Market Newsdesk

TORONTO, May 04, 2021 (GLOBE NEWSWIRE) — Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”) today announced that President and Chief Operating Officer Dietmar Wennemer is leaving the Company to accept a chief executive role with another organization.

“On behalf of the board and the management team, I would like to thank Dietmar for his many contributions to the Company including accelerating our research and development program so it is well positioned to deliver on our product roadmap, as evidenced by recent customer wins,” Patriot One CEO Peter Evans said. “We wish him well as he moves to a new challenge leading a company.”

Wennemer will remain with Patriot One for the balance of May to ensure a smooth transition. The Company plans to announce any additional management changes at the appropriate time.

About Patriot One Technologies


Patriot One Technologies
makes unobtrusive, artificial intelligence (AI)-driven weapons and threat detection systems that enable arenas, schools, theaters and other businesses to provide unprecedented safety while also improving the customer experience. The Company’s Multi-Sensor Gateway enables companies to invisibly screen for weapons at points of entry without disrupting the flow of traffic, and its AI-based video-recognition software (VRS) enables venue and building operators to identify weapons and other threats inside and outside of facilities, while also providing valuable intelligence for optimizing operations.

For further information, please contact:

Patriot One Technologies Inquiries

[email protected]


www.patriot1tech.com

Media Contact

Caroline Metell
[email protected]

CAUTIONARY DISCLAIMER STATEMENT:

No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

Westport, CT, May 04, 2021 (GLOBE NEWSWIRE) —

• The Company sees increased technology usage across its installed base and anticipates enrolling to at least 1500 cases by the end of 2021
•  44 physicians have conducted over 800 arrhythmia patient cases to date
•  Currently conducting patient cases in 9 medical centers across the country including Texas Cardiac Arrhythmia Institute at St. David’s Medical Center in Austin, TX, Mayo Clinic Florida Campus and the University of Pennsylvania

BioSig Technologies, Inc. (NASDAQ: BSGM) (“BioSig” or the “Company”), a medical technology company commercializing an innovative biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, today announced that it increased the patient case goal from 1000 to at least 1500 procedures by the end of 2021.

BioSig’s non-invasive computerized technology, the PURE EP™ System, aims to drive procedural efficiency and efficacy in electrophysiology. The system provides essential diagnostic signals with high clinical value in all cardiac ablations that treat irregular heartbeats or arrhythmias.

Previously the Company announced its target to complete 1000 patient cases in 2021, having delivered 425 procedures by the end of 2020. The Company is currently conducting patient cases in nine medical centers across the country. Texas Cardiac Arrhythmia Institute at St. David’s Medical Center in Austin, TX, the Company’s first commercial customer, continues to be the biggest user of the technology with over 300 patient cases conducted to date. Mayo Clinic Florida Campus and the University of Pennsylvania are the second and third largest patient case drivers with 130 and 112 cases¹. Over 800 procedures have been conducted with the PURE EP™ System in the last 18 months,

“Patient case volume is one of the leading indications of physician utilization of our technology. We see steady procedural growth in almost all of our centers, which we believe will turn into commercial revenues. This case growth, combined with the consistently positive customer feedback, positions us well to deliver on our target of 20 installation sites by the end of 2021,” commented Kenneth L. Londoner, Chairman and CEO of BioSig Technologies, Inc.

One in 18 Americans suffers from cardiac arrhythmia. Atrial fibrillation is the most common arrhythmia type, affecting over 33 million people worldwide, including over 6 million in the U.S. The number of people suffering from atrial fibrillation is expected to reach 8-12 million by 2050².  According to the Centers for Disease Control and Prevention (CDC), atrial fibrillation causes more than 750,000 hospitalizations in the U.S. each year, resulting in approximately $6 billion in healthcare spending annually³.

About BioSig Technologies
BioSig Technologies is a medical technology company commercializing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals (www.biosig.com).

The Company’s first product, the PURE EP ™ System is a computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording and storing of electrocardiographic and intracardiac signals for patients undergoing electrophysiology (EP) procedures in an EP laboratory.

Forward-looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward- looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the geographic, social and economic impact of COVID-19 on our ability to conduct our business and raise capital in the future when needed, (ii) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (iii) difficulties in obtaining financing on commercially reasonable terms; (iv) changes in the size and nature of our competition; (v) loss of one or more key executives or scientists; and (vi) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. 

