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Xtract One Enters Master Supply Agreement with Global Entertainment Organization for Security Screening Deployment
TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- Xtract One Technologies (TSX: XTRA)(OTCQX: XTRA...
About this update from Xtract One Technologies Inc
[{"type":"text","content":"Xtract One Enters Master Supply Agreement with Global Entertainment Organization for Security Screening DeploymentXtract One’s SmartGateway Selected as the Weapons Screening Solution for Any Global Deployments\n\n\n\n TORONTO, May 15, 2025 (GLOBE NEWSWIRE) --\n \n\n Xtract One Technologies\n \n\n (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”) today announced that the Company has entered into a Master Supply Agreement with a new customer, a leading global media and entertainment organization. Through this agreement, Xtract One’s\n \n\n SmartGateway\n \n\n has been selected as the screening technology solution that is now available at any location and will initially be deployed in a first application at an venue in Asia – with the potential of ongoing expansion at any of the brand’s growing portfolio of hundreds of entertainment venues, retail stores, and production facilities worldwide. The first installation is expected to begin in the second quarter of 2025; additional terms were not disclosed.\n \n\n “We’re energized to be working with yet another major player in the global entertainment industry, furthering the case for creating safer entertainment spaces for everyone around the world,” said Peter Evans, CEO of Xtract One. “The testing executed was some of the most rigorous that we have been subjected to, with a very detailed set of prohibited items tested, along with detailed analysis of the metrics for the guest ingress experience. Large, global organizations such as this customer have highly valuable assets to protect, and high brand equity to maintain also. We are pleased to have been tested and proven to deliver against both metrics.”\n \n\n After testing at multiple locations, Xtract One’s SmartGateway was selected for its ability to provide fast, reliable, and accurate patron screening. This agreement sets a new standard within the global entertainment industry through the entertainment company’s effort to enhance security measures and ensure the safety of all venue visitors on a global scale. The first SmartGateway deployment will occur within the next months.\n \n\n Xtract One’s SmartGateway allows for fast, frictionless entry, enhancing safety without sacrificing experience. SmartGatew...