Already One of the Best Performing Tech Stocks on the 2019 TSX Venture 50, Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF) is Looking to Truly Breakout as High-Tech Security Demand Soars
As mass shooting incidents and terrorist attacks continue to escalate … a new class of high-tech security companies are rising up to meet the challenge.
One such company is Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF), which offers innovative threat detection and counter-terrorism solutions that are designed to stop attacks before they occur.
The company’s breakthrough platform of multiple sensor technologies utilizes artificial intelligence and machine learning software to detect concealed weapons prior to an attacker reaching their target. This early detection gives first responders and security personnel more time to react and stop attacks.
Already Patriot One Technologies’ (TSX:PAT) (OTCQX:PTOTF) award-winning PATSCAN multi-sensor covert threat detection platform has generated an impressive partner and client list for the company that includes IBM (NYSE:IBM), Cisco Systems (NASDAQ:CSCO), Raytheon Company (NYSE:RTN), Westgate Las Vegas, the University of North Dakota and more.
But while major companies have been quick to embrace Patriot One Technologies’ (TSX:PAT) (OTCQX:PTOTF), the investment markets have been slower to catch on – creating a unique opportunity for fast-moving investors seeking to get involved in a market that many are predicting could soon surpass cyber security in size.
For those unaware, valuations for cyber security companies have gone through the roof recently with multiples hitting 51X income. That Market’s growth looks to be continuing, and the high-tech physical security market is ready to take off as well. In fact, many experts believe the high-tech physical security market could surge even higher due to ever-increasing threats of terrorism and rising crime rates.
But investors interested in Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF) may need to act soon, the company’s profile is already starting to grow. For example, it was selected as the second best performing tech stock on the 2019 TSX Venture 50 for its superior performance in 2018. That award then lead to an impressive graduation to Canada’s TSX Big Board in April of this year.
In other words, it’s only a matter of time before more investors start catching on to the company’s potential. So let’s take a closer look at the factors that make this company stand out in the emerging high-tech security market.
How Does Patriot One “Deter, Detect and Defend?”
With its mission to deliver innovative threat detection and counter-terrorism solutions for safer communities, Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF) has developed security assets enticing to businesses, schools, venues, and governments alike—while commercializing a platform of multiple sensors that detect concealed weapons by using radar, video, magnetic, and chemical detection technologies.
The PATSCAN™ Multi-Sensor Covert Threat Detection Platform uses a network of advanced sensors. Each sensor uses powerful next generation AI/machine learning software that is then coupled with hardware to detect known threats like rifles, guns, knives, bombs, chemicals, etc.—effectively raising the probability of neutralizing a threat and its potential harm before it starts.
President and CEO Martin Cronin says,
“a key difference with our technology is that we can provide a little bit of standoff to a facility in that people, subject to locals laws etc., people can be scanned as they approach a facility to give early warning to security that they’re walking up with a knife, a bomb, etc. And that’s a fundamental difference to the existing technology.”
The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities, etc. This high-tech network can be covertly deployed from a far perimeter and/or within interiors across multiple weapons-restricted facilities. It provides first responders and security personnel valuable time that’s crucial to any active threat scenario.
An Impressive Roster of Active Partners & Clients
Among Patriot One’s (TSX:PAT) (OTCQX:PTOTF) roster of active clients and partners, are an impressive array of private and public interests.
Their prestigious portfolio currently includes:
- IBM (NYSE:IBM)
- Cisco Systems (NASDAQ:CSCO)
- Raytheon Company (NYSE:RTN)
- Westgate Las Vegas
- University of North Dakota
- A Regional Police Force
At the forefront, the Cisco partnership has already brought plenty of major wins. The arrangement has allowed Patriot One (TSX:PAT) (OTCQX:PTOTF) to advance its efforts with its VRS component and machine learning. The partnership offers a network of security system integrators/resellers/installers to help deploy the PATSCAN Platform Solution to a wide variety of clients. Cisco will also work with Patriot One on a Mobile VRS solution with deployment into law enforcement/police cars.
Security and weapons giant Raytheon is currently working with Patriot One (TSX:PAT) (OTCQX:PTOTF) on the development of its radar technologies, currently the CMR. In March, the Company announced a partnership to extend developmental innovation of Patriot One’s threat detection technology and product pipeline.
“Raytheon has been a leader in developing radar technology since World War II. One of our missions is seeing the unseen which complements Patriot Ones’ concealed threat detection solution,” stated Terry Manion, RCL’s vice president. “Supporting Canadian innovation through the Federal Industrial and Technological Benefits Policy provides current and future opportunities to create high-value jobs and economic growth throughout Canada.”
IBM has given Patriot One access to their world-famous Watson and Machine Learning/AI teams. The result has been enhanced potential to advance PAT’s own machine learning capabilities, carried out through their Startup with IBM program.
The company’s business strategy utilizes security system integrators (resellers), and currently has 12 active resellers in countries internationally. More resellers will be added over time, as this threat detection platform adds more into its already enormous file of sales prospects and potential clients. Currently, the company has over 9000 qualified reseller and end-user client leads in place.
Affordability Gives Security to Even Schools and Churches
The spread of the PATSCAN Platform is in the works, as each of its threat detection sensor components are all nominally priced.
The platform’s affordability makes its rollout less hindered. Now not only are sports stadiums, corporate and event venues able to afford this level of security, but also schools and churches that don’t have the large security budgets.
