Toronto, ON – November 14, 2023 – Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”), a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced the results of voting on all resolutions presented to its annual general meeting of shareholders held on November 14, 2023 (the “Meeting”).
A total of 48,975,912 common shares of the Company (“Common Shares”), or 24.69% of the 198,348,575 issued and outstanding Common Shares as at the record date of the Meeting, were voted at the Meeting by proxy. No Common Shares were voted at the Meeting in person. All nominees of the Company were elected as directors of the Company as follows:
| Nominee | Votes For | % of Votes For | Votes Withheld | % of Votes Withheld |
| Peter van der Gracht | 43,722,008 | 96.382% | 1,641,308 | 3.618% |
| Peter Evans | 45,244,634 | 99.738% | 118,682 | 0.262% |
| John Gillies | 43,716,499 | 96.370% | 1,646,817 | 3.630% |
| Bill Maginas | 43,774,326 | 96.497% | 1,588,990 | 3.503% |
| Lea M. Ray | 43,773,659 | 96.496% | 1,589,657 | 3.504% |
In addition, the following matters were approved by the affirmative vote of the requisite majority of the votes represented at the Meeting:
- setting the number of directors of the Company at five (5); and
- the appointment of Davidson & Company LLP as auditors of the Company.
About Xtract One
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. For more information, visit www.xtractone.com or connect on Facebook, Twitter, and LinkedIn.
CAUTIONARY DISCLAIMER STATEMENT:
No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements within the meaning of applicable securities laws relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects”,” believes”, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
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For further information, please contact:
Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
Investor Relations: xtract1@rbmilestone.com
Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com