¹Data as of April 30, 2021.
²Top 10 Things You should Know About Heart Rhythm; Scripps Health.
³Managing Atrial Fibrillation; Lisa Eramom MA, Medical Economics Journal, February 25, 2019, Volume 96, Issue 4

Strategy Encompasses New Markets, New
Products and Services
,
and New
Trade
Name

Boulder, Colorado, May 04, 2021 (GLOBE NEWSWIRE) — Surna Inc. (OTCQB: SRNA), a leader in controlled environment agriculture (CEA) systems engineering and technologies, is excited to announce the Company’s updated organic growth strategy. This revised strategy expands the Company’s products and services within the indoor cannabis cultivation market and also brings these offerings to the rapidly growing indoor food production environments.

Tony McDonald, the Company’s Chairman and CEO commented, “Today we are announcing substantial changes to our organic growth strategy which can be summarized as New Markets, New Products and Services, and New Trade Name. New Markets is who we seek to serve, including the broader CEA market. New Products and Services is what we will bring to our customers, which will now include most of the technical infrastructure and services required in an indoor cultivation facility. And our new trade name brands us more accurately and makes us easier to find. We are confident these initiatives will allow us to better serve our customers, accelerate the growth we have experienced in the recent past, and position us to continue our organic growth. We look forward to serving more customers in the future, as well as to achieving profitable growth of the company.”

The major components of the updated strategy include:

New Markets. The Company will continue to serve its cannabis cultivation customers while also bringing its products and services to the broader CEA market, including the rapidly growing vertical farming market. The Company’s existing expertise and equipment offerings can be readily applied in these facilities, and Surna has previously served several such facilities. In the first quarter of 2021 the Company entered into a contract with a non-cannabis CEA facility, and the Company’s reputation and brand recognition is such that developers of these facilities reach out to Surna directly.

New
Product
s
and Services. Surna has historically provided best-in-class environmental control engineering and equipment to its customers. Since 2018 the Company has expanded the range of HVACD products it offers to meet a wider range of customer requirements, and this has been a successful initiative with 100% of our new projects including products developed since that time. Surna will now expand its service and product offerings to encompass many of the key AgTech components required in a cultivation facility, to include the continued expansion of our software-based control technology, SentryIQ^®. We will also continue to add recurring revenue through our preventive maintenance services. Some of these new products and services are provided now, and others will be added in the near future. The Company believes that by expanding its offerings it will improve customer success by providing the most complete engineering of the key infrastructure technologies required for a successful operation. Surna’s position will be as an engineer helping the customer to evaluate technical alternatives and providing products from a curated set of technologies. We believe this positioning will contribute to the Company’s customer acquisition success by bringing us into the customer relationship at the earliest possible moment.

New
Trade
Name. This updated growth strategy is comprehensive enough that the Company has adopted the trade name Surna Cultivation Technologies to reflect its products and services more accurately and to make it easier for new customers to find. The Company’s trading symbol “SRNA” and incorporation name will not change.

“With the comprehensive improvements in the front to back range of products and services Surna will be providing, it is time to update Surna’s brand. It is our intention to ensure our customers can find us more readily when seeking guidance at the very beginning of their project and retain our services after start-up” stated Jamie English, Vice President of Marketing Communications.

About Surna Inc.

Surna Inc. (www.surna.com) designs, engineers and sells cultivation technologies for controlled environment agriculture including: (i) liquid-based process cooling systems and other climate control systems, (ii) air handling equipment and systems, (iii) a full-service engineering package for designing and engineering commercial scale thermodynamic systems, and (iv) automation and control devices, systems and technologies used for environmental, lighting and climate control. Our customers include commercial growers in the U.S. and Canada as well as other international locations, including those growers building new facilities and those expanding or retrofitting existing facilities. Currently, our revenue stream is derived primarily from supplying our products, services, and technologies to commercial indoor and hybrid sealed greenhouse facilities ranging from several thousand to more than 100,000 square feet.

Headquartered in Boulder, Colorado, we leverage our experience in this space to bring value-added climate control solutions to our customers that help improve their overall crop quality and yield, optimize energy and water efficiency, and satisfy the evolving state and local codes, permitting and regulatory requirements.

Forward Looking Statements

This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in “Risk Factors” set forth in our annual and quarterly reports filed with the Securities and Exchange Commission (“SEC”), and subsequent filings with the SEC. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to Surna’s website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

Surna Marketing
Jamie English
Vice President, Marketing Communications
[email protected]
(303) 993-5271

NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Workhorse Group, Inc. (“Workhorse Group” or the “Company”) (NASDAQ: WKHS) from July 7, 2020 through February 23, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Exchange Act of 1934.

If you purchased Workhorse Group securities, and/or would like to discuss your legal rights and options please visit Workhorse Group Shareholder Class Action Lawsuit or contact Joseph R. Seidman, Jr., toll free at (877) 779-1414 or [email protected].

