Tuesday, February 11, 2020

#Defense #Stock News- A2Z Technologies Canada Corp. (TSXV: $AZ.V) Awarded $1.5M, Three-Year Contract with Israel’s Ministry of Defense; @A2Z_Advanced

#Defense #Stock News- A2Z Technologies Canada Corp. (TSXV: $AZ.V) Awarded $1.5M, Three-Year Contract with Israel’s Ministry of Defense; @A2Z_Advanced




Vancouver, BC, February 11, 2020 –(Investorideas.com Newswire, Homelanddefensestocks.com) A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today that the Israeli Ministry of Defense (“MOD”) has awarded the Company a three-year contract for CAN $1.5 million that will be paid over the life of the contract.


Under the terms of the contract the Israeli MOD will be leasing A2Z’s products and equipment for which A2Z will be responsible for maintenance for the duration of the contract. The equipment will remain the property of A2Z throughout. At the end of the contract the company will be able to determine how to best position the assets going-forward. There is also significant potential for a new contract for the same services #following the end of the three-year contract period.

“We are extremely pleased to have been awarded this contract and the continued strength we are seeing in our technologies and service businesses. This contract is not only a significant source of recurring revenues for the next three years but also deepens our relationship with one of our most long-standing government partners. A2Z and the Israeli MOD have been working together for decades now, and with our new innovative FTICS technology, which we believe is "the next seatbelt" to make automobiles safer than ever, we look forward to continue protecting the lives of both military and civilian populations in future decades as well.” said Bentsur Joseph, CEO of A2Z.

Israel’s Ministry of Defense is the governmental department responsible for Israel’s security at the political, military, and civilian levels with their primary objective being to ensure the safety of Israel. The MOD also promotes research and development in security technologies and supports veterans and their families.

More on Israel’s Ministry of Defense:

About A2Z
A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets. A2Z has been operating for over 30 years and has a client base with 75 recurring clients, including the Israel Defense Forces, Security Forces, and Ministry of Defence among others. A2Z plans to leverage their cash flow-generating core-business to expand into the civilian robotics and automobile markets.

According to Zion Market Research, the Military Robotics space is expected to reach $53.93B by 2027 for a projected CAGR of 13.5%.(Summary of Report)

Highlights:
Core Business: A2Z's line of products include unmanned remote-controlled vehicles of various sizes designed for intricate bomb disposal, counter terrorism, and fire fighting, as well as energy storage power packs/generators. A2Z also provides maintenance services to both external and in-house complex electronic systems and products to over 75 clients.

A2Z has been an Israel Ministry of Defense contractor for over 30 years and a significant portion of its business is long-term service contracts.

Expansion into Civilian Markets: To drive growth, A2Z plans to adapt its military technologies for the much larger civilian markets. One patent-pending product is a capsule (FTICS) that prevents vehicle fires resulting from collisions. A2Z has also been granted a patent for a smart vehicle cover device that protects automobiles from natural elements while the vehicle is parked and is stowed away safely in the vehicle's bumper when not in use.

Fuel Tank Inertia Containment System (FTICS): In the event of a collision, the FTICS installed into the fuel tank prevents the ignition of fuel, thereby mitigating the spread of fire and explosion, minimizing risk to human life and property damage. According to the NFPA, from 2014 to 2016, an estimated 171,500 highway vehicle fires occurred in the United States, resulting in an annual average of 345 deaths, 1,300 injuries, and $1.1 billion in property loss annually.

Management: CEO Bentsur Joseph's previous venture, Comfy Interactive, was acquired by Shamrock Holdings, the family investment firm founded by Roy Disney. Previously, Bentsur Joseph was the chairman of Elad Hotels whose holdings include the Plaza Hotel in New York City.  Bentsur Joseph has a ~64% ownership stake in the business with 30,000,000 shares subject to an escrow agreement.

