Latest news with #SmartGateway
Globe and Mail
4 days ago
- Business
- Globe and Mail
Xtract One Drives International Growth Through US$2.6 Million Follow-On Contract with Global Entertainment Organization
TORONTO, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) ('Xtract One' or the 'Company') today announced it has been awarded a US$2.6 million contract to expand its SmartGateway deployment at a major international entertainment organization's venue. This additional project extends Xtract One's 2023 installation at the same location and demonstrates customer satisfaction along with growing demand for the Company's solutions in international markets. The initial three-year deal totaled over US$5.1 million and included hardware, software, installation, and support components. With deployment of this three year expansion contract planned for 2026 to align with the organization's scheduled expansion and enhancement activities, this project will scale up Xtract One's existing footprint and further support the entertainment organization's mission to deliver safer guest experiences at its venue. With this expansion, Xtract One reinforces its strategic commitment to delivering its innovative technologies to world-class, forward-thinking destinations globally. The expansion also indicates successful product fit and function, able to address the venue's unique needs and international requirements. 'Working together for two years now, we're honored to continue strengthening our partnership with this landmark destination to further showcase the efficacy of our weapons detection technology on a global scale,' said Peter Evans, CEO of Xtract One. 'International growth is a core focus for us, and this expansion project – with such a prominent organization – underscores the value of our solutions for key players around the world, provides another strong reference account, and ensures the safety and outstanding experiences for the more than 25 million patrons who visit the venue annually. I believe this is the single largest deployment of any solution globally. As more organizations across the world adopt tech-driven security solutions — particularly those that address the critical need for accurate knife detection — we look forward to further expanding our international customer base and showcasing SmartGateway as a viable solution for all venue security needs.' To learn more, visit About Xtract One Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved 'Walk-right-In' experiences while enhancing safety. Xtract One's innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit or connect on Facebook, X, and LinkedIn. About Threat Detection Systems Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today's world, no threat detection system is 100% effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security. Forward Looking Statements This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance and customer contracts, are 'forward-looking statements'. Forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'estimates', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, but are not limited to, the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no obligation to update any forward looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
The Market Online
24-07-2025
- Business
- The Market Online
Patron screening disruptor Xtract One signs latest industry leader
Xtract One Technologies (TSX:XTRA) signed a new contract with a leading global performing arts company, tasking the patron screening disruptor to install its SmartGateway product to enhance venue security The initial near-term deployment under the contract will include dozens of venues in 2025 Xtract One Technologies provides threat detection and security solutions leveraging artificial intelligence for high-throughput environments Xtract One stock is unchanged trading at C$0.35 as of 1:00 pm ET Xtract One Technologies (TSX:XTRA) signed a new contract with a leading global performing arts company, tasking the patron screening disruptor to install its SmartGateway product to enhance venue security. This content has been prepared as part of a partnership with Xtract One Technologies Inc., and is intended for informational purposes only. The SmartGateway uses sensors equipped with artificial intelligence to scan patrons as they walk through the device, enhancing throughput by avoiding the removal of personal items. The device holds the U.S. Department of Homeland Security's DHS SAFETY Act Designation as a Qualified Anti-Terrorism Technology. The initial near-term deployment under the contract will include dozens of venues in 2025, followed by strategic expansions later in the year and into 2026. Xtract One onboarded the client after a one-show trial period, which management sees as a testament to the SmartGateway's 'enhanced weapons detection capabilities, streamlined entrance experience, flexibility and portability to address the dynamic and changing needs of a tour environment,' as per Thursday's news release. The client joins high-profile parentships with Oak View Group, Madison Square Garden Sports and Sphere Entertainment, The American Association of Professional Baseball, the MLB's Colorado Rockies, the NBA's Cleveland Cavaliers and the NHL's New York Islanders, among others. Xtract One's technology, which can improve throughput by as much as 7x, while reducing OPEX by up to 80 per cent – according to slide 11 of the June 2025 investor presentation – has resulted in a three-year financial track record showing the company to be headed in the direction of shareholder value. Here's a breakdown: Revenue grew from C$3.62 million in 2022 to C$16.36 million in 2024, followed by more than C$10.5 million collected through three quarters in 2025. Xtract One's growing market share has been substantiated with decreasing unprofitability, improving from a C$39.72 million loss in 2022 to an C$11.06 million loss in 2024, with operations on track to continue the trend in 2025. The company's contract backlog and signed agreements pending installation has grown in tow from C$11 million in April 2023 to C$36.5 million in April 2025 (slide 13), positioning it for what management is confident will be a strong finish to the fiscal year, as per the Q3 2025 news release, creating momentum to expand into numerous target markets (slide 9). When we compare the patron screening player's income statements – which are tilted up and to the right – to its stock price – which has given back 52.05 per cent year-over-year and 63.16 per cent since 2020 – it's certainly worth a pause to ponder why the market has yet to recognize the company's improving financials. The likely factor, unprofitability, is un understandable deterrent, given that losses, though decreasing, remain sizeable. On the contrary, the SmartGateway is differentiated from competing products and a growing number of institutional clients are validating this fact across uses-cases, both in North America and internationally, increasing Xtract One's ability to pursue greater scale, pricing power and bottom-line profitability. The dilemma, as with all investments, is one of conviction, but in this case the data is resoundingly clear: Should Xtract One continue on its current path, the stock will have nowhere to go but up. Leadership insights 'In the world of live entertainment, brand experience is a key priority. These are immersive experiences where the first brand moment occurs at the entry to the venue. Well executed security changes the security guard to the first brand ambassador that a guest encounters, and their first brand experience,' Peter Evans, Xtract One Technologies' chief executive officer, said in a statement. 