21:09:12 EDT Mon 29 Apr 2024
Enter Symbol
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Xtract One Technologies Inc
Symbol XTRA
Shares Issued 199,185,258
Close 2024-04-15 C$ 0.64
Market Cap C$ 127,478,565
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Xtract to install SmartGateway at American Bank Center

2024-04-15 10:39 ET - News Release

Mr. Peter Evans reports

XTRACT ONE TECHNOLOGIES PARTNERS WITH AMERICAN BANK CENTER TO SECURE ALL ENTRANCES AT MULTI-USE ENTERTAINMENT VENUE

Xtract One Technologies Inc.'s SmartGateway has been selected to protect all entrances at American Bank Center in Corpus Christi, Tex. A multipurpose indoor arena and convention space designed for concerts, sporting events, professional and amateur rodeos, and other notable events, American Bank Center boasts a 10,000-seat indoor arena and a 138,000-square-foot convention centre, and is operated by Oak View Group. The centre hosts a wide variety of live events -- including music, sports, theatre, conventions, weddings and private parties -- and serves as the area's premiere destination for group outings. An all-inclusive space hosting a variety of event types, American Bank Center seeks to deliver exciting, memorable experiences that lead visitors to return time and time again. This three-year partnership with Xtract One demonstrates the venue's desire to put patron experience at the forefront of live events, through innovative venue security focused on delivering enhanced, streamlined and efficient technology that helps minimize wait times.

"At American Bank Center, we are devoted to cultivating all-inclusive, unmatched live experiences for everyone who visits the complex -- no matter the event," said Jeff Butcher, director of operations at American Bank Center. "In partnering with Xtract One, we're committed to enhancing security while allowing locals and tourists alike to fully immerse themselves in our state-of-the-art venue and variety of events. We look forward to working together to foster unforgettable moments and lasting memories for our guests right as the height of summer events kick off, as well as year-round."

"We're excited to have American Bank Center join our growing list of innovative partners who value cutting-edge security and optimizing the entire live-event experience for patrons," added Peter Evans, chief executive officer of Xtract One Technologies. "When visitors go to entertainment complexes like American Bank Center, they expect to have a memorable experience. We look forward to contributing to an even more secure, dynamic space that enables guests to fully immerse themselves in the live entertainment experience with complete peace of mind."

Xtract One's SmartGateway system leverages AI (artificial intelligence)-powered sensors to detect threats discretely and accurately, ensuring patrons' privacy and comfort. Replacing traditional metal detectors, the system delivers fast, reliable and seamless screening solutions for large, ticketed venues, maximizing throughput without compromising security. SmartGateway unobtrusively scans patrons for weapons and prohibited items upon entry, enabling faster and safer access to events. By optimizing the screening process, patrons spend less time in security lines and can swiftly enter the venue to fully enjoy their event experience.

About Xtract One Technologies Inc.

Xtract One is a leading technology-driven threat detection and security solution leveraging 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 artificial-intelligence-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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