For more information regarding A2Z, please visit the Company's website at www.a2zas.com.
Twitter: 
@A2Z_Advanced

On Behalf of the Board,Bentsur Joseph, CEO

Investor Relations ContactTrenton Kwan, KIN Communications
Toll Free: 1-866-684-6730
az@kincommunications.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.

A2Z Technologies Canada Corp (TSXV: AZ) is a featured security and defense stock on Investorideas.com. Visit the profile page to learn more
News Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure - A2Z Technologies Canada Corp. is a paid news and social media client on Investor Ideas starting February 4, 2020 More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
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Monday, February 10, 2020

Breaking #Defense #Stock News - Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Appoints Chartered Professional Accountant Lea M. Ray to its Board of Directors, @patriot1tech

Breaking #Defense #Stock News - Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Appoints Chartered Professional Accountant Lea M. Ray to its Board of Directors, @patriot1tech



TORONTO, ON – February 10, 2020 (Investorideas.com Newswire, Homelanddefensestocks.com ) -- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF)   (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCAN™ Multi-Sensor Covert Threat Detection Platform, is pleased to announce the appointment of  Lea M. Ray to its Board of Directors.


Lea M. Ray is a Chartered Professional Accountant ("CPA") and brings with her a great deal of corporate leadership and financial management experience. She is a both a CPA and ICD.D certified director and she will Chair the Company's Audit Committee. Lea is a seasoned board member who serves on multiple boards for public, private and not-for-profit organizations in leadership roles, including chair of audit committees for several TSX listed companies. Her knowledge of board governance, regulatory affairs and capital markets makes her an ideal candidate for the Audit Committee Chair position. Lea’s financial experience with global corporations began with PricewaterhouseCoopers and she is a former Vice-President Corporate Finance of Warner Bros. Entertainment Canada Inc. Her education includes a Bachelor of Commerce from Odette School of Business, University of Windsor, Ontario, Canada. In her free time, Lea is a member of the Ontario Beekeepers’ Association and a volunteer for several other conservation/environmental groups.

“We are excited to add Lea to our Board of Directors and to Chair our Audit Committee,” expressed Peter van der Gracht, Chairman of the Board of Patriot One. “Lea’s extensive strategic and business judgement, gained particularly through her previous board chair and committee chair roles on TSX-listed companies, makes her an ideal fit for this deployment and growth phase of Patriot One.  In addition to the Audit Committee, Lea will become a member of the Board’s Governance Committee, and will help ensure the Company stays compliant with regulatory, capital and accounting practices.” 

“I am honored to be joining the board of such an impressive, innovative and forward-thinking company” explained Lea Ray. “Being part of a team creating the solutions to address and pre-emptively stop terrorist and active assailant tragedies the world has suffered from these past few decades is very humbling.  I look forward to working with such a distinguished and passionate board, leadership team and staff in making Patriot One’s global vision of building safer communities a reality.”

Lea Ray began her duties as a Director on Patriot One’s Board last Friday, February 7, 2020.

On Behalf of the Board,

“Peter van der Gracht”

Peter van der Gracht
Chairman of the Board  

About Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):
Patriot One’s mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.

For further information, please contact:

Patriot One Technologies Inquiries
info@patriot1tech.com

Investor Relations
John Martin, Patriot One Technologies                         
+1 (888) 728-1332                                         
johnm@patriot1tech.com                                           
                             
Media Contacts:
Scott Ledingham, Patriot One Technologies                           
+1-613-806-7135                                           

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 system sales, product development, board composition, 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. 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 regulators. 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.

News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring TSX: PAT is a paid for news release on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
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Thursday, February 6, 2020

#Military #Robotics #Stock News (TSXV: $AZ.V) - A2Z Technologies Canada Provides Update on Life Saving Automotive Innovations: FTICS; @A2Z_Advanced

#Military #Robotics #Stock News (TSXV: $AZ.V) - A2Z Technologies Canada Provides Update on Life Saving Automotive Innovations: FTICS; @A2Z_Advanced 



TEL AVIV, ISRAEL, February 6, 2020 – (investorideas.com Newswire, Homelanddefensestocks.com) A2Z Technologies Canada Corp., (TSXV:AZ.V), a pioneer in military robotics and innovation in the automotive industry, recently reported  filing  an additional technology patent as it continues the development of the Fuel Tank Inertia Capsule System (FTICS), and is aiming for installations to commence in 2020 to help save lives in the event of fires from vehicle collisions.


