TORONTO, ON -- Aug 09, 2017 -- InvestorsHub NewsWire
-- Patriot One Technologies Inc. (TSX
VENTURE: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), is pleased to
announce that its award-winning PATSCAN CMR™ (Cognitive Microwave
Radar) concealed weapons detection system has met Federal
Communications Commission (FCC) and Industry Canada (IC) regulatory
requirements, as verified through a series of tests by an
accredited 3rd party
laboratory.
This is significant news for our Company,” said Patriot One
Technologies CTO Dinesh Kandanchatha. “Many companies have found
meeting FCC and IC requirements to be a daunting challenge. Since
we began operations last November we have worked relentlessly to
identify, execute and address a lengthy checklist of FCC and IC
technical requirements. Today, we are one step closer to delivering
a certified mass-market version of the PATSCAN CMR in the USA and
Canada. I congratulate our entire team for their commitment to this
important effort. Now that the hardware development is finalized
for certification, we are proceeding with software optimisation in
preparation to meet our delivery commitments. In this regard, I am
further pleased to confirm that our projected manufacturing run for
2017 is now fully committed, and we are already booking sales into
2018.”
Company sales efforts for the PATSCAN CMR currently focus on
markets including houses of worship, academic institutions, event
centres, casinos, commercial offices, hotel properties, government
agencies and other locations at high risk of terrorist attack.
Orders have been received from locations spanning four continents,
and new territorial opportunities are opening as reseller influence
grows.
Patriot One’s PATSCAN CMR, Model CMR-005 has been issued
provisional identifiers as FCC #2ALZTCMR and IC #22739CMR. These
identifiers encompass electrical and mechanical certification for
FCC15B/ICES-003, FCC 15.510, RSS-220 & ETI EN 302-065-1,
CSA C22.2 No. 61010-1, UL 61010-1 V3 and 3.1. The verified
data from the accredited testing laboratory will now be sent to
Industry Canada and FCC for final approval.
FCC and IC certification is important not only in a North
American context, but is also a key step towards the product’s
attainment of certification and waiver/permit approvals in markets
including the United Kingdom, Eurozone and Asia-Pacific regions,
where key reseller partners are assisting in advancing the
product’s certification and approval processes.
“We have been working diligently towards FCC and IC
certification, and are thrilled to see this effort coming closer to
fruition. We are grateful to the many individuals, vendors, related
stakeholders and early adopters who share our vision of a future
when Patriot One systems will provide communities around the world
with stronger safeguards against threats of terrorism and other
acts of random violence,” said Company CEO Martin Cronin. “We also
salute those members of the investment community who have made a
critical difference by putting their capital to work throughout our
venture’s early stages. We are determined to continue to build
shareholder value and earn capital market support vital to Patriot
One’s ongoing development efforts and our mission to make the world
a safer place.”
ON BEHALF OF THE BOARD
“Martin Cronin”
CEO & Director
About Patriot One Technologies, Inc. (TSX
VENTURE: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL):
Patriot One has developed PATSCAN CMR™ the next generation of its
award-winning radar device and software solution. PATSCAN CMR is a
first-of-its-kind Cognitive Microwave Radar concealed weapons
detection system, designed as an effective tool to combat active
shooter threats before they occur. Built for cost-effective
deployment in weapon-restricted buildings and facilities, the
Patriot One software solution and related hardware can be installed
in hallways and doorways to covertly identify weapons and to alert
security of an active threat entering the premises. Owner/operators
of private and certain public facilities can now prominently post
anti-weapons policies with compliance assured. The Company’s motto
Deter, Detect and Defend is based on the belief that widespread use
of its technology will act as an effective deterrent, thereby
diminishing the epidemic phenomena of active shooters across the
globe. For more information, visit: www.patriot1tech.com. Patriot One Technologies
are proud winners of the 2017 Anti-Terrorism / Force Protection
category of the Security Industry Association’s New
Product Showcase at ISC West.
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
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 TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.