Core Insights - Liberty Defense Holdings Ltd. has successfully demonstrated its HEXWAVE system for detecting concealed metallic and non-metallic threats with minimal false alarms, targeting courthouses and correctional facilities [1][3]. Technology Overview - HEXWAVE employs millimeter wave technology, advanced 3D imaging, and AI to identify concealed threats, including liquid, powder, and plastic explosives, as well as 3D-printed firearms and other contraband [2]. - The system is designed for rapid, automated screening through a contactless, high-throughput walkthrough portal [2]. Testing and Validation - The testing was conducted over three days at a major U.S. courthouse, showcasing HEXWAVE's ability to detect a wide range of concealed threats, including ceramic knives, detonators, tasers disguised as cell phones, and various explosives [3]. - The testing was overseen by Fitzgerald Technology Group, which praised HEXWAVE's capabilities in addressing evolving security threats [3]. Company Background - Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas, including airports, stadiums, and schools [4]. - The company has secured an exclusive license from the Massachusetts Institute of Technology (MIT) for its HEXWAVE product and has also licensed additional millimeter wave-based technologies [4].

Over-Allotment Option Exercised in Full THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) announces that it has closed its previously announced “bought deal” public offering (the “Offering”) conducted by Ventum Capital Markets (the “Underwriter”) ...

Core Insights - Cloudastructure, Inc. has been selected by a leading national property management firm to enhance security at a mixed-use community through its advanced AI Surveillance platform [1][2] - The property management firm is facing significant security challenges, including vehicle break-ins and unauthorized access, prompting the need for a comprehensive technology-driven solution [2] - Cloudastructure's AI-powered security platform is viewed as a foundational element for establishing new safety benchmarks across the property management firm's portfolio [3][4] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and offers a scalable cloud-based security platform featuring cloud video surveillance and proprietary AI/ML analytics [5] - The platform provides proactive, end-to-end security with a value proposition that includes contract-free, month-to-month pricing and 24/7 support [5] - Companies utilizing Cloudastructure's solutions can achieve up to a 75% lower Total Cost of Ownership compared to other systems [5]

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 diverse range of solutions including Smart City, Network, Video, Security Convergence, and IoT across various sectors such as Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, utilizing AI and Deep Learning Technologies [3] Upcoming Financial Results - The company will hold a conference call on June 18th, 2025, at 4:30 p.m. Eastern time to discuss its financial results for the first quarter of fiscal year 2025, which ended on March 31, 2025 [1][2] - Financial results will be released in a press release prior to the call [1] Technological Expertise - Gorilla Technology specializes in enhancing urban operations, security, and resilience through innovative products that leverage AI for intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics, and advanced cybersecurity technologies [4] - The integration of these AI-driven technologies aims to empower Smart Cities, improving efficiency, safety, and cybersecurity measures, thereby enhancing the quality of life for residents [4]

SAN FRANCISCO, June 11, 2025 (GLOBE NEWSWIRE) -- Shares in Napco Security Technologies, Inc. (NASDAQ: NSSC) are trading down nearly 21% year-to-date, as the security technology company continues to face heightened scrutiny as it navigates both legal and operational challenges. Most recently, on May 5, 2025, Napco released its third-quarter financial results for fiscal year 2025, revealing mixed performance metrics amid an ongoing securities class action lawsuit that centers on its distribution practices and ...

Core Viewpoint - Xtract One Technologies Inc. reported a decrease in revenue for the third quarter of fiscal 2025 but maintains a strong backlog and positive outlook for future growth, driven by new product launches and significant orders [3][4]. Financial Performance - Consolidated revenue for the three months ended April 30, 2025, was $3.5 million, down from $4.7 million in the same period last year, attributed to delayed deployments [4][7]. - Gross profit for the quarter was $2.0 million, resulting in a gross profit margin of 57%, compared to a gross profit of $2.7 million and a margin of 58% in the prior-year period [4][7]. - Comprehensive loss for the quarter was $3.3 million, an increase from a loss of $2.7 million in the same period of fiscal 2024, reflecting reduced gross profit offset by lower operating costs [5][7]. Backlog and Orders - The total contractual backlog at the end of the third quarter was $15.4 million, up from $13.8 million in the prior-year period, excluding an additional $21.1 million of agreements pending installation [7]. - The company has $6.7 million in orders for its new Xtract One Gateway product, which is set to start shipping in July [3][7]. Operational Developments - Recent wins include contracts with the Colorado Rockies and an international entertainment giant, positioning the company favorably for the upcoming quarters [3][7]. - The company has conducted numerous demonstrations and trials across various sectors, including education, healthcare, and manufacturing [7]. Cash Flow and Financial Position - Cash and cash equivalents decreased to $1.9 million as of April 30, 2025, down from $8.6 million at the end of the previous fiscal year [16][17]. - The company reported a net loss of $8.4 million for the nine months ended April 30, 2025, compared to a loss of $8.7 million for the same period in 2024 [17].

