Leading threat detection company charts international expansion strategy with key global partnerships
TORONTO, Oct. 16, 2023 (GLOBE NEWSWIRE) — Xtract One Technologies (TSX: XTRA) (OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”), a leading technology-driven threat detection and security solution that prioritizes the patron screening experience by leveraging AI, today announces its next phase of growth with targeted and strategic international expansion.
Xtract One has successfully landed contracts with three significant multi-national companies, including a global entertainment organization, for deployment of SmartGateway at their venue. This three-year deal, totaling over US$5.1 million includes hardware, software, installation, and support components.
Using that initial customer deal as a launchpad into global markets, the Company has taken a strategic and intentional approach of partnering with key global customers and establishing agreements with resellers and install partners to support and help scale into these markets. These strategic partnerships have generated further interest from similar entertainment organizations, professional sports franchises, and other international organizations.
Over the past six months, Xtract One has established the necessary requirements for international expansion and is now expanding beyond its core North American market, effectively responding to international demand for its solutions. The focus has been on ensuring product fit and function to serve unique international requirements, completing certification activities, and establishing key channel partners to provide selling and support services.
“Over the past two years, we’ve been committed and focused on mitigating the pressing issue of weapon threats in North America, staying hyper-focused on serving our target market well, and establishing Xtract One as a well-recognized provider of weapons detection solutions. We have unique differentiators to other solutions in the market, specifically our ability to detect knives with a high degree of accuracy. This separates Xtract One, and the SmartGateway, as the key provider of solutions to the international markets where knives, not firearms, are the prevalent concern. Today, we’re taking our innovative solutions to the global stage,” said Peter Evans, CEO of Xtract One. “The strategy has always been to grow effectively and thoughtfully. For geographical growth this means moving into international markets when significant ‘anchor’ accounts have been won, and we can build the business on top of those key customers. I am proud to say that we have established those wins with significant global customers who have deployed or are deploying our solutions today. Our strategic collaborations with these major multi-national businesses have been instrumental in navigating the intricacies of international regulations, certifications, and operations. These partnerships serve as a solid foundation for our pragmatic global expansion.”
To learn more, visit www.xtractone.com.
About Xtract One
Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The company makes unobtrusive threat detection systems that enable venue building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One’s innovative Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based software allows venue and building operators to identify weapons and other threats inside and outside of facilities, and receive valuable intelligence for optimizing operations. For more information, visit www.xtractone.com or connect on Facebook, Twitter, and LinkedIn.
To learn more, visit www.xtractone.com.
About Xtract One
Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The company makes unobtrusive threat detection systems that enable venue building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One’s innovative Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based software allows venue and building operators to identify weapons and other threats inside and outside of facilities, and receive valuable intelligence for optimizing operations. For more information, visit www.xtractone.com or connect on Facebook, Twitter, and LinkedIn.
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, 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, 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 Common Shares; that the Company may not be able to accurately predict its rate of growth and profitability; risks related to the COVID-19 pandemic and its impact on the Company, economic conditions, and global markets; 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 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.
For further information, please contact:
Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
Investor Relations: xtract1@rbmilestone.com
Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com
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Xtract One Mendobrak Hambatan Baru dengan Ekspansi Global
Perusahaan pendeteksi ancaman terkemuka memetakan strategi ekspansi internasional dengan kemitraan global utama
TORONTO, 16 Oktober 2023 (GLOBE NEWSWIRE) — Xtract One Technologies (TSX: XTRA) (OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” atau “Perusahaan”), sebuah perusahaan pendeteksi ancaman berbasis teknologi terkemuka dan solusi keamanan yang memprioritaskan pengalaman penyaringan pelanggan dengan memanfaatkan AI, hari ini mengumumkan fase pertumbuhan berikutnya dengan ekspansi internasional yang ditargetkan dan strategis.
Xtract One telah berhasil mendapatkan kontrak dengan tiga perusahaan multinasional besar, termasuk organisasi hiburan global, untuk penerapan SmartGateway di lokasi mereka. Kontrak berdurasi tiga tahun ini, dengan total nilai lebih dari US$5,1 juta, mencakup perangkat keras, perangkat lunak, instalasi, dan komponen pendukung.
Dengan menggunakan kesepakatan pelanggan awal tersebut sebagai landasan peluncuran ke pasar global, Perusahaan telah mengambil pendekatan strategis dan disengaja dalam bermitra dengan pelanggan utama global dan menjalin perjanjian dengan pengecer dan mitra pemasangan untuk mendukung dan membantu memperluas jangkauan ke pasar-pasar ini. Kemitraan strategis ini telah menarik minat lebih lanjut dari organisasi hiburan serupa, waralaba olahraga profesional, dan organisasi internasional lainnya.
