Tuesday, September 10, 2019

#Defense #Stock Update: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Acquires Artificial Intelligence #AI Company XTRACT Technologies Inc.; @patriot1tech


#Defense #Stock Update: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Acquires Artificial Intelligence #AI Company XTRACT Technologies Inc.; @patriot1tech

TORONTO, ON - September 10, 2019 (Investorideas.com Newswire) Patriot One Technologies Inc., (TSX: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL) ("Patriot One" or the "Company"), developer of the PATSCAN™ Multi-Sensor Covert Weapon Detection Platform ("PATSCAN Platform"), is pleased to announce the acquisition of XTRACT Technologies Inc. ("XTRACT") and all its related interests, assets, and intellectual property for consideration of $6,000,000 and the issuance of 9,422,956 Patriot One common shares (the "Consideration Shares") to XTRACT's former shareholders (the "Transaction"). Subject to certain exceptions based on the business of the Company or the performance of the Company's common share price, the Consideration Shares will be subject to escrow restrictions and released on a quarterly basis over the next twelve consecutive fiscal quarters of Patriot One. The Transaction follows demonstrated success of an ongoing collaborative project between the two firms that was announced in late July 2019.

The XTRACT acquisition is part of an ongoing strategic initiative by the Company to bring together leading-edge technologies and services that will enhance the power of its PATSCAN Platform, which offers a layered, multi-sensor approach to concealed threat and disturbance detection.   


“Just over a month ago, we announced a development project with XTRACT, and during this period we’ve already seen great progress in significant opportunities for enhanced detection accuracy" said Martin Cronin, Patriot One’s CEO and President. “With new sales opportunities arising every day for a covertly deployed, multi-sensor security solution, integrating XTRACT more deeply into our development and day-to-day operations made perfect sense. We are thrilled to have this highly talented group join our ranks; as they share our vision for creating a world safer from acts of mass violence.”

The XTRACT team will bring additional leading-edge expertise in artificial intelligence (AI) and machine learning to the Patriot One staff.  XTRACT’s novel neural network architecture and data fusion techniques are robust, efficient and require less memory than comparable standards. With several strategic PATSCAN deployment initiatives in progress, including with Johnson Controls International and Bleutech Park-Las Vegas announced over the last month, the Company sees this move as both necessary and a key differentiator for its future platform development.

Following from the acquisition, former XTRACT Chairman and CEO Kevin O’Neill has been retained as an advisor to Patriot One and been invited to join Patriot One’s Board of Directors. Mr. O’Neill has many years of experience investing in growth technology companies, following his early career in investment banking with Merrill Lynch. He has been a private investor and advisor to numerous successful early-stage technology businesses, including among others a telecommunications company acquired by Microsoft.

As a wholly owned subsidiary, XTRACT will continue to operate as its own business unit and under its current brand name.  XTRACT will continue to service existing clients, representing several million dollars in committed contract backlog for 2019, along with new business opportunities as further opportunities are presented.  XTRACT has previously developed and successfully implemented solutions for military, government, industrial, environmental and transportation clients. Equally importantly, XTRACT’s engineers and data scientists possess security clearance to work on government defense projects.

Patriot One also wishes to announce that Jeffery Tindale has resigned from the Board of Directors effective September 9, 2019 but will remain with the Company as Senior Vice President of Capital Markets. “On behalf of the Company, I would like to thank Jeff for his time and dedication to Patriot One’s Board since inception,” shared Mr. Cronin, President and Chief Executive Officer. 

Martin Cronin
President and CEO
Patriot One Technologies Inc.

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.

About XTRACT - a Patriot One Technologies company
XTRACT develops and commercializes artificial intelligence, machine learning, deep neural network and predictive solutions utilizing its proprietary technology for public institutions and private enterprise. The firm has an award winning, highly skilled team that develops deep neural network technology, which scales and drives how machines learn. The technology is core to the Company’s platform which runs more effective and reliable business solution and applications.

