Mr. Peter Evans reports

XTRACT ONE TECHNOLOGIES SELECTED BY THE NBA'S CLEVELAND CAVALIERS TO BOLSTER VENUE SECURITY & ELEVATE FAN EXPERIENCE

Xtract One Technologies Inc.'s SmartGateway has been selected to protect all entrances at Rocket Mortgage FieldHouse as a result of the company's partnership with the Cleveland Cavaliers of the National Basketball Association (NBA). Installation was completed during the second quarter of 2024.

Rocket Mortgage FieldHouse, home to the Cavaliers, is northeastern Ohio's premier sports and entertainment venue located in the heart of downtown Cleveland. The Cavaliers are joining an expanding list of forward-thinking customers focused on providing a modern-day security approach to elevate the guest experience. Aligning with the Rocket Mortgage FieldHouse mission of creating extraordinary experiences for everyone, SmartGateway will deliver optimal fan experiences by eliminating long entry lines, allowing fans to quickly and safely enter the venue and enjoy the game.

"In introducing our game-changing technology to Cleveland Cavaliers' home court, we're taking SmartGateway to the NBA stage and showcasing just how impactful the system can be for live event venues across the nation, including in Cleveland during this year's playoffs," said Peter Evans, chief executive officer of Xtract One. "We're looking forward to working together with Rocket Mortgage Fieldhouse and other Rocket Mortgage properties to enhance patron protection and further elevate event experiences, particularly for the rest of this NBA season and beyond."

"We are dedicated to creating extraordinary experiences -- all the time, for everyone. When fans and eventgoers come to our venue, we want their time to be spent enjoying the event and making memories that will last a lifetime," stated Matt Miller, senior vice-president of facility operations. "We're excited to be working with Xtract One to set new standards in fan safety and further cement Rocket Mortgage FieldHouse as the premier destination in Cleveland."

SmartGateway is a cutting-edge, AI-powered (artificial intelligence) patron screening solution tailored for large, ticketed venues, designed to improve entry efficiency and detect threats without invading guests' sense of privacy and comfort. The system replaces traditional metal detectors and delivers fast, reliable and frictionless screening solutions to enable high throughput. SmartGateway unobtrusively scans patrons for weapons and other prohibited items as they walk through, eliminating the need to empty pockets and optimizing their experience by reducing time spent in security lines and allowing patrons to quickly and safely enter the venue to enjoy their event. This capability allows patrons to safely enter the venue to enjoy their event at a quicker pace -- up to 10 times quicker than traditional methods.

Xtract One Technologies is leveraged by venues globally and has been awarded the U.S. Department of Homeland Security (DHS) Safety Act designation for its multisensor gateway portfolio. This designation recognizes the effectiveness of its AI-powered (artificial intelligence) weapon detection technology for public safety as a trusted leader in advanced touchless security screening solutions.

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.