OTCQB:PLRTF CSE:PRT INVESTOR PRESENTATION Q4 2019 - Plymouth ...
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OTCQB:PLRTF CSE:PRT
1
INVESTOR PRESENTATION Q4 2019
Forward Looking Statements
Certain information set forth in this presentation may contain forward-looking statements A number of known and unknown risks, uncertainties and other factors may cause the
that involve substantial known and unknown risks and uncertainties. All statements other actual results or performance to materially differ from any future results or performance
than statements of historical fact are forward-looking statements, including, without expressed or implied by the forward-looking information. These forward looking
limitation, statements regarding future financial position, business strategy, use of statements are subject to numerous risks and uncertainties, certain of which are beyond
proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and the control of the Company including, but not limited to, the impact of general
strategic alliances and co-operations, budgets, cost and plans and objectives of or economic conditions, industry conditions and dependence upon regulatory approvals.
involving the Company. Such forward-looking information reflects management's current Readers are cautioned that the assumptions used in the preparation of such information,
beliefs and is based on information currently available to management. Often, but not although considered reasonable at the time of preparation, may prove to be imprecise
always, forward-looking statements can be identified by the use of words such as "plans", and, as such, undue reliance should not be placed on forward-looking statements. The
"expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", Company does not assume any obligation to update or revise its forward-looking
"targets", "aims", "anticipates" or "believes" or variations (including negative variations) of statements, whether as a result of new information, future events, or otherwise, except as
such words and phrases or may be identified by statements to the effect that certain required by securities laws.
actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.
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Overview
■ Plymouth Rock Technologies (PRT) was formed by highly experienced scientists, engineers and business executives to
develop and commercialize combined sensory and intelligence products.
■ The company will achieve this through in-house intellectual property and strategic acquisition to meet growing challenges.
■ We believe our diversity within market segments offers both our customers and shareholders a diversified opportunity in
Security, Defence, Intelligence and fast growing vertical markets.
■
3
18,800
deaths due to mass shootings, suicide
bombs and other attacks last year
2,608 terrorist attacks in the US since the
1970s
21 mass shootings in 2019 in the US
4
New Threat Detection
Focus
● Security technology and methods have not evolved quickly
enough to keep pace with emerging threats.
● Reactive rather than proactive security screening techniques
have become the rule.
● Dense crowds of unprotected people waiting in queue leaving
them even more vulnerable to terrorist attacks.
● PRT will apply proven techniques to expand the security
perimeter to Stand-off distances to points of entry and beyond.
● Our systems will streamline the screening process while
increasing probability of detection to proactively counter evolving
threats.
5
$8.4B 2015 – 2022 revenues in standoff and
concealed weapons detection
47% compounded growth rate (CAGR)
At Plymouth Rock, we believe this market size is limited by current technologies,
undervalued, and that the availability of higher performance, easily adopted and more
affordable systems will push this market higher.
(1) Homeland Security Research, Standoff IED, Person-Borne & Vehicle-Borne Explosives & Weapon Detection: Technologies & Global Market –
2015-2020, Q2 2015
6
Leadership
DANA WHEELER CARL CAGLIARINI DAVID RUSSELL PROF STUART HARMER
President & CEO Chief Strategy Officer SVP Engineering Operations Chief Scientific Officer
Recognized Industry Veteran with over 35 years’ A highly successful and experienced start–up 35+ years Innovation and engineering program 20+ years - Head of the new Engineering &
experience in RF, Microwave and Millimeter-wave entrepreneur with extensive international management and engineering execution Design department at the University of
technologies. Proven track record of successful start- experience of customer focused technology including bringing a diverse team together and
Chichester in the UK. Stuart holds a BSc. in
ups, mergers and acquisitions. Past positions with M/A- innovation and International business coordinating all inter-dependencies between the
functional disciplines (e.g. mechanical, electrical, Physics & Astrophysics, a DPhil. and is a
Com, Millitech, Lockheed Martin, Harmonix Corp (HXI), development. Carl has held high level Sales and
controls, software) needed to convert the Fellow of the Institute of Physics. Stuart has
Terabeam, Proxim and founder of Radio Physics Inc. Business Development positions with Radio
Mr. Wheeler is a graduate of the University of Physics, Infinet Wireless (YNDX), FSONA product vision into executed products. an applied research background in millimeter
Massachusetts, Dartmouth. Dana is a very well known Corporation and led the M&A of the Astro Terra and microwave technologies and their
within the USA innovation defense fraternity and has merger MRV (MRVC). This included application to remote sensing and security
extensive experience taking products through the military management and oversight of the NASA STRV 2 screening.
