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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