Xtract One Technologies Inc (XTRAF)

[Cburg]

"Particular progress has been made on CMR-1 hardware configuration (i.e., with the Company’s 6th generation antenna) which has resulted in an advancement in performance and has allowed the Company to look to early stage pilot deployments of the CMR-1. Also, the Company is in the final stages of documentation for submission for relevant government approval with respect to its agreement in principle with the international defence contractor (see “Recent Developments”). If approved, this will be a significant milestone in unlocking a substantial multi-year co-funded innovation pipeline"