TORONTO, ON -- (Marketwired) -- 09/06/17 --Patriot One Technologies Inc. (TSX VENTURE: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL) ("Patriot One" or the "Company"), is pleased to announce that its award-winning PATSCAN CMR™ (Cognitive Microwave Radar) concealed weapons detection system has received Industry Canada (IC) certification for commercial use in Canada. Initial deployments will be undertaken in collaboration with law enforcement and government agency personnel at several strategic locations.
Company CEO Martin Cronin said, "We are gratified that a major regional police force has stepped forward to offer locations and personnel to assist our efforts in optimizing best practices for installation and operation. We are also working with an important enforcement arm of the Canadian government that has shown a keen interest in engaging a PATSCAN CMR deployment on-premise."
Due to the operational and sensitive nature of their activities, the law enforcement organization names and installation locations are withheld under non-disclosure agreements. The planned deployment of the PATSCAN CMR by these organizations is currently for internal, non-public use, and will focus on physical installation processes, fine tuning weapons profiles and ongoing software validation studies.
"We are very thankful to have the co-operation, time and effort of the officers and related civilian personnel, and their support for our quest to guard the public from random acts of violence," said Mr. Cronin.
Patriot One Technologies CTO Dinesh Kandanchatha added, "The receipt of our Industry Canada approvals is a validation of our engineering and manufacturing processes for regulated environments which mirrors our efforts in the USA. We have worked hard to build our certification expertise and anticipate FCC authorization shortly. Today we are excited to get our equipment into customers hands to further prove the system's efficacy in typical day-to-day situations at client locations. We are also excited by the opportunity to work with established software and hardware vendors to create a robust integrated security solution."
Patriot One is in the enviable position of having secured sales commitments for more units than it had planned for 2017. The Company is now finalizing sub-manufacturing agreements to increase its 2018 production capability in order to meet growing demand.
In an unrelated notification as part of its continuous disclosure obligations as a reporting issuer, the Company granted 125,000 stock options at an exercise price of $0.65 per share to an officer of the Company. Details of all corporate filings are available at sedar.com.
ON BEHALF OF THE BOARD
"Martin Cronin"
CEO & Director
About Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF) (FRA: 0PL):
Patriot One has developed PATSCAN CMR™ the next generation of its award-winning radar device and software solution. PATSCAN CMR is a first-of-its-kind Cognitive Microwave Radar concealed weapons detection system, designed as an effective tool to combat active shooter threats before they occur. Built for cost-effective deployment in weapon-restricted buildings and facilities, the Patriot One software solution and related hardware can be installed in key access points to covertly identify weapons and to alert security of an active threat. Owner/operators of private and certain public facilities can now prominently post anti-weapons policies with compliance assured. The Company's motto Deter, Detect and Defend is based on the belief that widespread use of its technology will act as an effective deterrent, thereby diminishing the epidemic phenomena of active shooters across the globe. For more information, visit: www.patriot1tech.com. Patriot One Technologies are proud winners of the 2017 Anti-Terrorism / Force Protection category of the Security Industry Association's New Product Showcase at ISC West.
CAUTIONARY DISCLAIMER STATEMENT:
No Securities Exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
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For further information, please contact:
Patriot One Inquiries
+1 (888) 728-1832
info@patriot1tech.com
www.patriot1tech.com
