Xtract One Technologies, who took home Double ‘ASTORS’ in the AST 2022 Homeland Security Awards Program, is pleased to announce that Madison Square Garden Sports Corp. (MSG Sports), will invest up to US$10 million in Xtract One, a leading security technology company that prioritizes the patron access experience by leveraging AI.
Xtract One’s SmartGateway solution delivers fast, reliable, and accurate patron screening for high throughput venues, replacing intimidating metal detectors.
This solution unobtrusively scans patrons for guns, knives, and other prohibited items as they enter your facility, using AI-powered sensors to detect threats without invading the sense of privacy and comfort of your patrons.
The system is ideal for stadiums and other ticketed venues that need to get thousands of people in quickly, safely, and in alignment with security standards requirements.
(For example, see how the Moody Center, a new world-class arena in Austin Texas, keeps crowds moving with Xtract One’s Fast and Frictionless Patron Screening. Courtesy of Xtract One Technologies and YouTube. Posted on Dec 1, 2022.)
The initial MSG Sports investment of US$6.3 million is effective immediately, with the subsequent investment of US$3.7 million being conditional on the approval of Xtract One’s shareholders and all applicable regulatory approvals.
The Investment is comprised of the sale of up to 31,925,595 units comprised of one common share of Xtract One and one Common Share purchase warrant, exercisable for a period of five years following the date of its issuance.
All securities issued under the Investment will be subject to Canadian resale restrictions of four months and one day, in addition to applicable U.S. resale restrictions. No commission or fee is or will be paid in connection with the Investment.
The Units issued pursuant to the Investment have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements.
The initial and proposed subsequent equity Investment will enable Xtract One to further innovate its advanced security solution and accelerate its growth into new market segments.
Xtract One is transforming perimeter screening and security, replacing obsolete walk-through metal detectors with a fast, frictionless entry experience, while simultaneously providing a security solution that delivers exceptional experiences and safer environments.
“We are thrilled to announce this investment and partnership with MSG Sports,” explains Peter Evans, CEO of Xtract One.
“We continue to see impressive growth in market interest and customer adoption of our security technology solutions.”
“I believe this relationship will create unique opportunities and benefit multiple industries.”
(Learn More about Xtract One from CEO Peter Evans. Courtesy of Xtract One Technologies and YouTube. Posted on Dec 1, 2022.)
Xtract One will hold a special meeting of shareholders to obtain disinterested shareholder approval of the second tranche of the Investment, currently scheduled for April 11, 2023.
Xtract One Technologies, (formerly Patriot 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 Smart 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.
To learn more, please visit www.xtractone.com.
Xtract One Technologies Wins Two in 2022 ‘ASTORS’ Homeland Security Awards
American Security Today’s Annual ‘ASTORS’ Awards is the preeminent U.S. Homeland Security Awards Program, and now entering its Eighth Year, continues to recognize industry leaders of Physical and Border Security, Cybersecurity, Emergency Preparedness – Management and Response, Law Enforcement, First Responders, as well as federal, state and municipal government agencies in the acknowledgment of their outstanding efforts to Keep our Nation Secure.
Xtract One Technologies (First of Two)
Best Metal/Weapons Detection Solution (**Tie)
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Xtract One Technologies (formerly Patriot One Technologies) Gateway solution is a next-generation weapons detection solution that is being used at high-traffic and ticketed facilities such as stadiums, casinos, and other entertainment venues for a secure and seamless patron entry experience.
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Replacing traditional walk-through metal detectors, the Smart Gateway does much more than detect metal – it detects weapons to prevent mass casualty events.
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When placed at the entrance to entertainment events, such as professional sports games, the Gateway allows patrons to complete security screenings by just walking through the pillars, without needing to divest of personal items, and by using AI-powered enhanced target recognition and object position image sensors, it scans patrons for guns, knives, and other prohibited items and weapons, and then alerts security guards if a weapon is detected so action can be taken.
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This next-generation security tool not only enhances physical security at an event but elevates the patron and fan experience. Fans hate waiting in long security lines to get inside a venue, and they hate intrusive screenings even more. With the Gateway, fans don’t need to empty their pockets – they can walk in.
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Therefore the vast majority of the people who aren’t carrying weapons won’t need to stop at all, increasing throughput and decreasing the number of people waiting outside in lines.
(Say goodbye to metal detectors and invasive pat-downs. Patriot One’s unobtrusive patron screening system allows large facilities and locations with high-security requirements to facilitate faster entry security screening while enhancing safety beyond the capabilities of any other existing solution. Courtesy of Patriot One Technologies and YouTube.)
Xtract One Technologies (Second of Two)
Best Pedestrian Entrance Control
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In multiple third-party assessments, it was found that Xtract One’s Gateway solution performed better than traditional walk-through metal detectors: detected more weapons than traditional detectors, showing a more secure, and safer experience for fans, staff, and all who attend a large event.
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Additionally, with the Great Resignation still leaving fewer security guards on job sites than before, it’s paramount to have a security solution that doesn’t require an abundance of guards to operate.
