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
patron screening solution was selected by Cross Insurance Center in
Bangor, Maine to secure all entrances for concerts, conferences,
and other live events at the venue.
The facility is owned by City of Bangor and is
managed by global sports and entertainment company Oak View Group
(OVG), which announced a strategic partnership with Xtract One in
October 2022.
“As a venue that hosts a variety of events, we
are committed to constantly improving our safety operations and
finding new ways to ensure the security of our fans and guests,”
said Chris McGrail, General Manager at Cross Insurance Center. “By
partnering with Xtract One, we are taking a proactive approach to
enhancing our security measures and providing the highest level of
protection, and overall experience, to our patrons. This
partnership is just one example of our commitment to guest safety,
and we look forward to working together to provide a better overall
experience for anyone who enters our venue.”
The SmartGateway system delivers fast, reliable,
and accurate screening for high throughput venues, leveraging
AI-powered sensors to detect threats without invading guests’ sense
of privacy and comfort. SmartGateway unobtrusively scans patrons
for weapons and other prohibited items as they enter the space,
optimizing their experience by reducing time spent in security
lines and enhancing safety.
“We are thrilled to be partnering with Cross
Insurance Center, Oak View Group, and the city of Bangor to
implement our SmartGateway technology to ensure the safety and
security of their patrons, while enhancing the guest experience,”
said Peter Evans, CEO of Xtract One. "We look forward to continuing
our work with Oak View Group, and delivering innovative, optimal
security solutions for their growing portfolio of venues.”
For more on Xtract One’s SmartGateway, please
visit www.xtractone.com.
About Xtract OneXtract 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 Multi-Sensor Gateway
product enables companies to covertly screen for weapons at points
of entry without disrupting the flow of traffic. Its AI-based Video
Recognition 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 Facebook, Twitter, and LinkedIn.
About Cross Insurance
CenterThe Cross Insurance Center is a 5,800-seat
multi-purpose arena in Bangor, Maine. The arena
holds up to 8,500 people for concerts and features an attached
2,000-person convention center. Part of the city's Bass Park
complex, it is located across from Hollywood Casino Bangor.
The Cross Insurance Center hosts close approximately 200 events
annually. Events include concerts, theatrical shows, comedy,
sporting events, tradeshows and expos, conventions, galas, weddings
and more.
About Oak View Group (OVG)Oak
View Group (OVG) is a global sports and entertainment company
founded by Tim Leiweke and Irving Azoff in 2015. OVG is focused on
being a positive disruption to business as usual in the sports,
live entertainment, and hospitality industries and currently has
eight divisions across five global offices (Los Angeles, New York,
London, Philadelphia, and Toronto). OVG oversees the operations of
Climate Pledge Arena at Seattle Center, UBS Arena in Belmont Park,
NY, and Moody Center in Austin, TX as well as arena development
projects for Acrisure Arena in Palm Springs, CA; Co-op Live in
Manchester, UK; and projects for Arena São Paulo in São Paulo, BZ;
Baltimore Arena in Baltimore, MD; FirstOntario Centre Arena in
Hamilton, ON; a New Arena and entertainment district in Las Vegas,
NV; and a New Arena in Cardiff, Wales. More information at
OakViewGroup.com, and follow OVG on Facebook, Instagram,
Twitter, and LinkedIn.
Forward Looking StatementsThis
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,
among others, the Company’s limited operating history and lack of
historical profits; risks related to the Company’s business and
financial position; fluctuations in the market price of the Common
Shares; that the Company may not be able to accurately predict its
rate of growth and profitability; risks related to the COVID-19
pandemic and its impact on the Company, economic conditions, and
global markets; reliance on management; the Company’s future
requirements for additional financing, and the effect of capital
market conditions and other factors on capital availability;
competition, including from more established or better financed
competitors; and the need to secure and maintain corporate
alliances and partnerships, including with research and development
institutions, clients and suppliers. 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.comhttp://www.xtractone.com
Investor
Relations:xtract1@rbmilestone.com
Media Contact:Kristen AikeyJMG Public
Relations212-206-1645kristen@jmgpr.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c25c9f2b-d094-4e8a-939a-2b6094d6dc5d
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