Disseminated on behalf of: Xtract One Technologies Inc.
Peter Evans, CEO and Director of Xtract One Technologies Inc. (TSX: XTRA | OTCQX: XTRAF | FSE: 0PL), discusses the company’s AI-driven threat detection focus, which uses purpose-built sensors and AI software to screen people for weapons without slowing them down. With older metal detectors forcing venues to make tough choices between strong security and a smooth guest experience, and public safety concerns rising as crowds grow larger, Xtract One is positioning itself to remove that trade-off and capitalize on demand for screening that is both fast and accurate.
Purpose-built sensors separate threats from everyday items
Unlike traditional systems that treat any piece of metal as a potential threat, Xtract One pairs purpose-built sensors with AI software to identify what a person is actually carrying. As Evans explains, “What we do is we solve that problem with purpose-built sensors and AI software that allows a person to walk through, and the system will identify: ‘that’s a laptop, that’s a smartphone, that’s a gun, that’s a knife.’”
By separating everyday items from genuine weapons, the platform lets crowds stream in without the long queues that older metal detectors create. The technology is built to deliver both speed and protection at the same checkpoint, and the company believes resolving this long-standing tension sets a new standard for how venues such as schools, hospitals, arenas, and workplaces keep guests, staff, patients, and students safer without making them wait.
Weapons detection market opportunity includes schools and venues
With safety concerns rising across public spaces, demand for faster and smarter screening is reshaping the security landscape. The company already screens crowds at large venues, including a recent deployment at the PNE, and Evans described one morning event where a line of 5,000 to 6,000 people cleared security within roughly 15 minutes, hours before the doors opened.
Schools represent an even larger opportunity. Evans points to about 130,000 K-12 schools in the United States and a market he sizes at roughly US$20 billion that the company believes it can uniquely serve. By flagging a concealed firearm or knife while letting as many as 66 students per minute walk straight through, the platform tackles a pressing safety problem at scale. This mix of venue, health care, and education demand offers early exposure to several large and growing markets.
Record bookings growth drives Xtract One to break-even
Recent milestones include the company’s fiscal third-quarter earnings, reported on June 10, 2026, which Evans described as a strong result driven by rapid bookings growth and a shift to cash-flow break-even. Bookings have been climbing 25 to 50 per cent year over year, and the company says it can now convert them to revenue quickly through an operationally efficient model.
“We’ve built a high-growth engine that has driven its way to cash-flow break-even at the same time, so it can serve both kinds of interests in the market,” Evans said, referring to aggressive high-growth investors and more conservative cash-flow-focused ones. He added that the customer success model, “has created not customers, but advocates.”
Looking ahead, the company expects continued deployments across all venues, health care, and schools, and expansion across Europe.
Scalable AI security positions Xtract One across markets
As Xtract One continues to expand AI-driven threat detection across stadiums, hospitals, schools, and other markets, it sits at the intersection of rising safety demand and the need for a seamless guest experience. With growing bookings, cash-flow break-even, and a large addressable market, the company is positioned for disciplined growth across the security sector.
Transcript
Jim Gordon: Hi, I am Jim Gordon, and you’re watching Market One Minute. Joining us is Peter Evans. He is the CEO and Director of Xtract One Technologies. Peter, welcome.
Peter Evans: Thank you very much for having me today, Jim.
Jim Gordon: You’re quite welcome, sir. Let’s tell our viewers about Xtract One and the problem your technology is designed to solve.
Peter Evans: Well, it’s a great place to start. We’re all familiar with walking through metal detectors at airports or going to your favourite sporting event, and places like that. That was a product that was used for a time, 50 years ago, when you walked around with a leather wallet in your pocket, maybe a watch, maybe a key. And so, metal was a good proxy for a weapon. In today’s world, which is getting more and more unsafe, it no longer applies when more people are carrying more metallic devices on them. The lines are longer when we want and expect to have a better guest experience, when we’re paying $5,000 to go see Taylor Swift. You have this juxtaposition of guest experience and security.
What we do is we solve that problem with purpose-built sensors and AI software that allows a person to walk through, and the system will identify: “that’s a laptop, that’s a smartphone, that’s a gun, that’s a knife”. People stream right in with a great guest experience without the inconvenience of standing in line for security reasons.
Jim Gordon: This is something we have all experienced and can relate to. Is it safe to say that traditional security screening often forces venues to choose between safety and convenience? I want to be safe, but I don’t want to stand in line for two hours. Tell us about how your technology is changing that equation.
Peter Evans: It’s a great question, and there’s always been this kind of headbutting between the guest experience people, who want to get you in a venue fast, or teachers in schools or hospitals who want to serve you quickly.
