Topic: How To Invest

Q: Hello. I am just wondering what your thoughts are on Patriot One. Its innovative security system could become something interesting. Speculative, I’m sure, but who knows? Thanks.

Article Excerpt

A: Patriot One Technologies, $1.80, symbol PAT on the Toronto Venture Exchange (Shares outstanding: 117.0 million; Market cap: $224.8 million; www.patriot1tech.com), develops radar devices and software. The company hopes to offer a system it calls PATSCAN CMR. It’s a covert, radar-screening device and software system to detect concealed weapons on people entering weapons-restricted buildings and facilities. PATSCAN is specifically designed to combat active-shooter threats before they occur. Patriot One aims to install those systems at entrance points for public and private buildings, as well as entrances to mobile environments. The company is headquartered in Vancouver, Canada. Patriot recently sold 18.4 million units at $2.50 each to raise $46.0 million. Each unit consists of one common share and one warrant. Each warrant lets the holder buy one common share at $3.25 on or before November 20, 2019. The company has licensed Cognitive Microwave Radar technology (“CMR-1”), developed at McMaster University. Patriot intends to use it to create an automatic warning system for detecting concealed…