step toward realizing that vision.

Moving forward, we look forward to First Responder hitting key milestones and transitioning to a commercially successful, sustainable business. Looking back on the decision you made to invest with us, I trust you share my conviction and belief that our best days and years are to come. Thank you for your support.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-provides-letter-to-shareholders-looking-forward-with-optimism-854986280.html

Feb. 13, 2020 - First Responder Technologies to Demonstrate World's First WiFi-based Walk-through Metal Detection Unit at UK Home Office Expo March 3 - 5, 2020

First Responder Technologies Inc. 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.

For Full release: https://www.newswire.ca/news-releases/first-responder-technologies-to-demonstrate-world-s-first-wifi-based-walk-through-metal-detection-unit-at-uk-home-office-expo-march-3-5-2020-824500330.html

In the Press

Aug. 24, 2020 - Weapon detection system being developed to protect public spaces

These capabilities for detecting suspicious metal items with wireless signals have already been demonstrated and the first version of the system will be released by the end of the year, says safety and security technology development company First Responder Technologies CEO Robert Delamar.

The system, which consists of a concealed weapon detection network and open-carry detection camera network, protects the perimeter and interior of public spaces, such as sports stadiums, campuses, public schools and open-air markets, and provides early warnings to security service providers when a dangerous weapon is detected, which will help to reduce incidents of crime.

The concealed weapon detection system is a walk-through virtual fence that creates a ‘mesh’ around the perimeter of a building or space where the public gathers. The virtual fence allows the detection of dangerous objects that are concealed on people without storing any personal identifying information.

Additionally, each of the concealed weapon detection bollards for the WiFi system can easily be carried by a person and set up to protect temporary events, such as entertainment events, sports events or commercial expositions.

“The product solves a specific problem. It provides usable information to security personnel in a chaotic situation in public spaces by identifying an armed person who may be intent on doing harm,” he says.

The system is designed to supplement existing security systems and expand their capabilities. It provides a walk-through detection capability that is discrete, helping to reduce avoidance of security checks, and replacing conventional metal detectors.

The First Responder system, designed to be part of an Internet of Things, can be used by first responders and security personnel on laptops and handheld devices, and can serve as either a stand-alone product or as part of a layered security system.

First Responder is developing this WiFi-based concealed weapons detection technology, based in part on academic research licensed from Rutgers, the State University of New Jersey.

“A WiFi concealed weapons detection device could significantly rival or displace existing security systems and devices in the market by 2025. “First Responder’s WiFi Concealed Weapons Detection Device will be safer, and less costly to deploy than existing competitive technologies,” he says….

For Full release: https://www.engineeringnews.co.za/article/weapon-detection-system-being-developed-to-protect-public-spaces-2020-08-21-1/rep_id:4136

Feb. 13, 2020 - Upcoming Product Promises to Detect Weapons Via Wi-Fi

Wi-Fi — usually associated with Internet connectivity — might soon have another use: detecting guns and knives before they can be used to kill people. That’s the idea behind a product in development by First Responder Technologies, a Vancouver, B.C.-based company. 

The product, which is expected to cost less than $10,000, will be a pair of posts, or bollards, that have Wi-Fi antennas embedded in them. The posts will create a virtual fence between each other that can detect dangerous metal objects in bags around the perimeter of a premises, ideally before the individual carrying the weapon wreaks havoc on the place they’re entering. 

Once the system detects a suspicious object, it will send an alarm to the computer or phone of a first responder or local security agent so that the individual carrying the weapon can be apprehended or so that location-specific security procedures, such as the automatic locking of doors, can be initiated. 

Currently, the product analyzes what is known as channel state information to detect metal. The company is still working on a way to produce “good enough” images so that the system can better sense the difference between, say, the barrel of a rifle and an umbrella, said company CEO Robert Delamar. The final product will not generate high-quality 3-D pictures but will use machine learning for improved detection.

