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Patriot One Technologies Inc.PAT.VBUYOct 12, 2017Stock price when the opinion was issued
As of Jun 10, 2026. Market Open.
This company has a weapons detection system that should have good demand, but they need to win some contracts to prove the value. At some point you need to transition a concept into sales. It either needs a lower valuation or higher revenue/cash flow base. It is a little too early for conservative investors.
He says this is a company they just participated in a financing with and they do have a small holding. He says they need final licensing before they can draw down their backlog of sales – he expects this in the second-half of the year. As this defence technology gets adopted, he thinks this will make the company a take-out target by a big player.
Provides a camera-less type of scanning, low frequency radar, used for concealed weapon detection in malls, buildings, etc. Has a few clients set up already. It has to be installed. It can deal with crowds and unusual amounts of weaponry. You have to be patient and not expect the dollars coming in every month.
A lot of things happened in the last 10 days. They have a technology that takes existing radar technology and uses algorithms to see if some kind of concealed weapon goes between their two stations. He has been waiting for them to get FCC approval of their products. Once approved they can sell it. They got that approval the day of the massacre in Las Vegas. It presents a huge opportunity. They just need to execute. Eventually it probably gets bought out. It may back fill a little for a bit.