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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 mrpancakeon Feb 06, 2022 6:04pm
237 Views
Post# 34402964

to Jim Carr, Chair of Standing Committee on Public Safety

to Jim Carr, Chair of Standing Committee on Public SafetyAt the February 2, 2022 Standing Committee on Public Safety and National Security, Dane Lloyd... [referring to Patriot One Technologies] said ...
“Its using artificial intelligence and radar scanning...  “it has clients across the U.S. including the U.S. gov't, major casinos, schools as a way to  identify through artificial intelligence and radar when there is a concealed weapon’s being involved. "

It’s important that you be made aware that the radar technology Patriot One developed  was mothballed by Patriot One after the FCC dismissed its only radar application in Oct. 2020 (attached is a copy of the dismissal letter- see FCC letter.PDF). Since that time all reference to its radar device have been removed from the company website. The reference to clients such as the U.S. gov't major casinos, schools is misleading in itself. Patriot One had a test project recently in a U.S. gov't building employee entrance. Moreover, at one time Patriot One had trials in two casinos and a couple schools including one that had an event center installation outside the entrance in Ohio. Incidentally, while the original innovation seeked to identify the type of concealed weapon, the company has since removed reference to identification of specific concealed weapons from its vocabulary. While it would be nice to think that this Canadian company is on the cusp of technological innovation, sadly as a shareholder for over three years I don’t see much market penetration other than that detailed above.   

Please remind Mr. Lloyd to check the facts before he communicates publicly. What he said about Patriot One is misleading.

Sincerely

Kevin Garski

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