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 the Company will serve
as the exclusive preferred supplier for the American Association of
Professional Baseball (AAPB). Through this three-year partnership,
Xtract One will have the unique ability to advise AAPB regarding
security and weapon detection technology, deploy solutions, and
ensure best practices to deliver first-class fan experiences.
The AAPB currently has 12 teams, with
significant expansion on the horizon. The league collectively
welcomes over 1.9 million patrons to their baseball stadiums each
year and aspires to transform their venues into dynamic
entertainment hubs to deliver optimal fan experiences. This
collaboration signifies a significant step forward in delivering
streamlined and efficient security measures, enhancing venue
safety, minimizing wait times, and fostering enhanced patron
experiences across the AAPB’s entertainment centers.
Xtract One’s Gateway system replaces traditional
metal detectors and hand wands, and delivers fast, reliable, and
seamless 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 system was
designed for large, ticketed venues to enable high throughput, and
a brand-enhancing patron experience. With Xtract One, AAPB will
eliminate long entry lines, allowing fans to quickly, and safely,
enter the venue and enjoy the event.
“The AAPB is all about family experiences,
family fun, good times, and great memories. Our top priority is to
enhance these experiences and to continue expanding our offerings,”
said Joshua Schaub, Commissioner of American Association of
Professional Baseball. “We are delighted to partner with Xtract One
on this journey to deliver an even safer and more enjoyable
experience for all.”
In its exclusive role, Xtract One will work
closely with AAPB to deploy cutting-edge security and weapon
detection technology solutions tailored to the league’s needs and
dynamic, family-centric venues. Xtract One’s ability to bolster
security measures while ensuring an optimized entry process for
patrons aligns with the league’s mission of prioritizing safety
without compromising the fan experience.
“We are thrilled to be partnering with AAPB as
their exclusive preferred supplier. We look forward to helping
enhance the overall safety for guests at upcoming games, while
elevating their game-day experience to a whole new level,” said
Peter Evans, CEO of Xtract One. “Together with AAPB, we are pleased
to be contributing to the vibrant, enjoyable experiences AAPB
provides to fans and families.”
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 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 American Association of
Professional Baseball (AAPB)
The American Association (www.aabaseball.com and
www.aabaseball.tv) is the premier MLB Professional Partner League
that operates in nine states and one Canadian province. Formed in
2006, the league consists of twelve member clubs. The AAPB’s goal
is to deliver family friendly entertainment across all venues. In
2022, 24 former American Association players appeared in a Major
League games.
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.com,
http://www.xtractone.com
Investor Relations:
xtract1@rbmilestone.com
Media Contact: Kristen Aikey, JMG Public
Relations, 212-206-1645, kristen@jmgpr.com
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