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Puget to Introduce Proprietary Software that Utilizes Artificial Intelligence to Optimize Distribution and Transportation Systems
Posted on Friday April 30, 2021

Innovation holding company plans to solve logistics challenges with AIBOCA RATON, Fla., April 30, 2021 (GLOBE NEWSWIRE) -- Puget Technologies, Inc. (“Puget”; OTC PINK: PUGE), a Nevada corporation subject to reporting pursuant to Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended, announces that the company’s Chief Technologies Officer (CTO), Victor Germán Quintero Toro has contributed proprietary software to Puget, subject to retained royalty rights, designed to improve the functioning of logistics in transportation and distribution systems. The methodology involved is believed to be unique and subject to protection as trade secrets, however, Puget may elect to reinforce such protection through patents in the near future. “The solutions currently available in the marketplace to manage distribution and transportation logistics are limited to just a few specifically customized applications. In contrast, Puget’s software can solve extremely complex problems for its end users by customizing the myriad of variables not currently included in out-of-the-box modular software. It does so in a seamlessly integrated environment without the need for additional capital expenditures. By data mining in big data environments with advanced artificial intelligence algorithms and other proprietary trade secrets, Puget’s newly acquired software is the only technology on the market today, in my opinion, that supports the majority of variables that affect these end users,” commented Mr. Quintero Toro. “Designed specifically to seamlessly integrate functionality within the big data environments of existing distribution and transportation systems, the software does not replace existing technology. One of the main advantages of this solution is the optimization of company’s operations since this software complements and enhances existing platforms to deliver efficiencies, enabling cost reduction without the need for a significant capital outlay. I’m looking forward to commercializing this technology with Puget’s assistance,” Mr. Quintero Toro explained. Mr. Quintero Toro’s past experience working to solve similar problems at Walmart distribution centers around the world contributed to the domain expertise needed to come up with such an innovative, integrated solution. The software has already been beta tested in the public transportation system of the City of Manizales in the Republic of Colombia, where it achieved a 30% reduction in hydrocarbon emissions as a result of better route management. The beta test results were presented at the Congreso Latino-Iberoamericano de Investigacion de Operaciones (CLAIO), and a summary was published in the publication Annals of Operations Research and in the Journal of Heuristics. Puget intends to commercialize this technology through licensing agreements, leveraging Puerto Rico as a springboard for rollout to Latin America and other parts of the world. The transportation and distribution problems on the Island, aggravated by unfortunate recent weather disasters, provide an opportunity for the technology to make a significant positive impact there. In addition, because of the substantial incentives provided by the Puerto Rico Incentives Code (Law No. 60 of July 1, 2019), Puget believes that the Commonwealth of Puerto Rico would be an ideal site as a worldwide research and development center, which will enable Puget to have a local presence as the team works directly with local business and government leaders to improve the Island’s infrastructure. For additional information, please contact Puget at 1-561-210-8535, by email at info@pugettechnologies.com or visit our website for continuing updates at https://pugettechnologies.com. About Puget Technologies, Inc.Puget Technologies, Inc. (pugettechnologies.com) aspires to evolve into an innovation-focused holding company operating through a group of subsidiaries and business units that work together to empower ground-breaking companies to reach their next stage of growth. With a strategy that combines acquisitions, strategic investment strategies, and operational support, Puget intends to provide a one-stop shop for growing companies who need access to both capital and growth resources, while enabling Puget and its stockholders to generate synergies and derive profit through pooled resources and shared goals. Puget’s current investment focus ranges from traditional industries like health care that are ripe for business model innovation to new markets that strive to solve big societal problems such as climate change. Publicly traded on the Pink Open Market under the ticker symbol “PUGE”, Puget is committed to delivering a competitive return to investors. Forward-Looking StatementsAny statements made in this press release that are not statements of historical fact, including statements about Puget’s beliefs and expectations, are forward-looking statements within the meaning of the federal securities laws, and should be evaluated as such. Forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should,” “will” or, in each case, their negative, or other variations or comparable terminology. Puget bases these forward-looking statements or projections on its current expectations, plans and assumptions that it has made in light of its experience in the industry, as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances and at such time. As you read and consider this press release, you should understand that these statements are not guarantees of future performance or results. The forward-looking statements and projections are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Although Puget believes that these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect Puget’s actual results to differ materially from those expressed in the forward-looking statements and projections. Puget undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. If Puget does update one or more forward-looking statements, there should be no inference that it will make additional updates with respect to those or other forward-looking statements.


