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Patriot One Technologies Inc
Symbol PAT
Shares Issued 163,179,222
Close 2022-11-15 C$ 0.53
Market Cap C$ 86,484,988
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Patriot One's SmartGateway selected by Acrisure Arena

2022-11-15 16:45 ET - News Release

Mr. Peter Evans reports

UPDATE - PATRIOT ONE TECHNOLOGIES SELECTED TO SECURE ALL ENTRANCES AT OAK VIEW GROUP'S NEW ACRISURE ARENA IN GREATER PALM SPRINGS, HOME OF THE COACHELLA VALLEY FIREBIRDS

Patriot One Technologies Inc.'s SmartGateway patron screening solution has been selected by the new world-class $300-million-plus venue Acrisure Arena in greater Palm Springs to secure entrances for hockey games, concert events and more.

Owned and operated by Oak View Group (OVG), the global venue development, advisory and investment company for both the sports and live entertainment industries, Acrisure Arena is the latest venue to deploy Patriot One's SmartGateway following the announced strategic partnership with OVG and following similar announcements for the Moody Center, in Austin, Tex., Rupp Arena and Lexington Opera House in Lexington, Ky., and Angel of the Winds Arena in Everette, Wash.

"Bringing a brand new arena to Southern California is exciting, and we want to ensure our patrons, staff and others have a world-class experience -- not just during the event, but as they are entering, too," said Phillip Ransford, vice-president of operations, Acrisure Arena. "We chose Patriot One's SmartGateway for its modern, flexible technology and because we were able to customize it to fit Acrisure's unique brand. Our patrons and staff won't have to worry about someone walking in with a weapon during events, which will allow them to fully enjoy their experience. OVG is proud to add another facility to our growing list of partnerships with Patriot One."

SmartGateway is the latest iteration of Patriot One's Gateway patron screening solution. The system was designed for large, ticketed venues to enable high throughput, but customizability, based on the customer's individual needs and security requirements.

"Technologically advanced arenas are looking for the most reliable, accurate and flexible physical security technology to protect patrons and staff, which is why they're turning to Patriot One," said Peter Evans, chief executive officer of Patriot One. "Whether it's setting up our system in a new destination like Acrisure Arena, or updating older, historic facilities with modern technology, SmartGateway is the right choice."

Led by visionaries in sports and entertainment Tim Leiweke and Irving Azoff, OVG is currently the global leader in sports and entertainment venue development with more than $4.5-billion in revenue being deployed to create the next generation of venues. In addition to Acrisure Arena, OVG oversees the operations of Climate Pledge Arena at Seattle Center; UBS Arena in Belmont Park, New York; and the Moody Center in Austin, Tex., as well as arena development projects for Co-op Live in Manchester, United Kingdom; Arena Sao Paulo in Sao Paulo, Brazil; CFG Bank Arena in Baltimore, Md.; and FirstOntario Centre Arena in Hamilton, Ont.

Opening in December, 2022, Acrisure Arena will be the first of its kind in the greater Palm Springs area. Annually, Acrisure Arena will attract over one million visitors bringing year-round entertainment to the region, hosting sports, music and family events. Acrisure Arena's partnership with Live Nation, the world's largest event promoter, will serve as a world-class venue, providing a rehearsal space for artists launching major tours, a new routing model that will serve the music needs on the West Coast and the next major destination for artist residencies. The arena will be more than 300,000 square feet and feature an 11,000-person capacity, including modern suites and four premium hospitality clubs. Additionally, it will be the home of the Seattle Kraken's American Hockey League (AHL) team and the Coachella Valley Firebirds, and include an adjoining Iceplex that will serve as a year-round community gathering space and the training centre for the AHL team.

About Patriot One Technologies Inc.

Patriot One makes unobtrusive, artificial-intelligence-driven weapon and threat detection systems that enable arenas, casinos, schools, theatres and other businesses to provide unprecedented safety while also improving the patron experience. The company's multisensor gateway enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic, and its artificial-intelligence-based video recognition system enables venue and building operators to identify weapons and other threats inside and outside of facilities, while also providing valuable intelligence for optimizing operations through its artificial-intelligence-powered platform.

We seek Safe Harbor.

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