VRS - YET ANOTHER Lie worthy of CLASS ACTION Hey Golden
HOW DARE I QUESTION THE LIES , SHAME ON ME !!!
Where aret thou VRS ? or should I say Xtract one Vision (ROTFLMAO)
TORONTO, May 23, 2019 (GLOBE NEWSWIRE) -- Patriot One Technologies Inc.(TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One”, “Patriot One Technologies” or the “Company”), is pleased to announce that it has entered into a binding reseller agreement (the “Agreement”) with West Virginia-based Cramer Security & Investigations, Inc. (www.cramersecurity.com) (“Cramer Security”) to distribute Patriot One’s PATSCAN VRS commercial units. The Agreement is for an initial term of five years, and pursuant to the Agreement Cramer Security has acquired an initial 3-year lease of the solution as a first phase approach to deploying the PATSCAN multi-sensor covert threat detection platform across a broad range of its end customers. The Agreement requires Cramer Security to use its commercially best efforts to deploy at least 150 PATSCAN VRS systems, including associated software license, maintenance and support (together the “System”), which, provided the minimum yearly commitment is met, represents a value of $6,285,166 CAD ($4,672,800 USD) over this 3-year lease period. The Agreement includes minimum yearly sales requirements in order for Cramer Security to maintain its System pricing equal to 50 Systems in the first year, no less than 100 Systems by the end of the second year, and no less than 150 Systems by the end of the third year.
This initial PATSCAN VRS commercial deployment effort follows successful pilots and product demonstrations at client sites, as well as at the International Security Conference and Exposition (ISC West) in Las Vegas last month, April 9-12, 2019.
“Cramer Security has long been a supporter of Patriot One and its mission to provide innovative threat detection and counter-terrorism solutions for safer communities,” shared David Utt, Vice President of Cramer Security. “Adding PATSCAN solutions to our current and future clients’ security technology infrastructure will enable our 500+ officers to better protect their customers, employees and properties from the horrific terrorist and lone actor attacks our communities are witnessing.”
Since 2003, Cramer Security has been servicing clients in the mid-Atlantic region of the US as a security system integrator and provider of security personnel. The company has been engaged with Patriot One for the past two and a half years and was part of its pilot program in Q1, 2019.
“We’re extremely honored that David and his team at Cramer Security & Investigation have placed their trust in our covert, multi-sensor approach to threat detection,” advised Martin Cronin, CEO and President of Patriot One Technologies. “They have been unswerving in their support as we work to successfully deliver our PATSCAN VRS solution to the marketplace. We look forward to working with their engineers and installers to deliver our systems into the marketplace quickly and effectively. This reseller agreement represents a major milestone for the Company, as we transition from development of our proprietary technology to deploying same in real world situations. This is a very exciting time in the Company’s history.”
On Behalf of the Board,
“Martin Cronin”
Martin Cronin, Chief Executive Officer