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Xtract One Drives International Growth Through US$2.6 Million Follow-On Contract with Global Entertainment Organization
Globenewswire· 2025-08-14 11:30
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]
ScanTech AI to Attend 66th Annual Institute of Nuclear Materials Management Conference
Globenewswire· 2025-08-12 20:55
Core Viewpoint - ScanTech AI Systems Inc. is actively participating in the 66th Annual Institute of Nuclear Materials Management (INMM) Conference, emphasizing its commitment to nuclear security and critical infrastructure protection through advanced AI-powered solutions [1][2]. Company Overview - ScanTech AI Systems Inc. (Nasdaq: STAI) specializes in AI-powered CT screening systems, particularly in non-intrusive 'fixed-gantry' CT screening technologies [3]. - The company's scanners utilize proprietary artificial intelligence and machine learning to detect hazardous materials and contraband quickly and accurately [3]. - ScanTech AI's solutions are designed for various high-security environments, including airports, seaports, borders, embassies, and government buildings [3]. Industry Context - The INMM conference serves as a significant platform for professionals in nuclear materials management, security, and regulatory sectors, facilitating the exchange of ideas and technological innovations [2]. - ScanTech AI's participation in this event underscores its role in advancing nuclear security and enhancing protection for critical infrastructure [2].
Is Evolv Technologies Stock A Good Buy Ahead Of Its Q2 Results?
Seeking Alpha· 2025-08-12 01:46
Core Insights - Evolv Technologies Holdings, a Massachusetts-based security technology company, has regained interest from the investment community due to a new management team in place [1] Company Overview - Evolv Technologies specializes in enhancing the effectiveness of human security processes through its products [1] Management Changes - The recent changes in the management team are a significant factor contributing to the renewed interest from investors [1] Market Sentiment - The investment community's constructive interest indicates a potential positive shift in market sentiment towards Evolv Technologies [1]
Gorilla Technology Sets H1 2025 Conference Call for August 14 at 8:30 a.m. ET
Newsfile· 2025-08-08 14:00
Core Points - Gorilla Technology Group Inc. will hold a conference call on August 14, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the six months ended June 30, 2025 [1] - The conference call will be available for live webcast and replay [2] Company Overview - Gorilla Technology Group Inc. is headquartered in London, U.K., and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [3] - The company offers a variety of solutions across sectors such as Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, utilizing AI and Deep Learning Technologies [3] Technology and Solutions - The company focuses on enhancing urban operations, security, and resilience through AI-driven technologies [4] - Key products include intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics, and advanced cybersecurity technologies [4]
Cloudastructure Inc. Schedules Second Quarter 2025 Financial Results and Business Update Conference Call
Globenewswire· 2025-08-07 13:00
Core Viewpoint - Cloudastructure, Inc. will host a conference call on August 13, 2025, to discuss its financial results for the second quarter of 2025 and provide a business update [1]. Group 1: Conference Call Details - The conference call will be accessible via telephone for U.S. callers at +1 888-506-0062 and for international callers at +1 973-528-0011, with an access code of 472349 [2]. - A webcast of the call can be accessed through the company's investor relations website [2]. Group 2: Replay Information - A replay of the webcast will be available on the investor relations section of the company's website until August 13, 2026 [3]. - A telephone replay will be available approximately one hour after the call until August 27, 2025, accessible at +1 877-481-4010 for U.S. callers and +1 919-882-2331 for international callers, using access code 52818 [3]. Group 3: Company Overview - Cloudastructure is headquartered in Palo Alto, California, and is recognized for its advanced AI Surveillance and Remote Guarding solutions [4]. - The company's platform features cloud video surveillance with proprietary AI/ML analytics, offering a scalable cloud-based architecture [4]. - Cloudastructure provides a value proposition that avoids proprietary hardware, offers contract-free month-to-month pricing, and includes unlimited 24/7 support, achieving up to a 75% lower Total Cost of Ownership compared to other systems [4].
Xtract One Chosen by Volusia County Schools to Advance School Safety
Globenewswire· 2025-08-05 11:00
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]
Liberty Announces Closing of Listed Issuer Financing Exemption (LIFE) Private Placement of Units
Globenewswire· 2025-07-29 12:02
Core Viewpoint - Liberty Defense Holdings Ltd. has successfully closed a non-brokered private placement, raising gross proceeds of C$4.4 million through the issuance of 20 million units at C$0.22 per unit, which will support the deployment of its HEXWAVE technology and the rollout of its HD-AIT system later this year [1][3]. Group 1: Offering Details - The private placement consists of 20 million units, each comprising one common share and one common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at an exercise price of C$0.35, valid from September 27, 2025, until July 28, 2026 [2]. Group 2: Financial Implications - The offering generated gross proceeds of C$4.4 million, indicating strong investor demand and confidence in the company's vision and progress [1][3]. - A cash commission of C$158,393.99 was paid to finders, along with the issuance of 719,973 non-transferrable warrants [4]. Group 3: Company Overview - Liberty Defense Holdings Ltd. specializes in AI-based detection solutions for concealed weapons, targeting high-traffic areas requiring enhanced security, such as airports and schools [6]. - The company has secured an exclusive license for its HEXWAVE product from the Massachusetts Institute of Technology (MIT) and has also licensed millimeter wave-based HD-AIT technologies [6].
Xtract One Secures SmartGateway Contract with Global Performing Arts Company Famous for Live Entertainment
Globenewswire· 2025-07-24 11:00
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]
Liberty Announces Upsize to C$4.4 Million of Equity Financing Due to Demand
Globenewswire· 2025-07-17 15:41
Core Viewpoint - Liberty Defense Holdings Ltd. is increasing its non-brokered equity financing to raise a maximum of C$4.4 million by offering 20 million units at C$0.22 per unit [1][3]. Financing Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of C$0.35 [2]. - The offering is conducted under the Listed Issuer Financing Exemption, allowing for immediate resale of the units without a hold period [3]. - The company may pay a finder's fee of up to 6.0% of the gross proceeds and issue non-transferable warrants equal to 6.0% of the units issued [4]. Use of Proceeds - Proceeds from the offering will be allocated for purchasing inventory for HEXWAVE technology production, investor relations, marketing initiatives, operating expenses, and general working capital [5]. Closing Timeline - The offering is scheduled to close on or about July 22, 2025, subject to receiving a minimum of C$2,500,000 in subscriptions and necessary approvals [6]. Company Overview - Liberty provides advanced security solutions for concealed weapons detection in high-traffic areas, with products like HEXWAVE and other imaging technologies licensed from MIT [8][9].
Xtract One Selected by Meridian Public Schools to Strengthen Safety Across the District
Globenewswire· 2025-07-17 11:00
Core Insights - Xtract One Technologies has been selected by Meridian Public School District to implement its SmartGateway system to enhance school safety across its campuses [1][2][3] - The SmartGateway system is designed to provide unobtrusive screening for concealed threats, ensuring a secure yet welcoming environment for students and staff [1][4] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on creating seamless and secure experiences for various facilities [6] - The company’s SmartGateway system replaces traditional metal detectors with advanced AI sensors that discreetly detect weapons and prohibited items without compromising privacy [4][6] Industry Context - The deployment of SmartGateway at Meridian Public Schools reflects a growing emphasis on proactive threat detection in educational institutions, aiming to maintain a safe learning environment for over 4,500 students and 1,000 employees [2][3] - The partnership between Xtract One and Meridian Public Schools highlights a commitment to enhancing safety protocols and creating positive learning environments [3][4]