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Wednesday, October 21, 2020 9:07:01 AM
Defense Technologies International Corp. Receives Funding to Retire a Convertible Note and for Production
Del Mar, California--(Newsfile Corp. - October 21, 2020) - Defense Technologies International Corp. (OTC PINK: DTII) (the Company) and Passive Security Scan Inc. (the Subsidiary); innovative providers of security technology and systems with broad and diverse applications, is pleased to announce the retirement of a Convertible Note and receipt of funding for Production.
Funding with a Fixed Convertible Rate:
The new funding is based on a fixed convertible rate, the Company's goal to stabilize the volatility of its financings.
Production:
The Company will start the production at its Rexburg ID plant of up to 50 Passive Portal walk-through weapons detectors including a Camera for detection of Elevated Body Temperatures. This will bring the total production to 64 units.
US Government Grant.
The Company is presently in contact with the FEMA offices of several States to procure the announced grant for Non-Profit Organizations (Schools, Churches and Synagogues).
Superior Quality of our Passive Portal:
As we continue to get further exposure and demonstrate our Passive Portal systems, at one such demonstration it was exclaimed by the attending parties as 'A Flawless Performance'!
"I am pleased that the Company is able to retire a convertible note and in addition start the production of up to 50 new Passive Portals. Our Passive Portal™ systems which will greatly enhance the security and safety of the public '' said Merrill W Moses, CEO. "The challenges facing today's institutions are growing and ever expanding. We are thrilled to be able to offer the only safe, radiation-free solution available on the market today. There are enough risks we face on a daily basis and we believe that reducing the radiation we come into contact with AND potential contagions... is a preventative measure we can all afford to embrace."
DTII announces receipt of funding for Production.
GLTA $DTII
Recent DTII News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 08:26:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/20/2023 10:23:35 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 12/15/2023 07:42:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/25/2023 08:12:07 PM
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- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 08/25/2023 09:10:05 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/15/2023 09:15:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/11/2023 09:21:47 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 07/31/2023 06:45:49 PM
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