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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. > DHS & Safety Act for MLB, NFL & NBA
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Post by Davinator on Jan 31, 2024 11:55am

DHS & Safety Act for MLB, NFL & NBA

Firstly, Golden, good pull on the Alpha Wolf NBA info.  That sound bite makes it pretty clear cut to me.  We are good to go with NBA teams.  I think we are all consuming so much info on XTRA that it gets tough to remember it all.  Having said that, and as Nightstocker has said a few times (and I agree), there is no doubt that teams would want the additional liability coverage that is available from having DHS Desigation or Certififation (see more on that below).  

The info on the first link below is quite dated (2017), but there is nothing more current available on the DHS site and I cannot find anything that specifically states that DHS Desigation or Cerification is mandatory for a security screening solution at a Pro sports venue.  But via DHS approval, seems to come inclusion in the Safety Act which specifically states that the Act provides legal liability protections, which any billionaire Pro sports team owner would surely want to have in the background for their chosen weapons screening tool.  

Based on today's Alfa Wolf video, it sounds like they've had A LOT of CSO tire kickers from the NBA and hopefully many of them are ready to puill the trigger as soon as the DHS Designation is in place.  

If nothing is announced prior to the Q2 call, I really think every single one of us needs to submit the same question prior to the Q2 call....When is DHS Desigation going to be in place?  Peter has been talking about it for 3 or 4 quarterly calls now.  It cannot take this long.  Where are they in the process and why so much delay???

Anyway, links you may wish to have a peek at below...

https://www.dhs.gov/science-and-technology/news/2017/11/02/snapshot-dhs-st-partners-nfl-mlb-and-nba-increased-security

https://safetyact.gov/#
Comment by Golden100 on Jan 31, 2024 12:16pm
Even if some of the teams are reluctant to sign up without DHS in their back pocket it does not take away from the fact that Peter and his team are being proactive and actively persuimg these teams. That tells me that DHS is inevitable and we are on the cusp of that happening soon. Yes it has been longer than any of us had imagined but seriously how much longer can it be. I remain optimistic as ...more  
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