Patriot One Pre-qualifies for up to $1 Million (CAD) by Canadian Government’s Build in Canada Innovation Program
TORONTO, Dec. 05, 2018 (GLOBE NEWSWIRE) — Patriot One Technologies Inc. (TSX.V: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developers of the award-winning PATSCAN™ covert weapon detection system, is pleased to announce its pre-qualification for up to $1 million (CAD) from the federal government’s Build in Canada Innovation Program (BCIP) for testing by the Department of National Defence.
About the Build in Canada Innovation Program (BCIP): The BCIP program helps innovators in four different ways:
- land a first major reference sale,
- sell their innovation, but keep and control the intellectual property,
- get their innovation tested in real-life settings and
- gain feedback to help advance products to market faster.
BCIP Proposal 007 Process: As a BCIP innovator, Patriot One submitted its proposal to the program in early 2018 once the Company’s PATSCAN threat detection solutions achieved an adequate Technology Readiness Level (TRL). Under call for proposals 007 guidelines, the Company was evaluated on the merit of innovation. Upon pre-qualification, the BCIP program sourced a Canadian Government Department as test partner.
Contract Value: The BCIP program opportunity pays up to $500,000 for non-military innovations and up to $1,000,000 for military innovations. Patriot One was pre-qualified under the military innovation component of the BCIP program.
Military Component: There are six priority areas within the military component. These priority areas include (i) Arctic & Maritime Security, (ii) Command & Support, (iii) Cyber-security, (iv) In-Service support, (v) Protecting the Soldiers and (vi) Training Systems. Patriot One meets several of these priority areas, specifically: Arctic/Maritime Security and Protecting Soldiers.
“We are excited to pre-qualify for up to $1 million (CAD) for the Military Component of the Build in Canada Innovation Program,” expressed Martin Cronin, CEO and President of Patriot One Technologies. “The ability to test our PATSCAN CMR and some of our other threat detection solutions in a real-life setting with an arm of the Department of Defense is exciting for our entire team. As a Canadian-based company, we are truly honored to be part of this effort to protect our serving military personnel around the world.”
Martin Cronin, CEO
Patriot One Technologies Inc.
About Patriot One Technologies, Inc. (TSX.V:PAT) (OTCQX: PTOTF) (FRA: 0PL):
Patriot One has developed the PATSCAN™ next generation software and sensor solution for the covert detection of weapons threats. Designed as an innovative and effective platform to combat active shooter threats before they occur, the system features the award-winning PATSCAN™ CMR cognitive microwave radar system. Built for cost-effective deployment in weapon-restricted buildings and facilities, the Patriot One software solution and related hardware systems can be installed at key access points to covertly identify weapons and to alert security for the intervention of active threat events before they commence. Owner/operators of private and 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.
The Build in Canada Innovation Program (BCIP) helps Canadian companies of all sizes move their state-of-the-art goods and services from the laboratory to the marketplace. The program helps innovators land a first major reference sale, sell their innovation, but keep the intellectual property, get their innovation tested in a real-life setting, and gain feedback to help get products to market faster. The program pays up to $500,000 for non-military innovations and up to $1,000,000 for military innovations. Visit: https://www.tpsgc-pwgsc.gc.ca/app-acq/picc-bcip/priorites-priorities-eng.html.
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Scott Ledingham, PR Media Now
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