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Xtract One’s Gateway requires only one to two guards needed to monitor two lanes of the Gateway, and with fewer people needed to staff the technology, any extra guards can be redeployed to other high-value tasks, such as responding to security incidents around the venue. This optimizes staffing within these venues, and gives guards actionable information so their jobs are elevated.
(Patriot One’s newest Multi-Sensor Gateway, SmartGateway, has been designed specifically for stadiums and other large ticketed venues, to provide a smoother, safer, and more modern system to secure employee and patron entrances. Courtesy of Patriot One and YouTube.)
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Extract One’s Gateways are also very customizable because a one-size-fits-all solution is not feasible across industries, so Patriot One works with each venue and safety director to tailor the solution to fit these needs, even within the same venue.
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*Extract One is a new competitor to the 2022 ‘ASTORS’ Awards.
Homeland Security remains at the forefront of our national conversation as we experience an immigration crisis along our southern border and crime rates that are dramatically higher than before the Pandemic across the United States.
These challenges have become a national priority with an influx of investments in innovative new technologies and systems.
Enter American Security Today, the #1 publication and media platform in the Government Security and Homeland Security fields, with a circulation of over 75,000 readers and many tens of thousands more who visit our AST website at www.americansecuritytoday.com each month.
The pinnacle of the Annual ‘ASTORS’ Awards Program is the Annual ‘ASTORS’ Awards Ceremony Luncheon Banquet, an exclusive, full-course plated meal event, in the heart of New York City.
This year’s exclusive sold-out ‘ASTORS’ luncheon featured representatives of law enforcement, public safety, and industry leaders who came together to honor the selfless service of those who stand on the front lines, and those who stand beside them – providing the capabilities and technologies to create a safer world for generations to come.
This year marks the 20th anniversary of the Department of Homeland Security (DHS), which came out in force, to discuss comprehensive collaborations between private and public sectors that have led to the development of intelligence and technologies which serve to protect our nation.
The continually evolving ‘ASTORS’ Awards Program emphasized the trail of Accomplished Women in Leadership in 2022, as well as the Significance and Positive Impact of Advancing Diversity and Inclusion in our Next Generation of Government and Industry Leaders.
The keynote address was provided by U.S. Customs and Border Protection (CBP) Office of Field Operations (OFO) Deputy Executive Assistant Commissioner (DEAC) Diane Sabatino, who described the changes to CBP through the tragedy of 9/11 and the relentless commitment to its mission and ongoing investment in the latest technologies and innovations to protect our borders and Homeland.
The resounding theme of the DEAC’s remarks was her pride in the women and men of the CBP and their families who support them.
AST was also joined by Legendary Police Commissioner William Bratton, who spoke, as always, about his love for the City of New York, the Profession of law enforcement to which he has dedicated his life, and for which he continues to drive thought leadership and innovation.
New York City Police Department (NYPD) Chief of Department Kenneth Corey, came out to address Luncheon attendees and shared some of his experiences and the changes in policing he’s witnessed over his more than three decades of service.
FDNY Chief Joseph Jardin honored the men and women of the FDNY, not only those who currently serve but all of those who have selflessly served, with special recognition of those lost on 9/11.
Chief Jardin spoke about the continuing health battle of many following 9/11 with cancer and respiratory disease, yet now knowing the full consequences, would not have made a different decision to respond.
As Chief Jardin noted, mission-driven service is in the lifeblood of every firefighter, volunteer and sworn and has been so throughout the history of the Fire Service.
Former head of the FBI’s active shooter program, Katherine Schweit joined AST to sign complimentary copies of her book, ‘STOP THE KILLING: How to End the Mass Shooting Crisis,’ thanks to the generosity of our 2022 ‘ASTORS’ Awards Sponsors.
The 2022 ‘ASTORS’ Awards Program was Proudly Sponsored by NEC National Security Systems (NSS), ATI Systems, Automatic Systems of America, guardDog AI, Fortior Solutions, IPVideo Corporation, Rajant Corporation, RX Global, and SIMS Software!
We were pleased to welcome the esteemed New York City Fire Department (FDNY); the New York City Police Department (NYPD); and the NYC Hospital Police, as well as Executive Management from the U.S. Cybersecurity and Infrastructure Security Agency (CISA), and many other DHS agencies, Federal law enforcement agencies, and private/public partnerships such as the National Association of Women Law Enforcement Executives (NAWLEE), the 30×30 Initiative, a coalition of professionals advancing the representation of women in policing; and Operation Lifesaver, Inc. (OLI) (rail safety advocates).
The prestigious Annual ‘ASTORS’ Homeland Security Awards Program highlights the most cutting-edge and forward-thinking security solutions coming onto the market today, to ensure our readers have the information they need to stay ahead of the competition and keep our Nation safe – one facility, street, and city at a time.
In 2022 over 240 distinguished guests representing Federal, State, and Local Governments, and Industry Leading Corporate Firms gathered from across North America, Europe, and the Middle East to be honored among their peers in their respective fields.
