Latest news with #XtractOne
Globe and Mail
5 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.
CBC
07-08-2025
- Health
- CBC
Metal detectors coming to Nova Scotia hospitals
Social Sharing Nova Scotia Health is planning to ramp up security at hospitals across the province this fall by installing metal detectors that use artificial intelligence to identify weapons. The move comes after three employees were attacked by a patient at the Halifax Infirmary in January. Two of the victims were stabbed. "Our members have been telling us that this was going to happen for a while, just a lack of safety, lack of security. Not only at the [Halifax Infirmary], but a lot of our ERs across the province," said Hugh Gillis, vice-president of the Nova Scotia Government and General Employees Union (NSGEU), which represents many hospital employees. Gillis is applauding the move to purchase the metal detectors. "Safety and security is very high on our members' minds." The new metal detectors, which are made by Xtract One, were recently tested at the Colchester East Hants Health Centre in Truro over a 12-day period. In that time, the health authority says 7,400 people walked through the system in the emergency department, which found 49 prohibited items — mostly pocket knives and box cutters. The items were confiscated, but returned to the owners when they left the hospital. Dean Stienburg, the director of security for Nova Scotia Health, says some people who spotted the metal detectors went back to their cars and left items behind. "We had a lot of positive comments from staff that they were feeling more secure. They were feeling better that these types of precautions are being taken." The system uses AI to determine if metal on the body is something common — such as keys or a belt buckle — or a potential weapon. A small screen with a generic human shape shows exactly where the item is located, eliminating the need for wands to check people. Stienburg says no personal data is collected in the process. He says those details are important, because the health authority wants to make it a smooth process to enter the building for people seeking health care. He says these systems are already in use at hospitals across the country. "It's not a panacea for all our problems by any stretch of the imagination. We will use it in conjunction with other things to make our security more effective but we were quite happy with the way that it performed." Stienburg says the health authority hasn't yet finalized the deal with Xtract One, so he doesn't know the cost of the equipment and the number of machines that will be installed. The money will be coming out of a $7-million safety innovation fund that was established by the provincial government. Stienburg expects the first metal detectors to arrive this fall. He says they'll be installed in locations that have experienced the most problems first, before ending up across the province. He says further safety reviews are underway, including one that is testing a device with an emergency alert button for staff.
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.
Yahoo
18-06-2025
- Business
- Yahoo
Xtract One Closes $8M Bought Deal Public Offering
Over-Allotment Option Exercised in Full THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) ('Xtract One' or the 'Company') announces that it has closed its previously announced 'bought deal' public offering (the 'Offering') conducted by Ventum Capital Markets (the 'Underwriter'). Pursuant to the Offering, the Company issued an aggregate of 20,700,000 units (the 'Units') at a price of $0.39 per Unit for aggregate gross proceeds of $8,073,000, which includes the full exercise of the over-allotment option granted to the Underwriter. Each Unit consists of one common share of the Company (each, a 'Common Share') and one common share purchase warrant (each, a 'Warrant'). Each Warrant is exercisable into one Common Share until June 18, 2028 at an exercise price of $0.49, subject to adjustment in certain events. In connection with the Offering, the Underwriter received a cash fee of $565,110 and 1,449,000 common share purchase warrants (each, an 'Underwriter's Warrant'). Each Underwriter's Warrant is exercisable into one Common Share at an exercise price of $0.39 until June 18, 2028. Xtract One intends to use the proceeds of the Offering for working capital and general corporate purposes. No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the '1933 Act') and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the 1933 Act, and applicable state securities laws. 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 the intended use of proceeds from the Offering, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, 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', '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, among others, the Company's limited operating history and lack of historical profits; risks related to the Company's business and financial position; fluctuations in the market price of the Company's Common Shares; that the Company may not be able to accurately predict its rate of growth and profitability; the failure of the Company to use any of the proceeds received from the Offering in a manner consistent with current expectations; reliance on management; the Company's requirements for additional financing, and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with research and development institutions, clients and suppliers. 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 intention 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. For further information, please contact: Xtract One Inquiries: info@ Media Contact: Kristen Aikey, JMG Public Relations, kristen@ 347-394-8807 Investor Relations: Chris Witty, Darrow Associates, cwitty@ 646-438-9385Sign in to access your portfolio
