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Bullboard - Stock Discussion Forum 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... see more

TSX:XTRA - Post Discussion

View:
Post by kidl2 on Apr 20, 2022 7:50am

News

Patriot One Technologies Selected by Oak View Group to Protect Austin's New Venue, Moody Center

TORONTO, April 20, 2022 (GLOBE NEWSWIRE) -- Patriot One Technologies (TSX: PAT) (OTCQX: PTOTF) (FRA: 0PL) today announced the Oak View Group has selected Patriot One's Gateway solution to protect all entrances to Austin's new world-class live entertainment venue, Moody Center, the new home of The University of Texas basketball teams. The Gateway will be in place for Moody Center's first show, Grammy(TM)-Award winning John Mayer on April 20th.

Moody Center, which seats more than 15,000 people, will deploy Patriot One's SmartGateway(TM) solution, that is specifically designed for stadiums and other large entertainment venues. The Gateway will unobtrusively scan patrons for concealed guns, knives and other prohibited items when they enter the facility, without the need to remove personal items from their pockets. This allows for an uninterrupted, free flow of patrons into the stadium, eliminating security lines and delays.

"Despite being The Live Musical Capital of the World, Austin was lacking a state-of-the-art venue to host the best and biggest names in the music industry. Moody Center is a place built for Austin. Not only will it be the best place to experience live entertainment, but it will also be a place to watch more Longhorn victories," said Jeff Nickler, senior vice president and general manager of Moody Center. "The arena was built with the best technological advances in the world, which include unparalleled patron security and safety. We chose Patriot One because of its ability to help us maximize patron entry, as well as cost savings. Versus traditional walk-through metal detectors, the Gateway screening solution is allowing our patrons to experience up to six times faster entry, while reducing operational costs more than 50%."

The Gateway solution sensors are equipped with artificial intelligence (AI) that scan for concealed weapons on patrons as they enter the venue. Its easy-to-use system requires fewer security guards to operate, meaning additional guards can be redeployed to other high-value tasks around the stadium, such as responding to security incidents. The SmartGateway(TM) iteration of the Gateway solution was specifically designed for high-throughput venues, such as those that host large, ticketed events. It can securely get thousands of patrons inside the venue quickly, in alignment with security standard requirements.

"Our Gateway solution is very customizable and flexible, allowing us to architect it to be a perfect fit for venues like the Moody Center, so they can have the best of both worlds in terms of fast security lines and cost savings," said Peter Evans, CEO of Patriot One. "We are pleased that Oak View Group has chosen us to protect entrances at their venues. We look forward to continuing to do so in the future."

For more on Patriot One's Gateway and other AI-powered solutions, please visit https://patriot1tech.com/patscan/products/.

Comment by bailey2 on Apr 20, 2022 7:58am
Excellent News. Does the word validation come to mind? Going to be a multi-dollar shareprice.....Patience.. glta
Comment by JVJ24601 on Apr 20, 2022 9:52am
Curious on how much of the $1.2M Backlog in platform sales this will free up for collected and booked revenue?   Maybe $200K in revenues from 1 of the 20+ Trials that's holding up the $1.2M balcklog platform sales Here's my estimate on how April MD&A will outline...purely speculation, as this Moody Center Sale is the only announcement made during hte quarter Q3 (February 1 ...more  
Comment by Ganian1234 on Apr 20, 2022 9:16pm
Comment by BocianWaffles on Apr 20, 2022 10:08am
More validation indeed!!! Good to see Pat starting to eat that market share...would be curious if Pat is one of the techs being tested by the MTA? A win like that would likely end in ath all Imo ..long Pat
Comment by Rick311 on Apr 20, 2022 10:37am
They are testing 3 different techs so it's likely considering the partnership with the oig.
Comment by TedOrlow on Apr 20, 2022 11:27am
This post has been removed in accordance with Community Policy
Comment by BocianWaffles on Apr 20, 2022 11:44am
I feel you..I think we are on the right track though..probably doesn't help that sales numbers aren't revealed in the NR..at the end of the day that's what the market wants.
Comment by TedOrlow on Apr 20, 2022 1:33pm
This post has been removed in accordance with Community Policy
Comment by Rob1love on Apr 20, 2022 1:50pm
when was the last time evolv signed a new stadium
Comment by TedOrlow on Apr 20, 2022 1:55pm
This post has been removed in accordance with Community Policy
Comment by JVJ24601 on Apr 21, 2022 10:42am
Rest assured, Evolv, Patriot, Liberty, Plymouthand all these new security tech publicly traded players will NOT announce every sale.   Just the keys one... They don't want shareholders tallying up their press releases for the quarter to get insight into their quarterly earnings.  So no one knows if Evolv has made or not made a stadium sale.   However, one thing for certain ...more  
Comment by BaronBuffett on Apr 21, 2022 10:59am
Any company aligned with Bill Gates should not be engaged with.
Comment by Nightstocker on Apr 20, 2022 2:07pm
The bigger point with both Oak Bay and OIG is that they are the gatekeepers for multiple venues. If Pat is their choice, our financials will soar over the next couple years.
Comment by mrpancake on Apr 20, 2022 2:30pm
Someone pointed out... "That's 1 sale to close out the month of April."   Where in the wording of todays news release does it say "sale"? 
Comment by Ganian1234 on Apr 20, 2022 9:23pm
From the article: We chose Patriot One because of its ability to help us maximize patron entry, as well as cost savings.
Comment by Rick311 on Apr 22, 2022 9:12am
Oak view is the largest sports and entertainment developer in the world.
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