News

Raytheon and Patriot One partner on weapons detection radar

Patriot One Technologies announced a partnership with Raytheon Canada Limited (RCL) to extend developmental innovation of Patriot One’s threat detection technology and product pipeline.

RCL will fund Patriot One with $3 million CAD in non-dilutive cash financing for further development of the PATSCAN Cognitive Microwave Radar (CMR). The initial program is part of a Canadian Industrial and Technological Benefits (ITB) transaction, with the potential for further partnering with Raytheon on development and marketing initiatives.

“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,” stated Terry Manion, RCL’s vice president. “Supporting Canadian innovation through the Federal Industrial and Technological Benefits Policy provides current and future opportunities to create high-value jobs and economic growth throughout Canada”.

Since 1956, Raytheon has been a partner to Canada, providing solutions for the nation’s defence and security sectors while investing in innovation and economic development across the country.  This non-dilutive cash investment will not only expand the development of Patriot One’s PATSCAN CMR but will also allow key learnings derived from the principal threat detection solution to help advance other covert technologies, all with the goal to harden facilities without creating fortress-like environments.

“We are thrilled to announce this strategic partnership,” commented Martin Cronin, CEO and President of Patriot One. “This financial support definitely signals the serious nature of our vision to create a world safer from acts of violence.”

If you would like to join our community and read more articles like this then please click here.

The post Raytheon and Patriot One partner on weapons detection radar appeared first on Defence Online.

 

Who are we?

From publishing the first national directory of public sector contracts, to being the first to market with our online Tracker solution, we have been the true pioneers of technology and innovation in the public sector marketplace. Throughout our 39 years, we have continued to evolve and chart new territory – placing our customers at the heart of everything we do. Take your business to the next level with Tracker now.

Start Your Free Trial Today

Download your Free UK Defence Industry Report

Download your Free UK Defence Industry Report

When you sign up for a 3 day free trial or demo.

Limited time only