Company advances concealed weapons detection opportunity with global partner
TORONTO, ON--(Marketwired - Apr 26, 2017) - Patriot One Technologies Inc., (TSX VENTURE: PAT) (OTCQB: PTOTF)
(FRANKFURT: 0PL) ("Patriot One" or the "Company"), developer of a revolutionary award-winning concealed weapons detection system,
is pleased to announce its entry into an agreement with a strategic industry partner aimed at significantly broadening its
ongoing product commercialization activities.
The opportunity is being undertaken with a well-established and industry leading organization recognized as a Tier 1 Systems
Integrator with offices and facilities around the globe. Patriot One has entered into an agreement which provides for a technical
evaluation by both parties to identify operational efficiencies and opportunities employing Patriot One's concealed weapons
detection software and related hardware components. This will be accomplished through a series of integration tests with the
partner.
Both parties have indicated a willingness in principle to enter into a Value-Added Reseller (VAR) relationship whereby Patriot
One may appoint the partner as a sales representative for several potential major markets. The terms and conditions of such a
commercial relationship are planned for discussion throughout the evaluation period.
Company CEO Martin Cronin notes, "Working with major commercial partners exactly aligns with our business model, as it offers
extraordinarily attractive opportunities to propel our product roll-out and holds the potential to drive significant awareness of
our product's ability to decrease the menace of random public violence. We are benefitting from a period of intensifying interest
and have greatly appreciated inquiries from a number of leading integrators, major potential distributors and resellers from
literally around the globe. We attribute much of this interest to our recent and highly successful award-winning debut at ISC
West in Las Vegas. It's an exciting time at Patriot One and we thank everyone for their ongoing commitment and interest in our
endeavour."
ON BEHALF OF THE BOARD
"Martin Cronin"
President & Director
About Patriot One Technologies, Inc. (TSX VENTURE: PAT) (OTCQB: PTOTF) (FRA: 0PL):
Patriot One has developed PATSCAN™ the next generation of its award-winning Patriot One Technologies™ NForce
CMR1000 software and radar solution. PATSCAN™ is a first-of-its-kind Cognitive Microwave Radar concealed weapons detection system
as an effective tool to combat active shooter threats before they occur. Designed for cost-effective deployment in
weapon-restricted buildings and facilities, the Patriot One software solution and related hardware can be installed in hallways
and doorways to covertly identify weapons and to alert security of an active threat entering the premises. Owner/operators of
private and certain public facilities can now prominently post anti-weapons policies with compliance assured. The Company's motto
Deter, Detect and Defend is based on the belief that widespread use of its technology will act as an effective deterrent, thereby
diminishing the epidemic phenomena of active shooters across the globe. For more information, visit: www.patriot1tech.com.
Patriot One Technologies are proud winners of the 2017 Anti-Terrorism / Force Protection category of the Security
Industry Association's New Product Showcase at ISC
West.
CAUTIONARY DISCLAIMER STATEMENT:
No Securities Exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.
This news release contains forward-looking statements relating to product development, licensing, commercialization and
regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified
by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements
of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's
expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from
time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many
of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of
the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as
expressly required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.