Patriot One Technologies Announces Accuracy Enhancements to Video Recognition Software for Weapons and Threat Detection
TORONTO, May 13, 2021 (GLOBE NEWSWIRE) — Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”) today announced enhancements to its Video Recognition Software (VRS) for identifying weapons and other threats in crowds. Patriot One’s VRS is an advanced artificial intelligence (AI)-based video analytics solution that provides unprecedented accuracy in detecting threats and enabling businesses, schools and other organizations to protect employees, students, customers and assets. Businesses can also use its capabilities to gain valuable intelligence on customer traffic flow and behavior to optimize operations.
With the ability to accurately detect weapons and disturbances of up to 150 feet away, Patriot One’s VRS dramatically improves security and efficiency for organizations that host crowds or the general public, including retail stores, schools, casinos, entertainment venues and more.
“False positives are a huge problem with other AI-based video analysis systems, which is why their alerts need to be reviewed and validated by humans before any action can be taken. This squanders critical minutes in the incident detection and response cycle,” said Peter Evans, CEO of Patriot One. “VRS automatically validates alerts through multiple camera sources and a combination of AI analytic engines, so security staff can be correctly notified and briefed in real-time before a weapons incident or other type of disturbance arises.”
Unlike competitive offerings on the market, Patriot One’s VRS is compatible with any IP-based video surveillance system, eliminating the need for customers to “rip and replace” existing video infrastructure in order to obtain the benefits of AI-enabled video analytics.
“Patriot One’s VRS is highly effective at detecting weapons very early in the incident cycle, long before a perpetrator reaches a building, which dramatically increases the likelihood of being able to respond to threats before they impact employees and customers,” said Peter Giunchini, vice president, New York Security Solutions, Inc. “These advanced insights enable our customers to secure their locations and protect their stakeholders in a cost-efficient way, since they don’t have to install brand new hardware to take advantage of VRS.”
Key enhancements to VRS include:
High Fidelity Object Recognition: The system accurately detects guns while automatically distinguishing them from umbrellas, phones or other innocuous items. Its accuracy enables the system to notify security personnel at the earliest possible point in the incident cycle, so they can de-escalate potentially violent situations quickly.
People Counting: VRS Counting provides valuable intelligence both for crowd management and business operations, with information such as:
- Overall crowd size, which allows venue operators and other businesses to comply with fire and COVID-19 occupancy restrictions, as well as make smarter staffing decisions.
- Foot traffic in certain areas, which can be used for a variety of purposes including security staff deployment, retail merchandising business intelligence and optimization.
- Line formation and traffic management, which enables businesses to take action for a wide variety of applications, ranging from improving the customer experience at concession stands, to optimizing distribution center operations. Additionally, understanding customer flows at different times of day can inform staffing and operations.
- Detecting anomalous concentrations of people, which could indicate emerging incidents such as fights, medical emergencies or other disturbances.
“Patriot One’s VRS gives business owners a pre-emptive technology solution that can prevent gun and other violence in the places where people gather, while also providing health and safety information that helps with compliance and operations,” Mr. Evans continued. “When coupled with Patriot One’s Multi-Sensor Gateway (MSG) touchless threat detection system for points of entry, VRS provides unparalleled security and operational intelligence across the entire physical footprint: outside, at the point of entry and inside the building.”
For more on VRS capabilities please visit https://patriot1tech.com/patscan/video/.
About Patriot One Technologies
Patriot One Technologies makes unobtrusive, artificial intelligence (AI)-driven weapons and threat detection systems that enable arenas, schools, theaters and other businesses to provide unprecedented safety while also improving the customer experience. The company’s Multi-Sensor Gateway enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic, and its AI-based Video Recognition Software (VRS) enables venue and building operators to identify weapons and other threats inside and outside of facilities, while also providing valuable intelligence for optimizing operations. Follow us on Twitter @patriot1tech.
For further information, please contact:
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 system sales, 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”,” believes”, 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 counterparty default 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 only as expressly required by applicable law.
Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.