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

Investor Relations
John Martin
+1 (888) 728-1332

Media Contacts:
Scott Ledingham, PR Media Now
+1-613-806-7135

CAUTIONARY DISCLAIMER STATEMENT:
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 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.

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
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Breaking #Security #Stock News- PATRIOT ONE (TSX: $PAT.TO) (OTCQX: $PTOTF) SELECTED AS THE SECURITY TECHNOLOGY PARTNER FOR BLEUTECH PARK LAS VEGAS


Breaking #Security #Stock News- PATRIOT ONE (TSX: $PAT.TO) (OTCQX: $PTOTF) SELECTED AS THE SECURITY TECHNOLOGY PARTNER FOR BLEUTECH PARK LAS VEGAS

A $7.5b project and the first digital infrastructure city of its kind in the world



TORONTO, September 10, 2019 (Investorideas.com Newswire )  Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCAN™ Threat Detection Platform, is pleased to be selected as the security technology partner for Bleutech Park Las Vegas, a $7.5b Las Vegas Mini-City project that will be the World's First Net-Zero, Smart, Connected and Safe City.  The partnership was announced via a press release by Bleutech Park on Monday, September 9, 2019 and via social media on Friday, August 30, 2019.


Prior to these announcements, Bleutech Park Las Vegas held an event on Wednesday, August 28, with key technology partners from around the world who shared their technologies and their excitement for being a part of the “Smart Mini-City” project; a first of its kind in the world.   Distinguished guests learned more about the project and got a first-hand look at the advanced technologies that will be integrated at Bleutech Park Las Vegas, scheduled to host its groundbreaking ceremony in December 2019.

The event began with the unveiling of state-of-the-art technologies and new renderings of Bleutech Park Las Vegas by the team of architects and engineers. KME Architects Principal, Melvin Green began the program with what was echoed by all partners, "We are excited because of the foresight to bring Bleutech Park to Las Vegas for its sustainability. We all have a vested interest in this project, because we have to leave this earth for our kids and their future generations."

Bleutech Park Las Vegas CTIO, Bertrand Dano introduced key technology partners, from all around the world, who are making it possible for Bleutech Park Las Vegas to be powered by the sun, wind and footsteps, thereby creating its own energy "off-the-grid." Following the renderings and information shared about its supertrees, representatives from Cisco, Pavegen, Knightscope, Onyx Solar, and Patriot One Technologies demonstrated each of their technologies and their impact into this one-of-a-kind project. From footsteps creating energy, to transparent colorful photovoltaic glass for building structures, to fully autonomous robots powered by the use of AI for security and technologies delivering innovative threat detection and counter-terrorism solutions.

"Patriot One is honored to be selected as the security technology partner for Bleutech Park, a $7.5b Las Vegas Mini-City project that will be the World's First Net-Zero, Smart, Connected and Safe City," shared Martin Cronin, CEO & President of Patriot One Technologies
To stay up-to-date with Bleutech Park Las Vegas, please visit BleutechPark.com and follow the project on Facebook, Instagram and Twitter at @Bleutechparklv.

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.

About Bleutech Park Las Vegas:  Bleutech Park Properties Inc. is a Delaware registered Real Estate Investment Trust (REIT) private fund dedicated to providing finance, operation and asset management of primarily Bleutech Park projects throughout the US market and abroad. Bleutech Park Properties Inc. is proud to design, build, finance, operate and maintain the future of smart and connected infrastructure while leveraging emerging technologies with higher standards of sustainability and 100% off-the-grid commitment revolutionizing the world for the future.

For further information, please contact: Patriot One Inquiries

Investor Relations
John Martin
+1 (888) 728-1332

Media Contacts:                                            
Scott Ledingham,
PR Media Now                            
Patriot One Technologies             
+1-613-806-7135
                   
Julie Samuelson
Quillin Advertising, Public Relations & Social Media
Bleutech Park Las Vegas
702-800-7803

CAUTIONARY DISCLAIMER STATEMENT:
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 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.