Core Insights - Xtract One Technologies Inc. is set to begin shipping its new security platform, Xtract One Gateway, in July, with an aggregate order value of approximately $6.7 million from at least five different customers [1][2] - The product has received certification in the U.S. and Canada, with plans to enter additional international markets later this quarter [1] - The Xtract One Gateway is designed to enhance security by scanning individuals and their belongings, significantly reducing screening times and improving the overall access experience [2][3] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on seamless patron access control experiences [3] - The company aims to provide unobtrusive weapons and threat detection systems that enhance safety while maintaining efficient traffic flow at entry and exit points [3] - Xtract One's solutions cater to various sectors, including education, healthcare, manufacturing, and distribution, establishing the company as a market leader in security technology [3]

Company Highlights - Cloudastructure, Inc. has been invited to present at the "2025 Virtual Tech Conference" hosted by Maxim Group LLC, with a fireside chat scheduled for June 4, 2025 [1] - Since its Nasdaq listing in January 2025, Cloudastructure reported a 212% year-over-year increase in revenue for Q1 2025, achieved a positive gross profit, and secured its largest contract in the luxury multifamily sector [3] - The company has expanded into the HUD and affordable housing markets through partnerships with nonprofit housing providers and has entered the construction industry with the launch of its Alpha™ mobile surveillance trailer [3] - Cloudastructure's security platform features a scalable cloud-based architecture with AI/ML analytics, offering a lower Total Cost of Ownership by up to 75% compared to other systems [6] Industry Context - The 2025 Virtual Tech Conference will explore the impact of emerging technologies such as Quantum Computing and Artificial Intelligence across various industries, including healthcare, drones, consumer IoT, and gaming [2] - The conference aims to facilitate discussions between senior analysts and CEOs of growth companies, focusing on technology's role in business expansion [2]

Core Viewpoint - Liberty Defense Holdings Ltd. intends to initiate a normal course issuer bid (NCIB) to repurchase its common shares, which has been approved by its board of directors and conditionally by the TSX Venture Exchange [1][2]. Group 1: NCIB Details - The company plans to buy up to 5,142,844 shares, representing approximately 10% of its public float, which consists of shares held by non-insiders [2]. - As of May 30, 2025, there are 51,976,722 issued and outstanding shares, with 548,281 shares held by insiders [2]. - The NCIB will commence on June 5, 2025, and will remain open until June 4, 2026, or until completed or terminated by the company [2]. Group 2: Purchase Mechanism - Shares will be purchased at market price plus brokerage fees, and all transactions will occur on the open market through the TSXV [3]. - The company may not acquire more than 2% of its issued and outstanding shares in any 30-day period [2]. Group 3: Rationale for NCIB - The board believes that the market price of the shares may not fully reflect the underlying value of the business, making share repurchase an appropriate use of corporate funds [4]. - Research Capital Corporation has been engaged as the broker to facilitate the share purchases under the NCIB [4]. Group 4: Company Overview - Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas such as airports and schools [6]. - The company’s HEXWAVE product, licensed from MIT, offers modular and scalable protection for detecting both metallic and non-metallic weapons [6]. - Liberty has also licensed advanced imaging technologies, including millimeter wave-based body scanners [6].

Core Viewpoint - Napco Security Technologies, Inc. is facing significant challenges, including a 21% decline in share price year-to-date, amid legal scrutiny and operational difficulties, particularly related to a securities class action lawsuit concerning its distribution practices and sales forecasting [1][2]. Financial Performance - Napco's third-quarter results for fiscal year 2025 showed a 10.8% year-over-year decrease in net sales, totaling $43.96 million, while earnings per share exceeded expectations at $0.36 compared to a forecast of $0.29. However, net income fell by over 23% year-over-year, attributed to inventory reductions by key distributors [2][4]. - The company reported a 25% drop in equipment sales in its February 3, 2025 earnings report, leading to a withdrawal of its 45% EBITDA margin target for fiscal 2026, which resulted in a 26% decline in share price in a single trading session [4][6]. Legal Issues - A class action lawsuit, Patel v. Napco Security Technologies, Inc., alleges that the company's leadership misled investors regarding its ability to forecast hardware demand and maintain margin targets, failing to disclose vulnerabilities in its distribution network [3][5]. - The lawsuit claims that optimistic statements about sales and margins were misleading, leading to inflated stock prices during the class period and substantial losses when the true financial situation was revealed [5][8]. Investigation - Hagens Berman, a shareholder rights firm, is investigating the allegations against Napco, focusing on whether the company misled investors about its sales forecasting and distribution practices [8][9].