Tuesday, March 17, 2020

#Drone #Stocks Snapshot: Significant #UAV Growth Expected as #Coronavirus Drives Deployment (NASDAQ: $AVAV) (CSE: $DFLY.C) (OTCQB: $DFLYF) (TSXV: $FLT.V) (NASDAQ: $AMZN)

#Drone #Stocks Snapshot: Significant #UAV Growth Expected as #Coronavirus Drives Deployment (NASDAQ: $AVAV) (CSE: $DFLY.C) (OTCQB: $DFLYF) (TSXV: $FLT.V) (NASDAQ: $AMZN)

Point Roberts WA, Delta, BC – March 17, 2020 - Investorideas.com, a leading investor news resource covering UAV and drone stocks releases a sector snapshot featuring Draganfly, Inc., (CSE: DFLY) (OTCQB: DFLYF), reporting on how drone and UAV companies are accelerating production and solidifying contracts in anticipation of a significant growth year for the industry.


According to the "Drones in the Global Power and Utilities Industry, Forecast to 2030" report, “Drones or unmanned aerial vehicles (UAVs) are currently finding application opportunities across various commercial businesses and are poised to impact multiple industry verticals in various capacities. Drone applications are emerging in various sectors such as agriculture, mining, oil and gas (O&G), construction, utilities and safety & security.”

The report continued, “Technological advancements are making it easier to execute complex and diverse data gathering exercises. Innovation in packaged software products and data visualization makes the process more accessible, efficient and convenient to end-users. The evolution of drones over the last 5 years and the convergence of AI, technological innovations, analytics, and IoT will drive the widespread adoption of drone technology over the course of the next decade.”

This, combined with the  coronavirus (COVID-19) global pandemic which is forcing many governments and companies to re-evaluate the usefulness and necessity of unmanned aerial devices as global populations are being forced indoors, is driving the industry to boost production and shore-up purchase contracts in anticipation of a year full of high demand.

With headlines like “Using drones to detect coronavirus? It’s not as crazy as it sounds,” investors are taking a closer look at drone technology and companies such as Draganfly in the sector.  

Breaking news comes from AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) with a market cap of over $1 Billion and Draganfly, Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8), an award-winning, industry-leading manufacturer within the commercial unmanned aerial systems (“UAS”), remotely piloted aircraft systems (“RPAS”), and unmanned vehicle sectors. They just announced a teaming agreement for Draganfly’s distribution of AeroVironment’s Quantix Mapper systems to commercial markets worldwide. The agreement also includes the continuation of other contract engineering services provided by Draganfly to AeroVironment.

Under the teaming agreement, AeroVironment will provide Draganfly with sales, marketing collateral and product technical support for the Quantix Mapper system. Draganfly will provide e-commerce, enterprise and direct sales operations, and oversee development of a network of resellers and strategic distribution partners worldwide.

Draganfly and AeroVironment completed this teaming agreement in advance of the fast approaching agricultural season in the Northern Hemisphere. Draganfly plans to expand commercial distribution of Quantix Mapper to the Southern Hemisphere over the next year, and to other industries including environmental resource management, oil & gas, construction, insurance, and public safety.

“Quantix Mapper represents the combination of drone operation, high-resolution imaging and geo-tagging into the first ‘drone as an app’ solution that makes data collection as easy as using a tablet computer,” said Rick Pedigo, AeroVironment Vice President of Sales and Business Development. “As a leader in the commercial and first responder drone market, Draganfly is uniquely positioned to deliver the value of Quantix Mapper to customers in multiple market segments to help save lives, protect property, increase productivity and enhance safety.”

“Draganfly has been manufacturing and distributing innovative, multi-rotor and fixed wing drones for commercial applications around the world for 22 years. We were truly impressed with the ease of use, performance, and reliability of AeroVironment’s hybrid Quantix Mapper system,” said Patrick Imbasciani, Draganfly’s Chief Operating Officer.

Patrick Imbasciani, went on to say “Flying 400 acres in less than 45 minutes on one battery is remarkable. Programming flights by simply drawing a shape on a tablet screen map, selecting an altitude, and following a few prompts, is so easy. Built in visual and multispectral sensors and the ability to take off and land almost anywhere, allow this drone to be used for a variety of applications right out of the box. Equally exciting, is the competitive price.”

