Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon.Īll information provided in this press release relating to Airbeam has been provided by management of Airbeam and has not been independently verified by management of the Company.Īs at the date of this press release, the Company has not completed a definitive agreement with Airbeam and readers are cautioned that there can be no assurances that a Definitive Agreement will be executed, or that the Acquisition will be completed. It is likely that trading in the shares of the Company will not resume prior to Closing.įurther details about the proposed Acquisition and related matters will be provided in a comprehensive press release when the parties enter into a definitive agreement and in the disclosure document to be prepared and filed in respect of the Acquisition. Trading in the Company's shares will remain halted pending the review of the proposed Acquisition by the Exchange and satisfaction of the conditions of the Exchange for resumption of trading. Trading in the Company's shares has been halted in compliance with the policies of the Canadian Securities Exchange (the " Exchange"). Additional details regarding the LOI and the Acquisition are provided in the Company's press release dated November 30, 2020, which is available on the Company's SEDAR profile at There can be no assurance that the Acquisition will be completed as proposed, or at all.Īirbeam is a private company existing under the laws of British Columbia and is based in Richmond, British Columbia.Īirbeam is a developer of 5G-enabled Smart City technologies, which sells a proprietary 60 GHz millimeter wave chipset, hardware and software, which cost in excess of $110 million USD to develop by a leading semiconductor company from which it was acquired. The Company and Airbeam are continuing to work towards completion of a definitive agreement and have agreed to extend the deadline of the LOI to March 15, 2021.
The LOI sets out the basic terms and conditions for the acquisition (the " Acquisition") by the Company of all of the issued and outstanding common shares in the capital of Airbeam in exchange for common shares in the capital of the Company. ("First Responder" or the "Company") (CSE: WPN) (OTCQB: WPNNF) (FWB: 3WK), a leading developer of public safety and security technologies, announces the extension of its letter of intent dated Novem(the " LOI") with Airbeam Wireless Technologies Inc. 16, 2021 /CNW/ - First Responder Technologies Inc. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/