Company: Xtract One (formerly called Patriot One) Product: Xtract One SmartGateway What it looks like: Two thinner square poles, about four or five feet in height. Some systems have been customized to add additional components. How it works: People walk between gates in single file. Devices can be kept in bags or pockets. Alerts are provided by sound and by...
Weapons detection technology provider Xtract One announced a fund-raising agreement with the investment arm of Madison Square Garden Sports Corp. under which MSG Sports may eventually own as much as 28 percent of Xtract One's stock. The two-part deal includes an initial investment of $6.3 million by the venture-funding arm of MSG Sports, with a follow-on investment of $3.7 million...