NEW YORK, November 15, 2016 /PRNewswire/ --
New technologies are expected to contribute in a major way to the growth of the security and surveillance radar markets.
According to a recent research by MarketsandMarkets the security and surveillance radar markets are expected to grow at a CAGR
rate of 5.97% and reach $8.61 billion in value by 2020. The global security & surveillance
radar market is broken into three major segments: land-based, maritime, and airborne radar. It is also segmented into defense
application and civilian application. Patriot One Technologies Inc. (PAT.V), TASER International Inc. (NASDAQ: TASR), Smith &
Wesson Holding Corp (NASDAQ: SWHC), FLIR Systems Inc. (NASDAQ: FLIR), Esterline Technologies Corporation (NYSE: ESL).
After continuous threats from inspired terror attacks in Europe and the United States, there has been pressure on the surveillance industry to come up with a solution. The new
technologies and innovative projects include a wide variety of advancements in different fields, including Biometrics, Cloud
Based Security, Big Data, Cybersecurity, Explosives Trace Detection (ETD), Standoff Explosives & Weapon Detection,
Tomographic Explosive Detection Systems and more.
A small company in this large sector, Patriot One Technologies Inc. (TSX-V: PAT.V) states that along with a research
team at McMaster University, a well-respected Canadian center for research, and led by the expert
guidance of Dr. Natalia Nikolova (EEE Fellow, CAE Fellow, P.Eng. Professor, Canadian Research
Chair in High-Frequency Electromagnetics) have come together in a quest to commercialize a system to detect concealed weapons
utilizing novel radar technologies. The company has an innovative radar technology providing first responders and security
personnel valuable time in Active Threat scenarios. The technology offers stand-off detection of concealed threats typically
employed in public locations. Patriot One's technology is its "cognitive" ability to detect guns and knives as well as to assess
threats. The system is trained prior to installation and continues to learn upon deployment, getting better and smarter at
detecting hidden weapons with each screening instance. Patriot One is working to move this revolutionary technology ahead as
rapidly as possible in order to address the growing global need for effective Active Threat management, including Active Shooter
events, in an increasingly threatened world.
Patriot One Technologies Inc. announced yesterday that, it has commenced trading on the TSX Venture Exchange under the symbol
"PAT." Additionally, the Company announces the launch of its new and revolutionary NForce CMR1000 concealed weapons detection
system, which employs an innovative, radar technology that autonomously recognizes signature identification patterns of
prohibited items such as guns or knives prior to their entry into monitored areas.
Company CEO Martin Cronin states, "Our motto is also our goal: 'We aim to Deter, Detect and
Defend against random acts of senseless violence in our schools, offices, shopping centers, transit stops, theatres, nightclubs
and anywhere else innocent people work, live and play.'" Mr. Cronin says the Company's technology counters an ongoing threat to
public safety. "It's time to make soft targets hard without impacting citizens' rights and freedoms. We believe, as do many
others, that NForce promises a practical solution to prevent many violent acts that can lead to loss of life, and we plan to
deliver on that promise."
The Company recently held a successful pre-launch industry event during the International Association of Chiefs of Police
(IACP) Conference in San Diego, which featured former US Secretary of Homeland Security
Tom Ridge as keynote speaker. The invitation-only event, which was well-attended by Chiefs of
Police and other law enforcement officials, provided the Company with a prime opportunity to garner NForce product interest as
well as high-level feedback from leading members of the domestic and international public safety sectors. Inspired by the
response, the Company has further accelerated its efforts towards product evaluation trials, documentation and marketing, all of
which will ultimately support a commercial sales launch anticipated for the second half of 2017.
Currently, the Company's NForce CMR1000 covert concealed weapons system prototype development program is continuing to lead
towards a fully integrated alpha demonstration product. Preparations for a series of upcoming field studies employing real-world
threat scenarios will include the participation of several leading Canadian and U.S. commercial and public sector partners, which
will help evaluate NForce alpha product performance through Q1 2017.
TASER International Inc. (NASDAQ: TASR) Smart Weapons help act with self-assurance in the field. The company produces
Tasers to save lives, decrease injuries to officers and suspects, and defend the truth with firing logs. Having firing logs help
regulate when an event occurred, how long a weapon was armed, and when the trigger was held, so having additional data points to
justify decisions made in the field. The company's Smart Weapons also work seamlessly with other Axon solutions, letting
officials to have a better understanding of what happened on scene. A TASER Smart Weapon can wirelessly report its status, such
as being armed or a trigger pull, so your Axon cameras can sense specific events and activate recording to the user capture vital
footage during critical situations.
Smith & Wesson Holding Corp (NASDAQ: SWHC) announced that the company's M&P Competition Optics Ready Equipment
pistol is presented in the Gun Digest "Gear of the Year" issue. The M&P C.O.R.E. pistol was one of eight semi-automatic
handguns entitled to this exclusive list. In this particular review, the M&P C.O.R.E. was famous for its accuracy,
reliability, and ability to be easily configured to accept popular, aftermarket red-dot or reflex sights. "While the M&P
Series has earned a reputation as one of the most reliable and accurate striker-fired pistols available today, the C.O.R.E.
edition is a fantastic advancement for shooters looking to add optics to their platform and marks
one of the truly great advancements in technology in the last year," said Eric Conn, Editor
in Chief of Gun Digest.
FLIR Systems Inc. (NASDAQ: FLIR) proclaimed the Griffin G465 Gas Chromatograph-Mass Spectrometer (GC/MS) for
chemical threat identification, the latest addition to the Griffin G400-Series GC/MS family. Designed for vehicle
integration and MIL-STD 810G rugged specified, the Griffin G465 operates in mobile and forward deployed labs, recon vehicles, and
other portable platforms with real-time survey mode for vapor, liquid, and solid threat identification. The Griffin G465's
industry-leading chemical matching techniques produce high-confidence outcomes and remove the need to understand data in the
field so field operators can make quick and improved decisions in complex field environments, guaranteeing the safety of both the
operators and the public.
Specialized manufacturing company, Esterline Technologies Corporation (NYSE: ESL) designs, manufactures and markets
engineered products and systems for application within the industries it serves. Esterline operates through three particular
segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. Its Avionics & Controls segment contains
avionics systems, control and communication systems, and interface technologies capabilities. Its Sensors & Systems segment
takes account of power systems, connection technologies and advanced sensors capabilities. Its last segment, Advanced Materials
consist of engineered materials and defense technologies capabilities. It manufactures control sticks, grips and wheels, as well
as specialized switching systems. It develops and manufactures high-precision temperature, pressure and speed sensors for
aerospace customers and electrical interconnection systems and also combustible ordnance and countermeasures for military
applications.
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