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Patriot One Technologies Inc. (PAT.TO)

Toronto - Toronto Delayed Price. Currency in CAD
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0.9700-0.0100 (-1.02%)
At close: 3:59PM EDT
Full screen
Previous Close0.9800
Open0.9700
Bid0.9400 x 0
Ask0.9900 x 0
Day's Range0.9600 - 0.9800
52 Week Range0.5100 - 1.9000
Volume153,152
Avg. Volume400,509
Market Cap145.712M
Beta (5Y Monthly)0.92
PE Ratio (TTM)N/A
EPS (TTM)-0.1620
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.15
  • GlobeNewswire

    Patriot One Appoints Karen Hersh as Chief Financial Officer

    TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCANTM Multi-Sensor Threat Detection Platform, is pleased to announce the appointment of Karen Hersh as its Chief Financial Officer (“CFO”) and Corporate Secretary effective immediately.  In this role, Ms. Hersh will be responsible for overseeing all financial aspects of the Company, while supporting the board of directors on strategic matters relating to the commercial deployment of the Company’s PATSCAN Platform, corporate development initiatives and capital markets. Mike Barnsley, the current CFO, will support her transition into the role prior to retiring.   “We’re excited to welcome Karen to Patriot One, as she brings with her a great deal of expertise in financial management of both public and private companies,” shared Martin Cronin, CEO of Patriot One.  “Karen’s hands-on CFO experience in financial planning and reporting, corporate governance, business development and operations for start-up and growth stage technology companies makes her the right choice for this key C-Suite position.  She has a demonstrated and proven track record for leading cross-functional teams to achieve business objectives and value creation, which is critical as we continue to execute on our vision and capitalize on the market opportunity before us.”Ms. Karen Hersh joins Patriot One with over 20 years of experience across a broad spectrum of finance activities including financial reporting, strategic planning and corporate finance, including mergers and acquisitions (“M&A”). She has held several senior leadership roles, most recently as the CFO for a global private equity company focused on cybersecurity technologies where she was responsible for M&A, financial reporting, and portfolio management.  Prior to this role, Ms. Hersh held the positions of CFO at VIQ Solutions Inc. (TSXV:VQS) and Vice President of Corporate Finance & Investment Banking at PricewaterhouseCoopers LLP.  Ms. Hersh holds a Bachelor of Commerce from McGill University and is a Canadian Chartered Professional Accountant (CPA). “I’m very excited about the opportunity to work with this passionate team in moving its life-saving technology towards global deployments and success,” said Karen Hersh. “When first approached about this role, I was immediately impressed with the approach Patriot One is taking with its multi-sensor platform as being both unique and highly important to protecting our communities.   I am eager to assist the Company in bringing its vision to life and creating a world safer from acts of violence on our global citizens.”Mr. Mike Barnsley, the Company’s current CFO, has been looking towards retirement, and feels this is the right time as the Company moves from start-up to full scale operations with the PATSCAN Platform in commercial deployment.  Mr. Barnsley will ensure a smooth transition of duties to Ms. Hersh prior to his departure and will serve in an advisory role to the Company.“Today, we say goodbye to Mike, who has been a great influence for me, the board and our management team in steering Patriot One on this first leg of our journey from inception to productization,” expressed Peter van der Gracht, Chairman of the Board at Patriot One. “We wish him well in his retirement, but know he will be watching us closely, as he’s been an instrumental part of the Company and will want to see success of the PATSCAN Platform in saving lives and a way of life in all our communities.”About Patriot One Technologies:Patriot One’s mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee and public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances, or potential health and safety threats for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.For further information, please contact: Patriot One Technologies Inquiries info@patriot1tech.com  www.patriot1tech.comInvestor Relations John Martin, Patriot One Technologies                                           +1 (888) 728-1332                                                                              johnm@patriot1tech.com                                                                Media Contact Scott Ledingham, Patriot One Technologies                                  +1-613-806-7135                                                                                scott@prmedianow.comCAUTIONARY DISCLAIMER STATEMENT: No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

