ptotf - PTOTF STOCK NEWS

Xtract One Technologies has announced the deployment of its SmartGateway security screening solution at Hyundai Transys in West Point, Georgia. This AI-powered technology aims to provide efficient weapons detection without requiring users to empty their pockets. Previously tested at Kia Georgia's facility, SmartGateway significantly reduced personnel screening time from 21 seconds to just 2.5 seconds, improving operational efficiency. This marks Xtract One's third client in the automotive sector, showcasing the growing demand for modern security solutions in large workplaces.

Xtract One Technologies (TSX: XTRA, OTCQX: XTRAF) reported strong growth in Q1 2023, showcasing an 85% increase in the value of its Platform backlog. Total revenue reached $0.6 million, with Platform revenue at $0.4 million—an impressive 125% increase year-over-year. The company secured multiple contracts, including partnerships with Oak View Group to enhance security at various venues. However, net loss rose significantly to $4.9 million, primarily due to prior funding impacts. Investors can learn more during the Q1 results conference call on December 6, 2022.

Xtract One Technologies Inc. has announced a name change from Patriot One Technologies Inc., effective December 1, 2022. The company's common shares now trade under the ticker symbols 'XTRA' on the Toronto Stock Exchange and 'XTRAF' on the OTCQX. This rebranding emphasizes the company's commitment to leveraging AI for enhancing security solutions and improving patron experiences at venues. CEO Peter Evans noted that this change reflects their focus on creating safe environments without compromising user experience.

Patriot One Technologies Inc. has received conditional approval from the Toronto Stock Exchange to change its name to Xtract One Technologies Inc., effective December 1, 2022. The company will also change its ticker symbol from PAT to XTRA. The subsidiaries, Patriot One Detection Technologies Inc. and Patriot One Detection Ltd., will adopt the new names as well. This name change reflects a strategic rebranding aimed at enhancing market communication and showcasing the company's commitment to user-focused security solutions that improve safety and customer experience.

Patriot One Technologies (OTCQX: PTOTF) announced its partnership with the Lakewood, N.J. school district to enhance security through its SmartGateway entry screening solution. This AI-powered system detects hidden weapons while allowing for quick and unobtrusive student entry, addressing safety concerns as studies show 3% of high school students reported carrying weapons on school property. The technology promises a more effective approach to school security, integrating easily with existing systems and elevating safety measures further for students and staff.

Patriot One Technologies (OTCQX: PTOTF) announced its decision to rebrand as Xtract One Technologies, aiming to better reflect its commitment to merging patron experiences with safety. This change underscores the company's focus on customer-centric security solutions powered by AI, targeting industries such as arenas, manufacturing, and government. The rebranding aligns the company's public image with its strategy to enhance its digital innovation solutions. CEO Peter Evans emphasized the objective of extracting critical insights from extensive data to help customers with their security requirements.

Patriot One Technologies (OTCQX: PTOTF) announced that its SmartGateway patron screening solution has been selected for the new $300+ million Acrisure Arena in Greater Palm Springs, enhancing security for diverse events. The arena, owned by Oak View Group, will host over a million visitors annually and serve as the home for the Coachella Valley Firebirds. SmartGateway is designed for high throughput and customization for venues. The partnership signifies Patriot One's expanding footprint in modern security solutions for large-scale events.

Patriot One Technologies (OTCQX: PTOTF) announced that its SmartGateway patron screening solution has been selected by Acrisure Arena in Palm Springs to enhance security for various events. The arena, set to open in December, aims to provide a world-class experience for patrons by utilizing advanced technology for flexible and reliable security. This partnership with OVG360 adds to Patriot One's portfolio, reinforcing its capabilities in modernizing security for large venues. The SmartGateway system is designed for high throughput while addressing unique customer security requirements.

Patriot One Technologies (OTCQX: PTOTF) has been selected to implement its SmartGateway security solution at the Total Mortgage Arena in Bridgeport, Conn., enhancing patron safety for various events, including sports and concerts. This deployment is part of a collaboration with Oak View Group (OVG). The SmartGateway technology enables seamless entry for attendees, scanning for weapons with AI sensors while minimizing security disruptions. The agreement reflects confidence in Patriot One’s technology, which aims to expand into more venues and environments.