Patriot One Technologies announced its intention to rebrand under a new name: Xtract One Technologies.
Patriot One is a provider of weapons detection and threat prevention technology with customers in a range of industries, including arenas and stadiums, manufacturing plants and government entities.
According to the Toronto-based company, the change showcases its “ability to be a single source of digital innovation solutions providing advanced patron experience, safety and business insights.”
“We have been developing the company over the past year to become even more customer-centric, and to address our customers’ most complex security issues. By leveraging innovative AI, our solutions are purpose-built to solve those customer issues,” said Peter Evans, CEO of Patriot One, in a statement. “I have been asked by many why the name ‘Xtract One.’ To me it perfectly captures what we do — taking the hundreds, if not thousands, of data points and extract from the ‘One’ critical insight that customers require to execute their business security requirements efficiently and effectively.”
The change will also see its AI and development arm, Xtract AI, become a fully integrated part of the organization.
Patriot One said it will provide an update on the timing of the name change, including any stock symbol changes.
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