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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

Post by vezmic1on May 29, 2018 7:55pm
196 Views
Post# 28096440

Pat Scan

Pat Scan

I remember a little while back in March 2017 Pat entered a reseller agreement with a South African firm called Mutual Safe or something like that.  South Africa has a high crime rate and this company makes safes and also building infrastructure to protect valuables.  Such as... strong rooms, and intriguingly... strong doors.  Think access points.  Think doors that lock automatically. Think schools.

I tend to agree that this product will probably need dedicated armed security staff to monitor scan results and be able to respond very quickly, but not in every instance. This system could offer early warning, which is much better than hearing the gun shots or seeing people getting hit. Or it could offer an automated response.

As an example, imagine a convenience store with a singe point of access, which most of the ones in bad high-crime areas have. Some idiot walks in with a gun and either gets trapped between two doors that automatically lock (similar to a system mutual safe offers) or cant open the interior door since the system detected a prohibited item and has to eventually give up and leave the way they came in.

Now schools have controlled access points so this could possibly work. Like you step into a turnstile that scans you and if it doesn't like what it finds, it locks you down. Hotels have them, casinos have them. Even IKEA has turnstiles.

Anyway PAT isn't a magic wand that keeps bad people away (although it will likely be a HUGE deterrent for the places that install it) or good people alive, it requires a individually customized and holistic plan that will take time to work out. But it'll be huge when it starts coming online. Don't expect that to take too long either. These guys are wining awards, setting up demo sites, and briefing Congress, and you don't to that with a system that 'doesn't work yet' - as some have stated.

Or whatever, sell your shares cause your afraid, if this weak 3rd rate basher garbage convinces you, then you deserve to lose your money.


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