Delamar said his company is aiming to have a prototype ready by May. The product will be tested by schools, police departments and other organizations in various countries, including the U.S. Delamar said he could not reveal any more details about when and where the testing will take place, but he did give an example of a situation the product could address. 

“I’m thinking specifically of the Las Vegas massacre in the fall of 2018,” Delamar said. “Remember, that gentleman brought in multiple duffel bags filled with long guns. And it would be those posts that hopefully would prevent someone like that from carrying a gun into a premises concealed in a bag. That’s the kind of use case that we would be solving for.” 

Delamar added that the product will also be able to detect handguns and large knives. The latter object type is being addressed due to a multitude of machete and knife attacks in the United Kingdom in recent years. 

Smaller metal objects will not be specifically targeted by the product. 

“Your paperclips, your nail files, your small scissors, even smaller knives may not be detected by the system,” Delamar said. “That’s designed on purpose. The goal is to have good enough detection that detects the most obvious harms.”

Delamar said the posts will be easy to install and will not require any Internet connectivity. 

The research behind the product started in 2017, said electrical and computer engineering professor Yingying Chen, who works with a team on the product at Rutgers University. Chen and a number of other researchers produced a peer-reviewed paper in 2018 titled “Towards In-Baggage Suspicious Object Detection Using Commodity WiFi.” The study won the Best Paper award at the IEEE Conference on Communications and Network Security. 

According to a Rutgers press release about the study, experiments showed that Wi-Fi could accurately detect dangerous objects 99 percent of the time. However, the accuracy rate slipped to 90 percent when concealed objects were also wrapped in material. Delamar said the goal of current research and development is to make detection more accurate, though he could not reveal any new information about accuracy rates beyond that. 

In addition to detection of firearms and large knives, the research initially focused on detection of explosives. Such a possibility is not off the table for First Responder Technologies, but the company’s focus is currently elsewhere. 

“It’s just not on the road map right now,” Delamar said. “Because the point is people aren’t blowing up schools; they’re shooting them.”

Other emerging technologies for detecting deadly weapons exist. For instance, there is Hexwave, a product from the company Liberty Defense that uses radio waves to produce 3-D images of concealed deadly weapons in real time. But Delamar said Wi-Fi is both cheap and ubiquitous and may not involve as much regulation. 

“Commercial Wi-Fi uses unlicensed spectrum, and as long as we’re utilizing pre-certified chipsets and components, then we should … not (be) required to have a government license to deploy the system,” Delamar said. 

Chen said the research challenge now is getting the product to the point where the size and shape of objects can be identified. She also cited a significant advantage of using Wi-Fi for security: participants aren’t required to do anything outside of their normal behavior for detection to occur. 

On the subject of privacy, Delamar said First Responder Technologies is sympathetic to concerns about technology intruding into people’s lives. The product is intended to only detect certain metallic objects and won’t lead to very sharp images of people’s personal belongings

Additionally, the company views the product as a first step in detecting a potential harm. If a weapon is detected, Delamar said that would establish probable cause in a setting where such objects are banned. 

“You get good enough security and the preservation of privacy and a probable cause … that allows for potentially more invasive surveillance once that probable cause (i.e., the presence of a weapon) has been determined,” Delamar said. “So it’s a nice trade-off. It’s the kind of trade-off that you want to live with in a democracy.”

However, in an article from Ontario-based publication Windsor Star, Ontario Information and Privacy Commissioner Brian Beamish was not convinced by the company’s privacy argument. 

“Extra skepticism should be exercised about claims that these law enforcement panaceas will have no impact on personal privacy,” Beamish told the Star.

Delamar added that First Responder Technologies doesn’t offer a stance on gun control. It only wants to deal with unlawful possession of objects. 

The company is fairly new, having been founded in 2017, and it began trading on the Canadian Securities Exchange last month. Its entry into the stock market generated nearly CA$5 million, according to a regulatory filing, but it currently has “no operating income.” The highest share price the company has reached is 39 cents.

