STOCK TITAN

Xtract One Technologies Selected by the NBA’s Cleveland Cavaliers to Bolster Venue Security & Elevate Fan Experience

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF) has announced that its SmartGateway security system has been selected to protect all entrances at Rocket Mortgage FieldHouse, home of the NBA's Cleveland Cavaliers. The installation was completed in Q2 2024.

SmartGateway is an AI-powered patron screening solution designed for large, ticketed venues. It aims to improve entry efficiency and detect threats without invading guests' privacy. The system replaces traditional metal detectors, allowing for faster and frictionless screening.

This partnership aligns with Rocket Mortgage FieldHouse's mission to create extraordinary experiences for everyone. SmartGateway is expected to eliminate long entry lines, enabling fans to quickly and safely enter the venue. The technology has been recognized by the U.S. Department of Homeland Security with a SAFETY Act Designation.

Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF) ha annunciato che il suo sistema di sicurezza SmartGateway è stato selezionato per proteggere tutti gli ingressi del Rocket Mortgage FieldHouse, casa degli NBA Cleveland Cavaliers. L'installazione è stata completata nel secondo trimestre del 2024.

SmartGateway è una soluzione di screening dei visitatori basata sull'IA progettata per grandi sedi con biglietti. Mira a migliorare l'efficienza all'ingresso e a rilevare minacce senza invadere la privacy degli ospiti. Il sistema sostituisce i tradizionali metal detector, consentendo uno screening più veloce e senza attriti.

Questa collaborazione si allinea con la missione di Rocket Mortgage FieldHouse di creare esperienze straordinarie per tutti. Si prevede che SmartGateway elimini le lunghe code agli ingressi, consentendo ai fan di entrare rapidamente e in sicurezza nella sede. La tecnologia è stata riconosciuta dal Dipartimento della Sicurezza Nazionale degli Stati Uniti con una Designazione SAFETY Act.

Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF) ha anunciado que su sistema de seguridad SmartGateway ha sido seleccionado para proteger todas las entradas del Rocket Mortgage FieldHouse, hogar de los Cleveland Cavaliers de la NBA. La instalación se completó en el segundo trimestre de 2024.

SmartGateway es una solución de detección de visitantes impulsada por IA diseñada para grandes lugares con entradas. Su objetivo es mejorar la eficiencia de entrada y detectar amenazas sin invadir la privacidad de los invitados. El sistema reemplaza los detectores de metales tradicionales, lo que permite una detección más rápida y sin fricciones.

Esta asociación se alinea con la misión de Rocket Mortgage FieldHouse de crear experiencias extraordinarias para todos. Se espera que SmartGateway elimine las largas filas de entrada, permitiendo a los fanáticos entrar al lugar de manera rápida y segura. La tecnología ha sido reconocida por el Departamento de Seguridad Nacional de EE. UU. con una designación de SAFETY Act.

Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)는 SmartGateway 보안 시스템이 NBA 클리블랜드 캐벌리어스의 홈 구장인 Rocket Mortgage FieldHouse의 모든 출입구를 보호하기 위해 선택되었음을 발표했습니다. 설치는 2024년 2분기에 완료되었습니다.

SmartGateway는 대규모 티켓이 필요한 장소를 위해 설계된 AI 기반 방문자 검사 솔루션입니다. 이 시스템은 입장 효율성을 개선하고 손님들의 프라이버시를 침해하지 않으면서 위협을 감지하는 것을 목표로 합니다. 이 시스템은 기존의 금속 탐지기를 대체하며, 보다 빠르고 원활한 검사를 가능하게 합니다.

이 파트너십은 Rocket Mortgage FieldHouse의 모든 사람에게 특별한 경험을 제공하는 목표와 일치합니다. SmartGateway는 긴 입장 줄을 없앨 것으로 기대되며, 팬들이 빠르고 안전하게 경기장에 들어갈 수 있도록 도와줄 것입니다. 이 기술은 미국 국토안보부로부터 SAFETY Act 지정을 받아 인정받았습니다.

Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF) a annoncé que son système de sécurité SmartGateway a été sélectionné pour protéger toutes les entrées du Rocket Mortgage FieldHouse, domicile des Cleveland Cavaliers de la NBA. L'installation a été réalisée au cours du deuxième trimestre 2024.

