Investorideas.com breaking new for AI and tech stocks

Friday, January 31, 2020

The #AIEye: ALCF Expand HPC Storage Capacity Ahead of HPE (NYSE: $HPE) and Intel (Nasdaq: $INTC) Powered Exascale Supercomputer, Wipro (NYSE: $WIT) Announces Strategic Alliance with Smart Energy Water



The #AIEye: ALCF Expand HPC Storage Capacity Ahead of HPE (NYSE: $HPE) and Intel (Nasdaq: $INTC) Powered Exascale Supercomputer, Wipro (NYSE: $WIT) Announces Strategic Alliance with Smart Energy Water

Global #AI in Security to Pass $24 Billion by 2025



Point Roberts WA, Vancouver BC – January 31, 2020  – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-  watching stock news, deal tracker and advancements in artificial intelligence.

Listen to today’s podcast:



Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:HPE) (NasdaqGS:INTC) (NYSE:WIT)

Hewlett Packard Enterprise Company (NYSE:HPE), alongside the U.S. Department of Energy’s Argonne Leadership Computing Facility (ALCF), have announced the latter’s deployment of the Cray ClusterStor E1000 storage system. According to the press release, the deployment “advances storage capacity” for “workloads that require converged modeling, simulation, artificial intelligence (AI) and analytics workloads, in preparation for Aurora, ALCF’s forthcoming exascale supercomputer, powered by HPE and Intel (NasdaqGS:INTC).” Peter Ungaro, senior vice president and general manager, HPC and AI, at HPE, explained:

"ALCF is leveraging Exascale Era technologies by deploying infrastructure required for converged workloads in modeling, simulation, AI and analytics. Our recent introduction of the Cray ClusterStor E1000 is delivering ALCF unmatched scalability and performance to meet next-generation HPC storage needs to support emerging, data-intensive workloads. We look forward to continuing our collaboration with ALCF and empowering its research community to unlock new value."

Both HPE and Intel stocks are about three percent in the red today as the stock market more broadly is taking a downturn. A report from CNBC indicates that the drop in both the Dow and S&P 500, each down more than one percent, is a result of an earlier announcement from Delta and American Airlines that “they had suspended flights between China and the U.S. due to the coronavirus.”

Wipro Limited (NYSE:WIT) announced a multi-year global strategic alliance with Smart Energy Water (SEW) with the goal of providing solutions to accelerate digital transformation for enterprise clients in the global utilities space. The joint offerings, according to the press release, are “built on SEW’s industry-leading digital Customer Experience (CX), Workforce Engagement, Internet of Things (IoT), Artificial Intelligence (AI) Machine Learning (ML) and Big data analytics platforms.” N.S. Bala, President and Global Head, Energy, Natural Resources, Utilities & Construction, Wipro Limited, commented:

“The Wipro-SEW partnership is key to our Utilities marketplace as clients seek to provide enhanced experience for their customers and workforce. We will leverage our rich industry expertise, domain-specific knowledge and SEW’s products with its analytics capabilities, to help fulfill the digital transformation agenda of our Utilities clients."

Wipro is no exemption from the downtrend that affected HPE and Intel today. In addition to the coronavirus concerns, today saw the resignation of Wipro CEO & Managing Director Abidali Z Neemuchwala, which may have had a negative impact on the stock.

Global AI in Security to Pass $24 Billion by 2025

A report from Adroit Market Research finds that the global AI in Security market will exceed $24 billion USD by 2025. An excerpt from the report’s Analyst Commentary section reads:

Various major players operating in the Information & Communication Technology (ICT) sector are investing heavily in R&D of artificial intelligence (AI) and machine learning (ML) technologies, as the demand from large as well as small & medium enterprises is rising for AI-enabled solutions. Moreover, many organizations are deploying surveillance cameras to monitor premises and surroundings, therefore, adopting continuous monitoring policies. In turn, with such continuous monitoring, organizations security teams have to deal with huge quantities of operational data which further creates inefficiency for the other business processes. Hence, cybersecurity professionals and organizations are adopting AI and ML-enabled security solutions to deal with such issues.


