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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 Yajneon Jan 03, 2025 10:11pm
89 Views
Post# 36387112

RE:RE:RE:Oh dear....

RE:RE:RE:Oh dear.... Agree 100% Golden. Evolve has muddied the waters for the entire AI security industry, and has caused a total lack of trust in AI and it's potential for this space. That results in a big hurdle for all security companies to overcome. Hopefully prospective clients will understand and rely on certifications from DHS, etc. 

Golden said:
I think you are missing the point of the article Revenant. It's about being mislead by Evolv and their capabilities. It was false advertising. They spent one million dollars based on that false information.
It has now tainted their view of the entire industry. It brings to light why Xtract has gone the extra mile to be certified by the likes of DHS and TFSA etc. and why it is so important to maintain that integrity. Evolv has muddied the waters for the AI security industry and has made it more difficult to gain the confidence of new customers. This is a very delicate industry to be in right now and mistakes will only be magnified. 
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