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
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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Monday, September 9, 2019

#Security /#AI Breaking News - Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Acquires Artificial Intelligence (AI) Company XTRACT Technologies Inc.


#Security /#AI Breaking News - Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Acquires Artificial Intelligence (AI) Company XTRACT Technologies Inc.



TORONTO, September 9, 2019 (Investorideas.com Newswire ) Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCAN™ Multi-Sensor Covert Weapon Detection Platform (“PATSCAN Platform”), is pleased to announce the acquisition of XTRACT Technologies Inc. (“XTRACT”) and all its related interests, assets, and intellectual property for consideration of $6,000,000 and the issuance of 9,422,956 Patriot One common shares (the “Consideration Shares”) to XTRACT’s former shareholders  (the “Transaction”). Subject to certain exceptions based on the business of the Company or the performance of the Company’s common share price, the Consideration Shares will be subject to escrow restrictions and released on a quarterly basis over the next twelve consecutive fiscal quarters of Patriot One. The Transaction follows demonstrated success of an ongoing collaborative project between the two firms that was announced in late July 2019.

The XTRACT acquisition is part of an ongoing strategic initiative by the Company to bring together leading-edge technologies and services that will enhance the power of its PATSCAN Platform, which offers a layered, multi-sensor approach to concealed threat and disturbance detection.   

Read this in full at

“Just over a month ago, we announced a development project with XTRACT, and during this period we’ve already seen great progress in significant opportunities for enhanced detection accuracy" said Martin Cronin, Patriot One’s CEO and President. “With new sales opportunities arising every day for a covertly deployed, multi-sensor security solution, integrating XTRACT more deeply into our development and day-to-day operations made perfect sense. We are thrilled to have this highly talented group join our ranks; as they share our vision for creating a world safer from acts of mass violence.”

The XTRACT team will bring additional leading-edge expertise in artificial intelligence (AI) and machine learning to the Patriot One staff.  XTRACT’s novel neural network architecture and data fusion techniques are robust, efficient and require less memory than comparable standards. With several strategic PATSCAN deployment initiatives in progress, including with Johnson Controls International and Bleutech Park-Las Vegas announced over the last month, the Company sees this move as both necessary and a key differentiator for its future platform development.

Following from the acquisition, former XTRACT Chairman and CEO Kevin O’Neill has been retained as an advisor to Patriot One and been invited to join Patriot One’s Board of Directors. Mr. O’Neill has many years of experience investing in growth technology companies, following his early career in investment banking with Merrill Lynch. He has been a private investor and advisor to numerous successful early-stage technology businesses, including among others a telecommunications company acquired by Microsoft.

As a wholly owned subsidiary, XTRACT will continue to operate as its own business unit and under its current brand name.  XTRACT will continue to service existing clients, representing several million dollars in committed contract backlog for 2019, along with new business opportunities as further opportunities are presented.  XTRACT has previously developed and successfully implemented solutions for military, government, industrial, environmental and transportation clients. Equally importantly, XTRACT’s engineers and data scientists possess security clearance to work on government defense projects.

Patriot One also wishes to announce that Jeffery Tindale has resigned from the Board of Directors effective September 9, 2019 but will remain with the Company as Senior Vice President of Capital Markets. “On behalf of the Company, I would like to thank Jeff for his time and dedication to Patriot One’s Board since inception,” shared Mr. Cronin, President and Chief Executive Officer. 

Martin Cronin
President and CEO
Patriot One Technologies Inc.

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.

About XTRACT - a Patriot One Technologies company
XTRACT develops and commercializes artificial intelligence, machine learning, deep neural network and predictive solutions utilizing its proprietary technology for public institutions and private enterprise. The firm has an award winning, highly skilled team that develops deep neural network technology, which scales and drives how machines learn. The technology is core to the Company’s platform which runs more effective and reliable business solution and applications.

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

Investor Relations
John Martin
+1 (888) 728-1332

Media Contacts:
Scott Ledingham, PR Media Now
+1-613-806-7135

CAUTIONARY DISCLAIMER STATEMENT:
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 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.

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
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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Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp




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