Xtract One Secures Contract with Global Automotive Manufacturer to Enhance Security at Select North American Facilities
October 22 2024 - 6:00AM
Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL)
(“Xtract One” or the “Company”) today announced that its AI-based
security solutions have been chosen by a leading global automotive
manufacturer of cars, SUVs, and pickup trucks to secure five of its
North American facilities. System deployment will start at their
Tennessee and Ohio locations, with plans for future installation at
more facilities.
After a comprehensive evaluation of available
solutions, Xtract One was selected for the Company’s precise
weapons detection capabilities and flexible integration into daily
business operations and the physical environment. Aiming to enhance
security and operational efficiency, this deployment sets a new
standard for safety and innovation in the automotive industry while
furthering Xtract One’s leadership in threat detection and security
solutions in the space.
“We’re excited to be working with another major
player, our fourth, in the automotive field and to be expanding our
growing scope of innovative customers across different industries,”
said Peter Evans, CEO of Xtract One. “By implementing our
cutting-edge solutions, we aim to provide security measures to
combat modern threats and provide a seamless experience for all
guests and employees. This deployment will also enhance operational
efficiency, further demonstrating how our solutions fit seamlessly
into the manufacturing facility landscape.”
Xtract One's security solutions enhance entry
experience and detect threats while preserving guests’ privacy and
comfort. These systems deliver fast, reliable, and frictionless
screening that unobtrusively scan patrons for weapons and other
prohibited items as they walk through. This eliminates the need to
empty pockets and optimizes the guest experience by reducing time
spent in security lines. The Company’s Multi-Sensor Gateway
portfolio was recently awarded the U.S. Department of Homeland
Security DHS SAFETY Act Designation as a Qualified Anti-Terrorism
Technology (QATT), highlighting the efficacy of Xtract One's
innovative security solutions in safeguarding public spaces against
modern threats.
To learn more, visit www.xtractone.com.
About Xtract OneXtract 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 enable facility operators to
prioritize and deliver improved “Walk-right-In” experiences while
providing unprecedented 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 traffics. 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, X, and LinkedIn.
Forward Looking StatementsThis
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,
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.
No securities exchange or commission has
reviewed or accepts responsibility for the adequacy or accuracy of
this release.
For further information, please
contact:Xtract One Inquiries:
info@xtractone.com, http://www.xtractone.com
Investor Relations: Chris Witty, Darrow
Associates, cwitty@darrowir.com, 646-438-9385Media
Contact: Kristen Aikey, JMG Public Relations,
kristen@jmgpr.com, 212-206-1645
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