Technologies That Protect Innocent By-Standers and First Responders
This First Responder Technologies Inc. profile is part of a paid investor education campaign.*
First Responder Technologies Inc. was founded in 2017 by its Chairman, Kal Malhi, a former RCMP officer, as a platform to commercialize new technologies to assist law enforcement and other first responders in the performance of their duties and to help ensure their safety and the safety of the general public.
In 2018, the company secured a license from the National Institutes of Health in the US to develop a new non-lethal solution for use of force, and in early 2019 the company secured an exclusive, global license from Rutgers University to develop a Wi-Fi-based perimeter security solution to provide first responders with better situational awareness and detection capability to respond to mass shooting and terrorist events.
In 2019, the company hired an execution-oriented team of technology executives with more than 40 years of experience developing early-stage technology companies, in Silicon Valley and around the world, to be based in Vancouver, BC and Silicon Valley, with the objective of bringing the Rutgers technology to market in 2020.
The company is currently completing the development of its first Wi-Fi-based perimeter security demonstration unit, with the key corporate objective of having multiple demonstration units deployed by the summer of 2020.
First Responder Company Highlights
- First Responder’s technology has numerous applications across a variety of industries, such as law enforcement, military and public security.
- First Responder’s Wi-Fi-based concealed weapons technology is anticipated to be more accurate, safer and less costly to deploy than existing technologies.
- Wi-Fi-based concealed weapons technology is anticipated to replace or rival existing threat-detection technologies by 2025.
- BullRun Capital is a strategic shareholder in the company.
The Global Security Market
First responders are always the first people to arrive at the scene of an incident to assist those who have been harmed and to stop any additional carnage from happening. However, this is not an easy thing to do in most situations. 2,143 officers were involved in incidents where suspects were shot or killed in the US in 2018.
According to the Mass Shooting Tracker, there have been 332 mass shootings in the US in 2019 so far, and 2019 is anticipated to surpass the 371 shootings that happened in 2015. The rise in mass shootings in the US and abroad has created a global security market that is anticipated to reach US$532 billion by 2022, according to a report by Research and Markets. Growth of the market is attributed to the need for better threat-detection technologies and non-lethal ways of dealing with terrorists and mass shooters as their threats increase in sophistication and frequency.
First Responder’s Products
First Responder is developing a patent-pending concealed weapons perimeter security solution from an exclusive, global license from Rutgers University where First Responder’s technology was first developed.First Responder anticipates its Wi-Fi-based concealed weapons detection technology may be deployed to market faster than competing millimetre-wave and microwave radar systems. The technology should have a less complex regulatory path to market, as Wi-Fi operates in unlicensed frequency, and is generally perceived by the public to be safe.
The company is currently in discussion with an AI Lab at a leading Canadian university to enhance the initial system with artificial intelligence capabilities.
First Responder’s Management Team
Kal Malhi — Chairman and President
Kal Malhi is a Canadian entrepreneur and businessman. He is a retired member of the Royal Canadian Mounted Police where he completed his duties in the drug enforcement and organized crime divisions. He is the Founder and Chairman of Bullrun and deeply involved in the capital markets. Bullrun’s motto is “do good, to do well” and is involved in the advancement of technologies in the interest of universal benefit. Malhi has been instrumental in raising capital for various projects totaling in excess of $150 million dollars since 2008.
Malhi has specialized in working with academia and advances in technology and funded academic research that has potential for commercialization through private and public companies. His extensive network of contacts and personal relationships has enabled him to assemble a growing team aimed at unearthing the potential of technological advancements in the biomedical, agriculture and technology sectors.
Robert Delamar — CEO and Director
Robert Delamar is a lawyer and high-technology CEO with almost two decades of experience working in the start-up world, both internationally, and in Silicon Valley. Following articles at Blake, Cassels & Graydon in Vancouver, he worked in an executive business development role for an Israeli satellite communications start-up that was sold to Gilat Satellite Networks in 2010. After founding and leading an international digital media company based in Silicon Valley, where he served as CEO between 2011 and 2014, he returned home to Vancouver to co-found and serve as the first CEO for Pacific Future EnergyCorporation, a near-zero net carbon cleantech refinery project.
