VIDEO: Patriot One Technologies Inc (CVE:PAT) Groundbreaking Active Threat Solution

By |

Watch

Midas Letter

The Digital Businesss Channel for Cannabis, Crypto and Technology Stocks.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

Patriot One Technologies Inc (CVE:PAT) (OTCMKTS:PTOTF) (FRA:0PL) CEO Martin Cronin takes viewers on a tour of Patriot One’s groundbreaking weapons detection system designed to provide first responders more time to respond to Active Threat situations. Patriot One’s technology is designed to reveal concealed weapons in public areas and connect to emergency services, while providing less disruption for the public. Patriot One has commercialized its system and currently has 10,000 commercial interests and 12 product distributors. The company anticipates generating revenue this quarter and a broad roll out of its system is expected in 2019.

 

Transcript

Martin Cronin: What we want to do is greatly improve public safety by detecting threats before an attack happens. Or believe is that you should be able to do that with as little inconvenience to the public as possible.

If you deploy sensors covertly where they’re unobtrusive and unseen, the public are happier, but they’re also safer because you identify a threat before an attack happens. That’s at the heart of our philosophy of threat detection.

What we’ve set up here is a number of stations to show we implement threat detection technologies in live environments. The cognitive microwave radar is, I think, probably fairly well understood by your viewers.

We’re looking at the introduction of video analytics so that we can detect and tag weapons at open view, using the camera systems in car parks, for example. Somebody pulls a weapon out of a trunk of a vehicle, puts it in a bag – even before they come anywhere close to the premises, we’ve already detected and tagged that weapon.

We’re looking at targeted magnetic resonance sensing for detection of mass casualty weapons, IDs, and then we’re also looking at some specialist additional sensors for the detection of explosives and liquids and other electronics.

In addition, we have to have the software package which ties it all together. How do you we represent all of that data in a really user-friendly interface which can then connect directly to emergency services and graphically represent details of where an incident is happening?

We have something like 10,000 qualified sales leads globally, with 12 distributors appointed, we’re moving into revenue this quarter. Initially what we call paid pilot installation – that’ll just allow us, for those first few clients, to just iron out any unforeseen issues, just do our tweaks, ready for much broader commercial rollout over the course of 2019.

As a public safety company, we can’t afford to have failures, and so we’re doing everything we can now t make sure that we’re completely ready for the handover to clients by the end of this year.

Certainly the market appetite that we’re seeing for our solutions gets us really excited. We think we’re going to see tremendous growth in 2019.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

Free Newsletter,
Priceless Content.

Get more of Midas Letter delivered right to your inbox.

Special Offer

Sign-up today and receive free and immediate access to three recently published special reports!