The FTICS is a patented 3-part system that deploys in the event of a vehicle collision. On collision, the FTICS releases a proprietary chemical mixture into the gas tank, neutralizing the contents rendering them inert and non-flammable. The gas tank is also isolated to ensure none of the contents leak. The final component of the FTICS system forces all the oxygen out of the gas tank to further limit the possibility of fire.

The FTICS requires no additional sensors as it is triggered by the same sensors that trigger the deployment of the vehicle's airbag.

An in-depth video on how the FTICS works can be found here: Click Here

Mr. Bentsur Joseph, CEO of A2Z, highlights, "A2Z is a tier-one approved supplier to the Israeli Ministry of Defense. Our certifications and qualifications are second to none, and it is hard to describe just how excited we are about bringing this technology to mass markets. We look forward to bridging this last safety frontier and helping keep passengers and first responders safer in the event of life threatening vehicle collisions. We hope to save many lives and bring our shareholders healthy profits in the process. The FTICS is good for the world, the environment, and for our shareholders as well."

According to the NFPA, for the five year period from 2014 to 2018, an estimated 864,000 highway vehicle fires occurred in the United States that resulted in 1925 civilian deaths and ~US$6.45B in property damage. The Fuel Tank Inertia Capsule System (FTICS) takes technology developed for military vehicles and looks to solve the problem of collision-related vehicle fires for non-military markets.

About A2Z
A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets. A2Z has been operating for over 30 years and has a client base with 75 recurring clients, including the Israel Defense Forces, Security Forces, and Ministry of Defence among others. A2Z plans to leverage their cash flow-generating core-business to expand into the civilian robotics and automobile markets.

For more information regarding A2Z, please visit the Company's website at www.a2zas.com
Twitter: @A2Z_Advanced  

On Behalf of the Board,
Bentsur Joseph, CEO

Investor Relations Contact
Trenton Kwan, KIN Communications
Toll Free: 1-866-684-6730

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.

SOURCE: A2Z Technologies Canada Corp.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure - A2Z Technologies Canada Corp. is a paid news and social media client on Investor Ideas starting February 4, 2020 More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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Investorideas.com - Artificial Intelligence and Security News: Patriot One's (TSX: $PAT.TO) (OTCQX: $PTOTF) Xtract.ai Division Secures $975,000 Contract for Department of National Defense

Investorideas.com - Artificial Intelligence and Security News: Patriot One's (TSX: $PAT.TO) (OTCQX: $PTOTF) Xtract.ai Division Secures $975,000 Contract for Department of National Defense

Wednesday, February 5, 2020

#Security #Stock News - A2Z’s (TSXV: $AZ.V) Life Saving FTICS #Technology Coverage on Prime Time National TV News, @A2Z_Advanced


#Security #Stock News - A2Z’s (TSXV: $AZ.V) Life Saving FTICS #Technology Coverage on Prime Time National TV News, @A2Z_Advanced

Association for Safer Driving in Israel Encourages Israel to Mandate A2Z's FTICS to Save Lives on the Road


VANCOUVER, BC (Investorideas.com Newswire, Homelanddefensestocks.com) A2Z Technologies Canada Corp. ("A2Z" or the "Company") ( TSXV:AZ.V) recently reported  that their proprietary, patent pending Fuel Tank Intelligent Containment System (FTICS) received coverage on Israel's nationwide news network and a strong endorsement from the Or Yarok Association for Safer Driving in Israel, encouraging the appropriate bodies to mandate the system to save lives from fires caused by automobile collisions.


