XTRACT ONE TECH INC - XTRAF STOCK NEWS

Xtract One Technologies (TSX: XTRA, OTCQX: XTRAF, FRA: 0PL) has secured contracts with NBA, MLB, and NHL teams following its recent U.S. DHS SAFETY Act designation for its SmartGateway technology. This tech, which utilizes AI to enhance patron security and experience, was chosen for its ability to seamlessly integrate into high-traffic venues. The selection process included rigorous evaluations validating Xtract One's position as a leader in security solutions. The QATT certification was pivotal in vendor selection, demonstrating the efficacy of their anti-terrorism measures. CEO Peter Evans highlighted the accelerated business development post-certification and the growing demand for innovative security solutions.

Xtract One Technologies will release its fiscal 2024 third quarter results on June 6, 2024, after trading closes. The following day, June 7, 2024, at 10:00 a.m. Eastern Time, CEO Peter Evans and CFO Karen Hersh will host a webcast and conference call to discuss the results for the three and nine months ending April 30, 2024. The event will be accessible on the company's website, where management will provide an overview of the interim financial results and offer insights into future business outlook, followed by a Q&A session.

Xtract One Technologies, a leading threat detection and security solution provider, has been awarded the U.S. Department of Homeland Security SAFETY Act Designation for its Multi-Sensor-Gateway portfolio, enabling major sports leagues to adopt SmartGateway Advanced Weapons Detection Solutions. This designation validates the efficacy of Xtract One's AI technology in safeguarding public spaces against modern threats, positioning the company as a trusted partner for professional sports leagues. The SmartGateway technology replaces traditional metal detectors with fast, accurate, and seamless screening solutions, optimizing the patron experience by ensuring safety without compromising comfort.

Xtract One Technologies partners with American Bank Center to enhance security measures, attendee experience, and venue operations. The SmartGateway system will be used to secure all entrances at the multi-use entertainment venue, providing fast, reliable, and seamless screening solutions for large events.

Xtract One Technologies partners with Oak View Group to bring AI-powered security solution to Co-op Live in Manchester, England, improving fan experience and security capabilities for the record-breaking arena.

Xtract One Technologies Inc. (XTRAF) reports strong year-over-year growth in fiscal second quarter results, with revenue reaching $2.9 million, gross margin at 61.1%, and new customer wins in various market segments. The company's total contract value of new bookings was $5.1 million, with a platform contractual backlog of $12.2 million. Despite a loss of $3.3 million, Xtract One remains optimistic about its record-setting performance and growth prospects.

Xtract One Technologies Inc. has filed a final short form base shelf prospectus, allowing the company to offer and issue up to $50 million of securities over a 25-month period. The company has no immediate intentions to undertake an offering, and the securities have not been registered under the U.S. Securities Act of 1933. The Shelf Prospectus is available on SEDAR+.

Xtract One Technologies partners with the Wisconsin Center District to implement the SmartGateway system at Baird Center, Wisconsin's largest convention center. This three-year partnership marks the company's first with a convention center and aims to provide advanced weapons detection without alerting on increasing levels of clutter typical of patrons at convention centers, commercial properties, and schools. The SmartGateway system will enable advanced and unobtrusive throughput for all patrons entering the convention center, aligning with WCD's top priority for providing safe, fully accessible, and respectful facility services to all visitors.

Xtract One Technologies (XTRAF) has been named to the 2024 OTCQX Best 50, a ranking of top performing companies on the OTCQX Best Market based on 2023 total return and average daily dollar volume growth. This is the second consecutive year the company has made the list, with the 2024 OTCQX Best 50 companies trading an aggregate $11.4 billion in dollar volume in 2023 and delivering a median total return of 77%. The company's CEO, Peter Evans, expressed gratitude for the recognition and emphasized the company's commitment to innovation and expansion.