3 Things You Should Know About Patriot One's Weapon Detecting Technology

Cyber Security Investing

Patriot One Technologies (TSXV:PAT) CEO Martin Cronin explains the upcoming release and the future uses of their cognitive microwave radar technology.

Patriot One Technologies (TSXV:PAT) CEO Martin Cronin explains the upcoming release and the future uses of their cognitive microwave radar technology.
Click on the video below for the full interview.

Patriot One Technologies CEO Martin Cronin: My name’s Martin Cronin, I’m the CEO of Patriot One Technologies. We’re a Canadian technology company that’s bringing forward a ground-breaking solution for public safety: cognitive microwave radar for concealed weapons detection. So, in other words, when somebody’s entering a building, a facility a stadium, a hospital, a school, you can tell if somebody is carrying a concealed gun, or knife, or bomb.
What are three important things investors should know about your company?
MC: Well, firstly, this truly is game changing. This isn’t simply a better way of doing what’s already being done. This is a revolutionary approach to screening people, to detect threats. Secondly, we’re about to launch. We have Industry Canada approval and we’re very close to having our US approval, which is what they call the FCC process, that allows us to step into the US market. That’s a really critical catalyst for us. We have a huge number of people across the world, waiting on this technology in four continents. We get inquiries everyday because everybody is aware of the threat of terrorism, the threat to public safety from mass shootings and people are looking for answers. Our technology provides an answer by being able to screen people and keep them safe wherever they gather.
What is one factor that makes your company unique?
MC: There’s nothing easy about this and people have been looking at the application of radar for weapons detection for a while without success. It’s not easily done. Our technology is based on seven years of research at McMaster University, led by the Canada research chair of high frequency electromagnetics, funded by NATO and by the Canadian Federal Government. We have an army of PhDs working on the core technology. So, it’s not easy, but we’ve done it, we’ve demonstrated it. We’re getting regulatory approval, we have commercial grade hardware, we have supply chain lockdown, we have distributors and, critically, we have customers.
What major near-term milestones or catalysts should investors be on the lookout for?
MC: Well, the big catalyst that we’re waiting on eagerly is FCC. This is the federal regulatory body in the US that governs electronic devices. Without that approval, you can’t sell in the US. You can have the best device in its category, but if you don’t have the approval, you can’t sell. That’s a key catalyst. We’ve demonstrated full compliance, we’re now waiting on the certification. Secondly, we’re beginning our commercial installations with paying customers. These are the well-known brand names, well-known institutions, and they will be buying the technology. We will be installing the technology so then people can say: “Okay, it’s out there, it’s in the real world, it’s with real customers, I get it.” So that’s a really key catalyst that I think our investors have been waiting on.

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