The televised segment, featured on Kan 11, highlighted Israel's 3,000 vehicle fires annually and showcased a detailed explanation of how the FTICS technology works. It included footage of some of A2Z's other products and was shot on-location at A2Z's lab in Israel.

Oz Dror, VP of Strategy and Communications of the Or Yarok Association stated, "At an accident every second is critical. This large number, eight vehicles a day, means that the state has to demand that new vehicles entering the market must install these systems, as this will prevent loss of lives."

The online version of the broadcast subtitles can be found here: YouTube (Hebrew with English Subtitles)

Bentsur Joseph, CEO of A2Z Technologies, noted: "We are thrilled to be featured in Kan's primetime broadcast and understand how important this public validation is for our technologies as they move closer to market. Kan 11 is like the BBC of Israel and the value of such a media platform to tell our story cannot be underestimated. We welcome the media and public interest in our lifesaving technologies, and we are delighted to have been profiled."

The FTICS is a patented system that deploys in the event of a vehicle collision releasing a proprietary chemical mixture into the gas tank, neutralizing the contents rendering them inert and non-flammable. The FTICS requires no additional sensors as it is triggered by the same sensors that trigger the deployment of the vehicle's airbag and can be retrofitted or installed in any fuel tank.

On the scale of the opportunity in Israel Bentsur Joseph commented: "While the FTICS will be available for retrofit for any fuel tank, having our system become mandatory represents an astounding opportunity for our Company which we will aggressively pursue. In addition to the 3.5M civilian vehicles currently registered on the road, in 2018 over 250,000 new vehicles entered the market in Israel. We believe some of our long-standing customers can certainly benefit from adopting this recommendation, and we look forward to bringing this life saving technology to civilians across Israel as a stepping-stone to additional markets."

A full video explainer of the FTICS technology can be found here: https://vimeo.com/385098839

*About Or Yarok Association

The Or Yarok Association for Safer Driving in Israel, known simply as Or Yarok (Hebrew: אור ירוק‎, "Green light")), is a not-for-profit traffic safety lobbyist organization dedicated to reducing road accidents in Israel through education, enforcement and improvement of infrastructure. More information on Or Yarok can be found here: https://www.oryarok.org.il/ (Hebrew)

More info on Israel's Automotive Market:



About A2Z
A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets. A2Z has been operating for over 30 years and has a client base with 75 recurring clients, including the Israel Defense Forces, Security Forces, and Ministry of Defence among others. A2Z plans to leverage their cash flow-generating core-business to expand into the civilian robotics and automobile markets.

According to Zion Market Research, the Military Robotics space is expected to reach $53.93B by 2027 for a projected CAGR of 13.5%.(Summary of Report)

Highlights:

Core Business: A2Z's line of products include unmanned remote-controlled vehicles of various sizes designed for intricate bomb disposal, counter terrorism, and fire fighting, as well as energy storage power packs/generators. A2Z also provides maintenance services to both external and in-house complex electronic systems and products to over 75 clients.

A2Z has been an Israel Ministry of Defense contractor for over 30 years and a significant portion of its business is long-term service contracts.

Expansion into Civilian Markets: To drive growth, A2Z plans to adapt its military technologies for the much larger civilian markets. One patent-pending product is a capsule (FTICS) that prevents vehicle fires resulting from collisions. A2Z has also been granted a patent for a smart vehicle cover device that protects automobiles from natural elements while the vehicle is parked and is stowed away safely in the vehicle's bumper when not in use.

Fuel Tank Intelligent Containment System (FTICS): In the event of a collision, the FTICS prevents the ignition of fuel, thereby mitigating the spread of fire and explosion, minimizing risk to human life and property damage. According to the NFPA, from 2014 to 2016, an estimated 171,500 highway vehicle fires occurred in the United States, resulting in an annual average of 345 deaths, 1,300 injuries, and $1.1 billion in property loss annually.