Quantix Mapper is a simple to use drone, empowering users through its fully-automated operation and instant insight. Its hybrid design allows the aircraft to launch vertically and transition to horizontal flight, maximizing aerodynamic efficiency and range. Users can immediately view high resolution imagery on the included Operating Tablet – no other devices, internet connection or additional software required. With the touch of a button, users can quickly and safely generate up-to-date maps for infield assessment. Whether assessing crop health during key stages, or damage from storm, flood or fire, Quantix Mapper makes it easy to gather accurate images across a large area and assess and react to the situation with precision and speed.



For more information and to order Quantix Mapper, please visit:

Drone Delivery Canada Corp. (TSXV: FLT)(OTCQX: TAKOFannounced on March 4, 2020, further to its press release dated October 23, 2019, that implementation of the DSV Air & Sea Inc. Canada project is well underway and is expected to be operational in March 2020.

On October 23, 2019, DDC announced that it had entered into a commercial agreement with DSV, through its sales agent Air Canada, to provide its drone delivery platform for the use of DSV commencing at DSV's head office in Milton, Ontario. Infrastructure equipment (including DroneSpotTM depots, Battery Management Systems, and Sparrow drones) is currently being installed and numerous successful test flights have already been conducted. The Company expects to begin full operational and revenue-generating flights pursuant to the terms of the Agreement in March 2020. After the initial on-premises route is operational, the Company expects multiple subsequent inbound/outbound routes for DSV's customers with time-sensitive cargo.

"This will be a major milestone for the Company - our first operational, commercialized customer and first revenue. DSV is a global leader in the logistics industry and a perfect fit as a long-term, scalable customer for us," said Michael Zahra, President & CEO of DDC. "DDC continues to lead the drone logistics industry and we have a very strong funnel of global opportunities and expect to see continued customer announcements in 2020 for deployment & revenue generation this year."

Customers pay DDC a monthly fee for each drone route deployed, pursuant to the terms of their respective agreements.

Northrop Grumman Corp (NYSE: NOCrecently announced that the company is pushing for Australia to acquire Triton maritime surveillance drones earlier than planned, after a draft US defence budget proposed a two-year pause in production.

Australia is the only foreign customer for the remotely piloted aircraft, after Germany scrapped a plan in January to buy the Triton drones.

“The proposed pause provides options for Australia to buy the drones cheaper, and hasten opportunities for local suppliers, if it helps to fill the production gap,” said Doug Shaffer, the Vice President of the firm's Triton program.

"The price is a significant savings to Australia," he told reporters, but gave no further details.

A spokesman for Australia's defence department said it was aware of the budget request to the US Congress and was discussing the impact of the proposed pause with the US Navy and Northrop Grumman.

"Until the legislation is approved, the pause on Triton funding is not confirmed," the spokesman added.

Budget papers for fiscal 2021 that were released last month for the US defense department include a two-year production pause for the US Navy in FY2021 and FY2022.

The drones would help boost monitoring activities by Australia, which has the world's third-largest exclusive economic zone after France and the United States, and the world's largest maritime search and rescue region, sprawling over a tenth of the earth's surface.

In 2018, Australia announced plans to invest A$1.4 billion ($921.48 million) to acquire the first of six of the remotely piloted aircraft to step up its anti-submarine warfare and maritime strike capability, alongside its fleet of manned Boeing Co P-8A Poseidon planes.

As part of its investment, Australia entered into a A$200 million cooperative program with the US Navy to develop, produce and maintain the Triton aircraft.

At the time, Australia said it expected the first aircraft to be introduced into service in mid-2023 and all six delivered by late 2025.

“The proposed pause in US production raises the risk that the US Navy will not complete its order for 68 aircrafts, leading to a higher cost for Australia with future improvement costs spread over a far smaller fleet,” said defence analyst, Marcus Hellyer.

"The sunk cost fallacy suggests it could be better to cut our losses and get out now, even if we have spent hundreds of millions already," Hellyer, a senior analyst for Defence Economics and Capability at the Australian Strategic Policy Institute (ASPI), said on its website.

“As of yet, Australia has made no decision to defer any portions of the Triton programme,” the defence spokesman said.

"There are no Australian Tritons currently in production, and no decision has been made by the Australian government to defer elements of the Triton programme," he added.

While overall stock markets have been plummeting, Amazon.com Inc. (NASDAQ: AMZN) stocks have seen a rise as the world seeks to prepare for months indoors. This company has set itself up well for such a crisis with drone delivery, which was discussed in a recent article as governments and companies assess the feasibility of this approach, and nearly fully automated fulfillment centers are placed strategically around the world.

