press release

July 9, 2020, 8:00 a.m. EDT

Innovative Tech Stocks Using AI to Protect Americans as States Move Forward With Reopening Efforts

FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, July 9, 2020 /PRNewswire/ -- States across the US remain eager to get back to normal life, but a spike in COVID-19 cases after premature reopening reveals the need for advanced testing and tracking solutions. According to the National Institutes of Health Director Dr. Francis Collins, rapid coronavirus testing, which can produce results in under an hour, will allow Americans to attend sports events in time for the fall football season. Meanwhile, retail businesses are implementing temperature checks to aid them in reopening efforts. Luckily, there are innovative companies like Raytheon Technologies Corp. /zigman2/quotes/203237915/composite RTX -0.73% , Intel Corporation /zigman2/quotes/203649727/composite INTC -0.85% , Alibaba Group Holding Ltd /zigman2/quotes/201948298/composite BABA -1.20% , Baidu, Inc. /zigman2/quotes/209050136/composite BIDU -0.0080% , and Patriot One Technologies /zigman2/quotes/200231661/delayed CA:PAT -2.90% (otcqx:PTOTF) creating technology to help make the transition to the new norm go smoothly.

Making Sporting Events and Public Venues Safer Post-COVID-19

Sports fans and athletes across the US and beyond have been frustrated by cancelled games after public health officials urged event-based businesses to temporarily close in March as COVID-19 spread rapidly across the globe. In an effort to keep sporting events safe once they reopen, US health officials are putting together a point-of-care COVID-19 test that gives results within an hour and can be administered at sporting events. At the same time, tech companies are stepping in to provide enhanced screening capabilities to add another layer of protection.

Patriot One Technologies (PAT.TO) (PTOTF.QX ) is using its new Patscan VRS-T Thermal Elevated Body Temperature Identification Module to enhance security and arena safety at Banc of California Stadium. The company has joined forces with the Los Angeles Football Club (LAFC) and Banc of California Stadium to form "The Stadium & Event Safety Strategic Alliance," which will utilize the groundbreaking security technology to turn Banc of California Stadium into a global showcase venue to advance the safety and security for public gathering spaces.

Patriot One Technologies' (PAT.TO) (PTOTF.QX ) PATSCAN VRS-T Thermal Elevated Body Temperature and PATSCAN VRS-HS Facial Mask Detection modules work with off-the-shelf thermal and digital cameras to detect elevated body temperatures and facial mask compliance. Both modules are being implemented at the Banc of California Stadium this summer and the company is also planning to launch a third and fourth module for social distancing and contact tracing, which will be available later this year.

Although the company's new health and safety modules are being rolled out at a sports stadium, the technology can also be used at movie theaters, hotels and resorts, casinos, retailers, and other venues both large and small.

Intel Corporation /zigman2/quotes/203649727/composite INTC -0.85% is also aiding in venue reopening across the US through a partnership with IntraEdge and Pyramid Computer. The trio has combined forces to develop turn-key contactless, market-ready self-check temperature kiosks to support business reopenings. The Janus kiosks can be installed freestanding, on a countertop or using a wall mount. All touchpoints on the contactless kiosks are ADA compliant and have an audio interface for visually impaired users.

Meanwhile, Chinese AI mogul Baidu, Inc. /zigman2/quotes/209050136/composite BIDU -0.0080% has developed AI-powered temperature scanners to make public transit safer in China just days after the Beijing government began using infrared-imaging temperature scanners and handheld thermometers at all of its city subway stations. The system can detect the temperature of masked people on the move, with a margin of error within 0.05 degrees Celsius.

Using Innovative Tech to Boost COVID-19 Testing Capabilities

Another way technology companies are helping in the global fight against COVID-19 is by enhancing testing capabilities.

Chinese internet giant Alibaba Group's /zigman2/quotes/201948298/composite BABA -1.20% research and innovation institute DAMO Academy has developed an AI-enabled system that has the ability to diagnose the coronavirus in 20 seconds with 96% accuracy. The AI system identifies the virus through computed tomography scans of the chest and uses an algorithm that has been trained with data and CT scans from over 5,000 confirmed coronavirus cases.

As of March, Alibaba Group's system was already being used by 26 hospitals in China and has helped diagnose over 30,000 cases. The company has also presented its machine-learning software for chest scans to healthcare representatives in Italy and France.

