For global economies to reopen successfully, people need to feel confident and safe. That being the case, some companies are racing to secure the health and safety of customers. One way to help is with threat detection systems that could be deployed all around the world in hospitals, schools, sports stadiums. In an effort to get the world back on its feet, and control the potential threat of the coronavirus, such technology can help detect if people have elevated temperatures, if people are wearing masks, and if social distancing is being followed. With such technology under demand, it’s opening a wide range of opportunity for companies including Patriot One Technologies Inc. (TSX:PAT)(OTCQX:PTOTF), Axon Enterprise Inc. (NASDAQ:AAXN), Johnson Controls International PLC (NYSE:JCI), Everbridge Inc. (NASDAQ:EVBG), and Napco Security Technologies Inc. (NASDAQ:NSSC).
Patriot One Technologies Inc. (TSX:PAT)(OTCQX:PTOTF) BREAKING NEWS: Patriot One Technologies Inc. developer of the PATSCANTM Multi-Sensor Threat Detection Platform, Los Angeles Football Club (LAFC) and Banc of California Stadium today announced an innovative expansion of their partnership to enhance security and arena safety at Banc of California Stadium. Together, Patriot One, LAFC and Banc of California Stadium will form “The Stadium & Event Safety Strategic Alliance,” which will utilize groundbreaking security technology to turn Banc of California Stadium into a global showcase venue to advance the vision of safety and security for public gathering spaces.
“The objective of ‘The Stadium & Event Safety Strategic Alliance’ is to establish a consortium of professional sports, and stadium security professionals to evaluate and pilot new physical security technologies, including those focused on health and safety due to the recent Covid19 pandemic and shutdown,” explained Phil Lancaster, SVP of Business Development & Government Relations. “The Group will also invite thought leaders within the Event and Professional Sports safety and security space to participate and discuss ways in which these new innovations can help shape the future of large-scale events, while mitigating acts of terrorism, active shooters, and viral and contagious threats.
By implementing Patriot One’s PATSCAN Platform, LAFC and Banc of California Stadium will continue to be an industry leader in event safety, and the Alliance will work with other professional sports organizations and stadiums around the world to share information on safety and security strategies.
“We’re excited to participate in the creation of this new strategic Alliance,” said Christian Lau, Chief Technology Officer for LAFC and Banc of California Stadium. “Our venue in the heart of Los Angeles will become the center for new and innovative physical and health threat identification and detection technologies, and we are looking forward to facilitating direct collaboration with other venues and teams around the world.”
Patriot One will implement its PATSCAN Multi-Sensor Threat Detection Platform modules at Banc of California Stadium beginning in June 2020. In addition, Patriot One will deploy its newest health and safety threat identification and detection modules - PATSCAN VRS-T Thermal Elevated Body Temperature and PATSCAN VRS-HS Facial Mask Detection modules - during this same period.
Other technology-related developments from around the markets include:
Axon Enterprise Inc. (NASDAQ:AAXN) announced the industry's first real-time mobile application that allows law enforcement to use a mobile device to remotely view live streamed Axon Body 3 camera or Axon Air drone footage. The Axon Aware app is bundled with and available at zero additional cost for all OSP7+ subscription plan customers, as well as all a la carte customers who have purchased Aware/Aware+ or Axon Air. Axon Aware is a critical new tool for public safety because one in four calls for service has a high chance of escalation. Axon Aware uniquely empowers responding officers to connect with support teams in real-time, both when they proactively ask for help to "watch their back," and driven by signal alerts within the Axon network. Launched in September 2019, Aware is built into Axon's latest generation of devices and services, including the Axon Body 3 camera and the Axon Air service for drone pilots. Aware has already proven to be a game changer for early adopters, such as the Cincinnati Police Department, which is using live-streaming capability to provide real-time intelligence to their crime center.
Johnson Controls International (NYSE:JCI) announced its fiscal second quarter results, including a set of immediate actions in response to the evolving conditions and unprecedented uncertainty related to the novel coronavirus (COVID-19) pandemic. "The health and wellness of our employees and their families will continue to be our priority. In an effort to protect our employees, including those on the front lines supporting customers and in all facilities, we have taken extra precautions to ensure this priority is met. I would like to thank each of our 105,000 employees for their continuous efforts in the battle against COVID-19, and for going the extra mile for our customers and stakeholders," said George Oliver, chairman and CEO.
Everbridge Inc. (NASDAQ:EVBG) announced that it has earned Frost & Sullivan’s prestigious 2020 Technology Leadership Award for best practices in the critical event management industry. This award recognizes companies that demonstrate excellence in growth, innovation, and leadership in their respective industries. “Everbridge provides a best-in-class Critical Event Management platform that enables organizations to break down the silos between their physical and cyber security teams to create one unified platform with actionable intelligence to ensure the safety and security of their employees and property,” said Danielle VanZandt, Industry Analyst at Frost & Sullivan. “Frost & Sullivan is honoring Everbridge with this Technology Leadership Award because of its demonstrated and revolutionary Critical Event Management platform and the company’s innovative technology, customer-centric design, impressive partner network, and strong overall performance,” added VanZandt.
Napco Security Technologies Inc. (NASDAQ:NSSC) announced financial results for its third fiscal quarter ended March 31, 2020. Richard Soloway, Chairman and President, commented, "We are encouraged by our Q3 record sales and profit performance, despite our having to navigate through the headwinds created by COVID-19. Importantly, since over 80% of our sales are conducted in the commercial security sector and thousands of our dealers are deemed an "essential service" during the pandemic, this provided our Company with some level of insulation to the fallout the economy is experiencing. Also, a large majority of our recurring service, subscription-based income stream is comprised of non-discretionary, commercial fire and intrusion alarm communication, largely mandated by local code and laws.
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