Patriot One Technologies Awarded Contract to Create Artificial Intelligence-Powered Full Motion Video Detection Application
Patriot One Technologies (OTCQX: PTOTF) has secured a contract valued at almost $1 million CAD with the Canadian Department of National Defence (DND) to develop an AI-driven full motion video analytics application. Named "RECCE," this project aims to enhance object detection and classification for military applications, with delivery expected by March 31, 2022. Through its AI innovation arm, Xtract AI, the company intends to leverage this technology across its product portfolio, improving safety and situational awareness for military and potentially civilian applications.
- Secured a nearly $1 million CAD contract with Canadian DND, enhancing revenue prospects.
- RECCE project will develop advanced object detection technology applicable to multiple domains, expanding market opportunities.
- Delivery timeline set for March 31, 2022, indicating a quick turnaround for the project.
- None.
TORONTO, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Patriot One Technologies (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”) today announced it was awarded a contract worth nearly
The project, named “RECCE,” is being developed by Xtract AI, the AI innovation and development arm of Patriot One. It will initially be used by the DND and the Canadian Armed Forces to detect, classify and track, as well as geospatially and textually log, objects of interest to improve situational awareness. Xtract AI is scheduled to deliver the solution to DND by March 31, 2022.
“While RECCE will first be used by the Canadian government for specific projects, such as military applications and the detection, identification and tracking of objects of interest or concern, the opportunity-space for this type of AI is unlimited,” said Cornell Pich, vice president of Strategic Partnerships and Technology at Patriot One. “This application is yet another example of Patriot One's AI innovations providing flexible solutions to address a set of requirements, that then provides a foundation for broader applications. We’re pleased to again be working with the DND and its Innovation for Defence Excellence and Security (IDEaS) Program to improve the safety of their Armed Forces members while on deployments and look forward to integrating this application into future projects.”
“This advanced object recognition technology can be applied in countless ways, from providing a higher level of safety to people on the streets through video camera systems in specific locations around the world, to integrating it with drone cameras to survey large crowds of people. Imagine the value of very high threat detection and categorization in environments where the people, cameras and other elements are in motion,” said Peter Evans, CEO of Patriot One. “These types of foundational innovations are a key part of Patriot One’s overall business strategy to integrate advanced AI analytics into our existing and future products and in particular, would be ideally suited for enhanced crowd or threat detection management for large entertainment venues."
The RECCE project is being funded as part of the DND’s Innovation for Defence Excellence and Security (IDEaS) program and is sponsored by the Canadian Joint Operations Command (CJOC).
For more on Patriot One’s AI projects and capabilities, please visit https://patriot1tech.com/patscan/products/.
About Patriot One Technologies
Patriot One Technologies makes unobtrusive, artificial intelligence AI-driven weapons and threat detection systems that enable arenas, casinos, schools, theaters and other businesses to provide unprecedented safety while also improving the patron experience. The company’s Multi-Sensor Gateway enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic, and its AI-based Video Recognition System enables venue and building operators to identify weapons and other threats inside and outside of facilities, while also providing valuable intelligence for optimizing operations via their AI-powered platform. Follow us on Twitter @patriot1tech.
About IDEaS
IDEaS is a defence innovation program which invests in research and technology aimed at meeting the demands of today’s complex global defence and security environment. The program enables Canada to deliver the capabilities needed for a strong and agile military by providing financial support to foster innovation through contracts, contribution agreements and grants. The IDEaS program helps innovators by supporting analysis, funding research, and developing processes that facilitate access to knowledge. It also supports testing, integration, adoption, and acquisition of creative solutions for Canada’s defence and security communities.
To learn more, please visit the IDEaS webpage www.canada.ca/Defence-IDEaS
For further information, please contact:
Patriot One Technologies Inquiries
info@patriot1tech.com
www.patriot1tech.com
Media Contact
Caroline Metell
PatriotOne@threeringsinc.com
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FAQ
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