Developments in the Public Safety and Security Markets
FinancialBuzz.com News Commentary
NEW YORK, April 26, 2017 /PRNewswire/ --
According to a report published by MarketandMarkets, the public safety and security market size is expected to grow from USD 247.53 Billion in 2016, to USD 456.56 Billion by 2021 or at an estimated compound annual growth rate (CAGR) of 13.0%. Continuous threats from cybercriminals, natural disasters, and terrorist attacks, have increased the demand for public safety and security solutions. The report indicates that North America is projected to dominate the market during the forecast period due to the presence of large number of public safety and security vendors in the region. In the meantime, increasing public safety spending and developments of major infrastructure projects in the emerging countries are driving growth in Asia-Pacific. Patriot One Technologies Inc. (OTC: PTOTF) (TSX-V: PAT.V), Textron Inc. (NYSE: TXT), 3M Co. (NYSE: MMM), General Dynamics Corporation (NYSE: GD), Harris Corporation (NYSE: HRS)
The report also indicates that managed services in public safety and security market are expected to experience the fastest growth from 2016 to 2021, as the demand for effective security management systems continues to increase. On the other hand, the critical communication networks segment is projected to have the largest market share due to growing adoption for critical communication networks solutions for better mission-critical communications.
Patriot One Technologies Inc. (OTCQB: PTOTF) (TSX-V: PAT) is a developer of a revolutionary concealed weapons detection system. Earlier today the company announced, "its entry into an agreement with a strategic industry partner aimed at significantly broadening its ongoing product commercialization activities.
The opportunity is being undertaken with a well established and industry leading organization recognized as a Tier 1 Systems Integrator with offices and facilities around the globe. Patriot One has entered into an agreement which provides for a technical evaluation by both parties to identify operational efficiencies and opportunities employing Patriot One's concealed weapons detection software and related hardware components. This will be accomplished through a series of integration tests with the partner."
Patriot One Technologies CEO, Martin Cronin notes, "Working with major commercial partners exactly aligns with our business model, as it offers extraordinarily attractive opportunities to propel our product roll-out and holds the potential to drive significant awareness of our product's ability to decrease the menace of random public violence. We are benefitting from a period of intensifying interest and have greatly appreciated inquiries from a number of leading integrators, major potential distributors and resellers from literally around the globe. We attribute much of this interest to our recent and highly successful award-winning debut at ISC West in Las Vegas. Its an exciting time at Patriot One and we thank everyone for their ongoing commitment and interest in our endeavor."
Textron Inc. (NYSE: TXT) announced earlier in March that it has signed a purchase agreement for a Bell 429 to the Arizona Department of Public Safety (DPS) Aviation Bureau while at this year's HAI Heli-Expo in Dallas. Arizona DPS Aviation Bureau's new aircraft will be delivered in 2017 and will be used for search and rescue, border protection and law enforcement. "The Bell 429 has made a name for itself around the world as playing a vital role for mission critical helicopter operations," said Anthony Moreland, Bell Helicopter's Managing Director for North America. "It's our honor to have the Arizona DPS Aviation Bureau put their trust in Bell Helicopter and in the Bell 429 and we look forward to continuing our strong relationship of more than 40 years."
3M Co. (NYSE: MMM) revealed in September 2016 a new facial recognition system that is both extremely scalable and easily configurable, 3M Live Face Identification System uses live video to match identities in real time. The system automatically recognizes multiple faces simultaneously from live or imported footage in order to identify individual people from dynamic, uncontrolled environments. "Developed through years of thoughtful research, Live Face Identification System increases the accuracy of matches and the likelihood of a successful ID by utilizing a several-to-many comparison," said Christopher Ede, Global Business Manager for 3M Cogent. "Knowing the challenges that law enforcement and border patrol agents are faced with when providing security for uncontrolled environments, 3M's new software is truly an effective yet practical solution for proactive security."
General Dynamics Corporation (NYSE: GD) revealed this April that their Remote Video Surveillance System (RVSS) upgrade has achieved a 'Full Operating Capability' (FOC) designation by the U.S. Department of Homeland Security's Customs and Border Protection (CBP). This key milestone was achieved after two years of successful deployment and field testing along the southern border and underscores the operational impact this solution provides to the U.S. Border Patrol. "The deployment of the Remote Video Surveillance System is important to the safety of our agents and to our mission," said Ronald D. Vitiello, Chief of CBP's U.S. Border Patrol. "Successful partnerships like the one we have with the General Dynamics team, are necessary to efficiently and effectively secure the border."
Harris Corporation (NYSE: HRS) has received National Security Agency (NSA) Type-1 certification for the Harris Falcon III® RF-300H wideband HF manpack radio system. The Type-1 certification enables transmission of classified images, maps and other large data files from beyond-line-of-sight environments in a compact, lightweight package. "This RF-300H NSA certification allows us to continue providing leading-edge secure communications technology to the warfighter who needs to be prepared for any situation," said Chris Young, president, Harris Communication Systems.
Please sign up now at http://www.FinancialBuzz.com to receive alerts on trending financial news from all these companies. "The Latest Buzz in Financial News"
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com expects to be compensated up to seven thousand dollars for financial news dissemination and pr services by a third party non affiliate for patriot one technologies inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com
For further information:
Media Contact:
[email protected]
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article