As climate conditions change, global pandemics force a reassessment of security and safety, and technology becomes more affordable and diverse, drone delivery technology companies stand to have an aggressive year in 2020. However, this will depend heavily on these companies taking the proper steps now with regards to production and deployment. 2020 very well could be the year where unmanned vehicles finally take center stage, rather than hovering on the sidelines.

Research more drone stocks at Investorideas.com tech stocks directory

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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: this news article featuring DFLY is a paid for news release on Investorideas.com – third party (two thousand) 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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Wednesday, March 11, 2020

#Defense #Stock News: A2Z Technologies Canada (TSXV: $AZ.V) (FSE: A23.F) Awarded Additional Contract with Israel Electric Company; @A2Z_Advanced


#Defense #Stock News: A2Z Technologies Canada (TSXV: $AZ.V) (FSE: A23.F) Awarded Additional Contract with Israel Electric Company; @A2Z_Advanced



Vancouver, BC - March 11, 2020 (Investorideas.com Newswire, Homelanddefensestocks.com) A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV:AZ.V) (FSE:A23.F), a pioneer in military robotics, services, and innovation in the auto industry, announced today a new contract with the Israel Electric Company (IEC).


A2Z has three prior pre-existing contracts with the IEC for various products and services. This new contract is for additional services for systems not covered under the scope of the other existing contracts between the IEC and A2Z and is an important expansion of the scope of services that A2Z provides to the IEC.

This contract is priced on a variable-basis determined by the needs of the IEC. A2Z has exclusivity with respect to service as well as the supply of hardware and parts used in service. A2Z's anticipated profit margin before taxes is estimated at approximately 30%.
The contract and exclusivity are for 2 years beginning March 2020, with a significant potential of winning subsequent future contracts.

Mr. Bentsur Joseph, CEO of A2Z stated, "After winning the first three contracts with the IEC, we began providing our services under the scope of our existing agreements. Being satisfied with our performance, and the performance of our products, the IEC has awarded us this additional contract, thereby expanding the scope of our relationship."

Bentsur continued, "We are very proud of the further validation of A2Z's business model, with this add-on contract for the national electric company of the State of Israel and A2Z. This is another important step for A2Z which will generate additional revenue as well as additional value for our shareholders. It reaffirms our commitment to produce cutting edge technology on the one hand and generate revenue on the other hand, thereby providing our shareholders with a solid revenue generating company as well as the potential of our breakthrough technologies all at once."

Benstur concluded by saying, "Our list of triple A clients such as the IEC, validates our knowhow, products, technology and services, and we will continue to work vigorously to expand the scope of our business and provide value for our shareholders."

The Israel Electric Corporation (IEC) is a public, government-owned company tasked with generating and supplying electricity to all sectors in the economy. The IEC's activities include the generation, transmission, transformation, distribution, and sale of electricity. The IEC owns and operates 17 power stations with 61 generating units including: 16 steam-driven, 31 gas turbines and 14 combined-cycle units. IEC's installed capacity stood at 13,335 MW. The IEC supplies reliable and high-quality electricity while complying with leading service standards and maintaining economic, commercial and environmental principles. The IEC employs approximately 11,476 workers and provides services to 2.8 million customers across Israel.

BUSINESS OF 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.

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

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 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
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.

SOURCE: A2Z Technologies Canada Corp.

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:
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Tuesday, March 10, 2020

#Security #Stocks in the News: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Secures Contract for Correctional Service Canada from Innovative Solutions Canada, @patriot1tech

#Security #Stocks in the News: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Secures Contract for Correctional Service Canada from Innovative Solutions Canada, @patriot1tech

Program to fund deployment and evaluation of PATSCAN Platform, including its video fight detection module

TORONTO, ON March 10, 2020 – (Investorideas.com Newswire, Homelanddefensestocks.com)-- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF)   (FRANKFURT: 0PL) is pleased to announce it has been awarded a contract for the PATSCAN Multi-Sensor Covert Threat Detection Platform (the "PATSCAN Platform") by Innovation Solutions Canada (ISC) for Correctional Service Canada (CSC).  The contract will include the purchase, deployment and evaluation of the PATSCAN Platform, including the video fight and disturbance detection module. Deployment of the PATSCAN Platform will begin with Correctional Service Canada (CSC) in March 2020 at an undisclosed location.


The contract from Innovative Solution Canada (ISC), was awarded to Patriot One for its PATSCAN Platform, with specific interest around the Video Object Recognition Software (VRS) solution for the detection of visible make-shift knives, cellphones, as well as disturbances and fights, all of which have been issues with correction facilities and their management teams. The Platform was evaluated and pre-qualified under the ISC’s Testing Stream, formerly named the Build in Canada Innovation Program (BCIP).   The Testing Stream helps connect Canadian innovators with federal government departments that are willing to test their innovation and provide innovators with valuable testing feedback.

