Millions of us have a need to feel safe at all times from threats. Unfortunately, many of us are greatly unaware of the security concerns that could be around us at anytime, anywhere, which could be a real danger. Unfortunately, the world has seen a rise in crime in recent months with civil unrest and the pandemic, and detection of potential threat is of utmost importance. After all, “Once a threat is detected in one venue, an alert can be sent out in the immediate area by having an interconnected security system. This will be picked up by other local security personnel in nearby sites, so they can be on guard to protect members of the public around their premises, as well as support law enforcement in finding and neutralizing the threat.” The necessity for threat detection is also creating a potential $163.4 billion market opportunity.
That’s creating opportunity for companies like Patriot One Technologies Inc. (TSX:PAT)(OTCQX:PTOTF), Shotspotter Inc. (NASDAQ:SSTI), Axon Enterprise Inc. (NASDAQ:AAXN), Johnson Controls International (NYSE:JCI), and Nice Ltd. (NASDAQ:NICE).
Patriot One Technologies Inc. (TSX:PAT)(OTCQX:PTOTF) BREAKING NEWS: Patriot One Technologies Inc., maker of the PATSCAN Multi-Sensor Threat Detection Platform, announces the deployment of its Platform at the Plaza Hotel & Casino.
The Plaza Hotel & Casino will begin its Phase 1 deployment of the PATSCAN Platform, offering increased security and safety for resort guests, staff and partners. In addition to the PATSCAN VRS component of the Platform for the detection of visible and invisible threats, such as weapons, disturbances, elevated body temperature identification and facial mask detection, the Plaza will also deploy Patriot One’s new PATSCAN Multi-Sensor Gateway for concealed weapon detection.
“We’re excited to bring this new innovative, AI-driven threat detection technology to the Plaza,” said Jay Franken, general manager of the Plaza Hotel & Casino. “Popular for a classic Vegas experience and conveniently located at the top of the Fremont Street Experience, the Plaza Hotel & Casino typically welcomes thousands of guests a day. So, we are pleased to be the first in the downtown area to implement new physical and health security solutions to better protect our guests and staff.”
“We’re excited to be working with the Plaza Resort & Casino in downtown Las Vegas,” shared Dietmar Wennemer, President and COO for Patriot One. “Our business development team has been working with a number of Las Vegas resorts and casinos since setting up operations in the city back in December 2017. With the commercialization of our PATSCAN Platform early this summer, and the re-opening of the resorts and casinos, we’re seeing an increase in interest for our solutions, including our elevated body temperature solution, which can assist in identifying potential viral threats. The Plaza has moved quickly, and we’ll begin deploying this quarter for the upcoming holiday season, including the Plaza’s New Year’s Eve fireworks celebration.”
Other related developments from around the markets include:
Shotspotter Inc. (NASDAQ:SSTI), the leader in solutions that help law enforcement officials identify, locate and deter gun violence, announced it has signed a definitive agreement to acquire Leeds, LLC, doing business as CrimeCenter Software. The acquisition will expand ShotSpotter’s suite of law enforcement solutions with the CrimeCenter line of investigative case management software. Leeds’ primary business is supplying a major metropolitan police department on the East Coast with CrimeCenter and a variety of IT-related professional services. Leeds has more than 30 employees and is based in Newark, New Jersey. Under the terms of the agreement, ShotSpotter will pay approximately $22 million in cash and stock, which includes a potential earnout of up to $5 million. The deal is expected to close in November and is subject to customary closing conditions. Upon closing, Leeds will become a wholly owned subsidiary of ShotSpotter.
Axon Enterprise Inc. (NASDAQ:AAXN) recently noted, “As 2020 enters the final stretch, Axon is on track to exit the year strong. We are pleased to report a surge in momentum in our business in the third quarter. We drove bookings growth of 62% sequentially and 56% year over year, aided by robust North American demand for body cameras and cloud software, and a rebound in TASER demand driven by the US federal and corrections markets. High-margin annual recurring revenue topped $200 million, doubling in two years' time. And we are on track to exceed our original 2020 financial targets — which is a testament to the mental toughness and dedication of our teams and the market's reception to our products that solve real problems.”
Johnson Controls International (NYSE:JCI), the global leader for smart and sustainable buildings, announced the launch of a new flexible service suite to its customers in Middle East & Africa. The new service suite will leverage Johnson Controls OpenBlue digital technology to power remote and contactless services, in combination with its 130-years of expertise in green building services. With more than 20 unique customizable options to cater to rising demands for Smart, Healthier, and Safer buildings, the new offering will be available in Middle East and Africa from October 2020. To address the needs of the Middle East & Africa market, the new unique service suite offers flexibility and brings digital capabilities to front line service delivery personnel and customers. These enhanced capabilities allow the remote monitoring and management of a comprehensive range of HVAC, controls and fire under any circumstances, including emergencies and during a pandemic. The new service suite is underpinned by significant investments in cybersecurity by Johnson Controls, which has earned the internationally recognized ISASecure® Secure Development Lifecycle Assurance certification for its product development practices.
Nice Ltd. (NASDAQ:NICE) just announced that for the third consecutive year, NICE Actimize, a NICE business and the industry leader in Autonomous Financial Crime Management, was named "Best Financial Crime Prevention Technology" category winner in Financial Technologies Forum / FTF News 2020 Technology Innovation Awards. The final award winners for this year’s competition were determined by votes cast online by FTF News’ readers and industry participants. The 2020 FTF Technology Innovation Awards honor software, services and systems that help firms withstand an onslaught of state-of-the-art financial crime.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Patriot One Technologies Inc. by a third party. We own ZERO shares of Patriot One Technologies Inc. Please click here for full disclaimer.
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