News Details – Smallcapnetwork
Algae Dynamics (ADYNF) and Patriot One (PTOTF) - A Double Dose of Good News
/

February 2, 2024

/

PDT

As the saying goes, when it rains, it pours.... not that we mind, when what's pouring is a double-dose of good news about not one but two of our Featured Stocks. That's exactly what we've got today, by the way. Just when we were putting the finishing touches on our thoughts regarding this morning's news from Algae Dynamics (ADYNF), we saw Patriot One Technologies (CVE:PAT, PTOTF) served up some news as well. They were both so exciting, we had to make sure all of you heard about each announcement. In no particular order... This morning, Algae Dynamics announced it had signed a deal with the University of Western Ontario to research and develop new cannabis-based drugs. ADYNF will provide funding, and the university will provide the work and know-how. You may recall Algae Dynamics -- just as its name suggests -- is a company that cultivates and sells functional, healthy algae. It got into the cannabis business in December after recognizing algae and cannabis can work even better together than either could on their own. As this morning's press release quotes company President Paul Ramsay, "With this research agreement, we are building upon the previously announced strategic initiative into the use of extracts from cannabis oil, in conjunction with algae oil, to develop unique health products and formulations." That little factoid wasn't entirely clear three months ago, but has become clear in the meantime starting with what was almost an afterthought added to Algae Dynamics' February 24th press release: "The Company's core product development strategy has been the extraction of Omega-3 fatty acids from certain strains of algae, with high concentrations of DHA, which is the foundation of the endocannabinoid system (ECS). The ECS is a group of endogenous cannabinoid receptors located in the mammalian brain and throughout the central and peripheral nervous systems, consisting of neuromodulatory lipids and their receptors. Omega-3 fatty-acids are required for the production of ECS and cannabinoid receptors. In light of the potential synergies, the Company has developed its strategy which is aimed at developing new products and formulations that combine the health benefits of algae and cannabis oils." Now it's all making a lot of sense. Algae Dynamics is an Omega 3 expert/producer, and a component of Omega 3 makes the human body more receptive to cannabinoids. The prospect of combining the two is compelling to say the least. Just like the agreement the company made with the University of Waterloo three weeks ago (to combine algae and cannabis to fight cancer), the deal with the University of Western Ontario gives Algae Dynamics ownership of any resulting patents. The company will pay the school for its work as well as provide payment for any resulting patent awards and commercial sales. Algae Dynamics won't be obligated to pay the university any lifetime royalties on product sales though. The focal point of the University of Western Ontario's study will be cannabis as a vehicle to treat mental health problems. ADYNF continues to make major developmental progress. We're excited to see where this goes. As for Patriot One, the company announced it would be installing its weapons-detection hardware at The Shul of Bal Harbor in Miami. The Shul is a 34,000 square foot center for Jewish activities, and is potentially vulnerable to attacks. You'll recall Patriot One Technologies has come up with a better way of screening for weapons, positioning its technology as potentially a superior replacement for the X-ray scanners and metal detectors used at airports and other vulnerable areas like schools and malls. It's called the NForce CMR1000. In simplest terms, the CMR1000 ('CMR' is short for Cognitive Microwave Radar, by the way) is the combination of a metal detector and an x-ray machine, on steroids, but without all the normally-dangerous radiation associated with microwaves and x-rays. An NForce unit can constantly scan a moving crowd of people within two meters and not only determine the presence of a suspiciously large piece of metal, but can even determine what kind of weapon it is. It can even determine what kind of gun a firearm may be. It works, too. The NForce CMR1000 has a true-positive detection rate of 91.6%, and a true-negative detection rate of 94.4%, translating into overall accuracy of 93.0%. That's why The Shul was so excited to try out the technology. If this pilot program goes well, the center says it could order more CMR1000's to defend its facility. Potential sales are being lined up even before the official launch of the product. The news underscores one key thing about the device which doesn't get brought up enough.... it's small and discreet. One of the key drawbacks to the x-ray machines at airports or full body scans and searches is their sheer size, and the message they send with just one glimpse. They're intimidating, and a little concerning to visitors, reminding them they're in a vulnerable facility. The CMR1000, however, can be installed and operated with many guests not even noticing they're there. Each one is roughly the size of a shoebox, and has an effective detection range of two meters... enough to monitor a double-doorway. It's an ideal piece of hardware for a community center, which is supposed to be inviting. As The Shul's Security Director Shaya G. commented, "Our facilities are places of worship and academia and we'd prefer the use of Patriot One's technology to maintain our open door/welcoming policy as opposed to body searches and magnetometers." Once other building owners and managers realize they can have security measures without sacrificing the first impression they make, we expect demand for the CMR1000 to explode. This is big news for both stocks, and could end up serving as a bullish nudge for each. We just wanted you to know as soon as possible.