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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 Roadrunner71on Oct 08, 2021 2:32pm
457 Views
Post# 33989833

News Release!

News Release!

 TORONTO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”) today announced it has released the next phase of its threat detection multi-sensor gateway (MSG) with technology enhancements that make it increasingly accurate, flexible and practical for sports and entertainment venues.

MSG is a weapons detection scanner that stadiums and entertainment venues can deploy at points of entry. Unlike traditional metal detectors, the system uses sensors and purpose-designed artificial intelligence (AI) to scan for prohibited items such as guns and other weapons, accurately and unobtrusively at entry points. This eliminates the need for every patron to stop to empty their pockets and bags, which dramatically increases the rate at which people can enter facilities - improving the patron experience and maximizing revenue opportunities for venue operators, without compromising security.
 
The new version of MSG includes additional sensing capabilities and AI features that further improve weapons-detection accuracy, including further improved detection for small weapons including knives, lower false alarm rates due to heavier clutter in pockets, and directional alerting. The new release also includes requested features to further optimize security personnel requirements, activities, and processes. “These enhancements are a direct result of our work with key professional sports leagues and stadium customers, who have provided valuable feedback on the features and functionality they need to maximize the patron experience, and exceed their currently defined security standards,” said Patriot One CEO, Peter Evans.
 
Evans said that customer feedback played a key role in MSG’s enhancements, as many of the updates were based on defined customer priorities and requirements. “Many security directors have been disappointed by systems that perform well in the lab, but can’t deliver the same performance in their specific environment or within their unique stadium needs,” he said. “Along with more accurate detection and continuously improving false positive alert rates, MSG boasts increased resilience to electromagnetic interference (EMI), vibrations, and noise from boisterous environments, making it ideal for stadiums and live concert environments hosting large crowds.”
 
Along with the enhancements to MSG detection performance, Patriot One has added several features designed to give security organizations the maximum flexibility to align to their security model. Enhanced kiosk capabilities, flexible alerting, user defined alerting options, and profile settings are all available and adjustable by the users to fit their unique security operations requirements.
 
Evans added, “Each stadium is unique. They have different footprints, ages, entries, available space, locations in urban environments, among other considerations that force operators to adjust their security approaches. Recognizing this, we are creating a solution with the maximum flexibility to allow us to align to security organizations’ business, versus a one-size-fits-all approach that forces them to adopt to the technology – which is an approach that sub-optimizes security.
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