Xtract One Technologies Inc. (XTRA.TO)
Xtract One Technologies Inc. operates in the Software - Application industry of the Technology sector, headquartered in Toronto, ON, CA. The stock last traded at $0.54, up 0.00% on the session, giving a market capitalisation of $140.4M. Its beta of 1.39 implies it has historically moved more than the broad market.
Xtract One Technologies Inc. is a global innovator specializing in the research, development, and commercialization of advanced threat detection solutions, operating through its Patriot and Xtract divisions. The Patriot division focuses on developing and deploying an AI-driven platform for threat identification, while the Xtract segment creates and commercializes diverse AI-based solutions. Key offerings include the PATSCAN VRS Video Recognition Software, which integrates digital cameras with artificial intelligence to automatically identify overt weapon threats, physical altercations, and potential health and safety concerns. Additionally, its PATSCAN Multi-Sensor Gateway is an autonomous system engineered to identify concealed weapons like guns and knives on individuals entering secured public or private spaces, finding applications at venues such as schools, stadiums, concert halls, and shopping centers. Xtract One also develops the PATSCAN Cognitive Microwave Radar (CMR), a sophisticated system that leverages microwave radar technology alongside bespoke machine learning and AI software to uncover concealed weapons. Founded in 2016 and headquartered in Toronto, Canada, the company operated as Patriot One Technologies Inc. until its rebranding to Xtract One Technologies Inc. in December 2022.
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