23:08:58 EDT Sat 05 Jul 2025
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Xtract One Technologies Inc
Symbol XTRA
Shares Issued 218,423,237
Close 2025-02-03 C$ 0.51
Market Cap C$ 111,395,851
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Xtract One adds Velasea as distributor

2025-02-04 10:52 ET - News Release

Mr. Peter Evans reports

XTRACT ONE ACCELERATING GROWTH WITH NEW DISTRIBUTOR VELASEA

Xtract One Technologies Inc. has formed a partnership with Velasea, designed to bring Xtract One's leading technology-driven threat detection and security solutions to Velasea's network of integrators. Xtract One and Velasea, a market-leading full-service OEM (original equipment manufacturer) distributor of physical security, retail analytics, computer vision and artificial intelligence (AI) solutions, will jointly market and sell Xtract One's products to the broader marketplace and through Velasea's channel of over 900 channel partners. Through this offering, Xtract One's advanced security detection systems, SmartGateway and One Gateway, will be available through the broad channel network to schools, hospitals, museums, theatres, arenas and other venues where high-quality security and guest experience are priorities. Velasea's network spans over 50 countries globally.

At a pivotal time when modern-day security threats are becoming increasingly prevalent, this partnership enables integrators to offer their customers technology designed to help elevate safety and enhance the overall individual experience. Further, it allows organizations the flexibility to tailor their security solutions to best fit the specific needs of their respective facility. This contributes to advanced protection, operational efficiency and individual experience.

"We're grateful to be partnering with Velasea and to be working together to bring our innovative system to even more forward-thinking organizations. This partnership broadens our reach deeper into the key markets we serve and wider to a global marketplace," said Peter Evans, chief executive officer of Xtract One. "By offering our security solutions in partnership with Velasea, we can provide more organizations with the advanced security they require, at a much larger scale, all while enabling individuals to feel the difference our solutions are designed to make in enhancing safety and overall experience."

"The addition of Xtract One solutions to our suite of products we offer to integrators provides a real weapons screening solution tailored to individual users needs from a company who cares about their customers," said Tom Larson, president of Velasea. "Velasea has always been known for delivering cutting-edge solutions to our partners and customers, and the innovation that Xtract One leads with fits our business and growth strategy. We're looking forward to working with Xtract One in setting new standards in security and supporting a greater range of organizations in their technology needs."

Xtract One's products revolutionize weapons security and operational efficiency by replacing intimidating, traditional metal detectors with fast, reliable and seamless screening solutions. The system leverages AI-powered sensors to unobtrusively scan individuals and their personal items as they walk through, reducing long entry lines and promoting uninterrupted flow of movement. The systems are designed to help attendees quickly and safely enter the space to enjoy their event with peace of mind -- quicker than traditional methods allow.

About Xtract One Technologies Inc.

Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing and delivering improved walk-right-in experiences while enhancing safety. Xtract One's innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience.

About threat detection systems

Xtract One solutions, when properly configured, deployed and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today's world, no threat detection system is 100 per cent effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security.

We seek Safe Harbor.

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