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Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s):  T.XTRA.WT | 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 Minitaton Dec 05, 2018 6:32pm
166 Views
Post# 29072368

RE:RE:RE:Sales Contract

RE:RE:RE:Sales Contract Quite certain that this is not the defence contractor NR. DND is a customer, not a contractor.  This grant can be seen as a form of "buy and try" to determine applications and environmental (cold, hot, wet, humid, arid, etc) flexibility for Canadian military purposes (note that there was a recent revelation about how poorly equipped/protected the overseas Canadian embassies are).

With reference to the PAT1 NR August 14, 2018:

[PAT1] advises that it has reached an agreement in principle with a major international Defence contractor pursuant to which Patriot One will, subject to certain governmental approvals, receive funding for the further development and integration of its PATSCAN CMR technology.

My opinion is that the major defence contractor is (a) American and (b) the certain government approvals relate to ITARS (International Traffic in Arms Regulations) and EAR (Export Administration Regulations), which ensure that defence related technology doesn't end up in the wrong hands.

Think Boeing, Raytheon, Lockheed, Northrop, General Dynamics, etc...



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