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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 kidl2on Apr 20, 2022 7:50am
574 Views
Post# 34615636

News

News

Patriot One Technologies Selected by Oak View Group to Protect Austin's New Venue, Moody Center

TORONTO, April 20, 2022 (GLOBE NEWSWIRE) -- Patriot One Technologies (TSX: PAT) (OTCQX: PTOTF) (FRA: 0PL) today announced the Oak View Group has selected Patriot One's Gateway solution to protect all entrances to Austin's new world-class live entertainment venue, Moody Center, the new home of The University of Texas basketball teams. The Gateway will be in place for Moody Center's first show, Grammy(TM)-Award winning John Mayer on April 20th.

Moody Center, which seats more than 15,000 people, will deploy Patriot One's SmartGateway(TM) solution, that is specifically designed for stadiums and other large entertainment venues. The Gateway will unobtrusively scan patrons for concealed guns, knives and other prohibited items when they enter the facility, without the need to remove personal items from their pockets. This allows for an uninterrupted, free flow of patrons into the stadium, eliminating security lines and delays.

"Despite being The Live Musical Capital of the World, Austin was lacking a state-of-the-art venue to host the best and biggest names in the music industry. Moody Center is a place built for Austin. Not only will it be the best place to experience live entertainment, but it will also be a place to watch more Longhorn victories," said Jeff Nickler, senior vice president and general manager of Moody Center. "The arena was built with the best technological advances in the world, which include unparalleled patron security and safety. We chose Patriot One because of its ability to help us maximize patron entry, as well as cost savings. Versus traditional walk-through metal detectors, the Gateway screening solution is allowing our patrons to experience up to six times faster entry, while reducing operational costs more than 50%."

The Gateway solution sensors are equipped with artificial intelligence (AI) that scan for concealed weapons on patrons as they enter the venue. Its easy-to-use system requires fewer security guards to operate, meaning additional guards can be redeployed to other high-value tasks around the stadium, such as responding to security incidents. The SmartGateway(TM) iteration of the Gateway solution was specifically designed for high-throughput venues, such as those that host large, ticketed events. It can securely get thousands of patrons inside the venue quickly, in alignment with security standard requirements.

"Our Gateway solution is very customizable and flexible, allowing us to architect it to be a perfect fit for venues like the Moody Center, so they can have the best of both worlds in terms of fast security lines and cost savings," said Peter Evans, CEO of Patriot One. "We are pleased that Oak View Group has chosen us to protect entrances at their venues. We look forward to continuing to do so in the future."

For more on Patriot One's Gateway and other AI-powered solutions, please visit https://patriot1tech.com/patscan/products/.


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