Sam Mowers, Investorideas.com


For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .
The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
The AI Eye-  Watching stock news, deal tracker and  advancements in artificial intelligence is an original content brand of Investorideas.com

Follow us on Twitter https://twitter.com/Investorideas
Download our Mobile App for iPhone and Android  

Contact Investorideas.com
800 665 0411

  


Get more tech stocks investor ideas- news, articles, podcasts  and stock directories
































































































New #Stocks added to Investor Ideas Stock Directories (NASDAQ: $IMAB) (NASDAQ: $PDCO) (NASDAQ: $LIZI) (NYSE: $DNK) (TSXV: $OCG.V) (TSXV: $HPQ.V)

New #Stocks added to Investor Ideas Stock Directories (NASDAQ: $IMAB) (NASDAQ: $PDCO) (NASDAQ: $LIZI) (NYSE: $DNK) (TSXV: $OCG.V) (TSXV: $HPQ.V)  

Biotech, Pets, Tech, Real Estate, Mining and Cleantech Sectors




Point Roberts WA, Delta BC, January 31, 2020 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces its weekly roundup of stocks added to its global stock directories in biotech, pets, tech, real estate, mining and cleantech.


The newest biotech companies are involved in producing pharmaceuticals and biologics and in providing diagnostic technologies, genetic analyzing and protective apparel.

The latest pet companies are involved in animal health products and services, while the newest tech companies are involved in wireless/software and internet content/mobile apps, respectively.

The newest real estate companies offer rental services and financing.

The latest cleantech company has partnered with tech companies to provide renewable energy products while the latest mining company has operations in Colombia.

New Biotech Companies:
I-MAB (NasdaqGS:IMAB) is a dynamic, global biotech company exclusively focused on developing biologics of novel or highly differentiated in the therapeutic areas of immuno-oncology and autoimmune diseases. I-Mab's mission is to bring transformational medicines to patients through innovation. I-Mab's innovative pipeline of more than 10 clinical and pre-clinical stage drug candidates is driven by the Company's Fast-to-PoC (Proof-of-Concept) and Fast-to-Market development strategies through internal R&D and global partnerships. The Company is on track to become a fully integrated end-to-end global biopharmaceutical company with cutting-edge discovery platforms, proven preclinical and clinical development expertise, and world-class GMP manufacturing capabilities.

Lipidor AB (Nasdaq First North: LIPI) is a Swedish, Stockholm-based research and development company with a pipeline of pharmaceutical development projects in preclinical and clinical phases. The Company develops topical medical products for the treatment of diseases such as psoriasis, bacterial skin infections and atopic dermatitis by reformulation of proven pharmaceutical substances.

AstraZeneca plc (NYSE: AZN) discovers, develops, and commercializes prescription medicines in the areas of oncology, cardiovascular, renal and metabolism, respiratory, autoimmunity, infection, neuroscience, and gastroenterology worldwide.

Alpha Pro Tech, Ltd. (NYSE: APT) is the parent company of Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc. Alpha Pro Tech, Inc. develops, manufactures and markets innovative disposable and limited-use protective apparel products for the industrial, clean room, medical and dental markets. Alpha ProTech Engineered Products, Inc. manufactures and markets a line of construction weatherization products, including building wrap and roof underlayment. The Company has manufacturing facilities in Salt Lake City, Utah; Nogales, Arizona; Valdosta, Georgia; and a joint venture in India.

Co-Diagnostics Inc (NASDAQ: CODX) a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets a new, state-of-the-art diagnostics technology. The Company’s technology is utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers.

LexaGene Holdings, Inc. (OTCQB: LXXGFTSX-V: LXG) is a biotechnology company that develops genetic analyzers for pathogen detection and other molecular markers for on-site rapid testing in veterinary diagnostics, food safety and for use in open-access markets such as clinical research, agricultural testing and biodefense. End-users simply need to collect a sample, load it onto the instrument with a sample preparation cartridge, enter sample ID and press ‘go'. The LX Analyzer delivers excellent sensitivity, specificity, and breadth of detection and can return results in about 1 hour. The unique open-access feature is designed for custom testing so that end-users can load their own real-time PCR assays onto the instrument to target any genetic target of interest.

New Pet Companies:
Patterson Companies, Inc. (NasdaqGS:PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. The 2001 acquisition of Webster Veterinary marked Patterson’s entry into the animal health industry, and the 2015 acquisition of Animal Health International, Inc., firmly positioned Patterson as the largest animal health product distributor in North America. In addition to serving retail and farm stores, our animal health businesses provide products, equipment, technology and solutions to private practice veterinary clinics, group- and corporate-owned veterinary clinics and hospitals, and livestock producers across the companion animal, production animal and equine markets. The increase in pet ownership and health care expenditures on those pets, along with the increasing global middle class demand for animal protein, are keys to growth in the markets we serve

Central Garden & Pet Company (NasdaqGS:CENT) is a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets. Committed to new product innovation, our products are sold to specialty independent and mass retailers. Participating categories in Pet include: Animal health and the brands ADAMS™, COMFORT ZONE®, FARNAM®, HORSE HEALTH™ and VITAFLEX®; aquatics and reptile and the brands AQUEON®, CORALIFE®, SEGREST™ and ZILLA®; bird & small animal and the brands KAYTEE®, Forti-Diet® and CRITTER TRAIL®; and dog & cat and the brands TFH™, NYLABONE®, FOUR PAWS®, IMS®, CADET®, DMC™, K&H Pet Products™, PINNACLE® and AVODERM®. We also provide a host of other application-specific pet brands and supplies. Central Garden & Pet Company is based in Walnut Creek, California, and has approximately 5,800 employees, primarily in North America.

