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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

Xtract One Technologies Inc. > Patriot One Secures Deal with Large Auto Manufacturer
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Post by notacasino on Aug 02, 2022 7:36am

Patriot One Secures Deal with Large Auto Manufacturer

I received this email this morning from Patriot One

Dear Shareholder,
 

Patriot One Technologies Inc is pleased to announce it has secured a deal with a large U.S.-based auto manufacturer to protect all employee entrances at three of its manufacturing facilities. 

The auto manufacturer will use Patriot One’s SmartGateway patron screening solution to unobtrusively scan all employees and workers for guns, knives and other weapons upon entrance to the facility. This not only provides a higher degree of safety for workers than traditional walk-through metal detectors but enhances the effectiveness and productivity of the manufacturing facility.

“Large manufacturing plants are a solid fit for our modern weapons detection solution, for increased safety and speed,” said Peter Evans, CEO of Patriot One. “The inevitable shift change of workers can be a slow ordeal. With the need for increased security in an increasingly insecure world, shift productivity delays are inevitable with traditional screening methods.   This is the classic trade-off and conflict of efficiency versus security. SmartGateway is designed to address this conundrum and enhance both security and efficiency – in this case – ensuring shift change efficiency with no production delays due to new security procedures. For manufacturing customers with existing metal-detector screening, SmartGateway dramatically speeds the shift change process up, by not requiring workers to empty their pockets of personal items. Workers without weapons can stroll right in, while the ones who have a weapon on them will be stopped by security guards.” 

The SmartGateway iteration of Patriot One’s Gateway solution is also used by stadiums, casinos and other entertainment venues to protect patrons from the risk of mass casualty events. By using artificial intelligence (AI)-powered sensors, the solution can accurately distinguish prohibited items from personal items such as cell phones and watches, and then alert security guards when a secondary screening is necessary. Patriot One previously announced that auto manufacturer Kia Georgia Inc. is also using the Gateway to protect its workers by securing entrances.  

Evans continued, “We are very pleased with this opportunity. This customer reached out to us over a year ago after a concerning weapons incident. Over the past year, they have executed extensive analysis and tested numerous solutions, and selected Patriot One from other competitive options based on best fit and efficacy, and partnership. Over the past year the relationship has expanded with shared insights and joint collaboration on innovations to further enhance the solution. We look forward to continued work together and addressing their global needs at other facilities.”

Comment by Jahpatriot on Aug 02, 2022 8:43am
Who says management doesn't read this board? Nice to see Peter took my advise on concealing the name of the client but stated the size of the client.
Comment by TedOrlow on Aug 02, 2022 9:16am
This post has been removed in accordance with Community Policy
Comment by TedOrlow on Aug 02, 2022 9:18am
This post has been removed in accordance with Community Policy
Comment by Pandora on Aug 02, 2022 9:45am
Well it's nice to finally see a small cap stock that moves more than a penny -- and to the upside at that!
Comment by Rick311 on Aug 02, 2022 10:03am
Let's see if Elon expands the solution to additional facilitetes globally like they mentioned in the nr.
Comment by TedOrlow on Aug 02, 2022 10:16am
This post has been removed in accordance with Community Policy
Comment by BocianWaffles on Aug 02, 2022 10:30am
Agreed seems to be a start of something bigger. Already the company has Agreements executed with 2 auto manufacturers. Disappointed sales were t announced but these plants are usually huge so it wouldn't be unrealistic to figure 3-5 employee entrances per plant (maybe more)..so likely 9-15 msg in total. Looking forward to hearing more all imo long ptotf 
Comment by Rick311 on Aug 02, 2022 10:39am
Yeah you have to be really stupid to think 25000 employes go trough 1 entrance, that would be associated with huge delays and costs.
Comment by BocianWaffles on Aug 02, 2022 10:42am
I can assure you no one in their right mind truly thinks that...it would like be a fire safety issue...lololol
Comment by Rick311 on Aug 02, 2022 10:55am
Yes the costs due to potential delays could end up being monstrous.
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