Once again, Rich enters the studio to talk to the CEO of an up-and-coming company. Today he talks to Martin Cronin of Patriot One Technologies Inc. (TSX:PAT) (OTCQX:PTOTF) (FRANKFURT: 0PL), a developer of innovative threat detection and counter-terrorism solutions.
In addition to being Patriot One’s President and CEO, Cronin has more than 20 years of experience in international diplomacy through his time with the British Government. He is an expert in conflict resolution, counter-terrorism, government/corporate interface and has extensive experience in high-intensity conflict environments, having previously been posted in Jordan, Yemen, Pakistan, and Iraq.
He and Rich discuss some of Patriot One’s recent partnerships as well as the company’s dedication to making the world a safer place without compromising civil liberties.
Patriot One is Improving Public Safety
“Patriot One is in the business of public safety,” Cronin explains. “We’re bringing forward innovations in sensor hardware coupled with machine learning to detect concealed and overt threats—guns, knives, bombs, chemical threats—in real time, and networking that information where it needs to be.”
As Rich notes, the company’s tech has attracted some serious industry attention. Last year, Patriot One collaborated with Cisco Systems (NASDAQ:CSCO) on Cisco’s global innovation program. Together with Cisco, Patriot One showcased its PATSCAN tech at IBM’s Innovation Centre in Montreal.
In March, the company also partnered with a subsidiary of Raytheon Company (NYSE:RTN), a $27 billion company that specializes in defense and cybersecurity solutions. For the partnership, Raytheon Canada will provide $3 million CAD in funding to extend developmental innovation of Patriot One’s threat detection technology and product pipeline.
“I think it’s fair to say we’ve captured the imagination of some very major players in the market,” Cronin says. “And I think the reason for that is that we take a fundamentally different approach to public safety [than] the conventional means of threat detection.”
PATSCAN Offers Security Without Invading Privacy
Unlike other security system companies, Patriot One’s solutions combine AI, analytics, and machine learning to collect new data and improve itself. As the sensors scan a person through microwave radar, targeted magnetic resonance, video, and trace chemical sense, the software develops a more acute ability to detect weapons. It learns how to spot the difference between a non-threatening item and a tool of violence.
Rich brings up a commonly-held worry, that security systems tend to be invasive and based on suspect profiling. Cronin is quick to address these concerns.
“Our approach is—we’re interested in detecting threats. So we’re not looking at a person and saying, ‘Hmm, I don’t like the look of them, perhaps they have bad intent.’ We’re detecting weapons where they shouldn’t be and essentially saying, ‘Here is a threat, now this person is of interest.'”
Cronin adds that Patriot One’s technology does not capture personal data and is not a secret security measure. This allows the company to maintain the delicate balance between civil liberties and effective public safety.
Patriot One Has a Lot of Exciting News to Announce
On Thursday, Patriot One Technologies announced the completion of a global commercial licensing agreement with Quasar Federal Systems, Inc. The agreement allows Patriot One to use Quasar’s intellectual property in the development of PATSCAN TSM, the fourth threat detection sensor component of the PATSCAN Platform.
Quasar’s IP includes sensor technology as well as magnetic detection and security screening technology. This will no doubt be an asset as Patriot One continues to refine TMS’s intelligent, targeted magnetic sensor tech, which detects the on-body or in-bag location of threats.
Cronin lets investors and potential investors know that this is just the first bit of good news his company plans on releasing.
“We have other innovations that are under evaluation, so you’ll see elements of new platforms, better ways of tying the data together … you’ll see news of key partnerships, key clients coming through. This is a tremendously exciting time for Patriot One.”
What do you think? Is Patriot One ready to capture the rapidly-growing weapons detection market? Let us know your thoughts in the comment section below.
If you liked this video, be sure to check out some of Rich’s other interviews, such as the recent one with Darren Klinck from Bluestone Resources Inc. (TSXV:BSR) (OTCQB:BBSRF). You can also watch Rich profile Patriot One’s revolutionary threat-detection solutions here.
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