Xtract One Technologies Expands Leadership Team with Key Hires to Support Strategic Growth
August 17 2023 - 7:00AM
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, announced today the appointment of two
new hires, Joshua Douglas and Christopher Feusner, as the Company’s
new Senior Vice President (SVP) of Product & Engineering and
Vice President (VP) of Sales, respectively.
Joshua is a recognized expert in the fields of
behavioral analytics, cybersecurity, and physical security. He
joins from Mimecast, where he served as Senior Vice President of
Product Management, and adds deep product management and
engineering leadership expertise to Xtract One’s offerings. Prior
to Xtract One, Joshua has also held leadership positions at
esteemed companies including Raytheon, Forcepoint, and TRC
Companies.
At Xtract One, Joshua will lead the product and
engineering groups to accelerate and drive the Company’s roadmap in
alignment with customer expectations for the future. This role
includes building on Xtract One’s solutions that are currently in
market as well as developing a roadmap for the Company’s future
product development.
Chris is a 20-year security industry veteran
with skills in understanding, developing, and deploying effective
go-to-market strategies across multiple industries, forged from his
years spent as a systems integrator and a manufacturer. He joins
after roles at Avigilon and Motorola Solutions, and most recently
at a stealth startup where he served as Vice President of Global
Sales, responsible for repositioning the sales organization,
shifting the GTM strategy, developing and building a new channel
partner program, rebuilding the company's price list, and assisting
in preparing the company's 5-year revenue growth plan.
Chris joins the Xtract One team to lead, scale,
and oversee the Company’s sales team. Key responsibilities include
driving the Company’s business development, with a focus on
expanding the lead funnel and channel partners strategy, as well as
exploring new target vertical and international markets.
"We're thrilled to welcome Joshua and Chris to
the Xtract One team. Their joining signifies a strategic step
towards driving our technological advancements and global
implementation of our product,” said Peter Evans, CEO of Xtract
One. “Their innovative thinking, extensive experience, and deep
technological insights align with our mission. Undoubtedly, they
will both play a pivotal role in pushing our vision forward and
facilitating the growth of our company.”
For more on Xtract One, 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 Software
allows venue and building operators to identify weapons and other
threats, and receive valuable intelligence for optimizing
operations. For more information, visit www.xtractone.com or
connect on Facebook, 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
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/1766a481-83c4-474e-b794-4dbe0a797022
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