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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 notacasinoon Mar 17, 2021 8:41am
152 Views
Post# 32814874

RE:RE:RE:RE:RE:RE:RE:RE:RE:Financials are Up!

RE:RE:RE:RE:RE:RE:RE:RE:RE:Financials are Up!
TedOrlow wrote:
Nightstocker wrote: Ugh, what a jabroni.

I'm actually excited...Pat's still firm on their statements regarding involvement with big companies wanting Pat's products [LOVE hearing "thousands of locations"]

Evans is not backing down on a monster second half either. 

Dontfollow, if you're there, you need to unf*ck yourself, take the nude Cronin poster off your ceiling, grab a mitt and get in the game!


do you have the link for talk of thousands of locations?  i didnt get an email from them, maybe they blocked me from telling them whats what


HERE IS THE MENTION OF THE THOUSANDS OF LOCATIONS 
(bottom of page 5 of yesterday's MD&A)

Market Opportunity During the quarter, the Company revamped its sales and marketing strategy to focus on near-term customers. Previously, the Company focused on all markets in need of enhanced security solutions where the Company’s products could add value. In the short term, the company is now focusing on markets where its solution operates effectively in the customer’s physical environment, where the customer has a specific stated need that fits the Company’s solution, and where sales cycles are reasonable. This change was made with the aim of delivering nearterm revenue. The Company has identified the following key market segments that are well suited for the Company’s suite of threat detection technologies:
 
• Stadiums, arenas, and outdoor event spaces
• Casinos
• Commercial and retail buildings
 
During the quarter, the Company has been using marketing campaigns targeted at these industry groups which have led to promising opportunities. The Company is focused on working through the sales cycle with these potential customers as quickly as possible. The Company has also focused its efforts on large enterprise customers which will lead to larger installations. Some of the Company’s current opportunities involve working with organizations who have hundreds, or in some cases thousands, of locations that they need a security solution for, to either replace older metal detectors, or implement protection for the first time.


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