For Full release: https://www.govtech.com/public-safety/Upcoming-Product-Promises-to-Detect-Weapons-Via-Wi-Fi.html

Feb. 8, 2020 - New technology may prevent mass shootings using WiFi

WiFi connect smartphones and computers to the internet — but it could also help pinpoint where a gunman is before a mass shooting.

First Responder Technologies, a B.C.-based tech company, is developing a product that uses WiFi it says may help locate concealed weapons and prevent terrorist threats.

 

The company claims to secure the interior and exterior of public spaces and buildings by extending detection to the perimeter of a property, covertly detecting threats as they approach vulnerable targets and warning law enforcement and local security of a potential active shooter on premises.

“All we’re doing is hoping to get a magic 10-15 seconds, so that the on-site security officer or police officer get the alert and they can do something about it,” said First Responder Technologies CEO anddirector Robert Delamar.

“Whether that’s something as simple as locking a door or interdicting the shooter.”

Imagine two dark-coloured fence posts, inconspicuous to the public and bad guys, which act as a WiFi antenna transmitter and receiver. A minimum of two posts — more for large areas daisy-chained — would have to be installed around the perimeter of a public place, such as a parking lot.

These posts, a few metres apart, create an “invisible mesh” with the signals pinging back and forth with WiFi speeds ranging from 2.4 GHz to 60 GHz. When a person walks through the signal, the patent-pending technology is able to detect metals of certain sizes and the AI behind it will recognize long guns and knives (though currently not explosives) and determine if it could be a threat.

If that is the case, the system then allows for more invasive surveillance. It will either activate a camera installed in the fence post or nearby CCTV to confirm the identity of the person isn’t someone who should be lawfully carrying a gun, like a police officer.

“The AI we use is trained to tell the difference between a shooter and a good person. There’s also tagging technologies that you can utilize to tell friendlies from bad guys,” said Delamar. “Rather than having full-time surveillance and invading their privacy, what this system allows you to do is activate a probable cause tripwire.”

In milliseconds, the system then fires off an alert to the laptops or smartphones of security on-site or to police.

The patent-pending prototype will begin alpha-testing in May in Canada, the U.K. and U.S. The company is working with New Jersey’s Rutgers University to continue research on the technology.

Former federal public safety minister Stockwell Day is a head advisor on the project.

The company was founded in 2017 by retired RCMP officer Kal Malhi, who wanted to reduce the number of mass shootings. The company saw gaps in technology and security in public spaces and wanted to give security enforcement — cops, security guards, school principals and teachers — that crucial 10-15 seconds it takes for a gunman to run beyond the perimeter of a place to “cause mayhem” in order to stop it.

Delamar said right now, public places — such as stadiums, shopping centres, government buildings schools and places of worship — are open targets for mass shootings.

In 2014, Corp. Nathan Cirillo was fatally shot by Michael Zehaf-Bibeau during a terrorist attack at Ottawa’s Parliament Hill. Delamar said if the First Responder Technologies system was in place, the posts would have been set up around the National War Memorial.

“When that terrorist ran through those posts, there would have been identification of a human being with a weapon and that would have set off the alarm if it was a person that wasn’t authorized to have a weapon in the area, certainly before he got to the building door,” he said.  “If you think of the lawn on Parliament Hill, that’s a perfect example of the 10-15 seconds.”

When the alarm sounds, it could be used in conjunction with existing lockdown security systems — at schools, for example.

Delamar doesn’t believe the fence posts should replace conventional detection of x-ray machines or millimetre waves, such as body scan machines found in airports — which are used to see metal, plastics, ceramics, chemical material and explosives — but those measures usually come at a big cost.

Delamar said a pair of fence posts is priced below $10,000 and because WiFi is unregulated, there are fewer regulatory barriers to make them widely available to the public.

Yet, the big concern with any tech surveillance system is the issue of privacy.

