Xtract One Technologies Named to OTCQX Best 50
January 18 2023 - 11:39AM
Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL)
(“Xtract One” or the “Company”), a leading technology-driven threat
detection and security solution that prioritizes the patron access
experience by leveraging AI, is pleased to announce it has been
named to the 2023 OTCQX® Best 50, a ranking of top performing
companies traded on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual ranking of the
top 50 U.S. and international companies traded on the OTCQX market.
The ranking is calculated based on an equal weighting of one-year
total return and average daily dollar volume growth in the previous
calendar year. Companies in the 2023 OTCQX Best 50 were ranked
based on their performance in 2022.
“We are honored to have received this
recognition as a top performing company on the OTCQX in 2022, which
demonstrates Xtract One’s growing momentum in 2022,” said Peter
Evans, CEO of Xtract One. “In 2023, we look forward to further
increasing value for our shareholders and continuing our mission to
deliver fast, frictionless security technology that enhances the
patron screening experience at stadiums, casinos, workplaces, and
other venues around the world.”
For the complete 2023 OTCQX Best 50 ranking,
visit: https://www.otcmarkets.com/files/2023_OTCQX_Best_50.pdf.
The OTCQX Best Market offers transparent and
efficient trading of established, investor-focused U.S. and global
companies. To qualify for the OTCQX market, companies must meet
high financial standards, follow best practice corporate
governance, and demonstrate compliance with applicable securities
laws.
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 threat detection systems that enable venue building
operators to prioritize and deliver improved patron experiences
while providing unprecedented safety. Xtract One’s innovative
Multi-Sensor Gateway product enables companies to covertly screen
for weapons at points of entry without disrupting the flow of
traffic. Its AI-based Video Recognition 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.
Media Contact:Kristen AikeyJMG
Public Relations212-206-1645kristen@jmgpr.com
Investor
Relationsxtract1@rbmilestone.com
CAUTIONARY DISCLAIMER STATEMENT:
This news release contains forward-looking
statements within the meaning of applicable securities laws
relating to system sales, product development, licensing,
commercialization and regulatory compliance issues and other
statements that are not historical facts. Forward-looking
statements are often identified by terms such as “will”, “may”,
“should”, “anticipates”, “expects”,” believes”, and similar
expressions or the negative of these words or other comparable
terminology. All statements other than statements of historical
fact, included in this release are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from the Company’s expectations include but
are not limited to: results of operational activities, completion
of contracts; the Company’s limited profitability; dependence on
management; the Company’s need for additional financing and the
effects of financial market conditions and other factors on the
availability of capital; competition, including that of better
funded competitors; the impact of the Russia-Ukraine conflict on
the global economy; the continued impact of the COVID-19 pandemic;
the need to build alliances and partnerships, including with
customers and suppliers; and other risks detailed from time to time
in the filings made by the Company with securities regulations. The
reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from
those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of the Company. The reader is cautioned not to place undue
reliance on any forward-looking information. Such information,
although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may
differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement. The forward-looking statements
contained in this news release are made as of the date of this news
release and the Company will update or revise publicly any of the
included forward-looking statements only as expressly required by
applicable law.
No securities exchange or commission has
reviewed or accepts responsibility for the adequacy or accuracy of
this release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5b9b70d0-3590-4a9f-8860-bfa3d8766f0b
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