Patriot One Technologies reports that it’s business development team is celebrating the commencement of international sales force engagement and entry into the global marketplace.
This announcement establishes multiple reseller commitments representing the launch of international reseller operations and activates contractual multi-year commitments unique to each territory.
The initial overseas commitments cumulatively represent CAD$1.96 million through their PATSCAN reseller network, with further demand driving additional purchase orders which are currently under review.
When combined with previously announced North American reseller commitments, the Company is pleased to have converted sales leads into long term commitments with a potential CAD$8.1 million under contract over an initial three-year period.
The agreements require each reseller to use their best commercial efforts to deploy the PATSCAN Platform, including associated software licenses, maintenance and support programs throughout the engagement period. Initial product shipments to the international partners are scheduled to commence in August 2019.
Patriot One is focused on driving sales and expanding its reseller network across the Americas, EMEA and Asia Pacific (APAC) regions. The Company looks forward to making additional announcements whenever commercial licensing agreements allow.
?We?re excited about these initial commitments from our international resellers,? expressed Martin Cronin, Patriot One CEO.
?We are building relationships based on trust and our partners are excited to be introduced to the power of our approach, which is based on the integration of multiple threat detection sensors into our PATSCAN Platform.?
?Our philosophy is to employ the right sensors to suit the specific task and environment,? Cronin continues, ?We believe that both technology and the nature of violent acts evolve, and so our strategy ensures that we stay ahead of disruptive technologies and emerging threats through diversification and constant technical advancement.
To that end, all our technologies extensively benefit from networked artificial intelligence (AI) environments and multi-sensor redundancies to ensure ongoing market-leading relevance.
In effect, our Platform aims to offer an adaptively layered approach to threat detection for the protection of weapon restricted buildings or venues anywhere on the planet – forever. This is an approach that we are finding resonates with our sales prospects as an effective long-term global business strategy.?
In related news, Patriot One advised that its growing PATSCAN Platform now encompasses four uniquely compatible covert threat detection sensor / software components. The latest addition is the innovative PATSCAN TMS which Patriot One has secured with exclusive global commercial licensing rights in perpetuity.
PATSCAN TMS employs intelligent targeted magnetic sensor technology that can detect on-body or in-bag location of a growing list of concealed threat objects, such as long barreled weapons and bombs. The system is ideal for schools, universities, stadiums, event venues, resorts, casinos, government and office buildings.
Operationally, when two or more people pass between the concealed sensors at the same time, the TMS sensor components will identify which individual is carrying the threat object and where it is located on-body or in-bag.
Other technologies, such as millimeter wavelength and thermal imaging sensors, may pinpoint where threat objects can be found, but these solutions also reveal and display an actual body image and are high-cost systems. The extremely cost effective TMS sensors do not require nor generate a body image, thus protecting an individual?s personal rights and privacy.
?Privacy issues are an increasingly
Source: patriot1tech.com