But the more and more security that we apply, the poorer the guest experience gets. You stand in longer lines. Think of it like today, when you’re doing online banking. You used to just enter your name and password. Now you’re getting a text, you have to enter in a code, and the CAPTCHA, and all these security steps.
More and more layers of security create more and more inconvenience, but it’s necessary. There’s a saying: “Security is always too much, until it’s never enough”. More people don’t want the inconvenience of security until such a time as an incident has occurred.
Look around at what’s happening every single day. The headlines in the newspaper. There’s another unfortunate stabbing in a hospital, where people are there to give care. There’s an unfortunate firearms incident. Nobody wants these things in society, but nobody wants the inconvenience. And (Xtract One) solves that conundrum by giving people a great experience and a safer environment.
Jim Gordon: I want to stay with the venue. It does put enormous stress, traditionally, on the venues and their security. Tell our viewers about a project you recently installed at the PNE. How is that showcasing Xtract One to potential customers around the globe?
Peter Evans: This is a great example. This is a global sporting event, and when you’ve got multiple individuals flying in from other countries, maybe speaking different languages and having different expectations about what their security experience might have been at an event. You have to think about the dynamic when you’re bringing in that kind of diverse environment of people to an event that could be a potential target.
If somebody wants to do something malicious, (they) want to have the notoriety. So, (they’re) going to choose a global event. By bringing in advanced technology, using software that’s digitally transforming the way we do things, I can create a great, welcoming guest experience for tens of thousands of people going to that global sporting event every day, without them all of a sudden having to go through unfortunate experiences or long lines.
This morning, I was at an event, and there was a long line of probably 5,000 to 6,000 people waiting to get in three hours before the doors opened, but they were all in within about five, 10, 15 minutes.
Jim Gordon: Xtract One has continued to grow its business and expand its deployments across multiple sectors. What aspects of the company’s recent financial performance and business momentum are you most encouraged by?
Peter Evans: We announced our earnings (on June 10, 2026), and it was a wonderful earnings call. There’s no one thing that I can say I’m most proud of. We continue to grow the top line, the bookings, very quickly now — 25 per cent to 50 per cent every year, year over year. And that trajectory is not going away.
The demand and the tailwinds behind what we do, and people wanting to secure their venues, remain very high. We’ve built a model where we can now convert those bookings to revenues very quickly, and we’re doing that with a very operationally efficient model. While we may be scaling operationally in single digits per year, the top line is growing 50 per cent every year, which has taken us to cash-flow break-even, essentially.
And so here we are finding ourselves in a very unique position where we get people asking us, “Are you going to invest for growth and maybe be cash-flow negative, or are you going to try and get to cash-flow break-even?” The answer is “Yes.” We’ve built a high-growth engine that has driven its way to cash-flow break-even at the same time, so it can serve both kinds of interests in the market.
Jim Gordon: Peter, last question for you. What should investors look for over the next 12 months from Xtract One Technologies? And also – it’s a two-parter – is there a catalyst or a focal point that you can talk about as well?
Peter Evans: The next 12 months: repeated success. Like we just announced in the last quarter, we now have all the foundation in place for the business. We’ve spent a lot of time getting our manufacturing processes right so we can scale very significantly.
The customer success model that we’ve put in place has created not customers, but advocates. Those advocates are telling their friends, and they tell their friends, and so on. So, the business is growing successfully in that way. I think the answer is that this business performance is the new norm for us as a company. With what we announced (in our Q3 financials), look for more.
To answer your question about the catalyst, we delivered a piece of technology that people questioned whether we could even do. I can walk through an entryway with a backpack, laptop, tablet, charger, metal water bottle, and smartphone. Now imagine yourself trying to walk through the TSA checkpoint with all those items. How long would it take you to get through? All the inspections, and we have all had that negative experience.
We’ve now deployed at numerous schools across the U.S., and it’s a massive market. There are 130,000 K-12 schools, about a US$20 billion market that we can uniquely serve, with every child walking in like there was nothing there. But if there is a gun or a knife, the system will specifically say there’s a gun in the backpack or a knife in the pocket, while 66 kids per minute are just walking in and going to class. There’s a tragedy that’s occurring in the U.S. with guns in schools. We can uniquely solve that problem with the innovation we brought to the market. And that’s the next big thing.
Jim Gordon: Peter, this is great stuff. Thank you for joining us.
Peter Evans: It’s a pleasure, Jim. Thank you for having me today.
About Xtract One Technologies Inc.
Xtract One Technologies (TSX: XTRA | OTCQX: XTRAF | FSE: 0PL) 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.
Learn more at xtractone.com.
