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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 Canadaforoilon Oct 27, 2022 5:03am
347 Views
Post# 35052168

Have to beat a major competitor who have backing of fed govt

Have to beat a major competitor who have backing of fed govtA group of ex-soldiers have produced, using AI, a software program that uses cameras throughout the school to identify and track active shooters.  Yes, it is after the fact but getting strong backing by the government.  It can communicate in real time with police to show where the shooter is and their activities.  Police can communicate with each other and staff to evacuate parts of buildings where active shooter is not present.  Schools, which have limited budgets, will have to decide what type of system they want.

So PAT will have to somehow prove results to get their type of system to stop the incident before it starts.  If you are interested in this company, they were highlighted on 60 Minutes two weeks ago.  The company is also U.S. based so I am not sure if the "Buy American" policy from Biden will have any traction with this type of program.  
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