SmartGateway est une solution de contrôle des visiteurs propulsée par IA conçue pour de grands lieux payants. Elle vise à améliorer l'efficacité d'entrée et à détecter les menaces sans envahir la vie privée des invités. Le système remplace les détecteurs de métaux traditionnels, permettant un contrôle plus rapide et sans friction.

Ce partenariat s'inscrit dans la mission de Rocket Mortgage FieldHouse de créer des expériences extraordinaires pour tous. On s'attend à ce que SmartGateway élimine les longues files d'attente à l'entrée, permettant aux fans d'entrer rapidement et en toute sécurité dans le lieu. La technologie a été reconnue par le Département de la sécurité intérieure des États-Unis avec une désignation SAFETY Act.

Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF) hat bekannt gegeben, dass sein Sicherheitssystem SmartGateway ausgewählt wurde, um alle Eingänge des Rocket Mortgage FieldHouse, Heimat der NBA Cleveland Cavaliers, zu schützen. Die Installation wurde im 2. Quartal 2024 abgeschlossen.

SmartGateway ist eine KI-gestützte Lösung zur Überprüfung von Besuchern, die für große, ticketpflichtige Veranstaltungsorte konzipiert wurde. Es zielt darauf ab, die Eingangs-Effizienz zu verbessern und Bedrohungen zu erkennen, ohne die Privatsphäre der Gäste zu verletzen. Das System ersetzt traditionelle Metalldetektoren und ermöglicht eine schnellere und reibungslose Überprüfung.

Diese Partnerschaft steht im Einklang mit der Mission des Rocket Mortgage FieldHouse, außergewöhnliche Erlebnisse für alle zu schaffen. Es wird erwartet, dass SmartGateway lange Warteschlangen beim Eintritt beseitigt und es den Fans ermöglicht, schnell und sicher in die Veranstaltung zu gelangen. Die Technologie wurde vom US-Ministerium für Innere Sicherheit mit einer SAFETY Act-Dauerkennung anerkannt.

Positive
  • Partnership with NBA's Cleveland Cavaliers for venue security
  • Installation of SmartGateway at all entrances of Rocket Mortgage FieldHouse
  • Potential for increased efficiency and improved fan experience
  • Recognition by U.S. Department of Homeland Security with SAFETY Act Designation
Negative
  • None.

With Close to Two Million Annual Patrons Rocket Mortgage FieldHouse Will Deploy Xtract One’s SmartGateway at All Venue Entrances

TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- 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 its SmartGateway has been selected to protect all entrances at Rocket Mortgage FieldHouse as a result of the Company’s partnership with the Cleveland Cavaliers (“Cavs”) of the National Basketball Association (NBA). Installation was completed during the second quarter of 2024.

Rocket Mortgage FieldHouse, home to the Cavaliers, is Northeast Ohio’s premier sports and entertainment venue located in the heart of downtown Cleveland. The Cavs are joining an expanding list of forward-thinking customers focused on providing a modern-day security approach to elevate guest experience. Aligning with the Rocket Mortgage FieldHouse mission of creating extraordinary experiences for everyone, SmartGateway will deliver optimal fan experiences by eliminating long entry lines, allowing fans to quickly and safely enter the venue and enjoy the game.

"In introducing our game-changing technology to Cleveland Cavaliers home court, we’re taking SmartGateway to the NBA stage and showcasing just how impactful the system can be for live event venues across the nation, including in Cleveland during this years playoffs” said Peter Evans, CEO of Xtract One. “We’re looking forward to working together with Rocket Mortgage Fieldhouse, and other Rocket Mortgage properties to enhance patron protection and further elevate event experiences, particularly for the rest of this NBA season, and beyond.”

“We are dedicated to creating extraordinary experiences, all the time, for everyone. When fans and event-goers come to our venue, we want their time to be spent enjoying the event and making memories that will last a lifetime,” Matt Miller, SVP of Facility Operations. “We’re excited to be working with Xtract One to set new standards in fan safety, and further cement Rocket Mortgage FieldHouse as the premier destination in Cleveland.”

