#Defense/#AI #Stock
News - Patriot
One’s (TSX: $PAT.TO)
(OTCQX: $PTOTF) Xtract AI Division Awarded
$199,000 CAD Department of National Defence Contract @patriot1tech @NationalDefence
AI team based in
Vancouver to work with the Canadian Armed Forces
VANCOUVER, BC –
May 27, 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
$199,000CAD contract with Canada’s Department of National Defence through the
Public Works and Government Services Canada Division, as part of the Innovation
for Defence Excellence and Security (IDEaS) Program.
Read this news featuring PATRIOT ONE in full
at https://www.investorideas.com/news/2020/defense/05271PatriotOne-Xtract-AI-Division.asp
Operating covertly is key for Army operations and
the “Now you see me, now you don’t” project is looking for solutions to
actively modify the visual and infrared signatures (the pattern emitted by an
object) of Army platforms in order to decrease detectability. Xtract AI
proposes to leverage recent advances in deep learning and computer vision,
along with novel deep learning technology to develop a system capable of
assessing the efficacy of any existing or developed adaptive and multi-spectral
concealment and camouflage technologies or materials. This will guide the
development of technologies that optimally reduce visual and infrared detection
of soldiers and vehicles, and enhance the performance of materials designed to
eliminate detection in dynamic environments in real time.
The proposed system will combine two deep learning
components: a soldier and vehicle detector; and a soldier and vehicle
concealer. The detector will be a computer vision model that is able to
identify people and vehicles from visual and infrared video streams. Meanwhile
the concealer will be a computer vision model that uses real-time information
from the context (e.g., background visual and heat patterns) to determine the
optimal visual and infrared signature to facilitate concealment.
Using these two components, several outstanding
problems with soldier and vehicle concealment can be addressed. Concealment
systems will be able to be assessed, for example the efficacy of new uniforms,
textiles and vehicle add-ons. Pitting the two components against each other
will also facilitate the development of optimal concealment methods.
Additionally the concealer will be trained to generate modified visual and
infrared signatures that are able to prevent detection by the deep learning
detection system.
“We’re delighted that the Innovation for Defence
Excellence and Security (IDEaS) program selected us to work on this project,”
said Martin Cronin, CEO of Patriot One Technologies. “Utilising Xtract AI’s
knowledge of artificial intelligence, and data and video analysis we hope to be
able to assist the Canadian Army in their ability to operate covertly, thus
keeping our soldiers safer.”
For more details on the Public Work’s DND contract,
please visit: https://buyandsell.gc.ca/procurement-data/tender-notice/PW-19-00880697
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 defence 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.
About the
Innovation for Defence Excellence Program
The
Innovation for Defence Excellence and Security (IDEaS) program fosters open
innovation to provide creative thinkers with the structure and support to
encourage solutions which will assist in solving some of Canada’s toughest
defence and security challenges. The IDEaS program is broken into several
components, designed to advance defence technologies in Canada. Innovations are
eligible for funding up to $200,000 during Component 1a and up to $1,000,000 during
Component 1b. Innovations that are promising for Canada can receive non-IDEaS
Program funding up to $20M to continue development up to Solution Readiness
Level 9.
For
further information, please contact:
Media
Contacts:
Scott Ledingham, Patriot One Technologies
+1-613-806-7135
scott@prmedianow.com
Scott Ledingham, Patriot One Technologies
+1-613-806-7135
scott@prmedianow.com
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