When it comes to solid plays from North of the Border, PATRIOT ONE TECHNO (OTCMKTS:PTOTF) is one Canadian OTC stock that has been performing quite well in 2018. Typically when we talk Canada stocks, it pertains to the cannabis industry, but we’re going to depart from that trend momentarily with this technology firm.
PATSCAN CMR™ (Cognitive Microwave Radar) concealed weapons detection system has achieved Federal Communications Commission (FCC) Declaration of Conformity certification. PATSCAN is also certified by the European Telecommunications Standards Institute (ETSI), making it saleable in 66 countries across Europe, the Middle East and Asia.
PATRIOT ONE TECHNO (OTCMKTS:PTOTF) has stated that PATSCAN CMR sales efforts currently focus on markets encompassing houses of worship, academic institutions, event centers, casinos, commercial offices, hotel properties, government agencies and other locations at high risk of terrorist attack or random violence. Interest and orders have been received from around the globe including the United Kingdom, Eurozone and Asia-Pacific regions.
With daily requests for PATSCAN globally, the product was recently featured prominently in coverage by Fox News, Security Today, and WIRED Magazine. Complementing this media coverage, PATSCAN will be seen publicly at events including the upcoming ISC West conference in April. The PTOTF Sales and Marketing team is planning to maximize event visibility directly and through various reseller and technology partner activities.
The New Year has also seen the appointment of new key members of the PTOTF team, including Robert Lex as Vice President of Operations, and Dr. Paul Rice, Ph.D. as Vice President of Research, two individuals that bring a wealth of experience and knowledge to the Patriot One board room.
Martin Cronin, Patriot One President & CEO states, “As we neared the end of 2017, we had the opportunity to reflect on what we had achieved in a remarkably short period since our inception just over a year ago. Given the extraordinarily positive global response for our efforts to-date, we identified that the Company had to look carefully at our operational structure. With the speed-to-market we have to achieve in 2018, we need to act decisively to ensure we can manage our projected business growth, product rollout and corporate alliances with key partners. I am delighted that Dinesh will now be available to focus on the bigger picture of corporate development and strategic alliances. No one has been as dedicated and worked more tirelessly as he has since the very start of this endeavor. It speaks volumes that his role will be replaced by a team. While the entire Board and myself are sincerely and personally very pleased to have his continued expertise at hand, we also are excited to welcome Robert and Paul to our growing leadership team. 2018 will see remarkable advancements, as we continue our efforts to rid the world of tragic and random acts of violence.”
We are very eager to follow the progress of PTOTF in getting the PATSCAN system to market. It seems that there is a new story on the news about either random or targeted violence in public spaces, and a technology like this is not only sorely needed, but could be a game changer in many arenas, both literal and figurative. We’ll stay up on any further developments with PTOTF and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free smallcap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in PTOTF stock, short or long.