SmartGateway is a cutting-edge, AI-powered patron screening solution tailored for large, ticketed venues, designed to improve entry efficiency and detect threats without invading guests' sense of privacy and comfort. The system replaces traditional metal detectors and delivers fast, reliable, and frictionless screening solutions to enable high throughput. SmartGateway unobtrusively scans patrons for weapons and other prohibited items as they walk through, eliminating the need to empty pockets and optimizing their experience by reducing time spent in security lines. and allowing patrons to quickly, and safely, enter the venue to enjoy their event. This capability allows patrons to safely enter the venue to enjoy their event at a quicker pace—up to ten times quicker than traditional methods.

Xtract One Technologies is leveraged by venues globally and has been awarded the U.S. Department of Homeland Security (DHS) SAFETY Act Designation for their Multi-Sensor Gateway portfolio. This designation recognizes the effectiveness of its AI-powered weapons detection technology for public safety as a trusted leader in advanced touchless security screening solutions.

To learn more, visit www.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 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 LinkedIn, X, and Facebook.

About Rocket Mortgage FieldHouse
Rocket Mortgage FieldHouse is Northeast Ohio’s premier sports and entertainment facility. Home of the Cleveland Cavaliers, Cleveland Monsters and the annual MAC Men’s and Women’s Basketball Tournament, the Rocket Mortgage FieldHouse also hosts major attractions, top-tier concert tours, family shows and signature events to the greater Cleveland area. Each year, Rocket Mortgage FieldHouse hosts more than 200 diverse ticketed events and 1,400 private events that draw nearly 2 million patrons to downtown Cleveland. These events have a lasting and significant cultural and economic impact on the city, the county and the broader Northeast Ohio region. Visit rocketmortgagefieldhouse.com to learn more. 

About Cleveland Cavaliers
The Cleveland Cavaliers, founded in 1970, are a professional basketball team in the NBA's Eastern Conference. The Cleveland Cavaliers won the NBA Championship in 2016 while also taking the Eastern Conference crown in 2007, 2015, 2016, 2017 and 2018. Known for their community support, workplace diversity and local economic impact, the team plays at Rocket Mortgage FieldHouse in downtown Cleveland, Ohio. Both the Cavaliers and Rocket Mortgage FieldHouse are part of Rock Entertainment Group, the umbrella entity of sports and entertainment properties under the Dan Gilbert ROCK Family of Companies. The Cavaliers and Rocket Mortgage FieldHouse provide fans with the best experience in the NBA with an extensive and stunning array of amenities, technology and signature, electrifying game presentation. Dan Gilbert is Chairman of the Cleveland Cavaliers. Nic Barlage is the Cavaliers, Rocket Mortgage FieldHouse and Rock Entertainment Group CEO, and the Cavaliers team is led by President of Basketball Operations Koby Altman, General Manager Mike Gansey and Head Coach Kenny Atkinson.

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, but are not limited to, the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. 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.

For further information, please contact:
Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com   
Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385
Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 212-206-1645


FAQ

What security system has the Cleveland Cavaliers selected for Rocket Mortgage FieldHouse?

The Cleveland Cavaliers have selected Xtract One Technologies' SmartGateway security system to protect all entrances at Rocket Mortgage FieldHouse.

When was the SmartGateway system installed at Rocket Mortgage FieldHouse?

The SmartGateway system was installed during the second quarter of 2024 at Rocket Mortgage FieldHouse.

How does SmartGateway improve the fan experience at Rocket Mortgage FieldHouse?

SmartGateway aims to eliminate long entry lines, allowing fans to quickly and safely enter the venue without the need to empty pockets, potentially reducing entry time by up to ten times compared to traditional methods.

What recognition has Xtract One Technologies (XTRAF) received for its security technology?

Xtract One Technologies has been awarded the U.S. Department of Homeland Security (DHS) SAFETY Act Designation for their Multi-Sensor Gateway portfolio, recognizing the effectiveness of its AI-powered weapons detection technology for public safety.

XTRACT ONE TECH INC

OTC:XTRAF

XTRAF Rankings

XTRAF Latest News

XTRAF Stock Data

116.61M
182.34M
15.15%
0.54%
Software - Application
Technology
Link
United States of America
Toronto