Xtract One Technologies Inc. T.XTRA

YouTube Video of Peter Presenting to Echelon Wealth Partners

[bobbythebaker]

Here’s a new YouTube video of Peter speaking to investors with Echelon Wealth Partners on July 26th:

https://www.youtube.com/watch?v=ptpMhqDVRnY

 

I believe this supports my theory that XTRA is out there pounding the pavement to raise funds for the growth ahead (and not looking to be bought out on the cheap.)

 

My notes on what sounded new and/or significant:

 

“We’re now on the Security Screening Product Catalog for the TSA in the US.”

 

“In the first 3 quarters of this this fiscal year, we announced 790% growth over the same 9 months of the prior year, and we don’t see that trajectory changing at all.”

 

Peter presented a case Study of the Moody Center (17,000 seats, 225 events a year) showing cost savings of more than $700k per year.  Patron throughput increase of 5x-7x.  42 metal detected converted to 9 SmartGateways.  84 security staff reduced to 27.  Recent Harry Styles concert processed the entire crowd with 8 SmartGateways in under 23 minutes.   Xtract One is saving them roughly 50% of their budget.  $2.4mm security staff budget has been reduced to around $1mm.  Ultimately they’ve saved themselves $700k per year OpEx, even after the cost of SmartGateways.  (So if my math is right, and if this is the subscription model, XTRA is taking in $2.4mm previous staff budget -$1mm today’s staff budget -$700k cost savings for Moody’s = $700k for 9 SmartGateways, or $78k per gateway per year.  First time I’ve seen hard numbers like this to model SmartGateway installations.)

 

“We are knee deep in the Department of Safety Act activities.  We’re going for a designation level that was at the recommendation of the DHS.  Originally we were applying for a DTED, and they said the broad efficacy and proven value of our solution in a broad set of customers warrants us going for the higher level of the DHS Safety Act.  Unfortunately, the American government moves slowly, as anyone who’s submitted their IRS tax forms back in April can confess to, and so we are pushing on the government as hard as we can.  Most importantly to me, we’ve got customers, strong voice customers, who are also pushing on the DHS as hard as they can, too.”

[Boomnbust]

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[Davinator]

Every time I see one of PE's presentations I am mind boggled that our SP isn't $5+ with people clamoring to buy in before it goes through the roof. He is a compelling speaker on behalf of a fantastic product. But then I see this presentation is on "Echelon Partners" YouTube channel with a whopping 452 subs! Again I have to ask what is Peter doing spending his valuable time doing

[Boomnbust]

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[pliskenNYC]

@davinator ... exactly my point.. p!she's me off..

[kidl2]

Davinator: While I understand and somewhat share your frustration, it’s not the number of subscribers. It’s the quality of subscribers. Echelon is primarily catering to high net worth clients. It’s a small but powerful audience.  

[Golden100]

Thanks kidl2. I wasn't to sure about the credentials of Echelon. Nice to touch base with clients with some financial clout. 

[Romulus22]

Great interview. Evans is getting better and better at these. This was flawless. He's ready for the big leagues. The presentation had so much useful info for newbies to see this as a great investment.  I think he meant DHS "Certification" by the context of the talk.  While Goverment is slow and XTRACT are neck deep in the process, it's very good hear even prospective

[Golden100]

I agree. I thought Evans was a lot more forceful and adamant about the company and where we are headed. Hopefully  the audience today picked up on his passion. He made it very clear this is serious business and we have a superior product that can make a difference. Nice presentation.