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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 Nightstockeron Dec 08, 2020 11:02am
171 Views
Post# 32057660

RE:Pat needs to focus on city, state & gov contract deals

RE:Pat needs to focus on city, state & gov contract deals It was my hope that Dietmar would bring that big contract experience from FLIR to PAT.

So far zippo.

It would be interesting to know if there was some factor limiting Pat's ability to execute on a large scale distribution plan. Are there glitches in the tech they refuse to acknowledge? Are they not getting the detection accuracy results they need to go to market?

It wouldn't be the first time a company concealed an inability to comply with accepted guidelines (i.e. Volkswagen).

Or, on the other hand, it could just be good, old-fashioned incompetence. in their sales and marketing sections.

At the end of the day, the vaccines are now being distributed and life will get back to something approaching normal by late spring/early summer.

Demand to upgrade security tech in government buildings and public venues will be high. Especially just prior to re-opening. Facilities will want installs done before they open their doors. The volatility in places like the US and the Middle East are proof the world needs what Pat says they can offer.

Seriously, if Pat doesn't have some significant sales by late spring early summer they have run out of excuses. Their products will be confirmed to be inadequate, inaccurate, overpriced....whatever. It just shows they can't be competitive on the open market.

I'm thinking by July, if Pat can't get it done, SP will be in the .15 to .20 range. Maybe Xtract gets sold off, and the rest of the carcass gets carted off to the Plymouth Rock rubbish bin.


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