Xtract One Technologies Inc (XTRAF)

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Press: https://smallcappower.com/expert-articles/security-stocks-terror-attacks/

Patriot One Technologies Inc. (TSXV: PAT)

This Canadian technology company has created quite a buzz in the security systems market, winning awards for their new weapons detection device – the NForce CMR1000. This product, the result of eight years of research and development as part of a NATO-funded project, is touted as a disruptive new technology that will revolutionize how security checkpoints work. The Nforce CMR 1000, now trademarked as PATSCAN CMR is a cognitive microwave radar system that can covertly detect concealed weapons and explosives on individuals as they move in crowded public spaces. It is a thinking device that cross-references the signature identification patterns of prohibited items like guns or knives to its database prior to its entry into monitored areas. The size of just a wireless router, its only competition today is the bulky and inefficient metal detector. You don’t need to be subjected to a search, as it is a concealed device. And the Company claims, it has an accuracy rate of 93%.

With the hardware ready and field-tested, Patriot One Technologies is heading for commercial production this summer. It reports a balance sheet of $2.5 million in working capital. And has just partnered with a major reseller serving the U.S. Government and Military. Showing confidence in the PATSCAN CMR, the Natural Sciences and Engineering Research Council of Canada has granted funds to its university research partner to advance the technology to vehicle-mounted and wearable devices.

The Company, which listed on the TSX Venture just last November, is gunning for mass-scale adoption across public spaces and government properties. The challenge it faces is scaling up its production line to meet the first few client deliveries.