ptotf - PTOTF STOCK NEWS

Patriot One Technologies (OTCQX: PTOTF) announced the launch of SmartGateway, a security screening solution designed for stadiums and large venues. This system enhances patron entry by using AI-driven sensors to detect prohibited items while ensuring a smooth flow of visitors. It requires fewer security personnel, addressing current staffing challenges. Patriot One will showcase SmartGateway at ISC West in Las Vegas from March 22-25, emphasizing its commitment to safety and efficiency in patron screening.

Patriot One Technologies (OTCQX: PTOTF) announced the deployment of its Multi-Sensor Gateway screening technology at Kia Georgia, Inc., aimed at enhancing security by detecting firearms and other prohibited items at the facility. This AI-powered solution integrates with existing security operations, allowing for customizable alerts and prompts in real-time. The technology is effective in all weather conditions and designed to blend aesthetically with the environment, ensuring a streamlined security process.

Patriot One Technologies reported a significant increase in revenue for Q2 2022, with revenues of $1.2 million, compared to $0.3 million in Q2 2021. The company's backlog now exceeds $3.5 million, bolstered by ongoing contracts, including a $1 million deal with Canada's Department of National Defence. Despite this, the company recorded a loss of $3.1 million for the quarter, similar to the previous year. The release of enhanced threat detection technologies and a new prospectus for $50 million in securities further indicate growth potential.

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.

Patriot One Technologies (OTCQX: PTOTF) will host a live investor presentation on February 16, 2022, at 2 PM ET, featuring CEO Peter Evans. The presentation will include an overview of the company’s operations and insights into its Multi-Sensor Threat Detection Platform. Following the presentation, attendees can participate in a live Q&A session. Interested parties are encouraged to register for the webinar to learn more about the latest developments within Patriot One.

Patriot One Technologies (OTCQX: PTOTF) has been selected by the U.S. Office of the Inspector General (OIG) to implement its Multi-Sensor Gateway patron screening solution in Washington, D.C. This advanced technology aims to enhance employee safety by detecting threats without the need for routine bag checks. The project, in collaboration with Maven Security Technologies, promises higher accuracy compared to traditional metal detectors. CEO Peter Evans noted the importance of staying ahead in security technology to ensure a safe environment for employees.

Patriot One Technologies (OTCQX: PTOTF) has released a report following an Operational Exercise conducted by the National Center for Spectator Sports Safety and Security (NCS⁴). The exercise aimed to evaluate the company's Threat Detection and Patron Screening Solution in a live stadium environment with 17,000 attendees. Notable findings include that the technology can detect not only weapons but also methods used to evade traditional detection systems. The exercise's objective was to ensure compliance with professional sports leagues' security standards. Feedback will guide further improvements to the technology.

Patriot One Technologies Inc. (OTCQX: PTOTF) reported its Q1 financial results for the period ending October 31, 2021, highlighting significant advancements in sales and product development. Revenue rose to $0.70 million from $0.38 million year-over-year, while the sales backlog grew to $3.1 million. The company secured $2 million in non-dilutive funding from Raytheon and launched a new AI-driven facility insights solution. Additionally, Martin Cronin, a director since 2016, resigned, with management expressing gratitude for his contributions.

Patriot One Technologies announced that its AI-powered threat detection solutions have achieved certification from SVS Countermeasures Training for four national standards, enhancing security for large venues. The tests, conducted at Paul Brown Stadium, confirmed successful detection of various prohibited items, including weapons and IEDs, exceeding necessary requirements. CEO Peter Evans emphasized that these certifications validate the effectiveness of their technology, offering venues improved security while enhancing patron experiences. This positions Patriot One as a leading provider in weapons detection.