Mr. Peter Evans reports

XTRACT ONE BREAKS NEW BARRIERS WITH GLOBAL EXPANSION

Xtract One Technologies Inc. has provided an update on its next phase of growth with targeted and strategic international expansion.

Xtract One has successfully landed contracts with three significant multinational companies, including a global entertainment organization for deployment of SmartGateway at its venue. This three-year deal, totalling over $5.1-million (U.S.), includes hardware, software, installation and support components.

Using that initial customer deal as a launch pad into global markets, the company has taken a strategic and intentional approach of partnering with key global customers and establishing agreements with resellers and install partners to support and help scale into these markets. These strategic partnerships have generated further interest from similar entertainment organizations, professional sports franchises and other international organizations.

Over the past six months, Xtract One has established the necessary requirements for international expansion and is now expanding beyond its core North American market, effectively responding to international demand for its solutions. The focus has been on ensuring product fit and function to serve unique international requirements, completing certification activities, and establishing key channel partners to provide selling and support services.

"Over the past two years, we've been committed and focused on mitigating the pressing issue of weapon threats in North America, staying hyperfocused on serving our target market well and establishing Xtract One as a well-recognized provider of weapons detection solutions. We have unique differentiators to other solutions in the market -- specifically our ability to detect knives with a high degree of accuracy. This separates Xtract One and the SmartGateway as the key provider of solutions to the international markets where knives, not firearms, are the prevalent concern. Today, we're taking our innovative solutions to the global stage," said Peter Evans, chief executive officer of Xtract One. "The strategy has always been to grow effectively and thoughtfully. For geographical growth, this means moving into international markets when significant anchor accounts have been won, and we can build the business on top of those key customers. I am proud to say that we have established those wins with significant global customers who have deployed or are deploying our solutions today. Our strategic collaborations with these major multinational businesses have been instrumental in navigating the intricacies of international regulations, certifications and operations. These partnerships serve as a solid foundation for our pragmatic global expansion."

About Xtract One Technologies Inc.

Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI (artificial intelligence) 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.

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