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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Patriot One Technologies Inc | TSX:PAT | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.59 | 0.54 | 0.60 | 0 | 00:00:00 |
“This specific application of our AI platform will aid firefighters every time they venture into physically dangerous building locations to fight fires and to save trapped occupants. These men and women put their own lives at risk and our solution will aid in giving them better situational awareness and actionable intelligence, resulting in better outcomes,” said Cornell Pich, vice president of Strategic Partnerships & Technology at Patriot One. “The conditions found in these events make visibility very poor. Innovation Solutions Canada tasked us to help address this situation using insights from sensors, correlated data, computer vision and our AI platform to solve this problem. We’re honored to be able to provide firefighters with innovative technology solutions to allow them to keep their “heads up and hands free” and deliver a high degree of situational awareness when saving lives.”
Patriot One, through development by Xtract AI, its AI innovation and development arm, will provide a range of hardware and software technology solutions to achieve the goal of making firefighters’ jobs safer. These include:
“At the core of Patriot One’s business is our AI platform, which allows us to ingest data from multiple sensor sources and correlate that data for actionable insights. This ultimately delivers outcomes that benefit the individual, operator and establishment,” said Peter Evans, CEO of Patriot One. “This project perfectly leverages the unique and market-differentiating capabilities of our purpose-built AI platform, which we normally use to deliver elevated patron experience and safety. This project will have great value to both the initial target segment and our wider, business model.”
Evans continued, “The whole point of AI and technology is to help people do their jobs better. We’re looking forward to using this innovation to further enhance our platform, which will then provide us the opportunity to deliver even more value to customers in our core markets. For example, the advanced insights from the ML model advancements, along with location-tracking and path-finding, has numerous benefits in context of our Facility Insights solution. This could include tracking a person of interest, that we provide to venue operators and our other stadium and arena customers.”
The funding and program support for this project was provided by Defence Research and Development Canada (DRDC). The technology developed by Patriot One will be used domestically and internationally, in multiple applications. Patriot One has worked with Innovation Solutions Canada on several projects, including Phase One of the Head Up Hands Free project.
To learn more about Patriot One’s AI solutions, please visit https://patriot1tech.com/patscan/products/.
About Patriot One TechnologiesPatriot One Technologies makes unobtrusive, artificial intelligence AI-driven weapons and threat detection systems that enable arenas, casinos, schools, theaters and other businesses to provide unprecedented safety while also improving the patron experience. The Company’s Multi-Sensor Gateway enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic, and its AI-based Video Recognition System enables venue and building operators to identify weapons and other threats inside and outside of facilities, while also providing valuable intelligence for optimizing operations via their AI-powered platform. Follow us on Twitter @patriot1tech.
For further information, please contact:
Patriot One Technologies Inquiriesinfo@patriot1tech.comwww.patriot1tech.com
Media ContactCaroline MetellPatriotOne@threeringsinc.com
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 within the meaning of applicable securities laws relating to system sales, 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”,” believes”, and similar expressions or the negative of these words or other comparable terminology. 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 counterparty default 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 only as expressly required by applicable law.
Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/562fc0a7-25da-4581-bfcf-edb934590cd4
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