Puget Technologies, Inc. Provides Update on Upcoming Annual Stockholders’ Meeting and Business Initiatives in Puerto Rico
Posted on Friday April 23, 2021

BOCA RATON, Fla., April 23, 2021 (GLOBE NEWSWIRE) -- Puget Technologies, Inc. (“Puget”; OTC PINK: PUGE), a Nevada corporation subject to reporting pursuant to Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended, announces that, because of the resurgence of the Covid 19 pandemic on the Island of Puerto Rico and related advisories on travel and gatherings, it has reluctantly decided to move the site of the annual meeting to Puget’s headquarters in Boca Raton (1200 North Federal Highway, Suite 200-A; Boca Raton, Florida 33432), subject to moving the event to a larger venue in that city if indications of participation warrant such a move. The meeting will also be accessible virtually from our website. Although the new date has yet to be determined, it is anticipated that the event will occur in the latter part of May in order to provide those interested in attending time to make travel arrangements. The change in location is in no manner indicative of a change in Puget’s interest in active engagement in and with the Commonwealth of Puerto Rico, where it finds the opportunities provided by the Puerto Rico Incentives Code Act (Act 60-2019) and of personal relationships with important Commonwealth business and civic leaders to be extremely attractive. In fact, Puget has just retained the renowned management recruitment firm, Careers, Inc., with offices at 208 Avenida Ponce de León, Suite 1100, San Juan Puerto Rico 00918-1036, to assist in the recruitment of appropriate local personnel, who in collaboration with Puget’s current personnel based in the Republic of Colombia (it’s Chief Technologies Officer as well as the coordinating member of its Board of Advisors) will help Puget-related businesses penetrate Latin American markets from the company’s international operational headquarters in San Juan. Puget’s Chief Executive Officer, Hermann Burckhardt, CEO, explained, “We look forward to moving on our ambitious plans for a meaningful presence in the Commonwealth by year’s end and in our opinion, Careers, Inc., is the perfect organization to help us find and retain the best people available. We expect to have additional details next week. Additionally, we expect to have additional news next week, including information with respect to testing of apps in Puerto Rico designed by our Chief Technologies Officer, to facilitate and improve medical services and provide more efficient and reliable transportation systems in the region." For additional information, please contact Puget at 1-561-210-8535, by email at info@pugettechnologies.com or visit our website for continuing updates at https://pugettechnologies.com. About Puget Technologies, Inc.Puget Technologies, Inc. (pugettechnologies.com) aspires to evolve into an innovation-focused holding company operating through a group of subsidiaries and business units that work together to empower ground-breaking companies to reach their next stage of growth. With a strategy that combines acquisitions, strategic investment strategies, and operational support, Puget intends to provide a one-stop shop for growing companies who need access to both capital and growth resources, while enabling Puget and its stockholders to generate synergies and derive profit through pooled resources and shared goals. Puget’s current investment focus ranges from traditional industries like health care that are ripe for business model innovation to new markets that strive to solve big societal problems such as climate change. Publicly traded on the Pink Open Market under the ticker symbol “PUGE”, Puget is committed to delivering a competitive return to investors. Forward-Looking Statements Any statements made in this press release that are not statements of historical fact, including statements about Puget’s beliefs and expectations, are forward-looking statements within the meaning of the federal securities laws, and should be evaluated as such. Forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should,” “will” or, in each case, their negative, or other variations or comparable terminology. Puget bases these forward-looking statements or projections on its current expectations, plans and assumptions that it has made in light of its experience in the industry, as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances and at such time. As you read and consider this press release, you should understand that these statements are not guarantees of future performance or results. The forward-looking statements and projections are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Although Puget believes that these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect Puget’s actual results to differ materially from those expressed in the forward-looking statements and projections. Puget undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. If Puget does update one or more forward-looking statements, there should be no inference that it will make additional updates with respect to those or other forward-looking statements.


