Patriot One Technologies
Momentum & Growth

Patriot One Technologies Inc (OTCMKTS:PTOTF) Partners With Cisco Systems, Inc. (NASDAQ:CSCO)

Patriot One Technologies Inc (OTCMKTS:PTOTF) is flying high after announcing a strategic partnership with networking giant Cisco Systems, Inc. (NASDAQ:CSCO). An impressive run that began in the second half of the year is gaining momentum amidst growing investors’ confidence about the company’s growth prospects.

Patriot One Technologies Price Analysis

The stock is currently trading in a steep uptrend. All indications are that the stock will continue climbing high as pullbacks emerge as buy opportunities. After the recent spike higher, the stock is likely to experience a minor correction from which it is likely to continue surging.

A 150% spike in recent months underlines the fact that the stock is on course to finish the year on a high. Price action activity also indicates that the stock faces immediate support at the $1.90 level, after a recent spike higher.

PTOTF Daily Chart

A pullback to the support level should attract more buyers and consequently fuel further movements on the upside. A breach of the $1.90 level, on the other hand, could see the stock plummeting to the $1.50 level, seen as the next substantial support level.

While the stock is currently trading at record highs, in our view pullbacks could act as a buying opportunity as the company has served a number of catalysts that support further movements on the upside.

What Does Patriot One Technologies Do?

Patriot One Technologies is a technology company that develops software and sensor solutions for detecting weapon threats. The company boasts of an innovative platform that combats active shooter threats before they occur. The company also offers PATSCAN CMR a cognitive microwave concealed weapons detection system.

Why is Patriot One Technologies Skyrocketing?

Patriot One Technologies sentiments in the market received a significant boost on Cisco endorsing the company’s PATSCAN threat detection solutions. The blue-chip company is to help Patriot One accelerate the development of its products as well as making them available on the global scene.

Cisco has also invited Patriot One Technologies to be part of its global innovation program. The partnership should enhance commercial deployment of the PATSCAN family products.

According to Patriot One Technologies CEO, Martin Cronin, a partnership with Cisco is an important milestone. For starters, the collaboration should accelerate efforts to bring more threat detection solutions to market.

“Our company’s vision is to create a world safer from acts of violence on our global citizens. This partnership will play a key part in our mission to be the foremost proponent and provider of innovative threat detection and counter-terrorism solutions and services for public safety,” said Mr. Cronin.

PATSCAN Commercialization

In a bid, to accelerate the deployment of PATSCAN solutions, Patriot One Technologies intends to acquire access to Cisco’s global network. The company’s engineers have already teamed up with their counterparts at Cisco to showcase PATSCAN solutions to Cisco’s clients and partners.

Patriot One Technologies has moved a step closer to the commercial launch of the PATSCAN Solution in the wake of the Cisco partnership. The company is eyeing a number of innovation partnership opportunities that it hopes will accelerate the solution’s deployment. The company is eyeing a number of product lines in the fourth quarter as it looks to strengthen its product line ahead of a commercial sale.

In addition, Patriot One Technologies reached an agreement in Principle with a major international defense contractor in August. The company’s covert weapon detection system is now subject to certain government approvals. The company could also receive funding for the deployment of the deployment of the PATSCAN solution.

“We are thrilled to have the possibility of working with a highly-respected, international leader in defense and security technologies. Their interest in potentially providing assistance to help us further develop our PATSCAN CMR solution reinforces the significance of our work to date,” said Mr. Cronin.

What Next For Patriot One Technologies

A partnership with a company of Cisco status is a significant development. For starters, it affirms the credibility of Patriot One Technology solutions when it comes to threat detection. In addition, it provides a channel through which the company would be able to target a broader market when it comes to commercialization.

A partnership with an international defense security contractor also attests to the growing popularity of the company’s security solutions. The stock climbing high in recent weeks affirms growing investor confidence about the company’s long-term prospects.

After a recent spike higher, an ideal play would be to wait for a pullback, before entering a position to bet on the company’s long-term prospects.

We will be updating our subscribers as soon as we know more. For the latest updates on PTOTF, sign up below!

Disclosure: We have no position in PTOTF or CSCO and have not been compensated for this article.

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Patriot One Technologies Inc (OTCMKTS:PTOTF) Partners With Cisco Systems, Inc. (NASDAQ:CSCO)
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