US-based disruptive technology company Raytheon Technologies Corp. /zigman2/quotes/203237915/composite RTX -0.73% is also assisting with the ramp-up in speed and accuracy of COVID-19 testing using a proven cybersecurity tool. The unique approach, in which an inexpensive paper strip test uses saliva to provide a reliable diagnosis in 30-45 minutes without extraction procedures, labs, or equipment, is being developed under an agreement with Purdue University, PortaScience Inc., Cortex Design Inc, and LaDuca LLC. Raytheon BBN Technologies is contributing a tool originally developed to detect malware in network traffic.

"Raytheon is adapting cyber tools designed to sift through massive amounts of cyber data to detect COVID-19," explained President of Raytheon BBN Technologies, Brad Tousley. "Instead of detecting bad code on a network, we're looking for the virus' unique RNA sequences for Purdue to target in the test."

Although countries around the world may still be weeks or even months away from reopening sports arenas and public venues, the technology being developed by Raytheon Technologies Corp., Intel Corporation , Alibaba Group Holding Ltd , Baidu, Inc.  and Patriot One Technologies (PAT.TO) (PTOTF.QX ) are expected to make them safer once we return to the new norm.

For more information about Patriot One Technologies (otcqx:PTOTF) /zigman2/quotes/200231661/delayed CA:PAT -2.90% , click here.

Disclaimer: Microsmallcap.com (MSC) is the source of the Article and content set forth above. MSC owns and operates Stockstreetnews.com.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Patriot One Technologies.

FNM 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 MSC and FNM undertake no obligation to update such statements.

Media Contact: FN Media Group, LLC
info@financialnewsmedia.com
+1(561)325-8757

 

 

 

Cision
View original content: http://www.prnewswire.com/news-releases/innovative-tech-stocks-using-ai-to-protect-americans-as-states-move-forward-with-reopening-efforts-301090719.html

SOURCE Microsmallcap.com

COMTEX_367877306/2454/2020-07-09T08:00:27

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright (C) 2020 PR Newswire. All rights reserved

/zigman2/quotes/203237915/composite
US : U.S.: NYSE
$ 62.35
-0.46 -0.73%
Volume: 16.81M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
3.05%
Market Cap
$95.95 billion
Rev. per Employee
$277,021
loading...
/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 49.89
-0.43 -0.85%
Volume: 50.12M
Sept. 18, 2020 4:00p
P/E Ratio
9.18
Dividend Yield
2.65%
Market Cap
$214.01 billion
Rev. per Employee
$659,665
loading...
/zigman2/quotes/201948298/composite
US : U.S.: NYSE
$ 272.41
-3.31 -1.20%
Volume: 11.75M
Sept. 18, 2020 4:00p
P/E Ratio
29.26
Dividend Yield
N/A
Market Cap
$747.94 billion
Rev. per Employee
$781,259
loading...
/zigman2/quotes/209050136/composite
US : U.S.: Nasdaq
$ 124.66
-0.01 -0.0080%
Volume: 3.24M
Sept. 18, 2020 4:00p
P/E Ratio
85.37
Dividend Yield
N/A
Market Cap
$42.97 billion
Rev. per Employee
$365,691
loading...
/zigman2/quotes/200231661/delayed
CA : Canada: Toronto
$ 0.67
-0.02 -2.90%
Volume: 144,737
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$101.98 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 49.89
-0.43 -0.85%
Volume: 50.12M
Sept. 18, 2020 4:00p
P/E Ratio
9.18
Dividend Yield
2.65%
Market Cap
$214.01 billion
Rev. per Employee
$659,665
loading...
/zigman2/quotes/209050136/composite
US : U.S.: Nasdaq
$ 124.66
-0.01 -0.0080%
Volume: 3.24M
Sept. 18, 2020 4:00p
P/E Ratio
85.37
Dividend Yield
N/A
Market Cap
$42.97 billion
Rev. per Employee
$365,691
loading...
/zigman2/quotes/201948298/composite
US : U.S.: NYSE
$ 272.41
-3.31 -1.20%
Volume: 11.75M
Sept. 18, 2020 4:00p
P/E Ratio
29.26
Dividend Yield
N/A
Market Cap
$747.94 billion
Rev. per Employee
$781,259
loading...
/zigman2/quotes/203237915/composite
US : U.S.: NYSE
$ 62.35
-0.46 -0.73%
Volume: 16.81M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
3.05%
Market Cap
$95.95 billion
Rev. per Employee
$277,021
loading...
/zigman2/quotes/200231661/delayed
CA : Canada: Toronto
$ 0.67
-0.02 -2.90%
Volume: 144,737
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$101.98 million
Rev. per Employee
N/A
loading...

Comtex
Link to MarketWatch's Slice.