Each year, to keep our communities safe and secure, security dealers, installers, integrators, and consultants, along with corporate, government, and law enforcement/first responder practitioners, convene in New York City to network, learn and evaluate the latest technologies and solutions from premier exhibiting brands at ISC East, the Natural Disaster & Emergency Management Expo (NDEM EXPO), and the ASIS NYC Expo.
ISC East is the Northeast’s leading security & public safety event, hosted in collaboration with sponsor Security Industry Association (SIA) and in partnership with ASIS NYC.
Corporate firms, the majority of which return year to year to build upon their Legacy of Wins, include:
Advanced Detection Technologies, AMAROK, ATI Systems, Axis Communications, Automatic Systems, BriefCam, Canon U.S.A., Cellbusters, CornellCookson, CyberArk Fortior Solutions, guardDog.ai, Hanwha Techwin of America, High Rise Escape Systems, IPVideo Corporation, Konica Minolta Business Solutions, NEC National Security Systems, NICE Public Safety, OnSolve, PureTech Systems, Quantum Corporation, Rave Mobile Safety, Regroup Mass Notification, Robotic Assistance Devices, Rajant Corporation, SafeLogic, Select Engineering Services LLC, Singlewire Software, SolarWinds Worldwide, Teledyne FLIR, Valor Systems, and West Virginia American Access Control Systems, just to name a few!
Why American Security Today?
The traditional security marketplace has long been covered by a host of publications putting forward the old-school basics to what is Today – a fast-changing security landscape.
American Security Today is uniquely focused on the broader Homeland Security & Public Safety marketplace with over 75,000 readers at the Federal, State, and local levels of government as well as firms allied to the government.
American Security Today brings forward a fresh compelling look and read with our customized digital publications that hold readers’ eyes throughout the story with cutting-edge editorial that provides solutions to their challenges.
Harness the Power of the Web – with our 100% Mobile Friendly Publications
AST Digital Publications are distributed to over 75,000 qualified government and homeland security professionals, in federal, state, local, and private security sectors.
‘PROTECTING OUR NATION, ONE CITY AT A TIME’
AST Reaches both Private & Public Experts, essential to meeting these new challenges.
Today’s new generation of public safety and security experts need real-time knowledge to deal with domestic and international terrorism, lone wolf attacks, unprecedented urban violence, shifts in society, culture, and media bias – making it increasingly difficult for Homeland Security, Law Enforcement, First Responders, Military and Private Security Professionals to implement coordinated security measures to ensure national security and improve public safety.
These experts are from Government at the federal, state, and local levels as well as from private firms allied to the government.
AST provides a full plate of topics in our AST Monthly Magazine Editions, AST Website, and AST Daily News Alerts, covering 23 Vital Sectors such as Access Control, Perimeter Protection, Video Surveillance/Analytics, Airport Security, Border Security, CBRNE Detection, Border Security, Ports, Cybersecurity, Networking Security, Encryption, Law Enforcement, First Responders, Campus Security, Security Services, Corporate Facilities, and Emergency Response among others.
AST has Expanded readership into integral Critical Infrastructure audiences such as Protection of Nuclear Facilities, Water Plants & Dams, Bridges & Tunnels, and other potential targets of terrorism.
Other areas of concern include Transportation Hubs, Public Assemblies, Government Facilities, Sporting & Concert Stadiums, our Nation’s Schools & Universities, and Commercial Business Destinations – all enticing targets due to the large number of persons and resources clustered together.
To learn more about ‘ASTORS’ Homeland Security Award Winners solutions, Be On the LookOut for the 2022 ‘ASTORS’ CHAMPIONS Edition Fully Interactive Magazine – the Best Products of 2022 ‘A Year in Review’.
The Annual CHAMPIONS edition includes a review of ‘ASTORS’ Award Winning products and programs, highlighting key details on many of the winning firm’s products and services, including video interviews and more.
It will serve as your Go-To Source throughout the year for ‘The Best of 2022 Products and Services’ endorsed by American Security Today, and can satisfy your agency’s and/or organization’s most pressing Homeland Security and Public Safety needs.
From Physical Security (Access Control, Critical Infrastructure, Perimeter Protection, and Video Surveillance Cameras and Video Management Systems), to IT Security (Cybersecurity, Encryption, Data Storage, Anti-Malware, and Networking Security – to name a few), the 2021 ‘ASTORS’ CHAMPIONS EDITION will have what you need to Detect, Delay, Respond to, and Mitigate today’s real-time threats in our constantly evolving security landscape.
It will also include featured guest editorial pieces from some of the security industry’s most respected leaders, and recognized firms in the 2022 ‘ASTORS’ Awards Program.
For more information on All Things American Security Today, as well as the 2023 ‘ASTORS’ Awards Program, please contact Michael Madsen, AST Publisher at mmadsen@americansecuritytoday.com.
AST strives to meet a 3 STAR trustworthiness rating, based on the following criteria:
- Provides named sources
- Reported by more than one notable outlet
- Includes supporting video, direct statements, or photos
