When Donald Trump won the US Presidential election (hack, ptooey), the markets plummeted. Then they jumped. Frankly, the markets didn’t know what to do with themselves, and still don’t.
Will Trump’s pick for AG, Jeff Sessions, kill the marijuana industry? Will oil and gas come back with pipelines aplenty, or will that create an oversupply that will hurt the same companies it promises to help? Will resources get a bump from having federal lands opened up like sardine cans, or will the tech sector find renewed interest?
One area we know will do well from any Republican ascendancy, and especially this one, is defense and security. Which is probably why Patriot One Technologies (PAT.V) has debuted on the Venture Exchange with a pop and a roar.
This week the company closed its change of business, financing, and all the other hurdles required to become a public entity, and the stock duly took off. Why?
Because there’s barely anything Trump will build, support, promise or touch that won’t have use for the company’s patented technology.
The story here is the company has announced the launch of its new and revolutionary ‘NForce CMR1000’ concealed weapon 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.
Currently, if I wanted to slip through into a stadium or subway station with a weapon (and I didn’t live in one of the nutso concealed carry states that figure everyone should be capable of multiple deaths if they’re having a bad day), I’d only have to ensure there were no metal detectors present and away we go.
With the Nforce system, monitors can be posted at various entry points and, when a gun-like situation (or knife or tire iron or plastic explosives), security can be notified and dispatched accordingly.
The kicker here is, if you’re a bad guy looking to be bad, a big security checkpoint doesn’t catch you unless you’re an idiot – realistically, it just redirects you.
But the Patriot One system doesn’t present itself as a security checkpoint.
The elevator pitch is that this box can be installed in airports, subways, stadiums, and schools, on a street corner, or virtually anywhere crowds of people might need protecting, without giving itself away or inconveniencing people as happens at an airport security lineup.
On the financial side, backers of the stock are already in the money. Patriot One raised $2.35 million in a private placement at $0.15 per share, which looks amazing for everyone who jumped in, as it is trading now at $1.35. If PAT.V can continue its run, or even hold steady as the four-month trading hold on that financing stock expires, a lot of parents will be buying little Timmy his first car this Christmas.
Patriot One CEO Martin Cronin has said, “Our motto is also our goal: We aim to deter, detect and defend against random acts of senseless violence in our schools, offices, shopping centres, transit stops, theatres, nightclubs and anywhere else innocent people work, live, and play.”
He explains, “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 U.S. Secretary of Homeland Security Tom Ridge as keynote speaker. The invitation-only event, which was well attended by law enforcement officials, provided the company with a prime opportunity to garner NForce product interest, as well as take in high-level feedback from leading members of the domestic and international public safety sectors.
Apparently it went well. The company has further accelerated its efforts toward product evaluation trials, documentation, and marketing, all of which will ultimately support a commercial sales launch anticipated for the second half of 2017, right about the time someone plans to be building a nation-wide wall…
Also, former US Department of Homeland Security boss Tom Ridge is aboard:
Fear elected a new president, but it will be the ability to allay those fears that I expect will help Patriot One gather a lot of steam and generate some serious noise going forward.
FULL DISCLOSURE: Patriot One is an Equity.Guru marketing client