Xtract One Technologies Announces Tachi Palace Casino
TORONTO, Dec. 13, 2022 (GLOBE NEWSWIRE) — Xtract One Technologies (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) today announced that Tachi Palace Casino Resorts (“Tachi”), located in Lemoore, Calif., has expanded its use of Xtract One’s SafeGateway weapons detection technology to accommodate the venue’s growth.
Tachi, owned by the Tachi-Yokut Native American tribe, first purchased Xtract One gateway technology in July 2021. The new resort expansion spans more than 300,000 square feet, encompassing a casino, hotel and resort, entertainment center, gas station and more. As a result of Tachi’s positive experience with Xtract One’s SafeGateway system, the company will expand the use of SafeGateway to all entrances of the newly built complex.
Tachi is reporting that Xtract One’s solution has significantly increased the safety and customer experience at the venue, with the SafeGateway detecting an average of more than seven guns and 450 knives per month. Patrons arriving at the resort enjoy secure, fast entry – simply “walking-right-in” without delays, or invasive scanning.
“We continue to be pleased with the ongoing partnership with Xtract One, and the demonstrated ability to keep our patrons safe,” said Walter Gunn, director of safety and security for Tachi.
SafeGateway is an iteration of Xtract One’s Gateway patron screening solution. The system was designed to enable high throughput and customizability based on the customer’s individual needs and security requirements. SafeGateway detects guns, knives and other weapons on people walking into the venues, without the need to stop and remove personal items. This results in a superior solution for security, with attendees unaware of the system while enjoying an entry experience up to 10 times faster than possible with traditional walk-through metal detectors. The Gateway is also deployed across various sports arenas and other entertainment venues across the country.
“Xtract One is always focused on creating true partnerships with its customers, which is why Tachi represents another ‘win’ for us,” said Xtract One CEO Peter Evans. “We’re not in the game just to close the sale, we are in it for the long term – which is why the Tachi expansion is validation of our strategy.”
For more on Xtract One’s SafeGateway, please visit https://xtractone.com/products/safegateway/
About Xtract One Technologies
Xtract 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 multi-sensor Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based Xtract Vision allows venue and building operators to identify weapons and other threats inside and outside of facilities, and Xtract One Insights provides valuable intelligence for optimizing operations. For more information, visit www.xtractone.com or connect on Facebook, Twitter, and LinkedIn.
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CAUTIONARY DISCLAIMER STATEMENT:
This news release contains forward-looking statements within the meaning of applicable securities laws relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”,” believes”, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include but are not limited to: results of operational activities, completion of contracts; the Company’s limited profitability; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; the need to build alliances and partnerships, including with customers and suppliers; and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
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