TORONTO, ON--(Marketwired - Nov 14, 2016) - Patriot One Technologies Inc., (TSX VENTURE: PAT) (OTC PINK: PTOTF) (FRA: OPL) ("Patriot One" or the "Company") is pleased to announce that it has commenced trading on the TSX Venture Exchange under the symbol "PAT."
Additionally, the Company announces the launch of its new and revolutionary NForce CMR1000 concealed weapons detection system, which employs an innovative, radar technology that autonomously recognizes signature identification patterns of prohibited items such as guns or knives prior to their entry into monitored areas.
Company CEO Martin Cronin states, "Our motto is also our goal: 'We aim to Deter, Detect and Defend against random acts of senseless violence in our schools, offices, shopping centers, transit stops, theatres, nightclubs and anywhere else innocent people work, live and play.'"
Mr. Cronin says the Company's technology counters an ongoing threat to public safety. "It's time to make soft targets hard without impacting citizens' rights and freedoms. We believe, as do many others, that NForce promises a practical solution to prevent many violent acts that can lead to loss of life, and we plan to deliver on that promise."
The Company recently held a successful pre-launch industry event during the International Association of Chiefs of Police (IACP) Conference in San Diego, which featured former US Secretary of Homeland Security Tom Ridge as keynote speaker. The invitation-only event, which was well-attended by Chiefs of Police and other law enforcement officials, provided the Company with a prime opportunity to garner NForce product interest as well as high-level feedback from leading members of the domestic and international public safety sectors. Inspired by the response, the Company has further accelerated its efforts towards product evaluation trials, documentation and marketing, all of which will ultimately support a commercial sales launch anticipated for the second half of 2017.
Currently, the Company's NForce CMR1000 covert concealed weapons system prototype development program is continuing to lead towards a fully integrated alpha demonstration product. Preparations for a series of upcoming field studies employing real-world threat scenarios will include the participation of several leading Canadian and U.S. commercial and public sector partners, which will help evaluate NForce alpha product performance through Q1 2017.
Operationally, NForce utilizes an onboard digital library of patterns or "signatures" of known weapons and related threat objects. This proprietary library is designed to automatically grow via regular software updates across installed device networks. The Company is very pleased to note that agreements with key law enforcement partners has led to an extensive influx of weapons data, which will help ensure the first NForce product to market will deliver a high-grade threat assessment capability unlike anything else available today.
The Company is also pleased to report considerable fourth quarter momentum with regards to execution of its strategic plan, and is consistently delivering on its product and market development milestones.
For details regarding NForce updates, Patriot One developments, and management information, please visit: www.patriot1tech.com.
ON BEHALF OF THE BOARD
CEO & Director
About Patriot One Technologies, Inc. (TSX VENTURE: PAT) (OTC PINK: PTOTF) (FRA: OPL)
Patriot One is advancing five years of academic research and successful testing into a commercial first-of-its-kind Cognitive Microwave Radar concealed weapons detection system. The Company's NForce CMR1000 aims to Deter, Detect and Defend against active shooter threats before they occur. NForce CMR1000 can be cost-effectively installed in hallways and doorways to covertly identify weapons and to alert security of active threats before entry. Soon, facility operators will have an ability to prominently post anti-weapons policies with compliance assured. Patriot One believes widespread use of its technology could act as an effective deterrent, thereby diminishing the epidemic phenomena of active shooters across the nation and around the world. For more information, visit: www.patriot1tech.com and watch the video.
CAUTIONARY DISCLAIMER STATEMENT:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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.