Axon vs Patriot OneAxon Taser vs Patriot Patscan
Lots of promoters have been selling the idea that Patriot One is the next Axon.
The Patscan technology makes it logistically impossible for Patriot One to achieve Axon’s status and market cap.
The Axon Taser gun is true plug n play technology. 30 seconds of training and anyone can accurately fire a Taser round.
Patscan can never be plug n play so the pace of sales and installation will be very very slow. Each installation requires and full calibaration of the system to the background and to the expected pedestrian traffic. This will take many weeks at each installation. If a facility orders 10 Patcans (10 x $10,000 = $100,000) that is a many weeks or even a few months of calibration work. Just not a profitable model.
It is beyond imagination how Patriot One expects to install even 500 units. Unitedeye is just too small and no better than a small family business. Even a global reseller will make too little money to want to promote this product.
Patriot One has zero chance of achieving sales and installation number to even justify a $20 Million valuation. Cannaccord did their PP client a big dirty but everyone makes mistakes including large companies like Cannaccord. Lots of dreamers on the Facebook Pat page who believe in the religion of Patriot One but don’t fall under that foolish spell. Lots of small accounts going to get hurt badly. Looking back people going to think $1.44 was a great exit price. Within 12 months re-read this post and tell me I'm wrong.