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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 bobbythebakeron Aug 10, 2023 12:26pm
85 Views
Post# 35581977

RE:RE:RE:We need DHS

RE:RE:RE:We need DHSActually Baxbax, even though Peter used the word "designation", I think this quote implied XTRA is aiming for the more challenging level of ceritification, as was recommended by DHS:

"We’re going for a designation level that was at the recommendation of the DHS.  Originally we were applying for a DTED, and they said the broad efficacy and proven value of our solution in a broad set of customers warrants us going for the higher level of the DHS Safety Act."

From the DHS Safety Act glossary:

https://www.safetyact.gov/lit/hfhtml/Glossary

Designation

When a technology is designated as a Qualified Anti-Terrorism Technology (QATT), the seller of the QATT is granted limited liability for all claims arising out of the deployment of the QATT with respect to an "act of terrorism."
 

Certification

The highest level of protection under the SAFETY Act. Certification affords a seller the protections of Designation as a Qualified Anti-Terrorism Technology (QATT) and recognition as an "Approved Product for Homeland Security." Additionally, the seller of the QATT is eligible for a presumption that the government contractor defense will apply to all claims arising out of the deployment of the QATT with respect to an "act of terrorism." The successful assertion of this defense can potentially eliminate any liability on the part of the seller. Designation is a prerequisite for Certification.

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