specification cycle. Program. Carl serves as a pro-bona Chairman of
a UK educational recognized for special
educational needs by the UK Government in the
2017. His commentaries have been aired on
BBC , CNN and Sky TV
ANGELOS KOSTOPOULOS TIM CROWHURST VIVIAN A. KATSURIS ZARA KANJI
Independent Director Independent Director Corporate Secretary and Director Chief Financial Officer,
Board Member
35+ years experience and Partner with the Nakou & 28+ years experience and long history in corporate 27+ years financial experience in the brokerage
Associates law firm based in Athens, Greece and affairs, as well as a strong understanding of border industry, the North American capital markets & 25+ years Chartered Professional
with offices in Washington, DC. He holds a BA security measures and international immigration public financings and has held director and Accountants and principal of Zara Kanji &
degree from Arizona State University, a MA degree movements. Prior to commencing a successful senior officer positions with various public Associates, CPA, an accounting, tax and
from Indiana University, and a M.Sc. degree from issue and crisis management consultancy in 1993, companies over the last 5 years. management consulting firm she founded in
the Hellenic Army Supreme War College, and is a he was an advisor to several Canadian Cabinet 2003. She holds a Bachelors of Technology in
candidate for a Masters of Law (LL.M.) degree at Ministers. Accounting (honors) and a Diploma in
Cumbria University, United Kingdom. Corporate Finance (Honors) from the British
Columbia Institute of Technology.
7
ADVISORY BOARD
DOUGLAS SMITH PROF STUART HARMER JASON ELWOOD
23+ years - Former Assistant 20+ years - Head of the new 37+ years recently retired from Raytheon
Secretary for the U.S. Department of Engineering & Design department at the Company (NYSE:RTN) focusing on the
Homeland Security. And over two University of Chichester in the UK. defense industry. Most recently Vice
decades of international experience in Stuart holds a BSc. in Physics & President of Operations for Raytheon
business development, Astrophysics, a DPhil. and is a Fellow of Integrated Defense business as the
communications, coalition building, the Institute of Physics. Stuart has an Operations leader Jason was responsible
public policy, and creating and applied research background in for locations around the globe. Jason holds
managing public-private partnerships millimeter and microwave technologies an MBA in operations management from
among Federal, and their application to remote sensing University of Massachusetts
and security screening.
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Plymouth Rock Security Solutions for
the Global Market
MiRIAD – A Drone mounted Shoe-Scanner – A safe and Wi-Ti - A breakthrough radar
imaging radar that can detect effective RF technology that technology using artificial
concealed threats on the person addresses one of the most intelligence and advance
and structural weaknesses in significant gaps in the aviation processing to detect threat items
valuable infrastructure assets. and prison security screening concealed on people over a wide
process. coverage area.
9MiRIAD - Millimeter Radar Imaging
from Airborne Drone
● The MiRIAD device is a compact and lightweight sensor payload
designed for attachment to most commercial or military drones
● The MiRIAD scans subjects from above using novel image
processing and artificial intelligence to identify and relay threat
information to a ground-based operator or control center
● MiRIAD sensors can be used for a range of other applications;
Aircraft defect inspection, fractures or weak spots in power
transmission cables, industrial pipelines or invisible corrosion on
structural assemblies ie; bridges, wind turbines…
● The MiRIAD sensor can also be used to image through heavy snow,
smoke, fog and dust to enhance situational awareness and
navigational safety in visually degraded environments
10PRT X1 Drone
● Designed by PRT and built in the USA*
● All parts NATO Coalition country sourced
● Unmanned Aerial System (UAS) for Law Enforcement, Rescue, Surveillance,
Light Military Applications
● Latest Intelligence Surveillance and Reconnaissance sensors (ISR)
● Custom SmartAP Software, bringing Artificial Intelligence, Sensors and Drone
flight safety together
https://www.youtube.com/watch?v=TzYoQ8sn1F4
11PRT X1 Markets
● Law Enforcement
● 3-Letter Intelligence Agencies
● Border Patrol and Services
● Military
● Rescue Services – Fire, Coastguard, Mountain
● Commercial – Private Security, Events, NDT
● US Defence Labs – Sandia/Los Alamos
12PRT X1- MiRIAD
Expanding Markets
Shipping safety and Oil and Gas Industry – Wind farms Infrastructure – bridges,
integrity Pipelines dams, buildings
13PRT X1 Drone
Critical Milestones Achieved
Q2 2019 Q3 2019 Q3 2019
Simulated payload SAR Drone (2) Prototype Active MiRIAD test Experimental
flight test and specified and radiometers & plan created Frequencies
promotional video ordered June 2019 antennae specified identified under FCC
created to be delivered June 2019 delivered “New Horizons”
November 2019 October 2019 licensing scheme
Q3 2019 Q4 2019
14PRT X1 Drone
Upcoming Milestones
Q4 2019 Q1 2020 Q3 2020
Test and Install prototype Obtain experimental Display SAR Drone Identify potential
characterize radiometers onto X1 licenses for New with various sensor partner with
prototype SAR drone once Horizons radio location payloads at ISC portable Chemical
radiometers received frequencies of East Trace sensor
136-141GHz and
products that can
241-248GHz
be installed on the
PRT X1 platform
Q4 2019 Q2 2020
15Shoe-Scanner – Footwear Imaging
Radar
● Floor mounted imager that uses harmless radar technology to examine footwear
while still on the person.
● Provides an image that will identify any tampering with the shoe structure, any
concealed items in the shoe or foot cavity area.
● Rapid pre-screening of footwear without removal reduces screening bottlenecks
and concentrations of people waiting in queue.
● This rapid screening technique delivers an entirely new capability that has been
demanded by TSA, FAA, CAA, Department of Homeland Security, Customs and
Border Patrol, US Federal Corrections and UK Home Office.
● Easily incorporated into current screening processes for rapid adoption and near-
term efficiency improvements.
16Shoe-Scanner - Images
● Shoe images showing concealed threat items (top) versus regular
shoe (bottom)
● Captured using prototype shoe scanner at internationally allocated
radio location frequency band of 15.4-17.2 GHz
● PRT has a strategic alliance with Manchester Metropolitan
University to develop and advance its leading shoe scanning
technology
17Market Opportunities
GLOBAL AIRPORT AUTOMATED
● KEY TREND: Evolution of technologies to improve SECURITY SCREENING MARKET
security at airports and other public venues
● MARKET DRIVER: Advanced screening systems that
enhance security and optimize operations at airport
premises
●
●
MARKET DRIVER: Growing emphasis on reducing
SEA
passenger wait time due to increasing passenger traffic
FORECAST: The market is projected to reach $16
Billion by 2024
GLOBAL AIRPORT SECURITY
MARKET
18Shoe Scanner
Critical Milestones Achieved
Feb - Sep 2019 Sept 2019
Final Configuration
MMU IP, Hardware Prototype System Tests conducted at Bill of Material US Patent Filed for
and Patent Secured returned to working approved radar created for low cost next generation
condition frequencies LRIP demonstrator Ellipsoidal Imaging
variant
Feb - Sep 2019 September 2019 September 2019
19Shoe Scanner
Upcoming Milestones
November 2019 Q1-Q2 2020 Q4 2020
Select a scanner Investigate X/Y table Begin LRIP (Low Rate
platform material to replace gantry Schedule
demonstrations Initial Production) of
that has higher Manufacture and dual scanner scanner product based
performance from multiple scanner head to reduce scan with strategic
clients on feedback from
both a mechanical platforms for further time. demonstrations in Q3
and electrical development in both
standpoint the UK and North
America
Q1 2020 Q3 2020
20Wi-Ti – Wireless Threat Identification
● Wi-Ti is a cutting-edge technology that analyzes the characteristics of Wi-Fi signals
reflected off walls and people.
● Wi-Ti is a wall or portal mounted sensor system that will detect concealed threat items
over an extended coverage area.
● Wi-Ti is ideal for screening unstructured crowds, covertly to widen the security
perimeter in public places.
● These signals are altered in a predictable way when they come into contact with
concealed threat items.
● By comparing received radar returns to known threat signatures, the Wi-Ti system will
detect and differentiate threat and non-threat items over a wide Wi-Fi enabled coverage
area.
● Wi-Ti is a passive technology that is not subject to regulatory approval nor will it
interfere with Wi-Fi network operation.
21Wi-Ti: Wireless Threat Identification
Upcoming Milestones
November 2019 Q2 2020 Q3 2020
Review current File US and EU Patent
Perform scattering
invention report and applications for Wi-Ti
measurements in
identify weaknesses Create test plan for Develop “proof of technology
the Wi-Fi frequency
in claims WiTi system concept” Wi-Ti system
bands of various
verification to architectures with Wi-Fi
human body types
support new specialist Abicom
invention report International
Q1 2020 Ongoing
22October 23, 2019
Strategic Acquisition – Aerowave
● Aerowave brand and asset acquisition brings significant strategic advantages and cost savings on components
for Plymouth Rock's multiple new products and platforms.
● The 50-year heritage and reputation of Aerowave is well known throughout the North American, global scientific
and aerospace industries and allows us to access their current and past extensive customer base.
● Aerowave customers include, but are not limited to:
23$
Become the leader in Develop and Demonstrate advanced Increase shareholder
advanced threat commercialize advanced technologies to detect value through the
detection systems and screening capabilities and identify threats at continued creation of
“stand-off” detection by with easy to operate extended ranges in exclusive IP and growing
developing new RF security products that advance of arrival at market recognition.
technologies and save lives and prevent security checkpoints.
methods. terrorist threats.
24 24Cap Structure
Shares Outstanding - Basic 32,671,600
Warrants 1,107,775
Options 2,500,000
Fully Diluted 36,279,375
Share Price US$0.39
Market Capitalization $12.7M
OTCQB PLRTF
CSE PRT
FRANKFURT 4XA WKN# A2N8RH
25Investment Highlights
● EXPERIENCE: Technical team has over 100 years of combined industry experience
and knowledge.
● MASSIVE GROWTH: Threat detection systems market is expected to reach $84
billion by 2022.
● TRIPLE THREAT: Multiple commercial products expected to hit the market in 2020.
● PROPRIETARY: Cutting edge patented (or patent pending) intellectual property.
● PARTNERSHIPS: White-labeling opportunities on Shoe Scanner and MiRIAD
Drone technology.
26Thank You Plymouth Rock Technologies 202 South Meadow Road Unit 5 Plymouth, MA 02360 USA +1 774 404 7685 www.plyrotech.com
Appendix
PRT-Aerowave
Partner Renewals
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