Xtract One Technologies more than doubles revenue as AI-powered screening helps make schools safer

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Peter Evans, CEO and Director of Xtract One Technologies Inc., discusses the company’s AI-powered weapons detection system, which screens people as they walk through an entrance…

Peter Evans, CEO and Director of Xtract One Technologies Inc. (TSX: XTRA | OTCQX: XTRAF | FRA: 0PL), discusses the company’s AI-powered weapons detection system, which screens people as they walk through an entrance without the slow, invasive experience of the walkthrough metal detectors most travellers know from the airport. The Toronto-based company’s goal is to help security teams identify guns, knives, and bomb-making parts while everyday items pass through, and as concerns about public safety continue to rise across North America, Xtract One is positioning itself to capitalize on growing demand for technology-driven threat detection in schools, workplaces, and healthcare facilities.

Unlike conventional walk-through metal detectors, Xtract One’s technology lets people pass through with a backpack, laptop, charger, or metal water bottle, often without knowing they are being screened. The system generally won’t alert on those items. According to Evans, “if you do have a gun, a knife, or bomb-making parts, it will flag those, identify the specific item, and tell security personnel this gentleman has a gun in his backpack.” This approach keeps entry frictionless while directing security staff to genuine threats, and Evans says it is driving a lot of interest in the business.

With safety concerns reshaping how schools and other facilities manage entry, Xtract One is strategically positioned to capture emerging demand. Evans points to roughly 130,000 K-12 schools in the U.S. as a core opportunity for the Xtract One Gateway, which he says has seen fantastic market adoption. In its first full year of commercialization, the Gateway now contributes about 50% of the company’s bookings and, in the last fiscal year, about a third of its revenues, according to Evans. The company continues to see accelerated growth for the platform, particularly in schools. Xtract One is also building a recurring revenue model that grows alongside its installed base of customers.

As Xtract One…

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