Subscribe
Be the first with the news that moves the market- Patriot One Technologies (TSX:PAT) has announced a C$4.5 million investment from Canada’s Digital Technology Supercluster
- Patriot One will use the investment to develop the public health and safety module of its PATSCAN technology
- The company hopes to develop a version of the technology that uses thermal cameras to detect elevated body temperatures in coronavirus sufferers.
- Two of Patriot One’s teams are developing the AI the system that would be needed to monitor body temperatures
- Patriot One Technologies (TSX:PAT) is up 10 per cent and is trading at $0.78 per share with a market cap of $117 million
Patriot One Technologies (TSX:PAT) has announced a C$4.5 million investment from Canada’s Digital Technology Supercluster.
Patriot One will use the investment to develop the public health and safety module of its PATSCAN technology.
PATSCAN is a digital multi-sensor threat detection platform, with the investment going towards development of the PATSCAN VRS version of the technology.
PATSCAN is a modular technology, and PATSCAN VRS is a version of the digital technology focused on public health and safety, something incredibly important in the current climate.
The health and safety detection modules can perform elevated thermal body heat detection, facial mask screening, monitor social distancing and conduct contract tracing.
The company hopes to develop a version of the technology that uses thermal cameras to detect elevated body temperatures in coronavirus sufferers.
The company aims to apply machine learning to the anomalous heat signatures from coronavirus suffers.
The company currently has two separate AI teams working on solving this problem.
The $4.5 million investment comes from the Digital Technology Supercluster, an organisation made up of over 500 companies across Canada that is focused on investing in Digital technologies.
Martin Cronin, the CEO of Patriot One, said the company’s mission had always been to create safer communities, by detecting dangers before they become threats to our communities.
“We believe our thermal camera solution will greatly help businesses, healthcare, retail, sport, entertainment and hospitality industries as they re-open the economy,” he said.
Patriot One Technologies (TSX:PAT) ) is up 10 per cent and is trading at $0.78 per share at 3:04pm EDT.
