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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 Nov 27, 2018 11:21am
191 Views
Post# 29027316

Latest opinion from Tailwinds Research FYI:

Latest opinion from Tailwinds Research FYI:

Tailwinds’ Take: this acquisition adds to the capabilities of PATSCAN as Patriot One is building out a complete threat detection system. Their ability to integrate different threat detection systems, using an AI algorithm, will create an industry leading product suite. We expect to see further acquisitions in the near future. And, while integrating these products has delayed deployments until Q1 of 2019, the goal of having the industry leading offering is closer than ever. Thus, the end market continues to expand and the competition is further behind than ever.

TORONTO, November 27, 2018 –– Patriot One Technologies Inc. (TSX.V: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the award-winning PATSCAN™ covert weapon detection system, is pleased to announce the execution of a definitive acquisition agreement with EhEye Inc. (“EhEye”) of New Brunswick, Canada (the “Transaction”).

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