Patriot One Selected for $4.5 Million CAD Co-Investment from Digital Technology Supercluster COVID-19 Program

Patriot One Technologies Inc., is pleased to announce it has been selected by Canada’s Digital Technology Supercluster for participation in a funding program for up to $4.5 million (CAD) in co-investment capital (the “Investment”) for the PATSCAN Multi-Sensor Threat Detection Platform (the “PATSCAN Platform”). This investment is proposed to fund the advanced development and deployment of the PATSCAN VRS health and safety detection modules for thermal elevated body temperature, facial mask screening, social distancing and contact tracing (the “Health & Safety Modules”) as part of the Company’s suite of video object recognition solutions.

The co-investment is subject to the completion of a definitive contract, which proposes to release funding under a two-stage approach to develop and deploy (a) a thermal screening module that highlights persons presenting with elevated temperatures in real-time, using commodity-priced thermal cameras, (b) 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 (c) cross-location monitoring and prediction of future outbreaks based on the overall trending of a combination of quantifiable indicators. Stage one is proposed to comprise up to $2.25 Million in Investment funding to demonstrate the development and deployment of Modules over a four to six-month timeframe on-site with five or more co-development customers, and commercial validation by one or more customers recruited as a co-development partner for Stage two. Following a successful Stage One deployment, the Company will receive a second Investment advance of up to $2.25 Million over a six to eight-month timeframe to refine the Health & Safety Modules and redeploy same with Stage One partners and customer(s). Expenses eligible for Investment are subject to the Supercluster’s COVID-19 Program Co-Investment Guidelines.

Recommended AI News: IBM and Red Hat Launch New Edge Computing Solutions for the 5G Era

The Health & Safety Modules are additional video object recognition solutions that have been added to the PATSCAN Platform, which also includes weapon detection, disturbance and fight detection modules.

“Our mission has always been to create safer communities by detecting dangers before they become a threat to our global citizens and communities,” shared Martin Cronin, CEO of Patriot One. “We believe our thermal camera solution will greatly help businesses, healthcare, retail, sport, entertainment, and hospitality industries as they re-open the economy. The thermal and facial mask screening solutions will allow property management to screen employees and customers for elevated body temperatures, and if detected, those individuals can proceed through secondary screening process for further evaluation, as well as for compliance with mask protocols.”

“The Health & Safety Modules can use off-the-shelf thermal cameras, powered with our PATSCAN artificial intelligence (AI) software, to identify and analyze instances of elevated body temperature,” explained Dietmar Wennemer, Patriot One’s new President and COO. “It is not as simple as installing a thermal camera and expecting to get a precise temperature reading; the fine temperature tolerances are not detected with every standard IR thermal camera. The key is in our use of machine learning to identify anomalies. Any anomalous detection outside a nominal body temperature range will result in an immediate alert, which will be instantly transmitted to onsite security for further action. This new thermal module is compatible with the PATSCAN Platform and compatible with all other solutions including the facial mask detection module. All detection Modules can be monitored remotely. We also have two excellent AI research teams that continuously enhance our AI features and the effectiveness of the computer neural networks we utilize for our advanced solutions.”

“We are proud to support the development and deployment of the PATSCAN Platform to improve the health and safety of all Canadians through the Health & Safety modules being developed by Patriot One,” said Sue Paish, CEO of the Digital Technology Supercluster. “This innovative screening technology will support Canada in safely re-opening the economy in the COVID 19 environment.”

Recommended AI News: Financial Strength Should Be a Key Consideration When Choosing the Right Cybersecurity Vendor in the COVID-19 Era

Development of the PATSCAN Platform’s VRS thermal elevated body temperature and facial mask detection modules has already begun, with testing in four (4) distinct North American settings, including a hospital, business office, sport stadium and law enforcement facility. Following these onsite client tests and evaluations, Patriot One and the Digital Technology Supercluster will discuss the commercial rollout and deployment of these new Health & Safety Modules across Canada, as part of the overall PATSCAN Multi-Sensor Covert Threat Detection Platform.

In addition, the Company has plans to undertake a corporate awareness campaign to raise its profile in the U.S. domestic investment community, and has engaged Winning Media, LLC (“Winning Media”) to provide Patriot One with a breadth of targeted digital media and corporate brand recognition initiatives. Winning Media is a Houston, Texas – based marketing agency that specializes in digital and corporate brand marketing services to enhance corporate visibility and retail investor awareness. The agency will handle specific functions of digital distribution of public information relating to the Company. Winning Media and its principals do not have any direct or indirect equity interest in the Company and will not receive any securities of the Company as compensation for their services.

Recommended AI News: HashCash to Help Banking Sector With Blockchain-Based Digital Identity to Streamline Remote Operations