NEW YORK, June 14, 2017 /PRNewswire/ —
As headlines of terrorist attacks and public shooting incidents dominate national and global news, it’s little wonder that national security and defense represent big business in today’s market. Among defense stocks that stand out, Patriot One Technologies, Inc. (TSX.V: PAT) (OTC: PTOTF) (Profile), Axon Enterprise, Inc. (NASDAQ: AAXN), Siemens AG (OTC: SMAWF), Lockheed Martin Corp. (NYSE: LMT) and Raytheon Company (NYSE: RTN) are developing innovative solutions to help solve the world’s security problems.
One differentiated player within the defense industry is Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF). In light of increased global concern of the threat of terrorist attacks, this company’s solutions are more relevant than ever.
Engaged in creating powerful solutions that minimize security risks, Patriot One employs novel radar technology for the detection of concealed weapons. The company’s disruptive PATSCAN technology, the first system of its kind and the next-generation version of the company’s award-winning NForce CMR1000 software and radar solution, is an innovative cognitive microwave radar system designed to instantly detect concealed weapons, even on moving targets.
This award-winning technology was developed through a NATO-funded project at McMaster University and is the first budget-friendly solution to be developed for active shooter prevention. The patent-pending solution boasts machine learning properties, which enable it to learn and identify new threats.
PATSCAN identifies individuals who are carrying weapons, including guns, knives or suicide vests, by analyzing metal content and then relating that content to a database of known weapon signatures. The system’s detection is real-time and fully computer-based, and because the solution is small, it can be covertly placed in doorways or hallways as a preventative measure against attacks in public places, such as stadiums, concert venues, schools, airports and more.
Unlike other weapons detection technology on the market, with Patriot One’s products, subject compliance ceases to be an issue, since individuals don’t know they are being scanned. Additionally, privacy concerns are eliminated since the solution does not generate an image of those it scans. Wherever PATSCAN is deployed, security personnel are automatically alerted if an active threat enters the premises, and the system has an impressive overall accuracy rate of 93 percent.
As Patriot One Technologies advances on its mission to become a world-class enterprise to increase public safety and deter acts of violence worldwide, the company leverages vast expertise in high-frequency electromagnetics, counter-terrorism, conflict resolution, government/corporate interface, sensor development, proactive security and business development. The company recently added to its board of directors John Gillies, a 33-year veteran of national and international security and intelligence.
Axon Enterprise, Inc. (NASDAQ: AAXN) (formerly TASER International) is also engaged in providing fresh technologies that protect life via a network of devices, applications and people aimed at helping law enforcement become smarter and safer. The company’s innovations began with its TASER electrical weapons back in the 1990s, and today, Axon continues to safeguard life in pioneering ways with its expanding suite of connected devices and apps, which include TASER smart weapons, body cameras, digital evidence management tools, in-car video solutions, records management systems, artificial intelligence automation and more. Axon’s technologies work collaboratively to automate outdated law enforcement processes so that officers can more quickly and effectively find the truth and serve their communities.
A significant aspect of operations for Siemens AG (OTC: SMAWF) is its defense-related solutions for both government and military, including offering Siemens PLM Software solutions to aerospace and defense agencies. Siemens boasts more than 55 years of defense collaboration and, as a partner in the security space, spans both the physical and virtual worlds as it integrates information and communication technology with industrial infrastructure, modernizing information technology and transforming operations and administration for national security bodies. The company is able to synchronize product and material life cycles, accelerate complicated global logistics systems, optimize border control for enhanced safety and speed, dynamically provision virtual access rights, deliver powerful military communication networks and revolutionize marine systems.
Part of the current defense-related innovations at Lockheed Martin (NYSE: LMT) is the company’s pioneering efforts in fiber lasers. Lockheed Martin is demonstrating that laser weapon systems can effectively halt land, air and sea targets and can be designed compactly and power-efficiently enough for tactical platforms on the move, supplying almost limitless ammunition with light-speed response.
The company’s technology is capable of defending against small rockets, artillery shells and mortars, small unmanned aerial vehicles, small attack boats and lightweight ground vehicles that are up to a mile away. As power levels increase for fiber lasers, Lockheed Martin’s systems will further be able to combat even larger threats across even greater distances. These systems can also serve as a force multiplier when operated in combination with kinetic energy systems.
Technology and innovation leader Raytheon Company (NYSE: RTN) also specializes in defense, civil government and cybersecurity solutions. Offering a huge array of defense and security related products and services, Raytheon is focused on global defense, including homeland protection, defending allies and protecting trade. The company’s air and missile defense systems include proven interceptors, radars and space sensors that work in concert to offer protection against ballistic missiles, cruise missiles, aircraft and other threats. The company’s SM-3 missile and Exoatmospheric Kill Vehicle successfully defeat warheads while they are still in space, and Raytheon’s JLENS aerostats offer regional defense from 10,000 feet for up to 30 days at a time. The company’s long-range radars further offer round-the-clock monitoring throughout the world.
The increasing frequency of terrorist actions and other significant public attacks in recent years has put security concerns at the forefront for the world’s citizens. A study of data from 1966 to date reveals a significant increase in mass shootings in the U.S. that outpaces any other country. Statistics for the 46-year period show that, while America represents only 5% of the world’s population, it accounts for 31% of all public mass shootings. According to data from the FBI, there were 160 incidents from 2000 to 2013, resulting in 486 deaths and 557 wounded. More recently, in 2014 and 2015, there were nearly six times as many incidents compared to 2000 and 2001. The disturbing increase in violence suggests that there will be increasingly more incidents if effective preventative measures aren’t taken.
The good news is that innovations offered by these companies represent powerful tools as nations fight back against threats and work to restore peace of mind for the public.
For more information on Patriot One Technologies please visit: Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF) or http://www.Patriot1Tech.com.
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.
FN Media Group, LLC
Media Contact e-mail: firstname.lastname@example.org