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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 dontfollowon Jan 05, 2021 12:52pm
489 Views
Post# 32224457

New patent pending

New patent pending

So PAT filed a new patent application 6-7 months ago and it got published a few weeks back in December. I have not checked for a while so I missed the patent pending until now. It seems that the patent is based on, and an extension of, the Quasar patent that PAT has exclusive rights on in perpetuity. 

Some highlights of the claims are:

2. The system of claim 1, wherein the system comprises an artificial intelligence or machine learning module in the processor to improve identification of the magnetized object based on the characteristic waveforms created by the magnetized object.

5. The system of claim 1, wherein the rigid framework of the sensing structure hides the number, location, and orientation of the magnetic sensors such that the screening area for detection of subjects with magnetized objects passing by is covert

6. The system of claim 1, further comprising a video camera for capturing an image or video of a subject with the magnetized object passing through the screening area to assist the system with discriminating whether the magnetized object is a threat.

And so on. Maybe this has been a hold-up for sales and they've waited for the application to be accepted and published? Since a patent pending gives protection. 
 

Anyway, exciting times. GL to all longs!

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