20:48:32 EDT Sat 18 May 2024
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Xtract One Technologies Inc
Symbol XTRA
Shares Issued 198,248,575
Close 2023-10-03 C$ 0.72
Market Cap C$ 142,738,974
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Xtract to supply weapon detection tech to AAPB

2023-10-03 09:44 ET - News Release

Mr. Peter Evans reports

XTRACT ONE TECHNOLOGIES NAMED EXCLUSIVE PREFERRED SUPPLIER OF THE AMERICAN ASSOCIATION OF PROFESSIONAL BASEBALL

Xtract One Technologies Inc. will serve as the exclusive preferred supplier for the American Association of Professional Baseball (AAPB). Through this three-year partnership, Xtract One will have the unique ability to advise AAPB regarding security and weapon detection technology, deploy solutions and ensure best practices to deliver first-class fan experiences.

The AAPB currently has 12 teams, with significant expansion on the horizon. The league collectively welcomes over 1.9 million patrons to its baseball stadiums each year and aspires to transform its venues into dynamic entertainment hubs to deliver optimal fan experiences. This collaboration signifies a significant step forward in delivering streamlined and efficient security measures, enhancing venue safety, minimizing wait times, and fostering enhanced patron experiences across the AAPB's entertainment centres.

Xtract One's Gateway system replaces traditional metal detectors and hand wands and delivers fast, reliable and seamless patron screening. This solution unobtrusively scans patrons for guns, knives and other prohibited items, as they enter the facility, using AI-powered (artificial intelligence) sensors to detect threats without invading patrons' sense of privacy and comfort. The system was designed for large, ticketed venues to enable high throughput and a brand-enhancing patron experience. With Xtract One, AAPB will eliminate long entry lines, allowing fans to quickly and safely enter the venue and enjoy the event.

"The AAPB is all about family experiences, family fun, good times and great memories. Our top priority is to enhance these experiences and to continue expanding our offerings," said Joshua Schaub, commissioner of the American Association of Professional Baseball. "We are delighted to partner with Xtract One on this journey to deliver an even safer and more enjoyable experience for all."

In its exclusive role, Xtract One will work closely with AAPB to deploy cutting-edge security and weapon detection technology solutions tailored to the league's needs and dynamic, family-centric venues. Xtract One's ability to bolster security measures while ensuring an optimized entry process for patrons aligns with the league's mission of prioritizing safety without compromising the fan experience.

"We are thrilled to be partnering with AAPB as their exclusive preferred supplier. We look forward to helping enhance the overall safety for guests at upcoming games while elevating their game day experience to a whole new level," said Peter Evans, chief executive officer of Xtract One. "Together with AAPB, we are pleased to be contributing to the vibrant, enjoyable experiences AAPB provides to fans and families."

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 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.

We seek Safe Harbor.

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