NetworkNewsWire Editorial Coverage: 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)
(OTCQB: PTOTF) (Profile), Axon Enterprise,
Inc. (AAXN), Siemens AG (SMAWF),
Lockheed Martin Corp. (LMT) and Raytheon
Company (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. (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 includes 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
(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 (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
(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 day 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 www.Patriot1Tech.com
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Patterson Metals (TSXV:PAT)
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