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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

Post by Golden100on Jun 08, 2023 8:02pm
125 Views
Post# 35487582

You are absolutely correct

You are absolutely correctGesharoo. It was Evans decision not to pursue schools at the time because of the long sales cycle. It was best to spend the limited time and resources that could expedite the sales cycle with high profile venues and partners such as Oak View and MSG. Not only was it the right thing to do but it locked us in with future sales and venues in package deals. Yes the schools did come to us and it would have been silly to pass up sales that fall in your lap.  Now that we are established with high profile references there will be more venues looking for us instead of us chasing individual schools and letting the big fish get away. When you are a start up you cannot afford to put too many irons in the fire or you lose focus and you lose everything. These yahoo's would have had the company spinning its wheels and going in circles. That's why Peter is the CEO and they are losers on a bullboard. 
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