- Patriot One Technologies (PAT) announced its intent to rebrand as Xtract One Technologies Inc.
- The name change showcases the company’s ability to be a single source of digital innovation solutions
- The rebrand will align the company’s public image with its internal strategy
- The company will provide updates on the name and any stock symbol changes
- Patriot One (PAT) opened trading at C$0.56
Patriot One Technologies (PAT) announced its intent to rebrand as Xtract One Technologies Inc.
The name change showcases the company’s ability to be a single source of digital innovation solutions providing advanced patron experience, safety and business insights. Peter Evans, CEO of Patriot One, commented on the rebrand.
“We have been developing the company over the past year to become even more customer-centric and to address our customers’ most complex security issues. By leveraging innovative AI, our solutions are purpose-built to solve those customer issues. Our brand – including all the ways the company represents itself in its message, including the website, content, and, indeed, our name – was not current with a tech-forward company. We have taken specific steps, showcasing our technology as an elevated solution for the physical security industry as a whole. As we move forward, the value we deliver will further enhance this vision and expand to deliver incremental value to that patron experience.”
Patriot One has customers in a range of industries, including arenas and stadiums, manufacturing plants and government entities – underscoring the need for modern weapons detection and threat prevention anywhere that people gather.
More than ever, people are looking to feel safe, and Patriot One is part of the answer.
Over the past 18 months, Patriot One has refocused its product offerings and its go-to-market strategy to position itself as a trusted security provider and innovation partner to its customers.
The rebrand will align the company’s public image with its internal strategy. It is a key step in the Company’s efforts to bolster its portfolio of solutions to address the growing technology needs of its customers. The change will also see its AI and development arm, Xtract AI, become a fully integrated part of the organization.
“I have been asked by many why the name ‘Xtract One’,” continued Evans. “To me, it perfectly captures what we do – taking the hundreds, if not thousands, of data points and extract from the ‘One’ critical insight that customers require to execute their business security requirements efficiently and effectively.”
Patriot One Technologies makes unobtrusive, AI-driven weapons- and threat-detection systems.
Patriot One (PAT) opened trading at C$0.56.