TORONTO – May 17, 2023 – Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAC) (FRA: 0PL) (“Xtract One” or the “Company”) today announced its partnership with Sentara Health to provide weapons detection services at hospitals in Virginia, following a successful deployment of Xtract One’s SmartGateway entry screening technology. The deployment at two hospitals was part of the evaluation for expansion to all 12 Sentara hospitals in Virginia and North Carolina.
Violence against health care workers has grown, especially since the start of the COVID-19 pandemic. About 74% of workplace violence in the U.S. is committed against health care workers according to the National Institutes of Health. While all Sentara facilities are posted as firearm and weapon free, undetected weapons have the potential to escalate confrontations into lethal conflicts.
Xtract One’s SmartGateway unobtrusively detects hidden firearms, knives, and other weapons as they enter buildings. The solution’s artificial intelligence (AI) sensors scan for prohibited items without requiring the offloading of personal items.
“Our first promise to our patients, visitors and staff is safety,” says Sherwin Stewart, system lead for the Xtract One pilot. “We selected Xtract One’s solution because it aligns with our goal to provide a safe and welcoming environment. We appreciate the flexibility of Xtract One’s solution to adapt to our operations rather than the other way around.”
In addition to healthcare facilities, SmartGateway is also protecting entrances at arenas and stadiums around the country, as well as casinos, workplaces, and schools. Its flexible configuration allows the technology to work effectively in a range of industries – from hospitals and healthcare facilities to stadiums and arenas – with the common purpose of protecting patrons and workers from mass casualty events.
“Xtract One’s SmartGateway is an ideal solution for organizations like Sentara, whose priority is providing a positive experience and exceptional overall patient care,” said Peter Evans, Xtract One CEO. “Sentara evaluated several solutions on the market, and we are very happy to deliver the customizable solution they were seeking. Most compelling was our ability to align our system with their specific needs. Our philosophy, and every aspect of the business is oriented toward delivering that brand experience for our customers.”
For more on Xtract One’s AI-powered entry screening solutions, please visit: https://xtractone.com/.
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 Multi-Sensor Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based Video Recognition 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.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, the Company’s limited operating history and lack of historical profits; risks related to the obtention of shareholder approval in order to permit the subsequent US$3.7 million investment by MSG Sports; risks related to the Company’s business and financial position; fluctuations in the market price of the Common Shares; that the Company may not be able to accurately predict its rate of growth and profitability; risks related to the COVID-19 pandemic and its impact on the Company, economic conditions, and global markets; the failure of the Company to use any of the proceeds received from the Offering in a manner consistent with current expectations; reliance on management; the Company’s requirements for additional financing, and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with research and development institutions, clients and suppliers. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no obligation to update any forward looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
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