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Growing Need for Global Security and Cyber Defense Accelerating Rapid Development of Digital Defense & National Security Industries

MarketNewsUpdates.com News Commentary


News provided by

MarketNewsUpdates.com

26 Apr, 2017, 12:25 GMT

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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.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Patriot One Technologies Inc.by the company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.


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