Phibro Animal Health Corporation (NasdaqGS:PAHC) is a diversified global developer, manufacturer and supplier of a broad range of animal health and mineral nutrition products for livestock, helping veterinarians and farmers produce healthy, affordable food while using fewer natural resources.

New Tech Companies:
Iota Communications, Inc. (OTC:IOTC) is a wireless network carrier and software applications provider dedicated to the Internet of Things. Iota sells recurring-revenue solutions that optimize energy usage, sustainability and operations for commercial and industrial facilities both directly and via third-party relationships. Iota also offers important ancillary products and services which facilitate the adoption of its subscription-based services, including solar energy, LED lighting, and HVAC implementation services.

LIZHI INC. (NasdaqGS:LIZI) is a leading online UGC audio community and interactive audio entertainment platform in China, with a mission to enable everyone to showcase vocal talent. The Company is aiming to bring people closer together through voices. Since launching Lizhi app in 2013, LIZHI has cultivated a vibrant and growing community encouraging audio content creation and sharing.  Now LIZHI is an audio wonderland offering a wide range of podcasts and audio entertainment products and features, including audio live streaming and various interactive audio products, empowering users to enjoy an immersive and diversified entertainment experience through audio.
LIZHI envisions a global audio community – a place where everyone can create, share and connect with each other through voices and across cultures.      

New Real Estate Companies:
PHOENIX TREE HOLDINGS LTD (NYSE:DNK) one of the largest co-living platforms in China with the fastest growth, is redefining the residential rental market through technology and aims to help people live better. Empowered by data, technology, and a large-scale apartment network, Danke's vibrant and expanding ecosystem connects and benefits property owners, residents and third-party service providers, and delivers quality and best-in-class services through an innovative "new rental" business model featuring centralization, standardization, and a seamless online experience.

VELOCITY FINANCIAL, LLC (NYSE:VEL) Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers it has built and refined over 15 years.

New Mining Companies:
Outcrop Gold Corp. (TSXV: OCG) s a gold prospect generator active in Colombia acquiring gold exploration projects with world-class discovery potential. Outcrop performs its own grassroots exploration and then employs a joint venture business model on its projects to maximize investor exposure to discovery and minimize financial risk.

New Cleantech Companies:
HPQ Silicon Resources Inc.  (TSXV: HPQ.V; FWB: UGE; OTC: URAGF) is developing, with PyroGenesis Canada Inc. (PYR.V), a high-tech company that designs, develops, manufactures and commercializes plasma base processes, the innovative PUREVAPTM “Quartz Reduction Reactors” (QRR), a truly 2.0 Carbothermic process (patent pending), which will permit the One Step transformation of Quartz (SiO2) into High Purity Silicon (Si) at prices that will propagate its considerable renewable energy potential.  The Gen3 PUREVAPTM QRR pilot plant that will validate the commercial potential of the process is scheduled to start during Q1 2020. HPQ, working with PyroGenesis, is also developing a process that can take the High Purity Silicon (Si) made by the PUREVAPTM and manufacture Spherical Silicon Metal nano-powders for Next Gen Li-ion batteries.  During Q1 2020, the plan is to validate our game changing manufacturing approach using a modified Gen2 PUREVAPTM reactor to produce spherical Silicon Metal (Si) nano-powders samples for industry participants and research institutions’.
Concurrently, HPQ is also working with industry leader Apollon Solar to develop a manufacturing capability that uses the High Purity Silicon (Si) made with the PUREVAP™ to make Porous silicon wafers needed for solid-state Li-ion batteries.  The first Silicon wafer should be ready to be ship for testing to a battery manufacture (under NDA) during Q1 2020. Finally, with Apollon Solar, we are also looking into developing a metallurgical pathway of producing Solar Grade Silicon Metal (SoG Si) that will take full advantage of the PUREVAPTM QRR one-step production of Silicon (Si) material of 4N+ purity with low boron count (< 1 ppm). All in all, HPQ focus is becoming the lowest cost producer of Silicon Metal (Si), High Purity Silicon Metal (Si), Spherical Si nano-powders for Next Gen Li-ion batteries, Porous Silicon Wafers for Solid states Li-ion batteries, Porous Silicon Powders for Li-ion batteries and Solar Grade Silicon Metal (SoG-Si).

