Over the past decade, governments, privacy commissioners and industry have been working together to develop a roadmap to realize the potential of 5G for the development of Smart Cities in North America, and around the world. Upon successful completion of the Acquisition, it is anticipated that the resulting entity (the " Resulting Issuer") will continue the combined businesses of Airbeam and First Responder under a name to be determined by the parties.Ĭreating a Canadian National Leader in Emerging 5G-Edge Enabled Smart City Technologies The Acquisition is an arm's length transaction. The Acquisition is expected to be structured as a reverse takeover and will constitute a "fundamental change" for the Company pursuant to the rules and policies of the Canadian Securities Exchange (the " Exchange"). (" Airbeam") in exchange for common shares in the capital of the Company (the " First Responder Shares"). ("First Responder" or the "Company") (CSE: WPN) (OTCQB: WPNNF) (FWB: 3WK), a leading developer of public safety and security technologies, is pleased to announce that it has entered into a letter of intent dated Novem(the " LOI"), which 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 Wireless Technologies Inc. 30, 2020 /CNW/ - First Responder Technologies Inc. Proposed Entity to Build Innovative Technology Stack for Smart Cities Homegrown Canadian Disruptor Enters 5G-Edge Technology Race news wire services or dissemination in the United States/
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