TORONTO, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”) today announced its Xtract One SmartGateway (“SmartGateway”) system has been selected by the British Museum to protect all venue entrances following extensive on-site testing and evaluation. The British Museum, one of the world’s most recognized cultural institutions and home to historically significant objects, including the Rosetta Stone, chose SmartGateway to meet rigorou ...

Core Insights - Xtract One Technologies has been selected by a leading nationwide healthcare provider to deploy its SmartGateway solution for enhanced safety and security across health centers, starting in Minnesota with plans for expansion into multiple states [1][2][3] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on creating unobtrusive systems that enhance safety while providing a seamless experience for users [6] - The company’s SmartGateway system utilizes advanced AI-powered multi-sensor technology for discreet weapons detection, designed to maintain a welcoming environment while ensuring security [4][6] Deployment Details - The initial deployment of SmartGateway will occur at five locations in the Minneapolis-St. Paul area, with future plans to expand into clinics across Minnesota, Iowa, North Dakota, South Dakota, and Wisconsin [1][2] - The decision to implement SmartGateway was driven by heightened safety concerns and the need for modern security technologies that do not compromise the patient experience [2][3] Technology Features - SmartGateway is designed for high-throughput environments, providing fast and accurate weapons detection without requiring individuals to remove personal belongings, thus ensuring a dignified entry experience [4] - The system is recognized by the U.S. Department of Homeland Security as a Qualified Anti-Terrorism Technology (QATT), demonstrating its effectiveness in protecting public spaces [4]

Core Insights - Xtract One Technologies has been selected by Nova Scotia Health to deploy its SmartGateway system for enhanced security and AI-powered weapons detection across healthcare facilities in Nova Scotia [1][2][3] - The initial order consists of 25 SmartGateway systems, aimed at addressing the increasing violence against healthcare workers and ensuring a safe environment for patients and staff [1][2] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on unobtrusive weapons detection systems that enhance safety while providing a seamless experience for users [5] - The company has previously deployed its technology in Manitoba and is expanding its presence in the Canadian healthcare sector [3] Technology and Implementation - SmartGateway utilizes AI-powered sensors for discreet and accurate screening of individuals entering facilities, effectively detecting prohibited items without the need for traditional metal detectors [3][5] - During a trial period in Truro, Nova Scotia, SmartGateway scanned 7,400 individuals and detected 49 prohibited items, primarily pocket knives and box cutters, demonstrating its effectiveness [2][3] Industry Context - The deployment of SmartGateway is part of a broader initiative by Nova Scotia Health, in collaboration with its nurses' union, to modernize security measures and protect healthcare workers from violence [2][3] - The technology aligns with the organization's commitment to providing safe healthcare environments and is seen as a critical step in enhancing overall security [3][6]

Market Opportunity & Growth Strategy - The company is targeting a $46 billion initial target market focused on patron screening, security, and improved customer experience[19] - The total addressable market expands to over $135 billion with enhanced product offerings and global expansion[19] - The company is expanding into markets such as Schools, Commercial Property, Distribution, Manufacturing, Retail, and Hotels in North America[19] Technology & Competitive Advantage - The company's AI platform sets the stage for entry into the $135 billion market[14] - The company's technology offers up to 7X increase in patron throughput and up to 80% OPEX efficiencies compared to traditional approaches[31] - The company's SmartGateway was awarded DHS SAFETY Act Designation[69] Financial Performance & Structure - The company achieved 344% growth in revenue for the Platform operating segment in FY2024[74] - The company has a record order backlog at near $50 million[74] - The company's working capital as of July 31, 2025, is $6 million[76]

Core Insights - Xtract One Technologies' Gateway system has been selected by Manor Independent School District to enhance security measures across its campuses [1][2][3] - The deployment is part of a broader multi-tier safety initiative that began in Fall 2024, aimed at improving long-term security processes [2][3] - The Gateway system is designed to detect weapons among everyday items, addressing key safety concerns for the district [2][3] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on unobtrusive weapons detection systems [5] - The company's Gateway solutions are tailored for various environments, including schools, hospitals, and stadiums, ensuring high security while maintaining a seamless experience for users [5] Deployment Details - The initial deployment includes seven Gateway systems at four high schools, with plans to expand to all 15 campuses in the district [2] - An additional 11 systems are planned for future deployment, solidifying the Gateway as a permanent part of the district's security strategy [2] Technology Features - The Gateway system utilizes advanced sensors to differentiate between everyday items and potential threats, allowing for faster screening processes [3] - It can streamline access up to four times faster than traditional methods while ensuring individual privacy and safety standards [3]

