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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 Humaniston Feb 09, 2024 12:21pm
114 Views
Post# 35872532

RE:RE:RE:RE:RE:RE:IS COMPANY LOW ON CASH OR IS THERE ANOTHER REASON ?

RE:RE:RE:RE:RE:RE:IS COMPANY LOW ON CASH OR IS THERE ANOTHER REASON ?Valid points, my concern is if they submitted the application and the dhs returned with other requirements/ explanations/ changes requirred etc.. espcially if more than once.. all this would cause a lotf of delay.. but it would benice to know if the final application for certification has been submitted and when.. thats what i would ask.. 




Nightstocker wrote:

I'm really hoping during the next earnings call that Evans can be pinned down as to what  the hell is really going on with the DHS application process.

Based on both the posted application time on the DHS Safety Act page, and the time it is taking other companies to obtain ( at the very least) a designation level approval, we are way behind schedule. Average is 120 days after completed submission.

Two other points of interest on the DHS website:
 

• OSAI has reduced SAFETY application processing times and
the number of applications being evaluated beyond the
regulatory timeline from more than 50 percent in January
2022 to less than 25 percent as of January 2023.
• The SAFETY Act leverages support from other DHS
component anti-terrorism programs such as the
Transportation Security Administration’s Certified Cargo
Screening Program; Federal Emergency Management
Agency grants assessment program for emergency
response; the CISA Hardening Soft Targets Program,
Protective Security Advisor program, and Chemical Facility
Anti-Terrorism Standards.

So DHS has actually sped up the application process, AND appear to take into consideration TSA  approved screening  programs.

Yet with all this, we still seem to be getting repeatedly "RFI'd" by DHS. There are either issues with the Gateway, or Xtract is bungling the application process.

Evans just seems to add another "very" onto the "soon" in each successive webinar.  Add the fact that Xtract initially applied as a "developmental testing" technology rather than for full designation, and there is a lot of vagueness and omission going on.

 



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