Delamar said the technology respects privacy by only scanning for metal objects without intercepting any images of people or collecting personal data.

“Absolutely, we’re monitoring it, but not personal information. We’re looking for dangerous objects,” he said. “Wifi is good at detecting metal. It is not as good for higher resolution frequency for imaging.”

Security expert Matt Torigian, the former Ontario deputy minister of community safety, said FRT’s prototype is an interesting concept, but more studies need to be done to make sure it’s used “in a way that’s consistent with the expectations of the public.”

“I think there will be a number of public institutions that will want to look into this further,” he said.

“The worst thing is having it taken away because it you used it improperly. That’s what we’re beginning to see with facial recognition. It’s a fabulous tool, but then why has San Francisco and some European communities startied to ban it?”

Ontario Association of the Chiefs of Police spokesman Joe Couto said they’re careful to endorse any product because of privacy and accountability to the public and how it impacts how their officers do their jobs “because ultimately, they’re held responsible for decisions they make.”

The Information and Privacy Commissioner of Ontario Brian Beamish cautioned government organizations, including police services, should be skeptical of the claims made by companies pushing their technology as the solution to complex problems.

“Extra skepticism should be exercised about claims that these law enforcement panaceas will have no impact on personal privacy,” he said.

“Police services must also be convinced that technology provides a legitimate solution to a recognizable problem.  I note that the companies in your email appear to rely on American marketing materials regarding the need to combat concealed weapons.  The unique context of concealed weapons in the United States does not necessary translate to the Canadian experience.”

It’s too early to tell if sports complexes would be open to installing this kind of tech.

Charzie Abendanio, spokesman for Maple Leaf Sports and Entertainment, the owner of Scotiabank Arena, said it would not be “appropriate to comment on a security policy question with little information or analysis at this stage.”

As for the argument that society needs less surveillance and better gun control, Delamar said it’s not an either/or as a solution.

“The Bataclan in Paris, for example. Those were mass murderers who acquired firearms and had nothing to do with the gun control debate,” he said. “It was about someone got a gun and was intent on causing harm. We don’t want to get into the politics of gun control.”

First Responder Technologies is still seeking investors after raising $4.8 million for its initial public offering. It began trading on the Canadian Securities Exchange last month.

“This is a new security paradigm,” Delamar said.

“We want to live in a world where we’re not living in a full-time, always on surveillance state. We think this is the happy medium…having security in a democracy.”

For Full release: https://torontosun.com/news/national/new-technology-may-prevent-mass-shootings-using-wifi

Jan. 27, 2020 - Increasing Situational Awareness and Public Safety with Smart Technology

Mass shootings in the United States have risen sharply in the last five years, creating the need for security systems that can maintain public safety. 

In 2019, there were 417 mass shootings — defined as an incident in which four or more people, excluding the shooter, were shot but not necessarily killed. It appears as if 2020 will, unfortunately, be on the same track.

“Of the 97 mass shootings, 81 percent of the mass shooters used a semi-automatic rifle or pistol,” said sociologist and epidemiologist Lori Post, the director of the Buehler Center for Health Policy and Economics at Northwestern. “When a semi-automatic rifle or pistol is used, the death count gets higher.”

The rise in mass shootings and terrorist attacks in the US and abroad has created a global security market that is expected to reach US$532 billion by 2022 due in large part to the increased demand for advanced threat-detection technologies, according to a report by Research and Markets.

It may not be possible to completely eliminate mass shootings like those perpetrated in Dayton, Ohio, and El Paso, Texas, in 2019, but mitigating the risks posed to the public and law enforcement is possible with the right detection tools and information. Innovations in smart technology are improving the ability of security personnel and law enforcement to maintain total situational awareness when securing large public events.

