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TICKERS: PAT; PTOTF

AI Subsidiary Lands Canadian Government Contract for Firefighters
News Update

Source:

Xtract AI, a subsidiary of Patriot One Technologies Inc., has secured a contract valued at CA$157,000 with Canada's National Defense Department's Public Works and Government Services Division to improve situational awareness for Canadian firefighters.

In a news release, threat detection and counter-terrorism solutions company Patriot One Technologies Inc. (PAT:TSX; PTOTF:OTCQX) announced on May 26 that its wholly owned subsidiary Xtract Technologies (Xtract AI) has "secured a CA$157,000 contract with Canada's Department of National Defense through the Public Works and Government Services Canada Division, as part of the Innovative Solutions Canada Program (ISC)."

The firm noted that the project's goals are to provide better situational awareness for Canadian firefighters. The company advised that "the outcome will be a solution that will provide innovative devices, applications, personal protective equipment and technology to help firefighters work in a more Head Up Hands Free (HU/HF) mode of operation on the fire ground."

The company added that it will seek to "integrate multiple sensors and biometric data feeds to assess the health, status and safety of firefighters in the field, detect objects and people in smoke, and predict flow path and flashover using thermal and video imaging feeds in real time and feed appropriate and necessary data back to incident commanders and firefighters in the field through a combination of dashboards, heads up displays, and haptic and audio feedback to increase efficiencies and remove distractions."

The company's CEO Martin Cronin commented, "We're tremendously excited to be working on this project and thank the ISC for selecting us. Xtract AI's knowledge of artificial intelligence, and data and video analysis are an ideal match for this challenge, and we relish the opportunity to put these into a solution that will assist Canadian firefighters in being better informed, more efficient and, ultimately, safer."

The firm stated that it has already commenced with the design and development process and that it will continue to release progress updates as required under the terms of the agreement.

Xtract AI utilizes advanced technology to develop artificial intelligence, machine learning, deep neural networks and predictive solutions for public institutions and private companies. The firm stated that it develops AI solutions to solve challenges across computer vision, natural language processing, anomaly detection, and time-series analysis for security, defense, environmental solutions and healthcare applications.

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his 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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