As the platform gets deployed over the next few years, can you imagine how many kid’s lives could have been saved from all of the shootings at schools? Since April, there have been 8 school shootings and 4 deaths alone in the U.S.!
This capability further adds to the company’s aim to become a household name, as they’ll be able to provide safety information of all types to security personnel at properties to protect their patrons.
Unique Solutions at the Forefront of Covert Weapons Detection
What these high-profile partners are seeing, is Patriot One’s (TSX:PAT) (OTCQX:PTOTF) uniqueness, that brings together a multitude of technologies, each gathering data for a more intelligent security software system.
The PATSCAN Multi-Sensor Covert Threat Detection Platform offers a layered approach to threat detection for weapon restricted buildings—the platform and its components will essentially cover all areas from the parking lot to inside the building.
Offers Privacy and Unbiased Threat Analysis
While an increase in security is typically celebrated the world over, another concern is raised: Privacy.
Privacy watchdogs have expressed concern towards the wave of scanners in places like airports in North America and around the world.
The PATSCAN platform solely looks for threat objects or threat disturbances first, before identifying an individual. By detecting the threat item/disturbance first, the system inherently eliminates any bias in individual profiling
In contrast, many of Patriot One’s competitors’ solutions see images of naked bodies; justifiably causing serious privacy concerns.
Each client using one of those solutions will need to have a “data management” policy in place to protect their employees, staff and patrons visiting these facilities protected by these competitor technologies.
Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF) has successfully avoided such a need, with their state-of-the-art platform that ensures privacy of all patrons.
More Than Just a Security Company; AI/Machine Learning Advantage
An important point that investors may miss, is that Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF) is not just a security company—it’s also a frontier AI/Machine Learning Software Company.
Thanks to this factor, Patriot One’s AI analysis and machine learning capabilities continuously improve the system’s effectiveness. Unlike many of its competitors, PATSCAN keeps getting smarter and more precise over time.
It’s this distinction that makes PATSCAN far more than just a glorified metal detector. It’s an intelligent system of multiple, integrate sensors that spans from the parking lot to inside the building.
Each of the PATSCAN Multi-Sensor Covert Threat Detection Platform’s components (CMR, TMS, VRS and STS) are intelligent/cognitive learning solutions. They scan via radar, magnetic resonance, video and chemical sense, all the while learning more and more. This progressive learning has enabled the platform to learn the difference from an umbrella vs a rifle, a laptop computer vs a bomb.
Data acquired from just one AI/Machine Learning sensor can then be applied to the other solutions through a process called “Data Fusion”. This involves melding/merging each solution together in one unified suite that cooperatively works to identify threats entering the weapon restricted building/venue.
Patriot One believes utilizing a suite of sensors working together is far more effective than other systems with just one sensor in creating safer buildings and communities.
Stacked Management Team Successful International Experience
To date, much of the success of Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF) can be attributed to its team’s rapid of succession of achievements. Their connections and decisions have yielded a series of recent accomplishments, including a successful acquisition, the closing of a $46 million bought deal financing, the addition of multiple high-profile clients, and an army of active resellers.
These achievements come from the top down, with a team that’s led by President and CEO, Martin Cronin. An expert in the areas of counter-terrorism, conflict resolution, and government/corporate interface, Cronin has extensive experience in high intensity conflict environments, including over 20 years’ experience in international diplomacy with the British Government. He’s served in postings around the world, including in Yemen, Jordan, Sweden, Pakistan, and Iraq.
Bringing a strong mix of academic and industry experience, Dr James Stewart serves as SVP of Video Analytics. Dr. Stewart previously served as Lead Data Scientist with Forcepoint (Formerly Raytheon|Websense), Research and Development Manager with the Information Security Centre of Excellence at UNB (now the Canadian Institute for Cybersecurity), Senior Network Intelligence Analyst with Bell Aliant, and Crime Analyst Manager with the Saint John Police Force, where he continues to serve today as a 15-year auxiliary police constable.
to Keep an Eye on Patriot One Technologies(TSX:PAT) (OTCQX:PTOTF)
Portfolio of Prestigious Partners and Clients
Already Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF) has amassed an impressive list of clients and partners that includes Cisco, IBM, and Raytheon as well as public entities like the University of North Dakota. The company currently utilizes 12 active resellers from around the world, and has also accumulated over 9000 qualified reseller and end-user client leads.
Multi-Component AI/Machine Learning System
The PATSCAN platform incorporates 4 major components, with embedded AI/Machine Learning including: both radar- and magnetic resonance-based covert weapon detection sensors, video object recognition software that overlays VMS systems, and a multi-chemical threat detection sensor for explosives and narcotics. Its sensors communicate and allow detection to get smarter and smarter with each passing patron.
Unparalleled Affordability and Privacy Assurance
Each component of the PATSCAN platform is nominally priced, making the system affordable to not only major venues and governmental buildings, but to smaller sites, such as schools and churches. Patrons can not only feel an increase in their physical safety, but thanks to the object recognition capability, their personal privacy also remains secure.
Big Board, Big Expectations
Based on its 2018 performance, Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF) received acknowledgment in the TSX Venture 50 for 2019. By April of this year, the company was officially approved for Canada’s top exchange, the TSX, as the company emerges as a leading security tech stock.
Internationally Experienced Management Team
The Patriot One Technologies (TSX:PAT) (OTCQX:PTOTF) consists of successful leaders with international security and tech experience. President and CEO Martin Cronin has over 20 years of international diplomacy experience for the British Government. He’s surrounded by law enforcement and industry experts, and an accomplished Board that should lead the company to further successes.