Patriot One Awarded $780,000 Contract by Innovative Solutions Canada (ISC) for Department of National Defense (DND)
January 30 2020 - 07:00AM
Patriot One Technologies Inc. (TSX: PAT) (OTCQX:
PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), is
pleased to announce it has been awarded an $780,000 CAD contract by
Innovation Solutions Canada (ISC) for the Canadian Department of
National Defense (DND). The contract will include the purchase,
deployment and evaluation of the PATSCAN Multi-Sensor Covert Threat
Detection Platform with the Royal Canadian Navy (RCN), who will
evaluate and learn how to deploy the Platform for personnel and
asset protection at ports of call around the world.
The $780,000 CAD contract, initially announced
for pre-qualification on December 5, 2018 by Patriot One, among the
Company, the Canadian Government and Innovative Solutions Canada
(ISC) – formerly the Build In Canada Innovation Program (BCIP) -
was initiated under the call for proposals 007 guidelines.
Patriot One’s PATSCAN Platform was evaluated and pre-qualified
under the Military Innovation Component on the merit of innovation,
and ISC sourced the Department of National Defense (DND) as the
implementation and evaluation partner. The Military Innovation
Component consists of six (6) priority areas, which includes (i)
Arctic & Maritime Security, (ii) Command & Support, (iii)
Cyber-security, (iv) In-Service support, (v) Protecting the
Soldiers and (vi) Training Systems. Patriot One’s PATSCAN Platform
met several of these priority areas but was specifically selected
under the Arctic/Maritime Security and Protecting Soldiers.
“We’ve been working with Innovation, Science and
Economic Development (ISED) Canada’s ISC division and Canadian
Department of National Defense (DND) over the past year on this
critical program for personnel and asset protection while at port
around the world,” shared Martin Cronin, CEO and President of
Patriot One. “The ability to deploy, evaluate and train the DND
personnel on the PATSCAN Platform in a variety of real-life
settings is extremely exciting for our team. As I’ve shared before,
and as a Canadian company, we are truly honored to be part of this
effort to protect our serving military personnel.”
Patriot One’s business development and
engineering teams have already begun work with teams at ISC, and
Canadian Department of National Defense on the production of the
PATSCAN Platform, which will be delivered beginning in February
2020. Deployment and testing will begin in March 2020. Specific
locations where the PATSCAN Platform will be deployed and evaluated
will not be disclosed for the safety of personnel and Canadian DND
bases.
Respectfully
“Martin Cronin”
Martin Cronin, CEO
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 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 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
Inquiriesinfo@patriot1tech.comwww.patriot1tech.com
Investor RelationsJohn Martin,
Patriot One Technologies+1 (888) 728-1332johnm@patriot1tech.com
Media Contacts:Scott Ledingham,
Patriot One
Technologies +1-613-806-7135scott@prmedianow.com
Innovation Solutions Canada
(ISED) Ottawa HeadquartersTelephone: 343-291-1777Business
hours: 7:30 a.m. to 5:30 p.mmedia relations team.
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