“We’ve been working with Innovative Solutions Canada Program, formerly BCIP, on this project, prior to being acquired by Patriot One in December 2018,” shared Dr. James Stewart, SVP Video Analytics at Patriot One.  “We are excited to be part of the program to demonstrate our capabilities to not only detect concealed and visible threat objects with our PATSCAN Platform, but also help correctional facility management and guards quickly detect fights and disturbances that at times breakout between inmates.”

Patriot One’s business development and engineering teams have begun work with teams at ISC and Correctional Service Canada (CSC) on the production of the PATSCAN Platform, which will be delivered for installation and deployment at an undisclosed facility beginning March 2020.   Following onsite testing and evaluation, Patriot One, and CSC will discuss the possibility of expanding the Platform deployment across Canada. 

Respectfully

 “Martin Cronin”

Martin Cronin, CEO

About Patriot One Technologies Inc.
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.comor follow us on Twitter and Facebook.

About Innovative Solutions Canada (ISC)
Innovative Solutions Canada helps Canadian innovators by funding R&D and testing prototypes in real-life settings.  The program operates two streams with a combined funding of over $140 million dedicated to Canadian innovators who want to start, grow, and get to market.

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                                                                         
scott@prmedianow.com

Innovation Solutions Canada (ISED)
Ottawa Headquarters
Telephone: 343-291-1777
Business hours: 7:30 a.m. to 5:30 p.m

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.

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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Monday, March 9, 2020

Breaking #Defense #Stock News -Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Secures Contract for Correctional Service Canada from Innovative Solutions Canada, @patriot1tech


Breaking #Defense #Stock News -Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Secures Contract for Correctional Service Canada from Innovative Solutions Canada, @patriot1tech

Program to fund deployment and evaluation of PATSCAN Platform, including its video fight detection module


TORONTO, ON March 9, 2020(Investorideas.com Newswire, Homelanddefensestocks.com )-- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF)   (FRANKFURT: 0PL) is pleased to announce it has been awarded a contract for the PATSCAN Multi-Sensor Covert Threat Detection Platform (the "PATSCAN Platform") by Innovation Solutions Canada (ISC) for Correctional Service Canada (CSC).  The contract will include the purchase, deployment and evaluation of the PATSCAN Platform, including the video fight and disturbance detection module. Deployment of the PATSCAN Platform will begin with Correctional Service Canada (CSC) in March 2020 at an undisclosed location.


The contract from Innovative Solution Canada (ISC), was awarded to Patriot One for its PATSCAN Platform, with specific interest around the Video Object Recognition Software (VRS) solution for the detection of visible make-shift knives, cellphones, as well as disturbances and fights, all of which have been issues with correction facilities and their management teams. The Platform was evaluated and pre-qualified under the ISC’s Testing Stream, formerly named the Build in Canada Innovation Program (BCIP).   The Testing Stream helps connect Canadian innovators with federal government departments that are willing to test their innovation and provide innovators with valuable testing feedback.

“We’ve been working with Innovative Solutions Canada Program, formerly BCIP, on this project, prior to being acquired by Patriot One in December 2018,” shared Dr. James Stewart, SVP Video Analytics at Patriot One.  “We are excited to be part of the program to demonstrate our capabilities to not only detect concealed and visible threat objects with our PATSCAN Platform, but also help correctional facility management and guards quickly detect fights and disturbances that at times breakout between inmates.”

Patriot One’s business development and engineering teams have begun work with teams at ISC and Correctional Service Canada (CSC) on the production of the PATSCAN Platform, which will be delivered for installation and deployment at an undisclosed facility beginning March 2020.   Following onsite testing and evaluation, Patriot One, and CSC will discuss the possibility of expanding the Platform deployment across Canada. 

Respectfully

 “Martin Cronin”

Martin Cronin, CEO

About Patriot One Technologies Inc.
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.comor follow us on Twitter and Facebook.

About Innovative Solutions Canada (ISC)
Innovative Solutions Canada helps Canadian innovators by funding R&D and testing prototypes in real-life settings.  The program operates two streams with a combined funding of over $140 million dedicated to Canadian innovators who want to start, grow, and get to market.

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                                                                        
scott@prmedianow.com

Innovation Solutions Canada (ISED)
Ottawa Headquarters
Telephone: 343-291-1777
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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.

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