Xtract One Technologies has announced its next phase of growth, with an international expansion.
The company says that it has successfully landed contracts with three significant multi-national companies, including a global entertainment organization, for the deployment of its SmartGateway solution at their venues.
This three-year deal, totaling over $5.1 million, includes hardware, software, installation and support components.
Over the past six months, Xtract One says that it has established the necessary requirements for international expansion and is now expanding beyond its core North American market, effectively responding to international demand for its solutions.
The focus has been on ensuring product fit and function to serve unique international requirements, completing certification activities and establishing key channel partners to provide selling and support services.
“Over the past two years, we’ve been committed and focused on mitigating the pressing issue of weapon threats in North America, staying hyper-focused on serving our target market well and establishing Xtract One as a well-recognized provider of weapons detection solutions,” said Peter Evans, CEO of Xtract One.
“We have unique differentiators to other solutions in the market, specifically our ability to detect knives with a high degree of accuracy.
“This separates Xtract One and the SmartGateway as the key provider of solutions to the international markets where knives, not firearms, are the prevalent concern. Today, we’re taking our innovative solutions to the global stage…
“For geographical growth this means moving into international markets when significant ‘anchor’ accounts have been won and we can build the business on top of those key customers.
“I am proud to say that we have established those wins with significant global customers who have deployed or are deploying our solutions today.
“Our strategic collaborations with these major multi-national businesses have been instrumental in navigating the intricacies of international regulations, certifications and operations.
“These partnerships serve as a solid foundation for our pragmatic global expansion.”