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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 mrpancakeon May 02, 2021 11:04pm
124 Views
Post# 33112253

RE:Xtract with a new R&D contract

RE:Xtract with a new R&D contract
You understand that this is an R&D research grant to Xtract, a company PAT paid $6,000,000 and the issuance of 9,422,956 Patriot One common shares and continues to report a goodwill value of  
 $ 22,993,819
As such an R&D revenue they receive is peanuts compared to what they paid out for the company 
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