Syniad Announces Bridge Funding into Patronus Technologies Inc.

Vancouver, British Columbia – October 10, 2024: Syniad Innovations Inc. (“Syniad”) today announced a bridge funding commitment to Patronus Technologies Inc. (the “Company” or “Patronus”), a commercialization accelerator focused on advanced dual-use materials for specialized defense and civilian industrial applications. The bridge financing of CAD 250,000 will be deployed in Patronus against the costs associated with the work they are doing towards an anticipated public listing and associated raise early in 2025.

“Patronus is developing rapid momentum” said Rick Fichera, Patronus CEO. “We have now turned our attention to the next phase of our development with a go-public strategy and capital raise to fuel our ambitious vision for the company. The support of our parent shareholder at Syniad Innovations as we work towards this is invaluable”.

About Patronus Technologies

Patronus Technologies Ltd, is a venture of Syniad Innovations Inc. The Company is  a commercialization accelerator focused on advanced dual-use materials for specialized defense and civilian industrial applications with a mission to protect people & property. The company is dedicated to the discovery, evaluation, and advancement of novel materials that are crucial for national security and next generation industrial applications. To find our more, please visit: https://patronus.tech.