Public safety and situational awareness

Total situational awareness is a centuries-old concept based in military theory. In The Ace Factor,  author Mike Spick pegs situational awareness as the critical skill possessed by ace pilots in the US Air Force. Those fighter pilots with a high level of situational awareness are able to make on-the-spot decisions when reacting to a fast-changing environment. Situational awareness involves three main components: perception of the elements in the environment, comprehension of the situation and projection of future status.

“For law enforcement and security personnel, situational awareness is a concept closely involved with being aware of what is happening around you in a location where there are people that you have a duty to protect. The keys to maintaining that awareness come from a well-secured perimeter and an effective surveillance system,” Kal Malhi, a retired member of the Royal Canadian Mounted Police and the founder and chairman of First Responder Technologies (CSE:WPN), told Investing News Network.

Effective surveillance of large public events can give law enforcement and security personnel the information they need to make on-the-spot decisions to identify and respond to threats, minimizing loss of human life when tragedy strikes. “What we found in our research is that a 10 to 15 second heads up can mean the difference between life or death, particularly in these active shooter situations,” said Malhi. “Modern advancements in smart technologies that allow for the surveillance of a larger perimeter have the potential to provide first responders with that 10 to 15 second heads up.”

Smart technologies emerging to improve public safety

To maintain situational awareness and a well-secured perimeter, today’s law enforcement and security personnel are using smart technologies that allow for the rapid collection of actionable intelligence. “Technology is changing core aspects of how we interact as a society, and as society changes, so too will the tools, techniques, and concepts the men and women of law enforcement use to keep us safe,” wrote Deloitte Consulting in a recent report on The Future of Policing. For the authors, the next century of policing is expected to center on harnessing digital technologies to improve the safety of both officers and the public.

Digital communications systems, augmented reality devices and increasingly small electronic surveillance units are making it possible for officers and security personnel to gain the valuable information required for rapid response. Some of these digital technologies include thermal imaging, radar, augmented reality glasses, smart fences, video analytics and remotely operated aerial drones. Emerging smart technologies such as WiFi-based concealed weapons detection technology also offer further situational awareness solutions for the future of public security.

First Responder Technologies is developing a patent-pending Wi-Fi-based concealed weapons technology solution designed to be deployed in and around the perimeter of soft targets (places of worship, stadiums, universities, theaters, etc.). This solution could be used as a standalone solution or tie into existing security, such as video cameras and gun recognition systems providing a layered defense system. Licensed from Rutgers University, the technology uses channel state information in Wi-Fi signals to detect concealed weapons, allowing first responders to covertly scan and assess subjects as they approach on foot. The technology is considered cheaper to build, safer to use and has fewer regulatory hurdles than contemporary millimeter-wave and cognitive microwave radar systems.

The ability for law enforcement and security personnel to be alerted of a potential threat before approaching a venue will allow them to take actions such as locking the doors and informing emergency services. This technology could be combined with traditional doorway security such as metal detectors and X-ray machines to form a layered increase in the security.

“The complicating factor in making public events like the Boston Marathon safe is their sheer size. Scanning equipment, checkpoints and other technology already familiar from airport screening would not have done much to prevent this marathon attack; instead they merely displace the threat to where the queue for that security screening masses people,” reported Scientific American. “As a RAND Corp. analysis of security at Los Angeles International Airport showed, reducing the time spent in ticket lines and security processing was the single most important variable in reducing the potential number of casualties and injuries from this type of terrorist attack.”

Takeaway

The rise in mass shootings and terrorist attacks needs to be met with swift, effective solutions if law enforcement and security personnel are to mitigate the safety risks posed to themselves and the public. Advancements in smart technology that allow first responders to secure larger perimeters and covertly detect threats are presenting opportunities for law enforcement officers to play a direct role in preventing future attacks.

For Full release: https://investingnews.com/innspired/situational-awareness-improving-public-safety-with-smart-technology/?mqsc=E4107594

  • Sponsored Content Release

    FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

    Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For first responder technologies inc., financial and corporate news dissemination, FinancialBuzz.com has been compensated twenty five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.