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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 Feb 06, 2022 10:05pm
145 Views
Post# 34403289

RE:Jahpatriuot... You said "US government purchase of Pat1"(?)

RE:Jahpatriuot... You said "US government purchase of Pat1"(?)After reading the latests news release I realize, 2021 was "the project" year.  What I did not realize is that Patriot One is planning to comtinue with these MSG  development projects  throughout 2022.  I read so on page 5 and 6 of the shelf prospectus. 

Projects

During fiscal 2021, the Company continued to invest in research and development focused around three specific project areas to advance the functionality of its product offerings in response to the growing market opportunities and feedback from early-adopter customers:

 Multi-Sensor Gateway (MSG!

The first multi-sensor gateway was initially released to the market in August 2020. This was followed by an enhanced version of the gateway in September 2021 which incorporated technology and functionality enhancements that made the patron screening product increasingly accurate, flexible and practical for sports and entertainment venues. The MSG product is a crucial product within the Company’s technology portfolio due to the significant market demand for digital threat detection screening solutions. Accordingly, the Company intends to continue to make certain development modifications and enhancements to the MSG product throughout fiscal 2022, to further align the solution to meet the demands of its current and future customers and to maintain its status a market leader for patron screening solutions. Proposed enhancements will include expanding the compatibility of the technology with complementary external monitoring solutions, expanding the flexibility of the product to accommodate different end-use environments, expanding the integration opportunities with other technology offered by the Company, improving analysis specificity, as well as general performance and usability improvements. These enhancements are expected to continue to improve the capabilities of the gateway, thereby expanding the addressable market for the gateway beyond the current target markets.
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