Tech Penny Stocks: Patriot One Technologies Leads the TSXV Today After Cisco Deal

penny stocks

Cannabis penny stocks have flooded the top stocks trading on the TSXV for months. However, today, a tech penny stock is among the top traded stocks on the TSXV at press time. Cannabis stocks may be the most talked about stocks on the market these past few months, but there have been a few mining and tech penny stocks lately that are making big moves.

Let’s take a closer look at this tech stock leading the TSXV.

Patriot One Technologies Inc. (TSXV:PAT)

Patriot One Technologies is headquartered in Vancouver, BC, and operates as a technology company with a focus on radars. The company commercializes a system to detect concealed weapons using radar technology. Its solution is used for public and private entrance points, and entrances into vehicles.

This morning, the tech penny stock announced it has been invited to partner with Cisco Systems Inc. (NASDAQ:CSCO). Cisco is headquartered in San Jose, California, and focuses on designing, manufacturing, and selling Internet Protocol-based networking, as well as other products related to communication.

This new collaboration will be a part of Cisco’s global innovation program. This partnership aims to assist effective commercial deployment of Patriot One’s PETSCAN family of threat detection solutions.

>> Cannabis Penny Stocks: Are They Rebounding?

“We are very excited to partner with Cisco Systems on its innovation program, as it will accelerate our efforts to bring much needed threat detection solutions to the marketplace,” said Martin Cronin, CEO and President of Patriot One. “Our company’s vision is to create a world safer from acts of violence on our global citizens. This partnership will play a key part in our mission to be the foremost proponent and provider of innovative threat detection and counter terrorism solutions and services for public safety.”

Cisco will provide the tech penny stock with its security and network and will help innovate its framework architecture, installation, and data management. 

PAT Stock Movement

According to Yahoo Finance, the tech penny stock is currently trading at $2.79 a share, up +$0.30 (+12.05%).

Featured Image: Depositphotos/© Elnur_

If You Liked This Article Click To Share