BRIEFING: Plymouth Rock Tech Passes Payload Flight Testing
Yesterday, Plymouth Rock announced that its MiRIAD (Millimeter Remote Imaging from Airborne Drone) system has successfully passed internal payload flight testing demonstrations. PRT’s Scientific Advisor Stuart Harmer, said in the press release:
“Currently, drones are used for capturing aerial imagery, mainly video and occasionally thermal. There is no current capability for drone-based imaging at much longer wavelengths, such as within the millimeter-wave spectrum. With our successful payload test and lightweight antenna design, we are now very confident that PRT will be the first company to realize millimeter-wave imaging from commercial drones.”
Even more exciting, last week Patriot One Technologies announced a partnership with Raytheon Canada Limited. The parent company, Raytheon, reached 2018 sales of $27 billion and currently has 67,000 employees. They are a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. This contract means the door is open for surveillance and security threat detection juniors to work with the security giant.
Also of note, Plymouth Rock has their own board member with ties to Raytheon. Special advisor to Plymouth, Jason Elwood, finished his career in the defense industry with Raytheon and even held the title VP of Operations for Integrated Defense with the security giant for the last 5 years of his career.
Plymouth has shown a pattern where special advisors are not simply taking a title for a few options. Recently they announced they added one of their special advisors to the board of directors. Douglas Smith, former Assistant Secretary for the U.S. Department of Homeland Security took the leap from advisor to board member in mid-March 2019. Indicating those who started off with light involvement are beginning to see the opportunity and want to be part of the Plymouth Rock story.
One final thought, as we see social media traction continue to build for Plymouth Rock’s common stock, we suggest investors keep an eye on the upcoming OTC symbol. The company announced they received DTC eligibility in early February and are now just waiting on their final approval from FINRA. We feel this story has major legs in the US where this technology will resonate with US investors who see the need and clear demand for less intrusive and new threat detection technologies.
FULL DISCLOSURE: Plymouth Rock Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been paid for this work and may or may not own shares of the company. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
SmallCapSteve started blogging in the Winter of 2009. During that time, he was able to spot many take over candidates and pick a variety of stocks that generated returns in excess of 200%. Today he consults with microcap companies helping them with capital markets strategy and focuses on industries including cannabis, tech, and junior mining.