Soter Technologies, based in
Soter was initially founded as Digital Fly in 2015, and later changed its name to Soter Technologies, inspired by Greek mythology wherein Soter is the personification of safety, deliverance and preservation from harm. Using advanced sensor, IoT and software technology, Soter Technologies develops and delivers leading-edge innovative solutions in two distinct and unique product lines: SymptomSense and FlySense. Taking a holistic approach to health and safety, Soter provides technology tools to enhance safety and health, reduce health risk and deter harmful activities without invading an individual's privacy or civil liberties.
SymptomSense Product Line: Screening for Contagions and
SymptomSense products are designed to detect illness and protect individuals within facilities from those who may have or be carriers of contagions, viruses or other communicable illnesses. This leading-edge technology is ideal for making schools, event and sport venues, offices, house of worship and government facilities safer. It helps them remain open during times of heightened danger. SymptomSense multi-factor screening solutions scan full body vital signs including heart rate, blood oxygen level, respiration rate and body temperature. The SymptomSense Gateway and Kiosk solutions also provide a leading-edge visitor management and health screening solution for properties and venues.
'Pandemic hot-spots in
SymptomSense Gateway made national and international news when it was released and featured on
FlySense Product Line: Screening for Vaping & Bullying
The FlySense product line offers an environmental intelligence solution aimed at making the world a safer and healthier place. The patented FlySense Vaping and Elevated Sound Detector is the first in the world to introduce a vape and bullying detection and alert system for schools and places where vaping and smoking is banned.
'We have over 12,000 FlySense units in schools and buildings across the
All Soter Technologies FlySense and SymptomSense solutions qualify for funding through the Cares Act, CRRSA Act and the American Rescue Plan Educational Stabilization Funding (ESF) through the K-12 Elementary and Secondary School Emergency Relief (ESSER) program. Soter has experts on staff to work with school districts to learn how to secure up to
Contact:
Tel: 778-938-3367
Email: zayn@altuscapital.ca
The Company previously announced that it had entered into a business combination agreement with Soter and the securityholders of Soter whereby the Company has agreed to acquire all of the issued and outstanding securities of Soter and the business of Soter by way of a securities exchange transaction (the 'Transaction').
None of the securities issued in connection with the Transaction will be registered under the United States Securities Act of 1933, as amended (the '1933 Act'), and none of them may be offered or sold in
Completion of the Transaction is subject to a number of conditions, including but not limited to, obtaining the requisite shareholder and regulatory approvals, the acceptance by a
Investors are cautioned that, except as disclosed in any management information circular or disclosure document to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
Forward-Looking Statements
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: the Transaction and the completion thereof; that the SymptomSense technology will allow schools, businesses and event venues to reopen and this will support the international economic recovery; that as the world recovers from the COVID-19 pandemic, Soter expects to see a major spike in the harmful behaviors during the return to school environments and the COVID-19 pandemic, including the potential solutions to the risks associated with economic and social re-opening trends. The forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements.
Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include, among other things: that the parties may not be able to satisfy the conditions to closing of the Transaction; general market conditions; risks associated with the COVID-19 pandemic and other factors beyond the control of the parties.
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