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Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s):  T.XTRA.W | XTRAF

Xtract One Technologies Inc. is a technology-driven threat detection and security solution company leveraging artificial intelligence (AI) to provide secure patron access control experiences. The Company is engaged in the development and commercialization of an integrated, layered, AI-powered threat detection gateway solution. It operates in two segments: Platform and Xtract segment. The Platform segment develops and commercializes an AI-powered threat detection gateway solution. The Xtract segment develops AI solutions for customers. Xtract One’s Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based Video Recognition Software allows venue and building operators to identify weapons and other threats inside and outside of facilities and receive valuable intelligence for optimizing operations. It serves various industries, including arenas and stadiums, ticket venues and attractions, and casinos.


TSX:XTRA - Post by User

Comment by Matthewon Oct 11, 2018 8:38pm
176 Views
Post# 28785377

RE:aquisitions

RE:aquisitionsI agree with that. With the defence contractor NR I feel like it's going to be some type of joint venture. I'm thinking the companies will receive government grant money to co-produce a product or enhance an existing product or the defence contractor will supply the money for research and development but will take a part of the licensing. Basically I think this means less direct revenue to PAT per unit sold, but they may be able to sell a lot more units with the partnership than PAT could on thier own. Time will tell.
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