ptotf - PTOTF STOCK NEWS

Patriot One Technologies (OTCQX: PTOTF) has announced that its SmartGateway security solution will be implemented at the Angel Of The Winds Arena in Everett, Washington. This solution aims to enhance safety by providing frictionless weapons screening for patrons, allowing for a more efficient entry process without disrupting the flow of traffic. The system is designed to streamline security operations, requiring fewer personnel while improving the overall visitor experience. This partnership with OVG360 marks a strategic move for Patriot One to expand its presence in the venue management sector.

Patriot One Technologies has partnered with Oak View Group to introduce SmartGateway, an advanced patron screening technology designed to enhance safety and improve customer experience at event venues. This system will allow for faster entry, up to 10 times quicker, while detecting weapons without requiring guests to remove items from their pockets. Currently operational at Rupp Arena and Moody Center, SmartGateway aims to provide secure environments at various OVG-managed venues. The initiative reflects OVG's commitment to delivering engaging experiences while ensuring safety during events.

Patriot One Technologies (PTOTF) has entered a significant agreement with the SAP Center at San Jose to deploy its SmartGateway security screening solution for all non-NHL events. This installation will enhance security at the 18,000-seat venue and the newly expanded 4,200-seat Tech CU Arena, home to the San Jose Barracuda. The AI-powered technology aims to provide fast and efficient screening, ensuring a safe experience for patrons by detecting prohibited items without disrupting entry flow. This partnership reflects a commitment to modernizing security technology in sports venues.

Patriot One Technologies (TSX: PAT, OTCQX: PTOTF) has partnered with a major U.S. auto manufacturer to enhance security at three of its facilities. The company will implement its SmartGateway solution, designed to unobtrusively screen employees for weapons, providing a safer and more efficient entry process compared to traditional metal detectors. The partnership, which began over a year ago following a security incident, exemplifies the effectiveness of Patriot One’s AI-driven technologies. This collaboration aims to improve workplace safety without disrupting manufacturing productivity.

On June 9, 2022, Patriot One Technologies announced its financial results for Q3 FY2022, revealing $0.9 million in revenue for the quarter and $2.8 million year-to-date, a growth from $0.2 million and $0.8 million in the previous year. Backlog increased to $2.6 million, with an additional $1.6 million pending trials. The company secured contracts totaling $2 million, including a $1 million deal with Canada's DND. Despite a loss of $4.4 million for the quarter, the company highlights accelerating growth and a strong focus on safety solutions in sports and entertainment venues.

Patriot One Technologies (OTCQX: PTOTF) has secured a $1 million CAD, 24-month contract with Innovation Solutions Canada to develop AI-based solutions aimed at enhancing situational awareness for firefighters. Following the successful completion of Phase One, the company will now focus on Phase Two, which includes the creation of advanced technologies. This project is part of Canada’s ‘Head Up Hands Free’ initiative and includes innovations like machine learning models, location tracking, and health monitoring systems for firefighters. The project aims to improve safety and effectiveness in hazardous environments.

Patriot One Technologies (OTCQX: PTOTF) has been selected by Central Bank Center to implement its SmartGateway™ solution at Rupp Arena and Lexington Opera House. This phased installation aims to enhance security by using AI-powered sensors to detect weapons unobtrusively, improving patron experience by eliminating long lines associated with traditional metal detectors. With a seating capacity of over 20,000 at Rupp Arena and 900 at the Lexington Opera House, the venues are positioned for increased safety and efficiency during events.

Patriot One Technologies (OTCQX: PTOTF) has been selected by the Oak View Group to implement its SmartGateway™ solution at Austin's new Moody Center, enhancing security for patrons at the venue, which seats over 15,000. The SmartGateway™ will scan for concealed weapons without requiring patrons to remove items from pockets, speeding up entry by up to six times compared to traditional metal detectors. This innovation not only ensures safety but significantly reduces operational costs by over 50%. Moody Center aims to provide a state-of-the-art experience for live entertainment.