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TICKERS: PAT; PTOTF

Threat Detection Firm Selected to Receive Up to CA$4.5M from Digital Technology Supercluster Covid-19 Program
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Source:

Patriot One Technologies is adding health safety modules to its threat detection platform.

In a news release, Patriot One Technologies Inc. (PAT:TSX; PTOTF:OTCQX) announced that it is participating in a program in which it will receive up to CA$4.5 million in investment capital to further build out and test its PATSCAN Multi-Sensor Threat Detection Platform.

Canada's Digital Technology Supercluster COVID-19 Program consists of two stages for co-investment. In the first, Patriot One, based in Vancouver, British Columbia, will receive up to $2.25 million to develop, deploy and test three new PATSCAN components.

One is a screening module that uses thermal cameras to highlight in real time people with an elevated body temperature. The second is one or two modules that detect and highlight whether people are wearing or not wearing masks or face covers in places where they should be and highlight areas in which social distancing is not being practiced. The third is a module that predicts future outbreaks based on multi-location tracking of quantifiable indicators.

These modules must be deployed for four to six months at the locations of at least five Patriot One customers. Already, testing of the temperature, face coverings and social distancing modules is underway as they are up and running in a hospital, business office, sports stadium and law enforcement facility, all in North America.

In the program's second stage, Patriot One will get up to CA$2.25 million over six to eight months to refine its new health safety modules and again deploy them at the sites of its stage one partners.

"Our mission has always been to create safer communities by detecting dangers before they become a threat to our global citizens and communities. We believe our thermal camera solution will greatly help businesses, healthcare, retail, sport, entertainment, and hospitality industries as they re-open the economy," Patriot One CEO Martin Cronin said in the release.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Patriot One Technologies. Click here for important disclosures about sponsor fees.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Patriot One Technologies, a company mentioned in this article.




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