According to recent media… “Since 9/11, on average, one American per year has died at the hands of a foreign terrorist, yet there is more than one mass murder per day in the United States. The Centers for Disease Control (CDC) found that on average 93 Americans are killed and 95 wounded every day in the U.S.”
This past week exemplified gun violence in the United States – a doctor opened fire at a Bronx hospital while another 28 were wounded during a concert in Arkansas.
This home grown gun violence in the United States along with the growing threat of (soft target) terrorism around the world, is the reason I am highlighting Patriot One this week.
Patriot One (PAT:TSXV $0.76 / PTOTF:OTCQB / OPL:Frankfurt)
Covertly and instantly identifies concealed weapons (7yrs of Tech Development)
What the smoke alarm did for fire safety, Patriot One has the potential to become an industry standard for public defense and security.
A reality of terrorism is that it often fuels speculative investing. We saw this with the 911 attacks (when huge buying came into airport security stocks – and huge shorting occurred with airline stocks), and we have seen this occur many times since.
With more than 50,000 fighters now dead, ISIS has finally lost the battle in the Middle East. But, the tactics of that war are now changing and it will involve low tech, soft targets – as we have seen recently in Manchester (with a concert bombing). Sadly this may become the “new norm” and it will take unique companies like Patriot One to keep the general public safe.
Gun Violence in the United States is an issue in itself, but the new threat of “soft target terrorism” is taking on a life of its own. This impacts cities and public venues around the world.
Patriot One uses radar technology and algorithms that took seven years to perfect. And unlike other methods of threat detection (an airport full body scanner for example), there are no privacy concerns because the “machine” is only identifying “objects” – no “body image” is collected.
Any threat is ranked against a weapons / explosives database. Learning algorithms (artificial intelligence / software) then makes a determination on the level of threat from any concealed object.
Once a potential threat is identified, the system works with closed circuit television and sends critical information to security personnel. This allows security staff to track or approach the subject (without alerting him – which is extremely important).
Successful security must be done in “layers” and this provides one critically important layer in an overall security strategy designed to protect the general public or employees.
There is no point “re-inventing the wheel” when the company has done an excellent job with their corporate communications. They have a very informative website and a corporate presentation is available here: https://patriot1tech.com/investors/overview/
1) Basic Intro (2 min) – June 2nd
2) Discovery Channel’s Daily Planet – Product Demonstration & Tech Explanation (5 min) – May 4th
BOARD AND ADVISORS
The company’s senior management team has extensive experience and a blue-chip board of directors and advisory council. Including:
1) Tom Ridge, Advisor – the first Secretary of the U.S. Department of Homeland Security.
2) John Gillies, Director – Assistant Director with the Canadian Security Intelligence Service (CSIS)
3) Phil Jones, Lieutenant General (retired), Advisor – 35 years in the British Army
4) Andrew Brear, Advisor – Ran the Middle East operational desk of the Foreign Service
IF this business evolves as I believe it could, Patriot One may command a huge market cap by 2018 – if it is not a takeover target first. Once they prove they can establish strong sales, any large corporation in this industry (including someone like Honeywell), could be very interested in acquiring them.
Not only would they generate product (device) sales, but also monthly subscription fees. Each radar device is securely connected to the Internet and communicates with all other devices on the Patriot One network. If a new threat is detected (a new type of weapon or explosive), this information is instantly shared. The database also gets updates from law enforcement agencies around the world.
In the United States, the company still needs final FCC Certification but that should arrive in Q3. In the interim, they have deployed many prototypes into the field with International clients. Interest from both the private and public sectors (including governments and law enforcement), has been strong.