Puget Appoints Chief Technologies Officer and Elects Chemical Engineer to Board of Advisors
Posted on Tuesday April 13, 2021

BOCA RATON, Fla., April 13, 2021 (GLOBE NEWSWIRE) -- Puget Technologies, Inc. (“Puget”; Pink Open Market symbol “PUGE”), a Nevada corporation subject to reporting pursuant to Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended, is pleased to announce that it has retained Víctor Germán Quintero Toro as chief technologies officer (CTO). His duties will include responsibility for the design, development and maintenance of Puget’s internet presence including its website, its social media presence, information concerning Puget on the Internet, Puget’s internet security, etc.; evaluation of all potential acquisitions and monitoring all acquisitions and operating subsidiaries with respect to all matters involving technology; coordination and monitoring of all research and development activities involving technology; development of personal proprietary information conceived by him with respect to software applications for use on computers and other intelligent devices in the areas of coordination of medical services and transportation systems; and, performance of such other duties as are assigned to him by Puget’s president and boards of directors, subject to compliance with all applicable laws and fiduciary obligations. Intellectual property developed by Mr. Quintero will belong to Puget subject to a ten percent royalty interest in his favor. Mr. Quintero is currently developing a proprietary transport control and programming system based on big data (a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software) and artificial intelligence; and, a proprietary platform for improved doctor patient scheduling and treatment interaction. Such projects are expected to be developed and marketed by Puget and test marketed in the Commonwealth of Puerto Rico where Puget anticipates conducting a substantial portion of its activities in order to avail itself of benefits provided under the Puerto Rico Incentives Code Act (Act 60-2019). Excluded from the agreement is a proprietary hydroponic, hermetic, automated and controlled cultivation system using artificial intelligence (Colombian patent number NC2020 / 0000681) which Mr. Quintero will develop and market independently. Mr. Quintero will primarily work from the city of Manizales in the Republic of Colombia where he resides, availing Puget of the abundant academic and professional talent there as a result of the city’s status as a major academic center (with ten university campuses in a city of approximately 450,000 people), a city which is striving to emulate the information and technological accomplishments of major cities in the Republic of India, and, as required, from the Commonwealth of Puerto Rico. Mr. Quintero, age 40, obtained a bachelor of science degree in electronic engineering from the Universidad Nacional de Colombia in 2002 and a bachelor of science degree with honors in computer and systems engineering in 2007 from the Universidad Tecnológica de Pereira, both in the Republic of Colombia. From 2007 to 2009 he was employed as a software architect at Accenture, PLC and from 2009 to 2012 he was employed as a consultant and software architect at Oracle Corporation, in the telecommunications area. In 2012, he was retained as a project manager at Walmart, Inc. charged with design of software apps involving automation of logistics, transportation, project distribution, inventory and digital marketing for diverse regional headquarters and distributions centers throughout the world. From 2013 through 2017, Mr. Quintero was employed at Cablevision Argentina as project manager, where he led the 4G implementation project and was involved with the integration of fixed networks with the mobile networks and design of the Quad Play service. In 2018 he was employed by Banco Santander, a major European bank with worldwide branches as a software architect on the digital platform integrating different online services as well as management and handling documentation. During that same year he was involved with Motorola, Inc., as a finalist in an applications development program, his entry involving an app for noninvasive measurement of blood glucose for diabetes patients and others. During 2019 Mr. Quintero was retained by a large pharmaceutical chain in the Republic of Colombia, “Evedisa”, to develop, improve, standardize and maintain its databases and while there, completed a postgraduate program in management at the Colegiatura del Café. Since 2020 Mr. Quintero has served as a project manager at Get In Marketing where he has integrated diverse services and projects in the areas of digital marketing, administration, communication and innovation. Mr. Quintero is currently a researcher at the Universidad de Caldas in areas including information and communication technologies, pedagogy and integration of technology into education working with two centers of excellence and four A rated research groups. He is an international speaker in the fields of science, technology and education and has participated