Management: CEO Bentsur Joseph's previous venture, Comfy Interactive, was acquired by Shamrock Holdings, the family investment firm founded by Roy Disney. Previously, Bentsur Joseph was the chairman of Elad Hotels whose holdings include the Plaza Hotel in New York City. Bentsur Joseph has a ~64% ownership of the Company.

For more information regarding A2Z, please visit the Company's website atwww.a2zas.com.

Twitter: @A2Z_Advanced

On Behalf of the Board,
Bentsur Joseph, CEO

Investor Relations Contact
Trenton Kwan, KIN Communications
Toll Free: 1-866-684-6730

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.

SOURCE: A2Z Technologies Canada Corp.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure - A2Z Technologies Canada Corp. Is a paid news and social media client on Investor Ideas starting February 4, 2020 More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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Breaking #Defense #Stock News - Patriot One’s (TSX: $PAT.TO) (OTCQX: $PTOTF) Xtract.ai Division Secures $975,000 Contract for Department of National Defense


Breaking #Defense #Stock News - Patriot One’s (TSX: $PAT.TO) (OTCQX: $PTOTF) Xtract.ai Division Secures $975,000 Contract for Department of National Defense

British Columbia-based #AI firm to work with Public Works and Government Services Canada



VANCOUVER, BC  – February 5, 2020 -- (Investorideas.com Newswire, Homelanddefensestocks.com ) Xtract Technologies Inc. (“Xtract.ai”), a subsidiary of Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF)  (FRANKFURT: 0PL), is pleased to announce it has secured a $975,000CAD Contract with Canada’s Department of National Defense through the Public Works and Government Services Canada Division.


The contract is for a project related to improving situational awareness for the Canadian Armed Forces (“CAF”) and security personnel using video analytics, artificial intelligence and augmented reality. This project will continue previous work completed by Xtract.ai for the CAF to develop technology solutions to augment the situational awareness of their soldiers and address the following challenges:
·        detect, recognize, and identify persons or objects of interest in a physical environment, and/or
·        track identified persons and objects of interest using seamless information sharing across a decision network.

Work will proceed in multiple phases, including the design, development and deployment of advanced machine learning models, proprietary data sets and integration with advanced visualization hardware.

“We’re very excited to leverage the Xtract.ai team’s expertise in video analytics, object detection and artificial intelligence with the Canadian Department of National Defense,” expresses Martin Cronin, CEO of Patriot One Technologies.  “With the work Xtract.ai has be doing with several clients, as well as on Patriot One’s PATSCAN Multi-Sensor Covert Threat Detection Platform, the team brings tremendous experience in video analytics and threat object detection and look forward to delivering a high-performing solution that we hope will augment our military personnel in their service to our country.”

For more details on the Public Work’s DND contract, please visit:  https://buyandsell.gc.ca/procurement-data/award-notice/PW-SV1-001-37327-001
The Xtract.ai team is already under way in the project’s design and development phase, and will make announcements, as required, on the progress of its efforts in achieving the goals of Canadian Department of National Defense.

About XTRACT TECHNOLOGIES INC - a subsidiary of Patriot One Technologies
Xtract.ai develops and commercializes artificial intelligence, machine learning, deep neural networks and predictive solutions utilizing advanced technology for public institutions and private enterprise. The firm has an award winning, highly skilled team that develops AI solutions to solve challenges across computer vision (CV), natural language processing (NLP), anomaly detection, and time-series analysis for applications ranging from security and defense to environmental solutions and healthcare. For more information on building your AI solution, visit: xtract.ai

About Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):
Patriot Ones' mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.

For further information, please contact:
Patriot One Technologies Inquiries
info@patriot1tech.com
www.patriot1tech.com

Investor Relations
John Martin, Patriot One Technologies
+1 (888) 728-1332
johnm@patriot1tech.com    
                                                                               
Media Contacts:
Scott Ledingham, Patriot One Technologies
+1-613-806-7135
scott@prmedianow.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 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. 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.

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