About Patriot1 Tech
Patriot1 Tech is a publicly listed company based in Mississauga (Canada) founded in 2016. Weapon detection is enabled by an online public safety platform. It operates in the Government & Social Sector, Industrial Goods & Manufacturing, and Professional & Legal Services sectors. The company has 69 employees. Patriot1 Tech has completed 2 acquisitions, including EhEye and Xtract AI. Patriot1 Tech offers products and services including SmartGateway, Xtract One Gateway, and Xtract One View. Its focus areas include Enterprise Applications, GovTech, Public Service Delivery and Public Safety Management.
Company details
Online public safety management platform for weapon detection. It provides users with a concealed weapons detection system using cognitive microwave radar technology in collaboration with McMaster University and NATOs Science for peace and security program. It uses AI technology for detecting threats such as weapons and crowd disturbances. It operates in the 500 MHz to 5 GHz frequency range and does not require a line of sight to detect concealed weapons.
- Headquarters Mississauga, Canada
- Employees 69
- Stage Public
- SectorsGovernment & Social SectorIndustrial Goods & Manufacturing Professional & Legal Services
- Website patriot1tech.com
- Social LinkedIn X Facebook YouTube
- Legal Name Xtract One Technologies Inc
Products & Services of Patriot1 Tech
Patriot1 Tech offers a comprehensive portfolio of products and services, including SmartGateway, Xtract One Gateway, and Xtract One View.
AI-powered solution for fast, reliable patron screening in high-throughput venues.
System designed for medium-volume environments to detect threats without bag checks.
Cloud-based tool for overseeing and managing security operations remotely.
Apps and channels of Patriot1 Tech
its YouTube channel Xtract One Technologies has 488 subscribers and 21 videos.
Videos from Patriot1 Tech
The most watched videos on Patriot1 Tech's YouTube channel, Xtract One Technologies (488 subscribers). Click a video to play it here.
More on Xtract One Technologies.
Funding Insights of Patriot1 Tech
- Total Rounds 7
- Last Round Post-IPO — $5.12M
- First Round $181,228
(Nov 2016)
- Investors Count 1
All 7 funding rounds of Patriot1 Tech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $5.12M | Post-IPO | – | – | – |
| Nov 2021 | $2M | Post-IPO | – | – | |
| Nov 2018 | $46M | Post-IPO | – | – | – |
| Oct 2018 | $30.5M | Post-IPO | – | – | – |
| Feb 2018 | $25.3M | Post-IPO | – | – | – |
| Oct 2017 | $11.52M | Post-IPO | – | – | – |
| Nov 2016 | $181,228 | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Patriot1 Tech
Patriot1 Tech has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include RTX.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Defense and aerospace systems are manufactured and developed by RTX. | 1922 | rtx.com | United States |
Investor details for Patriot1 Tech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Patriot1 Tech
20 people are tracked at Patriot1 Tech (3 in leadership, 14 in board & advisors, 3 in team); the tracked headcount is 69.
| Name | Role | Group |
|---|---|---|
Peter Evans | CEO & Director | Leadership |
Karen Hersh | CFO & Corporate Secretary | Leadership |
Gary Taube | VP Finance | Leadership |
John Gillies | Director | Board & advisors |
Robert Stiles Harward Jr. | Senior Advisor | Board & advisors |
Lea Ray | Director | Board & advisors |
Tom Ridge | Senior Advisor | Board & advisors |
Al Treddenick | Senior Advisor | Board & advisors |
Peter Van Der Gracht | Chairman | Board & advisors |
Victoria Calvert | Director | Board & advisors |
Natalia K. Nikolova | Senior Advisor | Board & advisors |
Jamie Hamilton Graham | Senior Advisor | Board & advisors |
Andrew Brear | Senior Advisor | Board & advisors |
Karl Wagner | Senior Advisor | Board & advisors |
Michael Rozin | Senior Advisor | Board & advisors |
Ward Elcock | Senior Advisor | Board & advisors |
William Maginas | Director | Board & advisors |
Robert Lex | SVP Operations | Team |
Phil Lancaster | SVP Business Development & Government Relations | Team |
Paul Rice | SVP Engineering & Radar Systems | Team |
Complete people profiles for Patriot1 Tech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Patriot1 Tech
Patriot1 Tech is a publicly listed company on the TSX with ticker symbol XTRA in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date22 Aug 2016
- Listed onTSX-V: PAT
- Listed entityXtract One Technologies Inc
- Exchange sectorTechnology services
- ISINCA98422Q1063
- Share price0.53 CAD (-1.85% on the day) · 2026-10-13
- Market capitalisation137,761,821.00 CAD
- EPS (diluted, trailing year)-0.04 CAD
- Volume (last session)97,405
Financials of Patriot1 Tech
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 13.8M CAD | -11.9M CAD | -9.7M CAD |
| 2024 | 16.4M CAD | -11.1M CAD | -9.2M CAD |
| 2023 | 4.1M CAD | -16.3M CAD | -14.6M CAD |
| 2022 | 3.6M CAD | -39.7M CAD | -12.7M CAD |
| 2021 | 1.1M CAD | -16.6M CAD | -11.0M CAD |
Detailed financial statements for Patriot1 Tech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Patriot1 Tech
Patriot1 Tech has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include EhEye and Xtract AI.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Developer of platform for deep neural network based AI models | xtract.ai | Vancouver, Canada | 2016 | Sep 2019 | $4.55M | |
AI-based video analysis platform | eheye.com | Saint John, Canada | 2016 | Jan 2019 | $3.2M |
Complete acquisition details for Patriot1 Tech
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
- Exports
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Timeline of Patriot1 Tech
6 dated milestones of Patriot1 Tech across 6 years, from founding to its latest funding, stage changes and deals.
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Related news about Patriot1 Tech
Complete news archive for Patriot1 Tech
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Frequently Asked Questions about Patriot1 Tech
Patriot1 Tech was founded in 2016.
Patriot1 Tech is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Patriot1 Tech has 69 employees.
Annual revenue of Patriot1 Tech is $10.01M as on Jul 31, 2025.
Online public safety management platform for weapon detection. It provides users with a concealed weapons detection system using cognitive microwave radar technology in collaboration with McMaster University and NATOs Science for peace and security program. It uses AI technology for detecting threats such as weapons and crowd disturbances. It operates in the 500 MHz to 5 GHz frequency range and does not require a line of sight to detect concealed weapons.
Patriot1 Tech offers SmartGateway, Xtract One Gateway, and Xtract One View.
Yes, Patriot1 Tech is publicly traded on TSX under the ticker symbol XTRA.
Patriot1 Tech has 1 investor. Key investors include RTX.