Core Insights - Xtract One Technologies has been selected by Temple University to implement its SmartGateway system for enhanced security at The Liacouras Center, aiming to improve patron experience while ensuring safety [1][2][3] Group 1: Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on creating unobtrusive weapons and threat detection systems [5] - The company aims to provide seamless and secure experiences, enhancing safety while allowing for improved ingress at venues [5] Group 2: Partnership and Implementation - The partnership with Oak View Group (OVG) facilitates the deployment of SmartGateway, which replaces traditional metal detectors with advanced screening technology [1][2][3] - The SmartGateway system is designed to identify potential threats discreetly, optimizing the entry process for patrons and enhancing overall event experience [3][5] Group 3: Venue and Context - The Liacouras Center is a 10,000-seat multi-purpose venue that hosts various events, making security a critical concern, especially during busy periods like graduation [2][6] - The implementation of SmartGateway is timely, addressing the need for improved security measures in light of increasing attendance and event frequency [2][3]

Core Viewpoint - Xtract One Technologies is actively participating in three upcoming investment conferences, indicating its commitment to engaging with institutional investors and enhancing visibility in the market [1][4]. Company Overview - Xtract One Technologies is a technology-driven provider specializing in threat detection and security solutions, utilizing AI to create unobtrusive weapons and threat detection systems [2]. - The company's solutions are designed to improve safety while providing seamless experiences for facility operators, particularly in environments such as schools, hospitals, arenas, and stadiums [2]. - Xtract One is recognized as a market leader, focusing on delivering high security alongside an optimal individual experience [2]. Upcoming Events - The company will participate in the following events: - September 8-9: H.C. Wainwright 27th Annual Global Investment Conference in New York City [4]. - September 16-17: iAccess Alpha Virtual Best Ideas Fall Investment Conference [4]. - October 9: 2025 Cantech Letter Investment Conference in Toronto [4].

Core Insights - Xtract One Technologies has secured a US$2.6 million contract to expand its SmartGateway deployment at a major international entertainment venue, building on a previous installation worth over US$5.1 million [1][2][3] - The expansion is set to align with the venue's scheduled enhancement activities in 2026, reinforcing Xtract One's commitment to providing innovative security technologies globally [2][3] - The partnership with the entertainment organization highlights the effectiveness of Xtract One's weapons detection technology, which aims to enhance safety for over 25 million annual visitors [3] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on unobtrusive weapons detection systems that improve safety while maintaining a seamless experience for users [4] - The company's solutions are designed for various sectors, including schools, hospitals, and entertainment venues, positioning it as a market leader in security technology [4] Industry Context - The demand for tech-driven security solutions is increasing globally, particularly those that address specific threats such as knife detection, indicating a growing market for Xtract One's offerings [3]

Core Insights - Xtract One Technologies has been selected by Volusia County Schools to implement its Xtract One Gateway system to enhance school security screenings for the 2025-2026 school year [1][2] - The deployment will occur in two phases, starting in 2025 at high schools, with a total of 48 Gateway systems being installed [1][2] - The Gateway system allows for efficient scanning of individuals and their belongings without the need for removing bags, thus improving the screening process [2][3] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on unobtrusive weapons detection systems [5] - The company's technology aims to provide seamless security experiences while enhancing safety in various environments, including schools, hospitals, and stadiums [5] - Xtract One's Gateway solutions are designed to discreetly screen for weapons and threats at entry points without disrupting the flow of traffic [5] Industry Context - There is a growing trend among school districts to invest in advanced security technologies to enhance safety measures as the new school year approaches [2] - The decision by Volusia County Schools reflects an increasing demand for effective security solutions in educational environments [3] - The Xtract One Gateway system is positioned to redefine security experiences by balancing threat detection with user privacy and convenience [3]

Core Insights - Xtract One Technologies has been selected by a leading global performing arts company to deploy its SmartGateway screening solution to enhance security at live events, with initial deployments starting in early 2025 and further expansions planned for later in 2025 and into 2026 [1][2] Group 1: Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on unobtrusive weapons and threat detection systems that improve safety while enhancing user experience [5] - The company's SmartGateway solution utilizes AI-powered sensors for discreet screening, allowing for high-throughput patron entry without compromising privacy or comfort [3][5] Group 2: Industry Impact - The deployment of SmartGateway sets a new benchmark for safety and innovation in the entertainment industry, addressing the evolving security needs of live shows and events [2] - The solution has been recognized with the U.S. Department of Homeland Security's SAFETY Act Designation as a Qualified Anti-Terrorism Technology, underscoring its effectiveness in safeguarding public spaces [3]