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Bullboard - Stock Discussion Forum 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... see more

TSX:XTRA - Post Discussion

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Post by Roadrunner71 on Oct 08, 2021 2:32pm

News Release!

 TORONTO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”) today announced it has released the next phase of its threat detection multi-sensor gateway (MSG) with technology enhancements that make it increasingly accurate, flexible and practical for sports and entertainment venues.

MSG is a weapons detection scanner that stadiums and entertainment venues can deploy at points of entry. Unlike traditional metal detectors, the system uses sensors and purpose-designed artificial intelligence (AI) to scan for prohibited items such as guns and other weapons, accurately and unobtrusively at entry points. This eliminates the need for every patron to stop to empty their pockets and bags, which dramatically increases the rate at which people can enter facilities - improving the patron experience and maximizing revenue opportunities for venue operators, without compromising security.
 
The new version of MSG includes additional sensing capabilities and AI features that further improve weapons-detection accuracy, including further improved detection for small weapons including knives, lower false alarm rates due to heavier clutter in pockets, and directional alerting. The new release also includes requested features to further optimize security personnel requirements, activities, and processes. “These enhancements are a direct result of our work with key professional sports leagues and stadium customers, who have provided valuable feedback on the features and functionality they need to maximize the patron experience, and exceed their currently defined security standards,” said Patriot One CEO, Peter Evans.
 
Evans said that customer feedback played a key role in MSG’s enhancements, as many of the updates were based on defined customer priorities and requirements. “Many security directors have been disappointed by systems that perform well in the lab, but can’t deliver the same performance in their specific environment or within their unique stadium needs,” he said. “Along with more accurate detection and continuously improving false positive alert rates, MSG boasts increased resilience to electromagnetic interference (EMI), vibrations, and noise from boisterous environments, making it ideal for stadiums and live concert environments hosting large crowds.”
 
Along with the enhancements to MSG detection performance, Patriot One has added several features designed to give security organizations the maximum flexibility to align to their security model. Enhanced kiosk capabilities, flexible alerting, user defined alerting options, and profile settings are all available and adjustable by the users to fit their unique security operations requirements.
 
Evans added, “Each stadium is unique. They have different footprints, ages, entries, available space, locations in urban environments, among other considerations that force operators to adjust their security approaches. Recognizing this, we are creating a solution with the maximum flexibility to allow us to align to security organizations’ business, versus a one-size-fits-all approach that forces them to adopt to the technology – which is an approach that sub-optimizes security.
Comment by TedOrlow on Oct 08, 2021 2:41pm
This post has been removed in accordance with Community Policy
Comment by Pandora on Oct 09, 2021 12:32pm
"and practical for sports and entertainment venues." Too bad he did not add "and schools" to that statement.
Comment by Roadrunner71 on Oct 09, 2021 1:51pm
I think that PAT is going after bigger fish for the moment.
Comment by Yajne on Oct 11, 2021 1:05am
Really not many 'bigger fish' than schools, if one considers total potential installs, even though stadiums may get headlines. It's kinda like mantra for the restaurant business, "If you want to live with the masses, feed the classes...but if you want to live with the classes, feed the masses". Stadiums, sports teams etc will no doubt garner large headlines, but the sheer ...more  
Comment by Roadrunner71 on Oct 11, 2021 10:37am
@Yajne: It could be also that stadiums etc, will have a bigger budget for securty than a local school board does.
Comment by mrpancake on Oct 11, 2021 10:41am
or more likley it does not work well in schools; since the Ohio school install was completed over a year ago- not a word, photo, or video of it in real world action...with all that Dooley did in promotion nothing came of it -pathetic
Comment by Yajne on Oct 11, 2021 12:35pm
Yes, I'm sure they do have more than a "local school board", but this type of decision would likely be taken well above the local school board level, likely by the state or possibly even above
Comment by Roadrunner71 on Oct 11, 2021 12:57pm
In this province (Alberta), the province provides the funding and then the school boards decide how it should be spent. I am guessing that it is like that in most places.
Comment by AhSocks77 on Oct 11, 2021 2:04pm
This post has been removed in accordance with Community Policy
Comment by Pandora on Oct 12, 2021 5:26pm
If you're following any of the news about what is going on these days in the school boards in the U.S. then I would think security at the doors is very low down on their priorities. I could say more but I'll leave it at that.
Comment by Jahpatriot on Oct 12, 2021 6:17pm
@Pandora: American stupidity will be their downfall. They take their children's privacy over their safety. It's an unfathomable concept. When you think about it it makes you wanna blow your own brains out on how stupid people are ( just a figure of speech by the way. Not that dumb to kill myself over someone else's stupidity).
Comment by Pandora on Oct 12, 2021 9:43pm
And if you watch their news they are getting worse every day - and that's on all subjects. Just amazing!
Comment by TedOrlow on Oct 08, 2021 2:43pm
This post has been removed in accordance with Community Policy
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