NEW YORK, November 15, 2016 /PRNewswire/ --
New technologies are expected to contribute in a major way to
the growth of the security and surveillance radar markets.
According to a recent research by MarketsandMarkets the security
and surveillance radar markets are expected to grow at a CAGR rate
of 5.97% and reach $8.61 billion in
value by 2020. The global security & surveillance radar market
is broken into three major segments: land-based, maritime, and
airborne radar. It is also segmented into defense application and
civilian application. Patriot One Technologies Inc. (PAT.V), TASER
International Inc. (NASDAQ: TASR), Smith & Wesson Holding Corp
(NASDAQ: SWHC), FLIR Systems Inc. (NASDAQ: FLIR), Esterline
Technologies Corporation (NYSE: ESL).
After continuous threats from inspired terror attacks in
Europe and the United States, there has been pressure on
the surveillance industry to come up with a solution. The new
technologies and innovative projects include a wide variety of
advancements in different fields, including Biometrics, Cloud Based
Security, Big Data, Cybersecurity, Explosives Trace Detection
(ETD), Standoff Explosives & Weapon Detection, Tomographic
Explosive Detection Systems and more.
A small company in this large sector, Patriot One
Technologies Inc. (TSX-V: PAT.V) states that along with a
research team at McMaster University, a
well-respected Canadian center for research, and led by the expert
guidance of Dr. Natalia Nikolova
(EEE Fellow, CAE Fellow, P.Eng. Professor, Canadian Research Chair
in High-Frequency Electromagnetics) have come together in a quest
to commercialize a system to detect concealed weapons utilizing
novel radar technologies. The company has an innovative radar
technology providing first responders and security personnel
valuable time in Active Threat scenarios. The technology offers
stand-off detection of concealed threats typically employed in
public locations. Patriot One's technology is its "cognitive"
ability to detect guns and knives as well as to assess threats. The
system is trained prior to installation and continues to learn upon
deployment, getting better and smarter at detecting hidden weapons
with each screening instance. Patriot One is working to move this
revolutionary technology ahead as rapidly as possible in order to
address the growing global need for effective Active Threat
management, including Active Shooter events, in an increasingly
threatened world.
Patriot One Technologies Inc. announced yesterday that, it has
commenced trading on the TSX Venture Exchange under the symbol
"PAT." Additionally, the Company announces the launch of its new
and revolutionary NForce CMR1000 concealed weapons detection
system, which employs an innovative, radar technology that
autonomously recognizes signature identification patterns of
prohibited items such as guns or knives prior to their entry into
monitored areas.
Company CEO Martin Cronin states,
"Our motto is also our goal: 'We aim to Deter, Detect and Defend
against random acts of senseless violence in our schools, offices,
shopping centers, transit stops, theatres, nightclubs and anywhere
else innocent people work, live and play.'" Mr. Cronin says the
Company's technology counters an ongoing threat to public safety.
"It's time to make soft targets hard without impacting citizens'
rights and freedoms. We believe, as do many others, that NForce
promises a practical solution to prevent many violent acts that can
lead to loss of life, and we plan to deliver on that promise."
The Company recently held a successful pre-launch industry event
during the International Association of Chiefs of Police (IACP)
Conference in San Diego, which
featured former US Secretary of Homeland Security Tom Ridge as keynote speaker. The
invitation-only event, which was well-attended by Chiefs of Police
and other law enforcement officials, provided the Company with a
prime opportunity to garner NForce product interest as well as
high-level feedback from leading members of the domestic and
international public safety sectors. Inspired by the response, the
Company has further accelerated its efforts towards product
evaluation trials, documentation and marketing, all of which will
ultimately support a commercial sales launch anticipated for the
second half of 2017.
Currently, the Company's NForce CMR1000 covert concealed weapons
system prototype development program is continuing to lead towards
a fully integrated alpha demonstration product. Preparations for a
series of upcoming field studies employing real-world threat
scenarios will include the participation of several leading
Canadian and U.S. commercial and public sector partners, which will
help evaluate NForce alpha product performance through Q1 2017.
TASER International Inc. (NASDAQ: TASR) Smart Weapons
help act with self-assurance in the field. The company produces
Tasers to save lives, decrease injuries to officers and suspects,
and defend the truth with firing logs. Having firing logs help
regulate when an event occurred, how long a weapon was armed, and
when the trigger was held, so having additional data points to
justify decisions made in the field. The company's Smart Weapons
also work seamlessly with other Axon solutions, letting officials
to have a better understanding of what happened on scene. A TASER
Smart Weapon can wirelessly report its status, such as being armed
or a trigger pull, so your Axon cameras can sense specific events
and activate recording to the user capture vital footage during
critical situations.
Smith & Wesson Holding Corp (NASDAQ: SWHC) announced
that the company's M&P Competition Optics Ready Equipment
pistol is presented in the Gun Digest "Gear of the Year" issue. The
M&P C.O.R.E. pistol was one of eight semi-automatic handguns
entitled to this exclusive list. In this particular review, the
M&P C.O.R.E. was famous for its accuracy, reliability, and
ability to be easily configured to accept popular, aftermarket
red-dot or reflex sights. "While the M&P Series has earned a
reputation as one of the most reliable and accurate striker-fired
pistols available today, the C.O.R.E. edition is a fantastic
advancement for shooters looking to add optics to their platform
and marks one of the truly great
advancements in technology in the last year," said Eric Conn, Editor in Chief of Gun Digest.
FLIR Systems Inc. (NASDAQ: FLIR) proclaimed the
Griffin G465 Gas Chromatograph-Mass Spectrometer
(GC/MS) for chemical threat identification, the latest
addition to the Griffin G400-Series GC/MS family. Designed for
vehicle integration and MIL-STD 810G rugged specified, the Griffin
G465 operates in mobile and forward deployed labs, recon vehicles,
and other portable platforms with real-time survey mode for vapor,
liquid, and solid threat identification. The Griffin G465's
industry-leading chemical matching techniques produce
high-confidence outcomes and remove the need to understand data in
the field so field operators can make quick and improved decisions
in complex field environments, guaranteeing the safety of both the
operators and the public.
Specialized manufacturing company, Esterline Technologies
Corporation (NYSE: ESL) designs, manufactures and markets
engineered products and systems for application within the
industries it serves. Esterline operates through three particular
segments: Avionics & Controls, Sensors & Systems, and
Advanced Materials. Its Avionics & Controls segment contains
avionics systems, control and communication systems, and interface
technologies capabilities. Its Sensors & Systems segment takes
account of power systems, connection technologies and advanced
sensors capabilities. Its last segment, Advanced Materials consist
of engineered materials and defense technologies capabilities. It
manufactures control sticks, grips and wheels, as well as
specialized switching systems. It develops and manufactures
high-precision temperature, pressure and speed sensors for
aerospace customers and electrical interconnection systems and also
combustible ordnance and countermeasures for military
applications.
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