PATRIOT ONE TECHNO COM NPV (OTCMKTS:PTOTF) Is A Smart Terror Prevention Play

Today, we need to assess a new stock that has provided astonishing results in October. It is called PATRIOT ONE TECHNO COM NPV (OTCMKTS:PTOTF) and provides a technology to detect concealed weapons. In addition to that, the company's software seems to be becoming quite necessary to help protect society from terrorism. The market is reacting to the most recent announcements. We needed to explain to our readers what's going on. PTOTF Product: PATSCANIn October, its PATSCAN CMR™ (Cognitive Microwave Radar) detection system received the Federal Communications Commission (FCC) Declaration of Conformity certification. Resultantly, the share price spiked astonishingly from $0.55 to $1.00. For those who need a calculator, it is approximately 81% stock return. If this did not surprise you, the following will definitely surprise you. The amount of shares that changed hands was close to 1 million. FCC ApprovalHave a look at it and form your own opinion before we provide more details: 1 year chart for PTOTFBusinessPatriot One Technologies Inc. is a Canadian company that provides tech-based solutions on identifying concealed weapons. The company also offers the software for commercial usage. In the recent times, gun culture is becoming prominent and companies like Patriot have come a long way in creating reliable solutions to address these problems.Recent DevelopmentsOn September 6, 2017, a press release informed that the company got official approval to deploy its system for commercial use in Canada. The CEO expressed his gratitude to the regional police which was helpful during the installation of the concealed weapon detection device. This date marked the beginning of a great company which started to make its mark in the global arena of threat detection services. 1 month chart for PTOTFAdditionally, on September 19, 2017, PTOTF informed that the Cognitive Microwave Radar technology beholding Patriot Inc. announced its official presentation, exhibition, and participation at the Extraordinary Future Conference on September 20, 2017 in Vancouver. The market appreciated the announcement, as the amount of shares that changed hands on the announcement date was large. However, more significant news was about to come out.On September 26, 2017, the company announced the idea of video-enabled covert weapon detection notification to help investigating agencies get a clear picture of the whole scrutinisation process. Along with March Networks, Patriot Inc. produced a cost-effective concealed weapon detection system using HD videos to supplement the cause.Also, the company can cover important crowd gathering arenas like corporate buildings, schools, airports, stadiums, transit hubs, and some other government facilities with its much-awaited protection system. The frequency of the concealed weapons witnessed potential threats to the surrounding areas, which are made available with the use of a powerful tracking system.With the help of a cognitive microwave radar technology, PATSCAN CMR came to light, which could send instant or real-time notifications to the concerned party or the organisation itself if it detects handguns and other machinery before something like Las Vegas happens. This standalone technology could have saved souls sending alerts to the security unit.This system is RFID (Radio Frequency Identification) compliant and can send valuable operational analytics to plant awareness in the mob before something goes wrong. Dinesh, the director of the company, was happy about his company joining hands with March Networks, one of the leading video surveillance companies, to establish a company foothold in the weapon detection services.On September 29, 2017, the company informed that it received a temporary suspension from IIROC. IIROC is the national self-regulatory organisation, which takes care of all the trading activities on debt and equity marketplaces of investment dealers in Canada. However, it was considered to be a normal trading halt faced by most of the companies. It is implemented to regulate streamline investors when it comes to the accessibility of important company information. We don't believe that this announcement was very significant for most market participants.Finally, on October 2, 2017, the most significant development was received by the market. This press release of Patriot solutions announced its official certification for its PATSCAN CMR, the concealed weapon detection system. The FCC approval secured by Patriot solutions will be beneficial to the weapon detection world as well as commercial utilities. Company CEO, Martin Cronin, explained that the announcement was very significant for shareholders:

"We are also very clear regarding the role that the investment community has played in getting us to where we are today, and we will redouble our commitment as we move ahead to build shareholder value and to earn capital market support. Today we celebrate meeting a significant building block in our strategy for public safety through threat detection and our ongoing mission to make the world a safer place." Source

ConclusionCurrently trading with a market cap of $60 million, PTOTF is an exciting story among small caps. With $1.4 million in pure cash and only $0.2 million in total liabilities, we believe that the company has an outstanding financial situation compared to most OTC stocks.The company is still in a pre-revenue stage, thus we will need to check how the new system sells. New announcements about the new developments could make the share price increase, thus be alert on them!We will be updating our subscribers as soon as we know more. For the latest updates on PTOTF, sign up below!Image courtesy of THORPEDO15 via FlickrDisclosure: We have no position in PTOTF and have not been compensated for this article.