  • GlobeNewswire

    Patriot One to Deploy PATSCAN Platform with City of Cincinnati

    Ginter Electrical Expands Installations of Multi-Sensor Threat Detection Platform in OhioTORONTO, July 29, 2020 (GLOBE NEWSWIRE) -- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCAN™ Multi-Sensor Covert Threat Detection Platform, is pleased to announce the upcoming deployment of its PATSCAN Platform to integrator/reseller partner Ginter Electrical Contractors, LLC (“Ginter Electrical”) of Cincinnati, OH and the City of Cincinnati. “Working with Ginter Electrical and the City of Cincinnati to deploy our PATSCAN Platform in select government venues is a great opportunity to demonstrate how private industry and government can work together to ensure the public’s safety,” said Martin Cronin, Patriot One CEO. “We’re excited to deliver our covert threat detection solution that is not only focused on saving lives but saving a way of life that the city’s employees, residents and visitors have come to expect since its establishment in December 1788.”Five (5) PATSCAN Multi-Sensor Covert Threat Detection Platforms were shipped this week to Ginter Electrical in Cincinnati, Ohio, where they will be joined by Patriot One engineers and City of Cincinnati Facilities and Law Enforcement representatives to begin deployment of the platforms at select city facilities. Specific locations will not be disclosed.“City of Cincinnati officials have been closely following our efforts on the PATSCAN Platform deployment with the Cincinnati Reds Major League Baseball organization,” shared T.J. Dooley, Ginter Electricals’ Systems Integration Manager. “Following successful demonstration of the solution at the Reds’ undisclosed location, city management and law enforcement began to discuss plans for some initial deployments in select city buildings. We’re now ready to begin these deployments.”“We pride ourselves on being a forward thinking, innovative Midwest city; always looking for ways to enrich our residents’ and visitors’ lives, while keeping them safe,” shared Interim City Manager Paula Boggs Muething. “I am proud to be part of a nationwide group against gun violence, as we continue our own efforts to develop Cincinnati as a smart, safe city with safer, healthy communities. Bringing solutions like the PATSCAN Threat Detection Platform will help us achieve this goal. What started with our home team, the Cincinnati Reds at Great American Ball Park, will now expand across our great city. As it spreads across our state and nation, we can take pride in the fact that Cincinnati played a leading role.”Following the deployment of the initial five (5) PATSCAN Platforms, Patriot One and Ginter Electrical will work with the city officials on broadening deployment of the solution throughout other city facilities, as well as with other Ginter Electrical clients who have expressed interest in the multi-sensor threat detection platform.Respectfully“Martin Cronin”Martin Cronin, CEOAbout Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):Patriot Ones' mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances, or potential health and safety threats for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.About Ginter Electrical Contractors: Since 1998, Ginter Electrical has been providing high-quality, reliable commercial systems integration in the Greater Cincinnati/Tri-State area. As one of the most reliable and professional electrical contracting firms in the area, Ginter Electrical can provide full-service end-to-end, electrical solutions for all kinds of power systems. The company’s highly trained, high quality work force has over 200 years of combined electrical experience and is committed to providing its clients with the most comprehensive and efficient electrical and security solutions available, at a competitive price. As a family owned and operated company, we are proud of the high-quality workmanship we provide our friends and associates in the Greater Cincinnati area. To learn more, visit ginterelectric.com.For further information, please contact: Patriot One Technologies Inquiries info@patriot1tech.com www.patriot1tech.comInvestor Relations John Martin, Patriot One Technologies +1 (888) 728-1332 johnm@patriot1tech.comMedia Contacts: Scott Ledingham, Patriot One Technologies +1-613-806-7135 scott@prmedianow.comCAUTIONARY DISCLAIMER STATEMENT: No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

  • GlobeNewswire

    Patriot One Provides PATSCAN™ Platform Update

    The Company secured up to $4.5 million (CAD) in co-investment funding under a two-stage program that includes development and deployment of (i) a thermal screening module that highlights persons presenting with elevated temperatures in real-time, using commodity-priced thermal cameras, (ii) additional computer modules that detect the presence or non-presence of medical and non-medical masks and face coverings, and the ability to highlight persons and problem areas where social distance requirements are not being maintained, and (iii) cross-location temperature monitoring to help the prediction of future outbreaks based on the overall trending and the combination of quantifiable indicators. Stage One comprises up to $2.25 million in investment to demonstrate the development of the modules over a four to six-month timeframe with on-site deployments with five or more co-development customers.