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Artificial Intelligence Firm Lands Canadian Defense Contract
News Update

Source:

The project goal is to improve situational awareness of military and security personnel.

Patriot One Technologies Inc. (PAT:TSX; PTOTF:OTCQX) announced in a news release that its subsidiary, Xtract Technologies, won a CA$975,000 contract from Canada's Department of National Defense (CAF) through the Department of Public Works and Government Services.

Xtract is to design, develop and deploy advanced machine learning models and proprietary data sets then integrate those with advanced visualization hardware to improve situational awareness for the Canadian Armed Forces (CAF) and security personnel. Xtract has already begun tackling the project.

"We're very excited to leverage the Xtract.ai team's expertise in video analytics, object detection and artificial intelligence with the Canadian Department of National Defense," Patriot One CEO Martin Cronin said in the release.

"With the work Xtract.ai has be doing with several clients, as well as on Patriot One's PATSCAN Multi-Sensor Covert Threat Detection Platform, the team brings tremendous experience in video analytics and threat object detection, and we look forward to delivering a high-performing solution that we hope will augment our military personnel in their service to our country," Cronin stated.

This contract comes on the heels of Xtract completing other related work for the CAF. That included developing technological solutions that allow soldiers to detect, recognize and identify persons or objects in a physical environment and/or to track identified persons and objects using seamless information sharing over a network.

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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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