20:48:36 EDT Sat 18 May 2024
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Xtract One Technologies Inc
Symbol XTRA
Shares Issued 195,107,317
Close 2023-05-10 C$ 0.86
Market Cap C$ 167,792,293
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Xtract One to install SmartGateway at Bangor arena

2023-05-11 10:26 ET - News Release

Mr. Peter Evans reports

XTRACT ONE TECHNOLOGIES SELECTED TO SECURE ALL ENTRANCES AT CROSS INSURANCE CENTER

Xtract One Technologies Inc.'s SmartGateway patron screening solution was selected by Cross Insurance Center in Bangor, Me., to secure all entrances for concerts, conferences and other live events at the venue.

The facility is owned by the city of Bangor, and is managed by global sports and entertainment company Oak View Group (OVG), which announced a strategic partnership with Xtract One in October, 2022.

"As a venue that hosts a variety of events, we are committed to constantly improving our safety operations and finding new ways to ensure the security of our fans and guests," said Chris McGrail, general manager at Cross Insurance Center. "By partnering with Xtract One, we are taking a pro-active approach to enhancing our security measures and providing the highest level of protection, and overall experience, to our patrons. This partnership is just one example of our commitment to guest safety, and we look forward to working together to provide a better overall experience for anyone who enters our venue."

The SmartGateway system delivers fast, reliable and accurate screening for high-throughput venues, leveraging AI (artificial intelligence)-powered sensors to detect threats without invading guests' sense of privacy and comfort. SmartGateway unobtrusively scans patrons for weapons and other prohibited items as they enter the space, optimizing their experience by reducing time spent in security lines and enhancing safety.

"We are thrilled to be partnering with Cross Insurance Center, Oak View Group, and the city of Bangor to implement our SmartGateway technology to ensure the safety and security of their patrons, while enhancing the guest experience," said Peter Evans, chief executive officer of Xtract One. "We look forward to continuing our work with Oak View Group, and delivering innovative, optimal security solutions for their growing portfolio of venues."

About Xtract One Technologies Inc.

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 multisensor 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.

About Cross Insurance Center

The Cross Insurance Center is a 5,800-seat multipurpose arena in Bangor, Me. The arena holds up to 8,500 people for concerts and features an attached 2,000-person convention centre. Part of the city's Bass Park complex, it is located across from Hollywood Casino Bangor. The Cross Insurance Center hosts close approximately 200 events annually. Events include concerts, theatrical shows, comedy, sporting events, tradeshows and expos, conventions, galas, weddings, and more.

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