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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 Skidaddleon Oct 28, 2018 12:23pm
261 Views
Post# 28884215

Latest opinion from Tailwinds Research for your reference:

Latest opinion from Tailwinds Research for your reference:  


Tailwinds’ Take: the PATSCAN system is revolutionary for security. This partnership with a global leader demonstrates the compelling strengths of PAT’s system and positions them for a large ramp in the near future.

TORONTO, CANADA — (GLOBENEWSWIRE –October 24, 2018) – Patriot One Technologies Inc., (TSX.V: PAT) (OTCQX: PTOTF) (FRA: 0PL) (“Patriot One” or the “Company”), developer of the revolutionary PATSCAN concealed weapons detection system, has been invited to partner with Cisco Systems (NASDAQ: CSCO) on its global innovation program. The partnership aims to assist effective commercial deployment of the PATSCAN family of threat detection solutions.
Cisco Systems’ innovation program includes a variety of engagement opportunities. The program will provide co-innovation and co-creation efforts for the integration of Patriot One’s PATSCAN threat detection solutions alongside Cisco security and network solutions, including framework architecture, installation, and data management. The proposed efforts target joint customer presentations leading to planning and implementation of integrated threat detection and security solutions with end-clients. In addition, Patriot One will acquire access to Cisco’s global network, potentially multiplying deployment of its PATSCAN family of threat detection solutions.
“We are very excited to partner with Cisco Systems on its innovation program, as it will accelerate our efforts to bring much needed threat detection solutions to the marketplace,” expressed Martin Cronin, CEO and President of Patriot One. “Our company’s vision is to create a world safer from acts of violence on our global citizens. This partnership will play a key part in our mission to be the foremost proponent and provider of innovative threat detection and counter terrorism solutions and services for public safety.”
Patriot One’s partnership with Cisco is underway. Engineers from both companies have been reviewing the PATSCAN threat detection solutions and evaluating ways to advance framework architecture and data management. In addition, last week, Patriot One engineers joined other Cisco partners to showcase the company’s PATSCAN family of threat detection solutions to Cisco’s largest clients and partners. The Patriot One showcase was part of the annual 2018 Cisco Connect Conference, held at the Toronto Congress Centre.  Other programs where Patriot One will present and demonstrate its PATSCAN family of threat solutions to Cisco’s global network and client base include Cisco’s Global Partner Summits, which take place around the world including Las Vegas, Barcelona and Toronto.
As referenced in its mission, Patriot One looks to deliver a layered, multi-sensor approach to threat detection to secure public and private spaces. From the parking lot to inside a building, Patriot One’s goal is to help today’s security personnel Deter, Detect & Defend as required. The partnership with Cisco will directly aid the Company in achieving this mission globally.

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