financetom
Business
financetom
/
Business
/
Xtract One Technologies Wins Security Contract With Automotive Manufacturer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Xtract One Technologies Wins Security Contract With Automotive Manufacturer
Oct 22, 2024 12:10 PM

07:44 AM EDT, 10/22/2024 (MT Newswires) -- Xtract One Technologies ( XTRAF ) said Tuesday that its AI-based security system has been chosen by a global automotive manufacturer to secure five of its North American facilities.

System deployment will start at the manufacturer's Tennessee and Ohio locations, with plans for future installation at more facilities, a statement said. The systems unobtrusively scans patrons for weapons and other prohibited items as they walk through.

"We're excited to be working with another major player, our fourth, in the automotive field and to be expanding our growing scope of innovative customers across different industries," said Xtract Chief Executive Peter Evans.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CFPB sues Comerica Bank over allegations of failing disabled and older Americans
CFPB sues Comerica Bank over allegations of failing disabled and older Americans
Dec 6, 2024
(Reuters) - Regional lender Comerica Bank faces allegations it systematically mistreated millions of mostly disabled and elder customers and could pay penalties under new civil enforcement action, the U.S. watchdog agency for consumer finance announced Friday. The Consumer Financial Protection Bureau said it was suing Comerica for failing 3.4 million Direct Express card holders -- who the agency said were...
Lee Enterprises, Perplexity Collaborate to Enhance Local Journalism With AI
Lee Enterprises, Perplexity Collaborate to Enhance Local Journalism With AI
Dec 6, 2024
10:12 AM EST, 12/06/2024 (MT Newswires) -- Lee Enterprises ( LEE ) said Friday it partnered with artificial intelligence search engine Perplexity as part of its publishers' program. This partnership demonstrates Lee's commitment to enhancing local journalism by utilizing AI to deliver content more effectively, foster deeper audience connections, and explore innovative revenue opportunities, according to the company. Price: 16.01,...
Organigram Acquires Motif Labs
Organigram Acquires Motif Labs
Dec 6, 2024
10:00 AM EST, 12/06/2024 (MT Newswires) -- Organigram Holdings ( OGI ) said Friday that it has acquired Motif Labs for upfront consideration of 90 million Canadian dollars ($63.7 million), comprising CA$50 million in cash and CA$40 million of Organigram ( OGI ) common shares. Motif shareholders will also be entitled to get additional contingent consideration of CA$10 million payable...
Victoria's Secret Lifts FY24 Guidance After Strong Q3: Sees Holiday Momentum
Victoria's Secret Lifts FY24 Guidance After Strong Q3: Sees Holiday Momentum
Dec 6, 2024
Victoria's Secret & Co. shares are trading higher after the company reported third-quarter results yesterday. Revenue rose 7% year over year (Y/Y) to $1.347 billion, beating the consensus of $1.294 billion. Total comparable sales for the quarter increased 3% Y/Y. Sales was led by mid-single digit growth in North America and 20+% growth from the International business. Adjusted operating loss stood at $28 million vs. loss...
Copyright 2023-2025 - www.financetom.com All Rights Reserved