I had a great conversation with @XtractOne CEO Peter Evans on their new One Gateway. Check it out to see how they are using AI to keep weapons out of schools!
https://t.co/bCR8vnkCFq
Xtract One announces that it has closed its previously announced “bought deal” public offering conducted by a syndicate of underwriters led by Stifel Canada, with the over-allotment option exercised in full.
Read the full release here - https://t.co/9JTiXCf4EC
NCS4 (probably the most comprehensive) shows Xtract One is overwhelmingly better.
NBA minimum sensitivity settings and analysis shows Xtract One is clearly better.
TSA and John’s Hopkins test and added it to the TSA’s list of approved technologies. I don’t believe Evolv Express is on there.
IPVM has spoken more positively about the Smart Gateways capabilities in their testing and analysis although full details are behind a large paywall.
Ok so just to be clear your “evidence” is anecdotal accounts from unnamed customers and booking numbers?
I mean I get that these can give you some insights into potentially which tech and it’s important to take into account as an investor, but you have to admit that when specifically evaluating the capabilities and vulnerabilities of each product that the gold standard of evidence is imperial data and accredited third party testing. The imperial al data shows that Xtract One has the better tech, and while they may be a younger company without the brand recognition that Evolv has built recently momentum implies that customers are starting to notice the difference.
Keep an eye on Xtract’s Q4 and Q1 booking numbers that we’ll get later in October and December. I’m willing to bet they have at least double the bookings growth of Evolv or more.
The Smart Gateway is geared for high throughput/low clutter environments like stadiums, arenas, and other entertainment spaces where people usually aren’t carrying much on them. Same thing goes for Evolv Express and Ceia Opengate.
The One Gateway on the other hand is a complete game changer for schools, corporate settings, and even hospitals.
The reason is that the One Gateway is the only product on the market that will not consistently falsely alert on laptops, tablets, 3 ring binders, and other items commonly carried by students and office workers. All other weapons detection systems will alert on these items almost 100% of the time. This is why schools using Evolv and Ceia have to have their studying take these items out of their backpacks or use X-ray machines.
With the One Gateway everybody just walks right in.
@ParisAnalyst@Growth_N_Value I’m sorry but all the evidence I see points to far superior knife detection from Xtract One and continued struggles for Evolv.
@Growth_N_Value@ParisAnalyst To answer your question about copying though it’s hard to say. What I do know is that it’s been almost 5 years now and they haven’t done it.
It’s a good question. For one, Evolv has a bit of a first mover advantage not only from when they started selling but also from when they received DHS Safety Act certification. This gave them a huge boost in sports and entertainment because most major league require it.
They also have been more aggressive with their marketing (a little too aggressive according to the FTC) but it has paid off.
The other big reason for schools specifically is that it seems many schools don’t actually care as much about knives (at least for now). The best evidence for this is how prevalent Ceia Opengate has become in schools.
That said internationally Xtract One is seeing what seems to be a big advantage because many other countries have much stricter gun laws or have even outlawed them completely making knives the main issue.
Maybe I just haven’t checked enough venues but from my experience that’s definitely on the larger end. For example Honda Center near myself only allows
4” x 6” x 1.5”.
Either way the same idea applies. Bag checking (whether by humans or Xrays slows down lines significantly compared to the throughput of Smart Gateway. This makes it less of a cost benefit especially if you have to check “larger” bags and so it’s understandable that a venue would chose to stick with metal detectors for those lines to be more cost effective. It’s likely some venues choose to do similar things when installing Evolv or Ceia especially considering that many of these venues may keep some metal detectors in reserve for backups or certain events.
I think you may have misunderstood the answer from Xtract One.
Before Madison Square Garden started using Smart Gateways all lanes were metal detectors. They replaced almost all of those with Smart Gateways but decided to stick with the Garrett metal detectors for the bag lines.
Then later on Garrett upgraded those few remaining metal detectors which was the post that you referenced from Garrett.
So the Smart Gateways did replace the metal detectors used for the majority of fans walking in. Madison Square garden is unique as it is one of the few arenas that allows large bags mostly because of the travel hub that New York is.
So in this instance it made sense to keep the slower paced cheaper systems to match the pace of the bag screeners because they wouldn’t really get the benefit of the speed your paying for with a weapons detection system if people have to wait for their bags anyways.
@stoic_point@ParisAnalyst In some cases metal detectors or wands can be used as a secondary screening. This is another way to make sure that any secondary screening (which is necessary with any weapons screening system) does not disrupt the flow of the rest of the people coming into the building