In 2016, the United States Postal Service (“USPS”) launched the USPS Next Generation Delivery Vehicle (“NGDV”) project, which was a competitive multiyear acquisition process to replace approximately 165,000 package delivery vehicles. Workhorse Group was one of the companies aiming to secure the NGDV contract, worth approximately $6.3 billion.

On February 23, 2021, the USPS issued a press release announcing that Oshkosh Defense had won the NGDV contract – not Workhorse Group.

On this news, Workhorse Group’s stock price fell $14.88 per share, or 47% to close at $16.47 on February 23, 2021. The price continued to fall in after-hours trading and opened on February 23, 2021, at $14/07, a drop of over 50% from the previous open.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, and/or failed to disclose that: (1) the Company was merely hoping that USPS was going to select an electric vehicle as its Next Generation Delivery Vehicle, and had no assurance or indication from USPS that this was the case; (2) the Company had concealed the fact that electrifying the USPS’s entire fleet would be impractical and astronomically expensive; and (3) as a result, defendants’ statements about Workhorse Group’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you wish to serve as lead plaintiff, you must move the Court no later than May 7, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Workhorse Group securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/workhorsegroupinc-wkhs-shareholder-class-action-lawsuit-fraud-stock-376/apply/ or contact Joseph R. Seidman, Jr., toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Joseph R. Seidman, Jr.,
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

OTTAWA, May 04, 2021 (GLOBE NEWSWIRE) — Corel today announced that it has acquired the popular ad-blocking extension Ad Remover™. Financial details of the transaction were not disclosed.

“Corel sees many synergies between Ad Remover and our overall utilities business as we leverage the strengths of our extensive digital direct platforms, partnerships and channels to take Ad Remover to new markets and dramatically expand its global presence,” said Christa Quarles, CEO of Corel. “As a fully subscription-based product with strong customer retention, Ad Remover fits well into Corel’s next phase of growth and our commitment to offering users exceptional, high-value subscription experiences. We look forward to advancing Ad Remover’s mission which, like our renowned WinZip products, empowers customers to take control of their privacy and security on their platforms of choice – Windows, Mac and mobile.”

“With a strong history of growth and drive to deliver value to our customers, the Ad Remover team is excited to have found a partner who shares our philosophy and has the resources to take our products to the next level,” said Jon Coudron, CEO of Ad Remover. “As part of Corel, we can now unlock new opportunities for our technology and extend our reach to millions of customers around the world.”

For more information about Ad Remover, please visit www.adremover.org.

Hennepin Partners acted as Ad Remover’s exclusive financial advisor and Fredrikson & Byron served as legal counsel. Kirkland & Ellis LLP served as legal counsel for Corel Inc.

About Corel

Corel products enable more than 90 million connected knowledge workers around the world to do great work faster. Offering some of the industry’s best-known software brands, we give individuals and teams the power to create, collaborate and deliver impressive results. Our success is driven by an unwavering commitment to deliver a broad portfolio of innovative applications to inspire users and help them achieve their goals.

Corel’s creative, productivity and virtualization solutions leverage the latest in technology to empower knowledge workers. Parallels® solutions, including Parallels® Desktop for Chrome OS, enable workers to use and access the applications and files they need across their favorite devices and preferred technology – whether local or remote. Cloud-based collaboration capabilities in MindManager® and CorelDRAW® streamline the sharing of ideas in a world that forces them to work apart. Utilities including WinZip® System Utilities, Parallels® Toolbox, ReviverSoft® and SimpleStar™ make it easier for people to be as productive as possible and get optimal performance from their systems. While WinZip’s encryption, file management and compression solutions deliver secure file sharing across email, a network or the cloud.

To learn more about Corel, please visit www.corel.com.

©2021 Corel Corporation. All rights reserved. Corel, CorelDRAW, MindManager, ReviverSoft, SimpleStar, and WinZip are trademarks or registered trademarks of Corel Corporation in Canada, the U.S. and/or elsewhere. Parallels is a trademark or registered trademark of Parallels International GmbH in Canada, the U.S. and/or elsewhere. Ad Remover is a trademark of Browsetech LLC in Canada, the U.S. and/or elsewhere. Mac is a trademark of Apple Inc. Chrome OS is a trademark of Google LLC. All other company, product and service names, logos, brands and any registered or unregistered trademarks mentioned are used for identification purposes only and remain the exclusive property of their respective owners. Use of any brands, names, logos or any other information, imagery or materials pertaining to a third party does not imply endorsement. We disclaim any proprietary interest in such third-party information, imagery, materials, marks and names of others. For all notices and information about patents, please visit www.corel.com/patent.

Media Contact

Jessica Gould
Corel PR
[email protected]
www.corel.com