Micro Cap Lands $2.6M Follow-On Contract, Breaks Two-Year Downtrend

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Thursday, August 14, 2025

Follow-on orders are a strong indicator of a product or service’s quality. Today, a micro-cap company announced one, sending its shares higher and pushing the stock out of a more than two-year downtrend. When fundamentals and technicals align, investors should pay attention.

Xtract One Technologies (TSX: XTRA) (OTCQX: XTRAF) announced this morning that the company has secured a US$2.6 million follow-on contract to expand its SmartGateway security system at a major global entertainment venue, building on its original 2023 installation worth over US$5.1 million. Scheduled for deployment in 2026 alongside the venue’s planned upgrades, the project will broaden Xtract One’s presence and enhance safety measures for guests. 

“Working together for two years now, we’re honored to continue strengthening our partnership with this landmark destination to further showcase the efficacy of our weapons detection technology on a global scale,” said Peter Evans, CEO of Xtract One. “International growth is a core focus for us, and this expansion project – with such a prominent organization – underscores the value of our solutions for key players around the world, provides another strong reference account, and ensures the safety and outstanding experiences for the more than 25 million patrons who visit the venue annually. I believe this is the single largest deployment of any solution globally. As more organizations across the world adopt tech-driven security solutions — particularly those that address the critical need for accurate knife detection — we look forward to further expanding our international customer base and showcasing SmartGateway as a viable solution for all venue security needs.”

Shares of XTRA are up 5.56% at $0.57 while their U.S. listing (XTRAF) is up 7.61% at $0.418 in mid-morning trading.

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