TORONTO – Patriot One Technologies Inc. has announced a partnership with defence contractor Raytheon Canada Ltd. (RCL), a subsidiary of Raytheon Company, to extend developmental innovation of Patriot One’s threat detection technology and product pipeline.
RCL will fund Patriot One with $3 million in non-dilutive cash financing for further development of the PATSCAN cognitive microwave radar, a screening device and software solution for the detection of on-body concealed weapons at access points of weapons-restricted buildings and facilities.
“Raytheon has been a leader in developing radar technology since World War II. One of our missions is seeing the unseen which complements Patriot Ones’ concealed threat detection solution,” said Terry Manion, RCL’s vice-president, in a prepared statement.
“We are thrilled to announce this strategic partnership,” said Martin Cronin, CEO and president of Patriot One, also in a statement. “This financial support definitely signals the serious nature of our vision to create a world safer from acts of violence.”