Xtract AI News
Patriot One Technologies has announced it was awarded a contract worth nearly US$ 1 million CAD with Canada’s Department of National Defence (DND), to further develop an artificial intelligence (AI)-enabled full motion video analytics application. This technology will be used to detect, classify and track objects and events of interest, initially for DND applications, and in the future across multiple domains. As an innovative piece of AI-powered intellectual property, Patriot One will le...
Patriot One Technologies Inc., developer of the PATSCAN Multi-Sensor Covert Weapon Detection Platform, is pleased to announce the acquisition of XTRACT Technologies Inc. and all its related interests, assets, and intellectual property for consideration of $6,000,000 and the issuance of 9,422,956 Patriot One common to XTRACT's former shareholders. Subject to certain exceptions based on the business of the Company or the performance of the Company's common share price, the Consideration Shares wi...