Selama enam bulan terakhir, Xtract One telah menetapkan persyaratan yang diperlukan untuk ekspansi internasional dan kini berkembang melampaui pasar intinya di Amerika Utara, secara efektif menanggapi permintaan internasional atas solusi-solusinya. Fokusnya adalah memastikan kesesuaian dan fungsi produk untuk memenuhi persyaratan internasional yang unik, menyelesaikan aktivitas sertifikasi, dan membangun mitra saluran utama untuk menyediakan layanan penjualan dan dukungan.
“Selama dua tahun terakhir, kami telah berkomitmen dan fokus untuk memitigasi masalah ancaman senjata yang mendesak di Amerika Utara, tetap fokus untuk melayani target pasar kami dengan baik, dan menjadikan Xtract One sebagai penyedia deteksi senjata yang terkenal. solusi. Kami memiliki pembeda unik terhadap solusi lain di pasar, khususnya kemampuan kami mendeteksi pisau dengan tingkat akurasi yang tinggi. Hal ini membedakan Xtract One dan SmartGateway, sebagai penyedia solusi utama di pasar internasional di mana pisau, bukan senjata api, menjadi perhatian umum. Saat ini, kami membawa solusi inovatif kami ke tingkat global,” kata Peter Evans, CEO Xtract One. “Strateginya selalu tumbuh secara efektif dan penuh pertimbangan. Untuk pertumbuhan geografis, hal ini berarti beralih ke pasar internasional ketika ‘anchor’ account yang signifikan telah diperoleh, dan kita dapat membangun bisnis di atas pelanggan-pelanggan utama tersebut. Saya bangga untuk mengatakan bahwa kami telah mencapai kemenangan tersebut dengan pelanggan global yang signifikan yang telah menerapkan atau sedang menerapkan solusi kami saat ini. Kolaborasi strategis kami dengan perusahaan-perusahaan multinasional besar ini telah berperan penting dalam menavigasi seluk-beluk peraturan, sertifikasi, dan operasi internasional. Kemitraan ini menjadi landasan yang kuat bagi ekspansi global kami yang pragmatis.”
Untuk mempelajari lebih lanjut, kunjungi www.xtractone.com.
Tentang Xtract One
Xtract One Technologies adalah solusi deteksi dan keamanan ancaman berbasis teknologi terkemuka yang memanfaatkan AI untuk memberikan pengalaman kontrol akses pelanggan yang lancar dan aman. Perusahaan ini membuat sistem deteksi ancaman yang tidak mengganggu yang memungkinkan operator gedung venue memprioritaskan dan memberikan pengalaman pelanggan yang lebih baik sekaligus memberikan keamanan yang belum pernah ada sebelumnya. Produk Gateway inovatif Xtract One memungkinkan perusahaan untuk secara diam-diam menyaring senjata di titik masuk tanpa mengganggu arus lalu lintas. Perangkat lunaknya yang berbasis AI memungkinkan operator lokasi dan gedung mengidentifikasi senjata dan ancaman lain di dalam dan di luar fasilitas, dan menerima informasi intelijen yang berharga untuk mengoptimalkan operasi. Untuk informasi lebih lanjut, kunjungi www.xtractone.com atau terhubung di Facebook, Twitter, dan LinkedIn.
Pernyataan Berwawasan ke Depan
Siaran pers ini berisi pernyataan-pernyataan berwawasan ke depan sesuai dengan hukum sekuritas yang berlaku. Semua pernyataan yang bukan merupakan fakta sejarah, termasuk namun tidak terbatas pada, pernyataan mengenai perkiraan masa depan, rencana, program, prakiraan, proyeksi, tujuan, asumsi, ekspektasi atau keyakinan atas kinerja masa depan, adalah “pernyataan berwawasan ke depan”. Pernyataan berwawasan ke depan dapat diidentifikasi dengan penggunaan kata-kata seperti “rencana”, “mengharapkan” atau “tidak mengharapkan”, “diharapkan”, “memperkirakan”, “berniat”, “mengantisipasi” atau “tidak mengantisipasi” , atau “percaya”, atau variasi dari kata-kata dan frasa atau pernyataan bahwa tindakan, peristiwa atau hasil tertentu “mungkin”, “bisa”, “akan”, “mungkin” atau “akan” diambil, terjadi atau dicapai. Pernyataan-pernyataan berwawasan ke depan tersebut melibatkan risiko-risiko yang diketahui dan tidak diketahui, ketidakpastian dan faktor-faktor lain yang dapat menyebabkan hasil, peristiwa atau perkembangan aktual menjadi berbeda secara material dari hasil, peristiwa atau perkembangan di masa depan yang tersurat atau tersirat dalam pernyataan-pernyataan berwawasan ke depan tersebut.[****]
