The Top Defense Companies to Watch in 2020

January 30, 2020 -

School systems, such as the Mt. Healthy City School District in Ohio, theatres, malls, stadiums, and casinos are renewing their focus on innovative threat detection technology to spot hidden weapons, chemicals, and even bombs. “Unfortunately, security are having to respond to an attack in progress,” said Martin Cronin, CEO of Patriot One, as noted by “The idea about being able to do this covert detection is to be preemptive and to prevent attacks from happening.” However, there are companies that are quickly moving to improve enforcement possibilities, saving many lives in the process. That is also quickly opening a wide range of opportunity for companies including Patriot One Technologies Inc. (TSX:PAT)(OTCQX:PTOTF), Axon Enterprise Inc. (NASDAQ:AAXN), Johnson Controls International PLC (NYSE:JCI), Everbridge Inc. (NASDAQ:EVBG), and Napco Security Technologies Inc. (NASDAQ:NSSC).

Patriot One Technologies Inc. (TSX:PAT)(OTCQX:PTOTF) BREAKING NEWS: Patriot One Technologies Inc. announced it has been awarded an $780,000 CAD contract by Innovation Solutions Canada (ISC) for the Canadian Department of National Defense (DND). The contract will include the purchase, deployment and evaluation of the PATSCAN Multi-Sensor Covert Threat Detection Platform with the Royal Canadian Navy (RCN), who will evaluate and learn how to deploy the Platform for personnel and asset protection at ports of call around the world.

The $780,000 CAD contract, initially announced for pre-qualification on December 5, 2018 by Patriot One, among the Company, the Canadian Government and Innovative Solutions Canada (ISC) – formerly the Build In Canada Innovation Program (BCIP) - was initiated under the call for proposals 007 guidelines. Patriot One’s PATSCAN Platform was evaluated and pre-qualified under the Military Innovation Component on the merit of innovation, and ISC sourced the Department of National Defense (DND) as the implementation and evaluation partner. The Military Innovation Component consists of six (6) priority areas, which includes (i) Arctic & Maritime Security, (ii) Command & Support, (iii) Cyber-security, (iv) In-Service support, (v) Protecting the Soldiers and (vi) Training Systems. Patriot One’s PATSCAN Platform met several of these priority areas but was specifically selected under the Arctic/Maritime Security and Protecting Soldiers.

Other technology-related developments from around the markets include:

Axon Enterprise Inc. (NASDAQ:AAXN) announced that Cypress Creek Emergency Medical Services (EMS), a 9-1-1 EMS provider in North Harris County, Texas, will deploy 37 Axon Fleet 2 in-car video systems across the agency's emergency service vehicles. Each in-car video system includes a forward-facing and rear-facing camera and is backed by the digital evidence management system, Axon Evidence. This order was received in the fourth quarter of 2019 and will ship in multiple phases. "We look forward to furthering our partnership with Axon by rolling out its in-vehicle video technology to our fleet of ambulances," says Cypress Creek EMS Executive Director Bradley J. England. "Our agency has a reputation for being an innovator in pre-hospital emergency medicine and this is the latest example. The expansion of this program with Axon will help drive our passion to protect life."

Johnson Controls International PLC’s (NYSE:JCI) announced that the Company has changed the time of its First Quarter 2020 Earnings Conference call to 7:30am ET to avoid a scheduling conflict for analysts and investors. Johnson Controls First Quarter Fiscal 2020 Earnings Conference Call, Friday, January 31, 2020 at 7:30 a.m. EST.

Everbridge Inc. (NASDAQ:EVBG) announced that IT Central Station, the leading product review site for enterprise technology, has released that Everbridge was ranked as the leading IT alerting and incident management tool of 2019, based on peer reviews from their user community.  This marks the second consecutive year that Everbridge IT Alerting has received this distinction. Everbridge helps to keep business operations running faster by maximizing systems uptime. Everbridge’s IT Alerting solution provides Enterprise Incident Response management which enables enterprises to automatically and efficiently communicate and collaborate with key IT teams, proactively notify impacted business users and keep key stakeholders informed during an incident to minimize damage and accelerate resolution. Customers of IT Alerting have cited reductions in the amount of time it takes to launch response teams and initiate actions after an incident by as much as 93 percent.  At an average cost of $9,000 per minute for an IT outage, companies can save hundreds of thousands of dollars per incident using IT Alerting.

Napco Security Technologies Inc. (NASDAQ:NSSC) will release financial results for its Fiscal Second Quarter 2020 which ended December 31, 2019 on Monday February 3, 2020 before the market opens, followed by a conference call at 11 a.m. ET.

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