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 Budweiser Gardens, a
10,200-capacity sports-entertainment venue and home of the London
Knights in London, ON, to secure entrances for its sporting events
and concerts.
The property is owned by the City of London and
is managed by global sports and entertainment company OVG360, a
division of Oak View Group (OVG) which announced a strategic
partnership with Xtract One in October 2022.
“As the largest sports-entertainment centre in
Southwestern Ontario, we are committed to providing the best
possible experience for our fans and guests – as their comfort and
safety is always our top priority,” said Brian Ohl, General Manager
at Budweiser Gardens. “We are thrilled to announce our partnership
with Xtract One to implement their industry-leading SmartGateways
to further improve safety, and provide a better overall experience
for everyone who visits Budweiser Gardens for a London Knights
game, or other live event.”
The SmartGateway system replaces intimidating,
traditional metal detectors and delivers fast, reliable, and
accurate patron screening. This solution unobtrusively scans
patrons for guns, knives, and other prohibited items as they enter
the facility, using AI-powered sensors to detect threats without
invading patrons’ sense of privacy and comfort.
The SmartGateway system was designed with customization
in mind to account for customers’ specific needs as well as
security requirements for large, ticketed venues to enable high
throughput.
“At Xtract One, we are excited to partner with
Budweiser Gardens, OVG360, and the City of London to provide our
cutting-edge security solutions and help improve patron safety. We
are confident that our innovative technologies will enhance the
existing security measures and help create a more secure,
fan-centric environment for all patrons,” said Peter Evans, CEO of
Xtract One. “We look forward to working with Budweiser Gardens and
to continuing our partnership with Oak View Group to deliver
advanced, unobtrusive security solutions.”
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 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 OVG360OVG360, a division
of Oak View Group, is a full-service venue management and
hospitality company that helps client-partners reimagine the
sports, live entertainment, and convention industries for the
betterment of the venue, employees, artists, athletes, and
surrounding communities. With a portfolio of more than 200
client-partners spanning arenas, stadiums, convention centers,
performing arts centers, cultural institutions, and state fairs
around the globe, OVG360 provides a set of services, resources and
expertise designed to elevate every aspect of business that matters
to venue operators. Service-oriented and driven by social
responsibility, OVG360 helps facilities drive value through
excellence and innovation in food services, booking and content
development, sustainable operations, public health and public
safety 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 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 Relationsxtract1@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/02e032c0-62d8-42c7-ad28-842a4d9acf47
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