Demand Continues to Build for Innovative New System
TORONTO, June 03, 2025 (GLOBE NEWSWIRE) — Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) a leading technology-driven threat detection and security solution company that prioritizes the patron access experience by leveraging AI, today announced that its new innovative security platform, Xtract One Gateway, is on track to start shipping on schedule, in July. Inventory is currently being built for at least five different customers, with an aggregate order value of approximately $6.7 million. The product has already been certified in the U.S. and Canada, with additional international markets anticipated to follow later this quarter. The Company has hosted numerous demonstrations and product trials with customers of all types – education, healthcare, manufacturing and distribution companies, etc.
“I’m pleased to say that market response to the demonstrations of Xtract One Gateway has been strong. Shipments are set to begin shortly, and demand continues to rise, as we work on additional contracts following customer engagement,” stated Peter Evans, Chief Executive Officer of Xtract One. “We’ve shown our unique threat detection capabilities to dozens of companies and are excited to see this product put to use in the very near future, in multiple applications and markets. After experiencing Xtract One Gateway, potential clients are thrilled at the way we can improve overall efficiency and safety by accurately, and quickly, alerting staff to dangerous items instead of just anything made of metal. The future of threat detection starts now.”
Xtract One Gateway is designed specifically for scanning individuals and their belongings, allowing seamless passage through checkpoints and eliminating the need for separate bag searches, thereby reducing screening times dramatically. The system unobtrusively scans individuals, their pockets, their bags and backpacks for potential mass casualty weapons while distinguishing harmless personal items like laptops, tablets, three-ring binders, notebooks, eyeglass cases, keys, and phones, streamlining access into and out of facilities without disrupting the flow of movement.
About Xtract One Technologies
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 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 www.xtractone.com or connect on Facebook, Twitter, and LinkedIn.
For further information, please contact:
Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com
Investor Relations: Chris Witty, Darrow Associates, 646-438-9385, cwitty@darrowir.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
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 deployment of the Company’s new Xtract One Gateway product, as well as 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, 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 forward-looking statements herein are made as of the date hereof, and the Company undertakes 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.