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases, research and our own original financial content. We were one of the first retail investor sites to cover renewable energy and cleantech stocks at investorideas.com and our domain Renewableenergystocks.com. We were also one of the most well- known and cited defense stock sites, featuring our domain Homelanddefensestocks.com at its peak.
We follow the money for investors as sector sentiment shifts and technology disrupts. Our mission is to provide investor ideas with breaking news, resources, industry articles and interviews with leading experts.      

Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto CornerPlay by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate ChangeExploring Mining and the AI Eye.

Public companies within the sectors we cover use our news and content services to tell their story to interested investors. Paid for content is disclosed.  

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Learn more about our news, PR and social media services at Investorideas.com

Follow us on Twitter https://twitter.com/Investorideas
Download our Mobile App for iPhone and Android  

Sign up to get Investorideas.com original branded content - podcasts and commentary in the hottest sectors

To sponsor a daily podcast for the month or to be an expert guest please contact us!

Contact Investorideas.com
800-665-0411










#Tech News: iQSTEL, Inc. (OTC: $IQST) Acquisition’s Strategy Showing Early Success with Subsidiary Revenue of $5,610,633 for 2019


#Tech News: iQSTEL, Inc. (OTC: $IQST) Acquisition’s Strategy  Showing Early Success with Subsidiary Revenue of $5,610,633 for 2019

NEW YORK, NY – January 31, 2020 (Investorideas.com Newswire )- Breaking Tech Stock News - iQSTEL Inc. (OTC: IQST) announces that its 51% Swiss-based European subsidiary generated over $5.6 million in revenue for 2019.         


Mr. Iglesias, the Company’s CEO stated: “The acquisition strategy we have set out for iQSTEL is showing early success.  This vertical acquisition has been key since it gives us bare-bottom-cost-based voice routing interconnection into European cities and major carriers we did not previously have.  Additionally, we have been able to quickly implement synergies in our admin, IT and operating departments.  This acquisition and integration has been not only strategic in allowing us to provide cross-selling opportunities with Etelix, but more importantly we believe it enhances our carrier network backbone, which we expect to be fundamental as we step up cross-selling opportunities with soon-to-be-announced services and acquisitions in other horizontal strategic solutions in the 5G, blockchain-based carrier payment, as well as DID portability space.  Full-year revenue on an additive basis for both subsidiaries reached $21,938,503 for 2019.    We expect organic growth in these 2 subsidiaries to be in the 20-30% YOY, but more importantly, will be the backbone of our transitioning into a full-service cloud-based 21st century communications provider in the near and mid-term.”

About iQSTEL Inc.:
iQSTEL (OTC: IQST) www.iQSTEL.com is a technology company offering a wide array of services to the Telecommunications Industry. These include services to International Long-Distance Telecommunications Operators (ILD Wholesale), Retail and Corporate markets (ILD Retail), Submarine Fiber Optic Network capacity, Satellite Communications services, Mobile Virtual Network Operator (MVNO) services, Internet of Things (IoT) technology solutions, Data Center facilities capacity leasing, and Blockchain solutions for the Telecommunications industry.

About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is wholly owned subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a Miami, Florida-based international telecom carrier founded in 2008 that provides telecom and technology solutions worldwide, with commercial presence in North America, Latin America and Europe. Enabled by its 214-license granted by the Federal Communications Commission (FCC), Etelix provides International Long-Distance voice services for Telecommunications Operators (ILD Wholesale), and Submarine Fiber Optic Network capacity for internet (4G and 5G). Etelix was founded in 2008 and has been profitable since inception.

About SwissLink Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com is a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a Switzerland based international Telecommunications Carrier founded in 2015 providing international VoIP connectivity worldwide, with commercial presence in Europe, CIS and Latin America. SwissLink Carrier AG is a Swiss licensed Operator, having a domestic Interconnect with Swisscom, allowing their international Carrier Customers direct terminations via SwissLink into all Switzerland Fix & Mobile Networks. Since the takeover from Swissphone in November 2018 and the rename into SwissLink, they operate on a profitable level.

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

iQSTEL Inc.
IR US Phone: 646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL Inc.

