Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: PAT; PTOTF

Threat Detection Platform Goes Global
News Update

Source:

The company continues to expand its sales network throughout the Americas, Europe, Africa, Asia and the Middle East.

Patriot One Technologies Inc. (PAT:TSX; PTOTF:OTCQX) entered the international market by contracting with companies to sell its PATSCAN threat detection product outside of North America, it announced in a news release.

To date, Patriot One has garnered CA$1.96 million worth of overseas commitments through multiyear contracts with numerous resellers. Those, on top of its reseller agreements already in place in North America, take total global commitments to about CA$8.1 million.

Initial product shipments to the international resellers are slated to start this August.

Resellers are required to "use their best commercial efforts to deploy the PATSCAN platform, including associated software licenses, maintenance and support programs, throughout the engagement period," the release explained.

"Our partners are excited to be introduced to the power of our approach, which is based on the integration of multiple threat detection sensors into our PATSCAN platform," Patriot One CEO Martin Cronin said in the release.

In fact, Patriot One recently added a fourth covert threat detection sensor/software component to its product, it also announced. It is the PATSCAN TMS, which can detect concealed threats on one's body or in one's bag, without having to generate a body image. This reduces costs and protects people's privacy. The company licensed the TMS technology from California-based developer, Quasar Federal Systems Inc.

[NLINSERT]

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. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
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, a company mentioned in this article.




Want to read more about Technology investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe