Xtract One Technologies Inc (XTRAF)

[236T568]

actually, wrong

still the same as of a recent SEDAR filing by PTOTF as of about a week ago


http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032084


Successfully developing a prototype of CRM-1 into a marketable device may take several years and significant financial
resources, and the Company may not achieve this objective.

In order to commercialize any product, the Company will need to conduct trials, which may not succeed, and to
obtain regulatory approvals, which it may fail to do. Although presently uncertain, CMR-1 may need to comply with
regulatory compliance requirements prescribed for users of WTMDs. Like several other electronic devices,
WTMDs must meet certain environmental standards, FCC compatibility regulations and electrical safety
requirements. Furthermore, any detection equipment that is deployed for use at airports must comply with
guidelines prescribed by the TSA, the FAA and related international standards, regulations and test certifications.

The Company does not know and is unable to predict the nature and frequency of any trials the FCC, TSA and FAA
will require the Company to conduct before granting any necessary approvals. The development programs may not lead to a commercial product, either because of the failure to demonstrate that product candidates are safe and effective in trials or the failure to obtain necessary approvals from the FCC, TSA, FAA and/or similar foreign
regulatory agencies or due to inadequate financial or other resources to advance product candidates through the trial process for successful commercialization

That was from April...it's already OBS with the recent FFC approval.