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News! DTII Production Funding and Shareholder Update

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Poco Parvenu   Tuesday, 01/21/20 08:37:46 AM
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News! DTII Production Funding and Shareholder Update

Quote:
*New funding and consolidation of debts:

The Company received a total of $250,000 in new funding.

Pay-Out and Settlement of an existing note in the amount of $80,620.00
Machinery & Equipment Purchase:

Purchase of 'Fabrication Center Equipment'
Assembly fixtures and jigs
CNC (Computer Numeric Control) [D1]
Production:

With the acquisition of the Fabrication Center Equipment we expand our throughput and capabilities in our fabrication and assembly plant with a state-of-the-art CNC (Computer Numerically Controlled) milling center and an extrusion profiling saw.

This new equipment will shorten lead times, and help to maintain the highest quality standards possible while reducing cost of production.

Upon receipt of the equipment the Company will commence production of up to 50 units of its Passive Portal walk-through weapons detector scanner.

Multiple successful In-House and Field tests prove the Passive Portal's superior quality!

We expect to be installing the first units in public venues in the very near future

Marketing:

Traditional metal detectors are 'active-sensing', that emit potentially harmful radiation that may cause damage to our bodies with prolonged or frequent exposure. Unlike airports, students will pass through them several times every day 180 - 400+ exposures per school year.

The Privateer Marketing Force has a team of six experienced marketers and is initially focused on 36,000 public and private high schools in the US. Their team is introducing our Passive Portal opportunity to several major companies for sponsorships as well as private investors.

We strongly believe that a nationally known, successful sponsorship and/or investment agreement will be reached in the near future, enhancing the Company's goals.

South-East Asia:

The Company is finalizing the necessary safeguards for protection of its intellectual and physical property and will thereupon proceed with the shipment of the first unit.



Defense Technologies International Corp. (DTII): Production Funding and Shareholder Update

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