#Defense/ #AI
#Stock News - Patriot One’s (TSX: $PAT.TO)
(OTCQX: $PTOTF) Xtract AI Division Secures Contract for Department of
National Defence and Canadian Firefighters,
@patriot1tech. @NationalDefence
British Columbia-based AI firm to work with Public Works and Government Services Canada
VANCOUVER,BC–May 26,2020- Investorideas.com Newswire and Homelanddefensestocks.com -Patriot One Technologies
Inc. (TSX: PAT) (OTCQX:
PTOTF) (FRANKFURT: 0PL) wholly-owned subsidiary Xtract Technologies (“Xtract
AI”) is pleased to announce it has secured a $157,000 contract with
Canada’s Department of National Defence through the Public Works and Government
Services Canada Division, as part of the Innovative Solutions Canada Program
(ISC).
Read this
news featuring PATRIOT ONE in full at https://www.investorideas.com/news/2020/defense/05261TSXPAT-Xtract-AI-Division.asp
The contract is
for a project looking to provide better situational awareness for Canadian
firefighters. The outcome will be a solution that will provide innovative
devices, applications, personal protective equipment and technology to help
firefighters work in a more Head Up Hands Free (HU/HF) mode of operation on the
fire ground. Using Xtract AI’s expertise in artificial intelligence for video
and data analysis the project will aim to:
• integrate multiple sensors and biometric data feeds to
assess the health, status and safety of firefighters in the field
• detect objects and people in smoke, and predict flow path
and flashover using thermal and video imaging feeds in real time
• feed appropriate and necessary data back to incident
commanders and firefighters in the field through a combination of dashboards,
heads up displays, and haptic and audio feedback to increase efficiencies and
remove distractions
Work will proceed
in multiple phases, including the design and development of advanced machine
learning models, proprietary data sets and integration with advanced
visualization solutions.
“We’re
tremendously excited to be working on this project and thank the Innovative
Solutions Canada Program (ISC) for selecting us,” expresses Martin Cronin, CEO
of Patriot One. “Xtract AI’s knowledge of artificial intelligence, and data and
video analysis are an ideal match for this challenge, and we relish the
opportunity to put these into a solution that will assist Canadian firefighters
in being better informed, more efficient and, ultimately, safer.”
For more details
on the Public Work’s DND contract, please visit: https://buyandsell.gc.ca/procurement-data/award-notice/PW-SI-004-36861-001
The Xtract AI team
is already underway with 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
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, or potential health and safety
threats 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:
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.
Paid 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:
About
Investorideas.com
Sign up for free
stock news alerts at Investorideas.com