Patriot One Technologies Inc. (CVE:PAT) (OTCMKTS:PTOTF) (FRA:0PL) president Dinesh Kandanchatha sees the company’s Cognitive Microwave Radar technology as a breakthrough in security technologies that will revolutionize public safety in crowded venues, and protect the public from malicious individuals.

James West: Patriot One Technologies is rolling out a new technology that’s designed to protect the public in public places around the world. I’m here today with the president of Patriot One Technologies, Dinesh Kandanchata. Thank you for joining us today, Dinesh.

Dinesh Kandanchatha: Thank you very much. I appreciate the opportunity.

James West: Dinesh, tell us about the technology. What does it do, how does it work?

Dinesh Kandanchatha: Cognitive microwave radar. It is a technology that allows you to detect concealed weapons without line of sight. So what we’re able to do is, we’re able to install one of our devices in a wall, in a floor, in a ceiling, and send a microwave pulse, 1,000 pulses a second, and check the resonant frequency that comes back. And all weapons, any metallic device, resonates; it rings. So what we are able to do is, we have a signature database; that database has 43 weapons in it right now. We can detect guns, we can detect knives, we can detect vests and we can detect explosives like grenades.

So, if somebody were to carry a weapon into a public building, as we’ve sadly seen in many cases in the United States and in Canada, we would be able to stop them. We would be able to detect them first, inform law enforcement, inform security personnel, so they could take appropriate actions according to their operating procedures.

James West: OK. So is this something that you could deploy, for example, in a stadium?

Dinesh Kandanchatha: Yeah. Any venue that has what we call natural choke points. It is a short-range technology, short range meaning three metres or less. So, hallways, doorways, anywhere people naturally are going to get funneled, that’s the best current implementation of the technology. There’s no limitation, because the form factor is so small. We are about the size of a household brick. So if you want to find a comparable, those big, eight-foot metal detectors that you see when you go into a ball game, we could replace all of those.

James West: OK. So the technology itself: how has it been tested, what is its performance to date, and what are the limitations? What can’t it detect?

Dinesh Kandanchatha: Right now – there’s a bunch of questions. The first one is, we are currently in the commercialization process; we’re doing pilots and demonstrations. The technology was developed over eight years at McMaster University. Canadian researcher Natalia Nikolova is the one that developed it, and we are commercializing it with the help of top radar teams in Hamilton, and in Ottawa.

Our goal is, over the next six months, to take the lab product, turn it into a commercially viable product that we can then receive FCC (Federal Communications Commission) approval around, and then hopefully deploy it widely. We have initial pilots with a large hotel chain, and we have interest from both Canadian federal government bodies plus also cities in the United States. There’s a lot of interest.

James West: To be fair, is this a development-stage technology that has yet to be proven, or is it considered a proven technology in the laboratory that’s ready for commercialization?

Dinesh Kandanchatha: That’s a fair characterization. We have a 94 per cent accuracy rate, so we’re able to detect weapons with 94 per cent accuracy. And frankly, there’s no other technology out there that does something like this. But to be fair, it has not been proven in thousands of installations yet. Initial feedback from our pilots and from our work with great leading customers are that this is going to be quite disruptive, quite transformative.

James West: OK. How long do you think until we have this technology out there protecting us in the public realm – stadiums, bars, airports, schools – on a majority basis as opposed to a laboratory and pilot basis? How long until that happens?

Dinesh Kandanchatha: The next major milestone for us is around the FCC approval. So we’re in the process right now of finalizing our hardware platform and doing those early trials so that we can gather good data to work with the FCC commissioner in order to get that approval status. Once that status exists, has been achieved, we’re working with integration partners and other security integrators to add this to their suite of products. So if you can imagine, the guy that puts your access control system, your CCTV system, into your commercial building, that guy has deep relationships, and they frankly don’t have solutions for weapons detection today. So our goal is to work with those, that vast network of security professionals and installers, to then add this component on top.

Realistically, it’s going to take a few years. This is security, this is very, very close to people’s hearts, and families, but I genuinely believe that we will see adoption probably at the highest security level organizations first. And as we get a few years under our belt and demonstrated success across the globe, you could theoretically see it in your home, five to seven years from now.

James West: OK. Dinesh, thanks for joining us today. Let’s leave it there for now. We’ll come back to you in a few months and see how you guys have made out. Thank you for joining us.

Dinesh Kandanchatha: Appreciate it. Thank you.

Originally published: Financial Post / MidasLetter | November 28, 2016

James West is an investor and the author of the Midas Letter, an investing research report focused on Canadian markets. The views expressed on this podcast — edited for clarity, brevity and compliance with securities laws — are his own and are presented for general informational purposes only. They should not be construed as advice to invest in any securities mentioned.

James West and/or associated funds do not own shares in any securities mentioned in this article. For the full Midas Letter disclosure policy, click here. Postmedia and Midas Letter have a revenue sharing arrangement.


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