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TICKERS: PAT; PTOTF

Firm to Provide Its Threat Detection Platform to Royal Canadian Navy
News Update

Source:

The military branch intends to "evaluate and learn how to deploy the platform for personnel and asset protection at ports of call around the world."

Patriot One Technologies Inc. (PAT:TSX; PTOTF:OTCQX) announced in a news release it landed a CA$780,000 contract from Innovation Solutions Canada on behalf of the country's Department of National Defense (DND).

The contract is for the purchase, deployment and evaluation of the PATSCAN Multi-Sensor Covert Threat Detection Platform for the Royal Canadian Navy, which will then evaluate and use the system to protect personnel and assets at ports of call around the globe.

Having already begun the necessary production work, Patriot One intends to deliver the platform in February 2020. The following month, it will move into the installation and testing phases.

"We've been working with Innovation, Science and Economic Development (ISED) Canada's ISC division and Canadian Department of National Defense (DND) over the past year on this critical program for personnel and asset protection while at port around the world," Patriot One President and CEO Martin Cronin said in the release.

"The ability to deploy, evaluate and train the DND personnel on the PATSCAN Platform in a variety of real-life settings is extremely exciting for our team. As I've shared before, and as a Canadian company, we are truly honored to be part of this effort to protect our serving military personnel," Cronin added.

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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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