in the Congreso Iberoamericano held in Buenos Aires during November of 2014, the Congreso Internacional de Nuevas Tecnologías Educativas held in Mexico City in 2006, the II Congreso Internacional de Educación RUDECOLOMBIA held in Paipa, Boyaca, Colombia during 2007 and the Congreso Internacional de Tecnología held in 2009 at the Universidad del Valle in Cali, Colombia. Puget has also added a new member to its Board of Advisors, Ms. Natalia Trujillo Orozco. In addition to her advisory duties, she will also act as the secretary of the Board of Advisors and of every committee thereof, responsible for coordinating all meetings and preparing required records for submission to Puget’s corporate secretary. Ms. Trujillo has a bachelor of science degree in chemical engineering from the Universidad Nacional de Colombia. During her studies she was member of the “Development of New Products and Functional Foods” research group where she worked on a project entitled “Evaluation of Osmotic Dehydration as a Pretreatment for Vacuum Impregnation of Chayote (Sechium edule)” presented by her at national events such as 8th and 10th regional meetings of the Red Regional de Semilleros de Investigación. Some of the written projects she coauthored include: (2018), “Biofuels Conversion by MixAlcoTM Process Using Municipal Solid Waste as Substrate: simulation and economic, environmental and social analysis”; (2018), “Producción de carbon activado a partir de cáscaras de naranja” (Production of Activated Carbon from Orange Peels); (2019), “Producción de 1, 3- Butadieno a partir de residuos agroindustriales” (Production of 1,3- Butadiene from Agro-Industrial Waste); (2019), “Estudio de factibilidad para el montaje y puesta en marcha de planta de producción carbón activado” (Feasibility Study for Assembly and Start-Up of an Activated Carbon Production Plant); (2019), “Aprovechamiento del borojó (Borojoa patinoi) para la elaboración de productos comestibles de alto valor commercial” (Use of Borojo [Borojoa patinoi] for the Production of High Commercial Value Edible Products). During 2019 she also worked with the Corporación Colombiana del Saber Científico SCIO (Colombian corporation of scientific knowledge) in Bogotá as a content analyst for publications in food research journals. In addition to the foregoing, since 2017 she has served as a wellness counselor or advisor with respect to functional alimentation for individual clients in Colombia, Canada, El Salvador, Chile, Spain and in the United States. In addition to her university studies, she has completed the following courses: Introduction to psychology, Yale University; Herbal Medicine, University of Minnesota; Seguridad Agroalimentaria, Universidad Nacional Autónoma de México; Use of WordPress to Create a Blog for your Business, Coursera Proyect Network; Aromatherapy: Clinical Use of Essential Oils, University of Minnesota; Positive Psychiatry and Mental Health, University of Sydney; Weight Management: Beyond Balancing Calories, Emory University; Chemicals and Health, Johns Hopkins University; Nutrición y obesidad: control de sobrepeso, Universidad Nacional Autónoma de México; Introduction to Integrative Therapies and Healing Practices, University of Minnesota; Mindfulness in Integrative Healthcare, University of Minnesota; and, The Science of Well-Being, Yale University. In addition to their academic and professional qualifications, Mr. Quintero and Ms. Trujillo add diversity to Puget, both being Hispanic, which is important with respect to Puget’s anticipated activities in Puerto Rico. Forward-Looking StatementsAny statements made in this press release that are not statements of historical fact, including statements about Puget’s beliefs and expectations, are forward-looking statements within the meaning of the federal securities laws, and should be evaluated as such. Forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should,” “will” or, in each case, their negative, or other variations or comparable terminology. Puget bases these forward-looking statements or projections on its current expectations, plans and assumptions that it has made in light of its experience in the industry, as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances and at such time. As you read and consider this press release, you should understand that these statements are not guarantees of future performance or results. The forward-looking statements and projections are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Although Puget believes that these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect Puget’s actual results to differ materially from those expressed in the forward-looking statements and projections. Puget undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. If Puget does update one or more forward-looking statements, there should be no inference that it will make additional updates with respect to those or other forward-looking statements. For additional information, please contact Puget at 1 305 721 3128, by email at info@pugettechnologies.com or visit its website for continuing updates at https://pugettechnologies.com.


