Xtract One Drives International Growth Through US$2.6 Million Follow-On Contract with Global Entertainment Organization

Rhea-AI Summary

Xtract One Technologies (OTCQX: XTRAF) has secured a US$2.6 million contract to expand its SmartGateway weapons detection system deployment at a major international entertainment venue. This three-year expansion follows a successful US$5.1 million initial installation from 2023, demonstrating strong customer satisfaction and product efficacy.

The deployment is scheduled for 2026 to align with the venue's expansion plans. The facility serves over 25 million annual patrons, and according to the company, this represents the largest deployment of such a solution globally. The project reinforces Xtract One's international growth strategy and validates its technology's effectiveness in addressing global security needs, particularly in knife detection.

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• Deployment delayed until 2026, indicating extended timeline for revenue recognition

Builds on Prior SmartGateway Installation as Customer Site Expands

TORONTO, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”) today announced it has been awarded a US$2.6 million contract to expand its SmartGateway deployment at a major international entertainment organization’s venue. This additional project extends Xtract One’s 2023 installation at the same location and demonstrates customer satisfaction along with growing demand for the Company’s solutions in international markets. The initial three-year deal totaled over US$5.1 million and included hardware, software, installation, and support components.

With deployment of this three year expansion contract planned for 2026 to align with the organization’s scheduled expansion and enhancement activities, this project will scale up Xtract One’s existing footprint and further support the entertainment organization’s mission to deliver safer guest experiences at its venue. With this expansion, Xtract One reinforces its strategic commitment to delivering its innovative technologies to world-class, forward-thinking destinations globally. The expansion also indicates successful product fit and function, able to address the venue’s unique needs and international requirements.

“Working together for two years now, we’re honored to continue strengthening our partnership with this landmark destination to further showcase the efficacy of our weapons detection technology on a global scale,” said Peter Evans, CEO of Xtract One. “International growth is a core focus for us, and this expansion project – with such a prominent organization – underscores the value of our solutions for key players around the world, provides another strong reference account, and ensures the safety and outstanding experiences for the more than 25 million patrons who visit the venue annually. I believe this is the single largest deployment of any solution globally. As more organizations across the world adopt tech-driven security solutions — particularly those that address the critical need for accurate knife detection — we look forward to further expanding our international customer base and showcasing SmartGateway as a viable solution for all venue security needs.”

To learn more, visit www.xtractone.com.

About Xtract One
Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved “Walk-right-In” experiences while enhancing safety. Xtract One's innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, X, and LinkedIn.

About Threat Detection Systems
Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today's world, no threat detection system is 100% effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security.

Forward Looking Statements
This 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 and customer contracts, 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, but are not limited to, the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. 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: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385
Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 212-206-1645

FAQ

What is the value of Xtract One's (XTRAF) new contract expansion?

Xtract One secured a US$2.6 million contract to expand its SmartGateway deployment at a major international entertainment venue.

When will Xtract One (XTRAF) deploy the expanded SmartGateway system?

The deployment is scheduled for 2026 to align with the entertainment organization's planned expansion activities.

How many visitors does the venue with Xtract One's (XTRAF) security system serve?

The venue serves more than 25 million patrons annually, making it a significant reference installation for Xtract One.

What was the value of Xtract One's (XTRAF) initial contract with this entertainment venue?

The initial three-year deal from 2023 was valued at US$5.1 million, including hardware, software, installation, and support components.

What security features does Xtract One's (XTRAF) SmartGateway system focus on?

SmartGateway focuses on weapons detection technology, with particular emphasis on accurate knife detection capabilities for venue security needs.