'We're proud to be working with another major player in the entertainment field, delivering next-generation security solutions that meet the demands of large-scale complex events in a myriad of deployment applications. These deployments demonstrate an exciting opportunity to combine our technological expertise with their creative vision, ensuring safe, seamless experiences for all audience members throughout the world.' About Xtract One Technologies Xtract One Technologies provides threat detection and security solutions leveraging artificial intelligence for high-throughput environments, including schools, hospitals, arenas, stadiums, as well as manufacturing and distribution facilities. Xtract One stock (TSX:XTRA) is unchanged trading at C$0.35 as of 1:00 pm ET. Join the discussion: Find out what investors are saying about this patron screening technology stock on the Xtract One Technologies Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Yahoo
26-06-2025
- Business
- Yahoo
San Mateo Medical Center selects Xtract One's weapon detection technology
San Mateo Medical Center in California, US, has chosen Xtract One Technologies' SmartGateway system to bolster its security measures with AI-powered weapon detection. This move aims to enhance the safety of visitors, patients and staff, beginning with the main campus and intending to extend to satellite clinics. The implementation of Xtract One's technology is timely, coinciding with new legislative requirements in California. California's Assembly Bill 2975 mandates that hospitals establish weapons detection screening at key entry points. San Mateo Medical Center's adoption of SmartGateway is a response to these regulations, aiming to improve the individual experience within the facility. Xtract One CEO Peter Evans said: 'With violent incidents being five times more frequent in healthcare facilities than in other industries, we recognise the unique challenge hospitals face in ensuring a safe environment. 'Our SmartGateway has shown proven efficacy in on-site, real-world testing and we are confident that its deployment at San Mateo Medical Center will provide enhanced security that identifies potential threats of all kinds, including firearms and edged weapons, and minimises disruptions to patients, staff, and visitors.' SmartGateway is known for its quick and discreet individual screening process. It employs AI sensors to scan individuals for weapons and other banned items as they pass through, without the need for emptying pockets. This innovation seeks to replace traditional metal detectors, reducing queue times at security checkpoints and providing valuable security data to enhance screening outcomes. The technology is designed to allow for a smooth flow of traffic through security points. San Mateo Medical Center's chief operations officer Robert Blake said: 'Deploying Xtract One's technology at our main campus reinforces that commitment. 'After extensive testing of various systems, we found SmartGateway's innovative technology to be the most effective for our facility's needs, allowing us to stay ahead of potential threats in order to maintain a secure and welcoming campus for everyone.' Earlier this year, Xtract One reported the installation of its Xtract One Gateway system at hospitals in Manitoba, Canada. "San Mateo Medical Center selects Xtract One's weapon detection technology" was originally created and published by Hospital Management, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
CBC
07-02-2025
- Health
- CBC
Winnipeg Health Sciences Centre to make AI-powered weapon detectors permanent
Manitoba's largest hospital is making AI-powered weapon detectors a permanent fixture at some of its entrances. Scanners located at the Health Sciences Centre adult emergency department in Winnipeg will go live on Friday, and the devices will also be installed at the hospital's Crisis Response Centre and the Children's Hospital ER over the coming days, said a Shared Health memo sent out to staff this week. Health Minister Uzoma Asagwara said during a news conference Friday that the detectors should be fully installed by Thursday. "We're thrilled that this is here and on site," the minister said. "I want to thank the health-care workers, who made it very clear that they had concerns that needed to be addressed." The move follows a months-long trial of the devices, which automatically screen people using artificial intelligence, allowing them walk into the facilities without having to remove any of their belongings at a security check, unlike traditional metal detectors. The HSC pilot tested devices from three different vendors. On Friday, Toronto-based Xtract One Technologies announced the company's SmartGateway detector was selected. CEO Peter Evans said SmartGateway is currently in use in places like New York's Madison Square Garden, facilities run by the U.S. Department of Veterans Affairs and other hospitals across North America. Evans said he couldn't provide any specific results from the HSC pilot because of a non-disclosure agreement, but the system was able to successfully detect thousands of weapons at a similar health-care facility in Virginia, were about five per cent of people were caught with items like knives, guns and even a crossbow. "What we've been able to determine in working in pilots like the one we did with Shared Health and like the ones that we've done at other locations is the problem is very significant," Evans said. 'No system is perfect' The Shared Health memo said the HSC emergency departments will be staffed 24/7 by an institutional safety officer and a security guard. It said the scanner at the children's ER entrance will only go live once Shared Health is "in a better position to staff the scanner and expected processes." Evans said HSC put the devices through a "rigorous process" to figure out the settings that worked for them during the pilot, testing it out in multiple locations and over several weeks. Xtract One aims to catch over 98 per cent of firearms and 96 per cent of edged weapons at a minimum during testing, but the results can vary depending on the environment, he said. SmartGate has also been tested by government agencies in the U.S. and the U.K., he said. "No system is perfect," he said. "You'll find organizations are looking to balance the guest experience and the safety, and so finding that sweet spot could leave the systems open to detecting or missing some of the weapons going through." Xtract One said it's in talks with other provincial governments to place the detectors in other Canadian heath-care facilities. When asked about potentially installing the technology to other hospitals in the province, Asagwara said not every approach works in every setting. "Some folks are talking about maybe community safety hosts," they said. "We're working with each and every site that has these concerns and making sure we're taking a tailored approach that meets their needs." The Winnipeg Jets and Blue Bombers also adopted the weapon detectors at their home arenas this year.
