PALM BEACH, Florida, April 26, 2017 /PRNewswire/ --
As the concern for national defense and cyber security threats rise in the current global and political climate, security leaders are taking advantage of the rising demand through enhanced product development, newest innovative detection services and industry mergers. Companies with recent developments of note in the market includes: Patriot One Technologies Inc., (OTC: PTOTF) (TSX-V: PAT.V), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Axon Enterprise, Inc (NASDAQ: AAXN), FireEye, Inc. (NASDAQ: FEYE), Fortinet (NASDAQ: FTNT).
Patriot One Technologies Inc., (TSX.V: PAT) (OTCQB: PTOTF), developer of a revolutionary award-winning concealed weapons detection system, is pleased to announce 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. Read this and more news for Patriot One Technologies at: http://marketnewsupdates.com/news/ptotf.html
Both parties have indicated a willingness in principle to enter into a Value-Added Reseller (VAR) relationship whereby Patriot One may appoint the partner as a sales representative for several potential major markets. The terms and conditions of such a commercial relationship are planned for discussion throughout the evaluation period.
Company 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 endeavour."
In other industry developments and happenings:
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) a leading National Security Solutions provider, announced this month that its Micro Systems, Inc. business unit, part of the Kratos Unmanned Systems Division (USD) has successfully converted a Russian T-72 Tank to operate unmanned. In response to a need by the U.S. Army for a tank target, Kratos/Micro Systems converted the T-72 to be controlled by its Army Ground Aerial Target Control System (AGATCS). AGATCS is a vehicle and datalink agnostic control systems that has been interfaced to a wide variety of U.S. Army air, ground and sea surface target vehicles.
Axon Enterprise, Inc (NASDAQ: AAXN), the global leader in connected law enforcement technologies, today announced that its new program to equip every law enforcement officer in America with a free body camera for a one-year trial has generated interest from hundreds of police agencies across the U.S. In addition to the Axon Body 2 camera, the offer also includes unlimited data storage and supporting hardware, software and training.
FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company, last week announced Continuous Guidance™, a new service tier from FireEye as a Service™ (FaaS™). The FireEye® Continuous Guidance offering leverages the world-renowned expertise of FireEye analysts to detect the undetectable and respond to threats faster, minimizing the potential business impact of cyber attacks. This new service will be generally available May 1, 2017, delivered via seven global Advanced Threat Response Centers (ATRCs) and over a thousand security professionals.
Leidos (NYSE: LDOS), a global science and technology company, and Fortinet (NASDAQ: FTNT) recently announced they have signed a partnering agreement for Leidos to act as an expert service provider for the Fortinet Security Fabric portfolio of solutions. The agreement expands Leidos' depth and breadth of existing managed security services offerings. Through the partnership Leidos will be positioned as the largest managed security service provider (MSSP) organization that is authorized to offer FortiSIEM services to date. Ideally suited to serve Fortune 1000 and federal government customers, FortiSIEM services provided by Leidos combine the capabilities of Security Operations Centers and Network Operations Centers into a unified Security Information and Event Monitoring solution to provide actionable analytics and enables information technology to tightly manage network security, performance and compliance across their global infrastructures.
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