TORONTO, ON--(Marketwired - May 2, 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 provide the following message from Company President and CTO Dinesh Kandanchatha.
Dear Shareholders, partners and stakeholders,
As President of Patriot One, I am pleased to provide an update of the Company's accomplishments in the first quarter of 2017
and the milestones we expect to achieve in the upcoming quarter.
The start of 2017 was marked by a number of significant events for the Company. First was our installation of demonstration
showcases involving several core verticals targeted by Patriot One through 2017 and 2018, including hospitality/gaming,
entertainment, and houses of worship. Beyond effectively demonstrating Patriot One's technology, these showcases garnered
significant interest from local media and the broader security community. Additionally, these live installations provided
valuable opportunities to further refine Patriot One's cognitive microwave radar system in real-world conditions. Over an
extended field trial period, the system successfully and consistently detected concealed weapons with zero false negatives and a
false positive rate of less than 5 per cent.
Next, Patriot One was honoured to receive a prestigious award from the Security Industry Association (SIA) for best new
counter terrorism/force protection product, as evaluated by security leaders from some of the world's largest security
organizations. The SIA presented the award during the ISC West conference in Las Vegas -- one of America's largest security
technology conferences. During the event, the Company also hosted two informative panel sessions, which included representatives
from the Company's newly announced business affiliates at Mutual Safe of South Africa and the University of North Dakota. These
experts also shared their insights on Patriot One's website
testimonial page.
To support Patriot One's central aim to deliver products in Q4 2017, the Company has intensified pre-sales preparations as
demonstrated by a significant backlog of pending orders. In fact, as of today, Patriot One's purchase commitments exceed the
Company's 2017 target production volume.
To achieve Patriot One's product delivery goals, a significant effort over the next 60 days will focus on meeting specific
certification obligations. Internal testing results of our technology through our rigorous Quality Assurance process indicate our
production system can meet or exceed all the requirements for both FCC and Industry Canada certification while meeting our
commitment to maintain the highest possible standard of efficacy. Currently, our production team is deep in the process of
completing the documentation and system requirements to submit for certification before the end of Q2.
Concurrent to these efforts, Patriot One is in conversations with three of the global security market's largest system
integrators. New members have been added to the Patriot One team to support the Company's system training and deployment program
through integration partnerships. Overall, the Company's production, engineering, marketing and sales programs are well
positioned to execute a planned ramp up through the second half of 2017 and into 2018.
Lastly, we have registered the trademark PATSCAN to protect branding activities that will underpin an expanded product line of
detection technologies based on Patriot One's Cognitive Microwave Radar (CMR) technology. Patriot One recently announced its
successful award of a federal NSERC (Natural Sciences Engineering Research Council) grant that will support existing research and
development dollars to accelerate the Company's new PATSCAN CMR covert concealed weapons detection system for fixed, mobile and
wearable applications and increase the manufacturing margins of Patriot One's current technology design.
In closing, I thank our Board for their counsel and guidance through this foundational year, as well as the Company's many
investors, both long-standing and those new to Patriot One, for their valuable feedback and support in the first quarter of
2017.
We are excited by the Company's achievements and prospects, and are committed to our ongoing mission to generate significant
results and shareholder returns going forward.
ON BEHALF OF THE BOARD
"Dinesh Kandanchatha"
President & Director
About Patriot One Technologies, Inc. (TSX VENTURE: PAT) (OTCQB: PTOTF) (FRANKFURT: 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.