In 2015, Delamar and associates acquired a controlling stake in BitTorrent Inc., based in San Francisco, where as co-CEO of the company, he led a radical overhaul of the company’s business before divesting his stake in 2016. Since 2016, he has been based in Vancouver where, in addition to legal practice, he has consulted for a number of local high-tech companies.
Naresh Singhal — CTO and Head of Product and Engineering
Naresh Singhal is a product and technology leader with over 30 years of experience in a variety of domains and industry verticals. He completed a B.S. (Honors) in Electronics and Communications Engineering from National Institute of Technology, India, and professional development coursework from Stanford University. He holds one technology patent, with several others pending. He started his career as a scientist with India’s Defense Research & Development Organization, where he led some prestigious defense projects. After DRDO, Singhal moved to the US and worked at different startups. At Entrisphere, he built network management systems for next-generation optical networking products (GPON). Entrisphere was acquired by Ericsson and helped Ericsson get a foothold in the wireline business, selling these products to the major RBOCs AT&T, Verizon and BellSouth, in response to a multi-billion dollar RFP from them.
Subsequently, Singhal led engineering at streaming media startup Sezmi, which went through several acquisitions and mergers before becoming UUX. As VP of Engineering at UUX, he helped create the world’s first truly converged internet TV as-a-service (iTaaS) platform, that combined linear (live) TV and over-the-top (OTT) TV in an intuitive multi-device user experience. Most recently, Singhal was Chief Technology Officer at Trunomi, a fintech startup building technology for privacy and data rights management, in response to regulations like GDPR, amid increasing concerns about how corporations misuse personally identifiable information (Pii).
Michael Malana — CFO
Michael Malana holds both CPA and CMA designations and has extensive experience in administration, accounting and reporting for several public companies. He currently also serves as the CFO of Patriot One Technologies Inc. (TSXV:PAT), where he was instrumental in completing a recent reverse takeover. As CFO and Corporate Secretary of Apivio Systems Inc. (TSXV:APV), he was responsible for Apivio’s transition from a private to a public company. As CFO of Sunward Resources Ltd. (TSX:SWD), he was involved in its transition from the TSXV to the TSX. Prior to that, Malana was the Corporate Controller of Jinshan Gold Mines (now listed on the TSX as China National Gold) when it transitioned from exploration to development to production. He was also involved in Jinshan’s early adoption of IFRS and their secondary listing on the Hong Kong Stock Exchange.
Dr. Mark Williams — Chief Scientist
Dr. Williams holds both Ph.D. and MBA designations and has a successful track record of commercializing early-stage biomedical innovations over the course of a multi-decade career. Career highlights include, repositioning three different drugs from preclinical studies directly into Phase II trials, inventing DM199 (Recombinant Protein), which is in Phase II trials for stroke and kidney disease, securing analyst coverage for Diamedica (DMA.V), and assisting with raising the valuation of Diamedica to a market cap in excess of C$125 million.
Christopher Moreau — Director
Christopher Moreau is a seasoned executive with over 30 years of experience in progressively senior leadership positions. For nine years, he served as President, CEO and a Board member of a TSXV-listed company and is currently the CEO of a CSE-listed company and an advisor to Bullrun Capital.
Mr. Moreau has been recognized for his bold and imaginative leadership, strong entrepreneurial spirit and innovative mindset, he is also accomplished at developing, communicating and executing a clear integrated corporate vision and successfully managing multiple stakeholder relationships.
This profile is sponsored by First Responder Technologies Inc. This profile provides information which was sourced by the Investing News Network (INN) and approved by First Responder Technologies Inc., in order to help investors learn more about the company. First Responder Technologies Inc. is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with First Responder Technologies Inc. and seek advice from a qualified investment advisor.