Breaking #Defense
Stock News: Patriot One (TSX.V: $PAT) (OTCQB:
$PTOTF) Explores Strategic
Relationship with Tier 1 Integrator
(TSX.V: $PAT)
(OTCQB: $PTOTF) advances concealed
weapons detection opportunity with global partner
TORONTO, ON April 26,
2017) – Patriot One
Technologies Inc., (TSX.V:
PAT) (OTCQB:
PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the
“Company”), developer of a revolutionary award-winning concealed weapons
detection system, is pleased to announce its entry into an agreement with a
strategic industry partner aimed at significantly broadening its ongoing
product commercialization activities.
The opportunity is being
undertaken with a well-established and industry leading organization recognized
as a Tier 1 Systems Integrator with offices and facilities around the globe.
Patriot One has entered into an agreement which provides for a technical
evaluation by both parties to identify operational efficiencies and
opportunities employing Patriot One’s concealed weapons detection software and
related hardware components. This will be accomplished through a series of
integration tests with the partner.
Both
parties have indicated a willingness in principle to enter into a Value-Added
Reseller (VAR) relationship whereby Patriot One may appoint the partner as a
sales representative for several potential major markets. The terms and
conditions of such a commercial relationship are planned for discussion
throughout the evaluation period.
Company CEO Martin
Cronin notes, “Working with major commercial partners exactly aligns with our
business model, as it offers extraordinarily attractive opportunities to propel
our product roll-out and holds the potential to drive significant awareness of
our product’s ability to decrease the menace of random public violence. We are benefitting
from a period of intensifying interest and have greatly appreciated inquiries
from a number of leading integrators, major potential distributors and
resellers from literally around the globe. We attribute much of this interest to
our recent and highly successful award-winning debut at ISC West in Las Vegas. It’s
an exciting time at Patriot One and we thank everyone for their ongoing
commitment and interest in our endeavour.”
ON BEHALF OF THE BOARD
“Martin
Cronin"
President & Director
President & Director
About
Patriot One Technologies, Inc. (TSX.V:PAT) (OTCQB: PTOTF) (FRA: 0PL):
Patriot
One has developed PATSCAN™ the next generation of its award-winning Patriot One
Technologies™ NForce CMR1000 software and radar solution. PATSCAN™ is a
first-of-its-kind Cognitive Microwave Radar concealed weapons detection system
as an effective tool to combat active shooter threats before they occur.
Designed for cost-effective deployment in weapon-restricted buildings and
facilities, the Patriot One software solution and related hardware can be
installed in hallways and doorways to covertly identify weapons and to alert
security of an active threat entering the premises. 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.
For further information, please
contact:
Patriot
One Inquiries
+1
(888) 728-1832
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.
Neither
the 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.
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