Patriot One Technologies Inc (OTCMKTS:PTOTF) Builds Its Case in Washington DC

Patriot One Technologies Inc (OTCMKTS:PTOTF) Builds Its Case in Washington DC

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Patriot One Technologies Inc (OTCMKTS:PTOTF) has been pulling back over the past 6 weeks after blasting higher during December and January as the world’s focus turned to mass shootings and the need to prevent them. The pullback has progressed to test the trendline support that defines the move that took root back in September of last year. Last week’s action featured a big leap back higher off that trendline support.

Helping to power that move, the company put out an update outlining its recent activities, including apparent meetings with “U.S. Congressional leaders”. The company reports that these meeting went favorably. Obviously, with the GOP in control and heavily funded by gun rights activists such as the NRA, finding a way to control dangerous and deadly shooting incidents without cracking down on gun ownership is a red-hot topic in DC right now that sets the stage for this company’s narrative rather well.

Patriot One Technologies Inc (OTCMKTS:PTOTF) bills itself as a company that has developed PATSCAN the next generation of its award-winning Patriot One Technologies NForce CMR1000 software and radar solution.

PATSCAN is a first-of-its-kind Cognitive Microwave Radar concealed weapons detection system as an effective tool to combat active shooter threats before they occur. Designed 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.

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.

According to company materials, “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 key access points to covertly identify weapons and to alert security of an active threat. 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.”

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According to the company’s update, “As outlined by Patriot One’s CEO and President Martin Cronin during several recent interviews with CNET and other media outlets, the Company has advanced to Stage-3 active testing and research of the PATSCAN CMR concealed weapons detection solution in real world environments. By the end of April 2018, Patriot One will have five (5) client locations where Company engineers will be able to test and conduct further research on the radar device and software solution. In addition to the recently opened location within the Westgate Las Vegas Resort & Casino, the next four (4) development locations are scheduled to include a Southeast U.S high school, a Midwest U.S. university, a business location in the U.K. and a law enforcement establishment in Canada. Each location offers a unique environment to support advanced testing. As confidentiality is critical to the Company’s covert technology testing regime, further details about new locations will be released when deemed appropriate.”

Earning a current market cap value of $108.7M, PTOTF has a significant war chest ($15.5M) of cash on the books, which stands against virtually no total current liabilities. The company is pre-revenue at this point. As more color becomes clear on the name, we will review the situation and update our take. Sign-up for continuing coverage on shares of $PTOTF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $PTOTF, either long or short, and we have not been compensated for this article.

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