3m range!... 50% improvement? Hello Gang,
All serious investors should read the Feb 6th prospectus on the financing on Sedar. It is full of great stuff including how they intend to spend the 22million and their latest timeline for roll out. A particularly encouraging data point I noticed was this:
"Principal Product
Patriot has licensed Cognitive Microwave Radar technology (“CMR-1”) developed at McMaster University. Patriot’s license is to develop, license, manufacture and market the CMR-1 systems worldwide. Patriot intends to use such technology to create an automatic warning system for screening of on-body concealed weapons (e.g., handguns, knives, grenades, explosive vests, etc.). The CMR-1 uses low power impulse radar system for the stand-off detection of on-body concealed weapons. The technology currently has a three (3) metre detection range, such that it can be concealed and deployed in high traffic areas, such as entryways, hallways, stairwells and other public spaces in airports, stadiums, schools and similar spaces. Patriot aims to make the technology compact and portable, as well as operate on microwave frequency range from 500MHz to 4.8GHz. Patriot aims to adapt its CMR-1 systems to recognize various weapons and non-threat targets (i.e., unarmed civilians) before deployment. Patriot believes this technology has extensive potential for use in enhancing military and/or law enforcement capabilities."
Until now what I had read indicated a 2m range. Way to go Patriot engineers. If I'm not mistaken the product just got 50% more effective as it relates to range. This is a big deal.
Long and strong on PAT.