Patriot One Technologies Inc. developer of a revolutionary concealed weapons detection system, advises today that its university research partner was awarded CAD$161,321 from the Natural Sciences and Engineering Research Council`s (NSERC) Idea to Innovation Phase II Grant, which will help to advance and further evolve its Intellectual Property (IP) portfolio.
NSERC`s grant, along with cash and in-kind contributions from Patriot One, creating a total project value of almost CAD$355,000, will assist in propelling the Company towards new products and solutions for the detection of concealed weapons. Proposed advances include practical trials aimed at commercial development of low power wearable and vehicle mounted adaptations of its innovative software and related hardware solution.
News of the funding comes at a time of growing public interest as the Company recently received significant industry recognition of its efforts as category winners (Anti-Terrorism & Force Protection) at the 2017 Security Industry Association`s (SIA) New Product Showcase (NPS) component of the ISC West conference and trade show, the largest annual industry event of its kind in North America.
Patriot One CTO, Dinesh Kandanchatha notes, "Even as we bring our initial product to market, our strategic long term planning actually began some time ago when we began discussions to look at alternative threats and ways of addressing those needs through product adaptation. Today`s announcement brings us that much closer to delivering our latest technology 2.0 platform, what we are calling PATSCAN, the next generation of our award-winning Patriot One NForce CMR1000 software and radar solution. We thank NSERC and our partners for making today`s funding announcement possible and look forward to continued success as we move forward with new and exciting advancements to our technology."
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