Paid news Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure : this news release featuring iQSTEL Inc. (OTC: IQST) is a paid for news release on Investorideas.com  https://www.investorideas.com/News-Upload/
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

About Investorideas.com

Sign up for free stock news alerts at Investorideas.com

Get more Technology stock investor ideas - news, articles, podcasts and stock directories



Investorideas.com - Defense Stocks in the News: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Awarded $780,000 Contract by Innovative Solutions Canada (ISC) for Department of National Defense (DND)

Investorideas.com - Defense Stocks in the News: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Awarded $780,000 Contract by Innovative Solutions Canada (ISC) for Department of National Defense (DND)

www.investorideas.com - news that inspires big ideas

Thursday, January 30, 2020

Breaking #Security #Stock News -Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Awarded $780,000 Contract by Innovative Solutions Canada (ISC) for Department of National Defense (DND)

Breaking #Security #Stock News -Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Awarded $780,000 Contract by Innovative Solutions Canada (ISC) for Department of National Defense (DND)

ISED’s Testing Stream Program to fund deployment and evaluation of PATSCAN Platform




TORONTO, ON– January 30, 2020 – (Investorideas.com Newswire, Homelanddefensestocks.com ) Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), is pleased to announce it has been awarded an $780,000 CAD contract by Innovation Solutions Canada (ISC) for the Canadian Department of National Defense (DND).  The contract will include the purchase, deployment and evaluation of the PATSCAN Multi-Sensor Covert Threat Detection Platform with the Royal Canadian Navy (RCN), who will evaluate and learn how to deploy the Platform for personnel and asset protection at ports of call around the world.  

Read this news featuring Patriot One in full at https://www.investorideas.com/news/2020/defense/01301TSXPAT-ISC-DND.asp

The $780,000 CAD contract, initially announced for pre-qualification on December 5, 2018 by Patriot One, among the Company, the Canadian Government and Innovative Solutions Canada (ISC) – formerly the Build In Canada Innovation Program (BCIP) - was initiated under the call for proposals 007 guidelines.  Patriot One’s PATSCAN Platform was evaluated and pre-qualified under the Military Innovation Component on the merit of innovation, and ISC sourced the Department of National Defense (DND) as the implementation and evaluation partner. The Military Innovation Component consists of six (6) priority areas, which includes (i) Arctic & Maritime Security, (ii) Command & Support, (iii) Cyber-security, (iv) In-Service support, (v) Protecting the Soldiers and (vi) Training Systems. Patriot One’s PATSCAN Platform met several of these priority areas but was specifically selected under the Arctic/Maritime Security and Protecting Soldiers.

“We’ve been working with Innovation, Science and Economic Development (ISED) Canada’s ISC division and Canadian Department of National Defense (DND) over the past year on this critical program for personnel and asset protection while at port around the world,” shared Martin Cronin, CEO and President of Patriot One.  “The ability to deploy, evaluate and train the DND personnel on the PATSCAN Platform in a variety of real-life settings is extremely exciting for our team. As I’ve shared before, and as a Canadian company, we are truly honored to be part of this effort to protect our serving military personnel.”

Patriot One’s business development and engineering teams have already begun work with teams at ISC, and Canadian Department of National Defense on the production of the PATSCAN Platform, which will be delivered beginning in February 2020.   Deployment and testing will begin in March 2020.  Specific locations where the PATSCAN Platform will be deployed and evaluated will not be disclosed for the safety of personnel and Canadian DND bases.

Respectfully
 “Martin Cronin”

Martin Cronin, CEO

About Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):
Patriot Ones' mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor 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. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.

About Innovative Solutions Canada (ISC)
Innovative Solutions Canada helps Canadian innovators by funding R&D and testing prototypes in real-life settings.  The program operates two streams with a combined funding of over $140 million dedicated to Canadian innovators who want to start, grow, and get to market.
For further information, please contact:

Patriot One Technologies Inquiries
info@patriot1tech.com

Investor Relations
John Martin, Patriot One Technologies                                               
+1 (888) 728-1332                                                                                         
johnm@patriot1tech.com                                                                        
                                                     
Media Contacts:
Scott Ledingham, Patriot One Technologies                                      
+1-613-806-7135                                                                        
scott@prmedianow.com

Innovation Solutions Canada (ISED)
Ottawa Headquarters
Telephone: 343-291-1777
Business hours: 7:30 a.m. to 5:30 p.m

CAUTIONARY DISCLAIMER STATEMENT:
No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
  
News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring TSX: PAT is a paid for news release on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com

Sign up for free stock news alerts at Investorideas.com

Get more Defense Stock Investor Ideas - news, articles, and stock directories