Peter Evans, CEO of Xtract One, was featured on SmartMoneyCircle with host Adam Sarhan in a dynamic episode titled, “Xtract One’s CEO is Disrupting the Security Industry with AI.” In this high-energy 23-minute interview, Peter discussed how AI-powered weapons detection is changing security across multiple industries.
Key highlights from the conversation:
The Technology Advantage: Peter explained how Xtract One’s AI does sophisticated object identification: “An object goes through our system… little bit of aluminum, a little bit of gold, little bit of platinum, little bit of lithium. That’s a smartphone… But the object that’s 10 ounces of steel, 4 ounces of brass, and 2 ounces of lead? That’s a gun.”
Market Opportunity: Peter revealed the massive scope, highlighting just the K-12 market: “There’s 130,000 K-through-12 schools in North America… It’s about a $13 billion opportunity. We uniquely can allow all those kids to walk in with their backpacks, their laptops, their binders, their chargers, their headsets… and not alert unless they have a gun or a knife.”
Real-World Impact: From Madison Square Garden to Radio City Music Hall to hospitals dealing with workplace violence, Peter shared how customers can now provide security “without negatively impacting the guest experience.”
Leadership Philosophy: Peter also shared personal insights on leadership, risk management, and business success, emphasizing that “luck comes from grit and hard work” and the importance of maintaining an ownership mindset throughout company growth.
The interview showcased how Xtract One is addressing the growing global demand for weapons detection with technology that’s truly “an and, not an or” – providing both effective security and seamless user experience.
Watch the full interview: