Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s): XTRAF | T.XTRA.WT

Industrials Aerospace & Defense

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

Xtract One Technologies Inc. > Interesting - Silicon Valley bank closed

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Comment by kidl2on Mar 10, 2023 1:48pm

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Post# 35331189

RE:Interesting - Silicon Valley bank closed

The undrawn part of this credit facility is certainly toast.
Remains to be seen what happens to the already (if any) drawn funds.
One thing is certain, the loss of this credit facility will impact their business plan.

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