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TICKERS: PAT; PTOTF

Threat Detection Solutions Provider to Collaborate with AI Company
News Update

Source:

The initial goal is to enhance the one firm's existing security products through the use of artificial intelligence technology.

Patriot One Technologies Inc. (PAT:TSX; PTOTF:OTCQX) announced in a news release it signed a collaborative agreement with Xtract Technologies Inc., an artificial intelligence company based in Vancouver, B.C.

To start, Xtract and three PATSCAN platform component teams, CMR, TMS and VRS, will explore how artificial intelligence technology can enhance multiple data sets, such as people and threat objects, to boost sensor threat-detection performance. In addition, Xtract will look at how combining the data from the three sensor solutions can make the platform more effective.

"We're confident that artificial intelligence technology can deliver improved results, further enhancing the PATSCAN platform's class-leading performance," Xtract CEO Kevin O’Neill said in the release.

The two companies have already started collaborating, and Patriot One expects positive developments to result from those efforts within 30 days.

Under the agreement, along with improving existing products, Patriot One and Xtract will explore developing new products and services, will possibly conduct research and development activities together and will consider other strategic options.

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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.
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