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Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s):  XTRAF | T.XTRA.WT

Xtract One Technologies Inc. is a Canada-based technology-driven threat detection and security solution provider, leveraging artificial intelligence (AI) to provide secure patron access control experiences. The Company's segments include Platform and Xtract. The Platform segment develops and commercializes a platform of AI-powered threat detection technologies. The Xtract segment develops and commercializes advanced artificial intelligence solutions for customers. Its products include SafeGateway, SmartGateway and Xtract One View. Its Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based software allows venue and building operators to identify weapons and other threats inside and outside of facilities and receive intelligence for optimizing operations. Xtract One View, the Company's cloud-based platform, provides oversight of its customers entire fleet of Xtract One SmartGateways from one interface.


TSX:XTRA - Post by User

Comment by mtvrdonon Nov 29, 2017 1:06pm
89 Views
Post# 27055766

RE:RE:RE:RE:RE:RE:RE:From Sedar

RE:RE:RE:RE:RE:RE:RE:From SedarI have asked them straight on to speak to this.   The news release of June 13 did mention the following timeline: 

"Our roll-out program initially conceived finalizing our engineering in early spring in order to meet Industry Canada and FCC certification requirements by late summer. This timing also aligns with our go-to-market packaging initiative and expectation that we will begin shipments to end-user installations by Q4 of this year."

They did meet certification requirements on the noted timeline although the actual certifcations took a while longer.   

It seems to me that aspects of the production roll out are taking longer than planned and this may mean that some of the orders noted in June are in an ambiguous state.   I don't think the company lied about the orders -- and that's a really good thing because it means the market for their product exists.  

The main concern that I have is on the production/rollout side and how close they will be to stated timelines.   They do have 15 million or so in the bank and they have sales interest.  I also believe the R&D side of the story and that it's a very viable product.   

Hopefully they can convert the potential and cash on hand into production and sales pretty quickly.
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