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Patriot One's Xtract wins $975,000 government contract

2020-02-05 08:23 ET - News Release

Mr. Martin Cronin reports

PATRIOT ONE'S XTRACT.AI DIVISION SECURES $975,000 CONTRACT FOR DEPARTMENT OF NATIONAL DEFENSE

Xtract Technologies Inc., a subsidiary of Patriot One Technologies Inc., has secured a $975,000 contract with Canada's Department of National Defense through the Public Works and Government Services Canada Division.

The contract is for a project related to improving situational awareness for the Canadian Armed Forces (CAF) and security personnel using video analytics, artificial intelligence and augmented reality. This project will continue previous work completed by Xtract.ai for the CAF to develop technology solutions to augment the situational awareness of its soldiers and address the following challenges:

  • Detect, recognize and identify persons or objects of interest in a physical environment; and/or
  • Track identified persons and objects of interest using seamless information sharing across a decision network.

Work will proceed in multiple phases, including the design, development and deployment of advanced machine learning models, proprietary data sets and integration with advanced visualization hardware.

"We're very excited to leverage the Xtract.ai team's expertise in video analytics, object detection and artificial intelligence with the Canadian Department of National Defense," expresses Martin Cronin, chief executive officer of Patriot One Technologies. "With the work Xtract.ai has be doing with several clients, as well as on Patriot One's Patscan multisensor covert threat detection platform, the team brings tremendous experience in video analytics and threat object detection and look forward to delivering a high-performing solution that we hope will augment our military personnel in their service to our country."

The Xtract.ai team is already under way in the project's design and development phase, and will make announcements, as required, on the progress of its efforts in achieving the goals of Canadian Department of National Defense.

About Xtract Technologies Inc. -- a subsidiary of Patriot One Technologies

Xtract.ai develops and commercializes artificial intelligence, machine learning, deep neural networks and predictive solutions utilizing advanced technology for public institutions and private enterprise. The firm has an award-winning, highly skilled team that develops AI solutions to solve challenges across computer vision (CV), natural language processing (NLP), anomaly detection and time-series analysis for applications ranging from security and defence to environmental solutions and health care.

About Patriot One Technologies Inc.

Patriot One's mission is to deliver innovative threat detection and counterterrorism solutions for safer communities. The company's Patscan multisensor covert threat detection platform provides a network of advanced sensor technologies with powerful next-generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities.

We seek Safe Harbor.

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