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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 notacasinoon Aug 02, 2022 7:36am
279 Views
Post# 34865068

Patriot One Secures Deal with Large Auto Manufacturer

Patriot One Secures Deal with Large Auto Manufacturer

I received this email this morning from Patriot One

Dear Shareholder,
 

Patriot One Technologies Inc is pleased to announce it has secured a deal with a large U.S.-based auto manufacturer to protect all employee entrances at three of its manufacturing facilities. 

The auto manufacturer will use Patriot One’s SmartGateway patron screening solution to unobtrusively scan all employees and workers for guns, knives and other weapons upon entrance to the facility. This not only provides a higher degree of safety for workers than traditional walk-through metal detectors but enhances the effectiveness and productivity of the manufacturing facility.

“Large manufacturing plants are a solid fit for our modern weapons detection solution, for increased safety and speed,” said Peter Evans, CEO of Patriot One. “The inevitable shift change of workers can be a slow ordeal. With the need for increased security in an increasingly insecure world, shift productivity delays are inevitable with traditional screening methods.   This is the classic trade-off and conflict of efficiency versus security. SmartGateway is designed to address this conundrum and enhance both security and efficiency – in this case – ensuring shift change efficiency with no production delays due to new security procedures. For manufacturing customers with existing metal-detector screening, SmartGateway dramatically speeds the shift change process up, by not requiring workers to empty their pockets of personal items. Workers without weapons can stroll right in, while the ones who have a weapon on them will be stopped by security guards.” 

The SmartGateway iteration of Patriot One’s Gateway solution is also used by stadiums, casinos and other entertainment venues to protect patrons from the risk of mass casualty events. By using artificial intelligence (AI)-powered sensors, the solution can accurately distinguish prohibited items from personal items such as cell phones and watches, and then alert security guards when a secondary screening is necessary. Patriot One previously announced that auto manufacturer Kia Georgia Inc. is also using the Gateway to protect its workers by securing entrances.  

Evans continued, “We are very pleased with this opportunity. This customer reached out to us over a year ago after a concerning weapons incident. Over the past year, they have executed extensive analysis and tested numerous solutions, and selected Patriot One from other competitive options based on best fit and efficacy, and partnership. Over the past year the relationship has expanded with shared insights and joint collaboration on innovations to further enhance the solution. We look forward to continued work together and addressing their global needs at other facilities.”


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