Pranav Nawani, PhD, joins Andrew Spencer and David E. Burnett on Puget Technologies, Inc.’s Board of Advisors
Posted on Wednesday April 07, 2021

BOCA RATON, Fla., April 07, 2021 (GLOBE NEWSWIRE) -- Puget Technologies, Inc. (“Puget”; Pink Open Market symbol “PUGE”), a Nevada corporation subject to reporting pursuant to Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended, is pleased to announce that Dr. Pranav Nawani has joined its Board of Advisors. Dr. Nawani, age 47, is a Research Scientist at Washington State University’s Institute for Shock Physics, Applied Sciences Laboratory. Dr. Nawani has a long trajectory investigating issues related to nanomaterials and polymer nanocomposite materials research and his research lies at the confluence of polymer chemistry, polymer physics, applied chemistry, material science, and biomaterials. Dr. Nawani’s research interests are focused on developing advanced materials and polymer nanocomposites for applications in paints, coatings, aerospace, automotive, energy, biomedical device, and the commodity polymer industry. He graduated from Stony Brook University with a PhD in Chemistry. Prior to receiving his PhD, he earned a Bachelor’s degree (Honors) in Chemistry and a Master of Science in Physical Chemistry degree from Delhi University in Delhi, India. He also obtained an MBA in Marketing from the Somaiya Institute of Management Science & Research in India and a Master of Science degree in Chemistry from Stony Brook University. Dr. Nawani has more than seventeen years of diverse academic and industrial experience, five years of which were prior to the beginning of his research career as a Ph.D. candidate. Prior to his Ph.D., he worked in the areas of production, advertising, marketing, and product development. He also has more than 12 years of multi-disciplinary research experience involving synthesizing, formulating, functionalizing, modifying and investigating interfacial interaction, structure, morphology and properties of various polymers, filler materials, biopolymers, and polymer nanocomposites materials. Dr. Nawani has developed materials and advanced nanocomposites for various commercial applications, has published in various international journals and has been awarded a patent in development of biodegradable hydraulic fluid and has filed several provisional patent applications for development of various materials and coatings. Prior to joining the Applied Sciences Laboratory, Dr. Nawani was a technical director at Nano Science Engineering Corporation (nanoSEC) in Michigan where, as head of research and development, he developed various novel technologies in materials and polymer composites. Representative publications include Pranav Nawani, Christian Burger, Mikhail Y. Gelfer, Benjamin Chu, Benjamin. S. Hsiao, Andy H. Tsou and Weiqing Weng, Structure and permeability relationships in polymer nanocomposites containing carbon black and organoclay Effect of carbon black on the Orientation of Nanoclays dispersed in polymer and its effect on the permeability of Polymer, (May 2015); Pranav Nawani, Christian Burger, Mikhail Y. Gelfer, Benjamin Chu, Benjamin. S. Hsiao, Andy H. Tsou and Weiqing Weng, Nanoclays Orientation in Polymer Nanocomposites, Polymer (Oct 2010); Pranav Nawani, Hongwen Zhou, Chris Burger, Benjamin Chu & Benjamin S Hsiao, “Chapter 8: Structural Analysis of Biological and Technical Nanocomposites by X-Ray Scattering”, Pgs 183 to 188; Lecture Notes in Physics, Springer-Verlag (2008); and, Pranav Nawani, Mikhail Gelfer, Benjamin. S. Hsiao, Anatoly Frenkel, Jeffrey W. Gilman & Syed Khalid, Preparation and Characterization of Transition Metal Ion Modified Nanoclays, Langmuir (Sep 2007). Information concerning additional publications by Dr. Nawani is available at https://scholar.google.com/citations?user=mnVZr8kAAAAJ&hl=en. Dr. Nawani has previously worked with Messrs. Spencer and Burnett, two other members of Puget’s Board of Advisors, in development of particulate nanotechnology for use in augmenting electrical generation and information storage capacity for different media, including solar panels, an area of interest for Puget as it expands its operations. Forward-Looking StatementsAny statements made in this press release that are not statements of historical fact, including statements about Puget’s beliefs and expectations, are forward-looking statements within the meaning of the federal securities laws, and should be evaluated as such. Forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should,” “will” or, in each case, their negative, or other variations or comparable terminology. Puget bases these forward-looking statements or projections on its current expectations, plans and assumptions that it has made in light of its experience in the industry, as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances and at such time. As you read and consider this press release, you should understand that these statements are not guarantees of future performance or results. The forward-looking statements and projections are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Although Puget believes that these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect Puget’s actual results to differ materially from those expressed in the forward-looking statements and projections. Puget undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. If Puget does update one or more forward-looking statements, there should be no inference that it will make additional updates with respect to those or other forward-looking statements. For additional information, please contact Puget at 305-721-3128, by email at info@pugettechnologies.com or visit its website for continuing updates at https://pugettechnologies.com.


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