Predictive Maintenance
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Odysight.AI (Nasdaq: ODYS) Added to the Russell Microcap® Index
GlobeNewswire· 2025-07-01 12:30
Company Overview - Odysight.AI Inc. is a developer of AI systems for Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM) [1][4] - The company provides video sensor-based solutions for critical systems in aviation, transportation, and energy industries [4] - Odysight.AI leverages visual technologies and products from the medical industry to enhance its offerings [4] Market Position - Odysight.AI was added to the Russell Microcap Index effective June 30, 2025, which enhances its visibility with institutional investors [1][3] - Membership in the Russell Microcap Index is based on market capitalization rankings and remains for one year [2] - Russell indexes serve as benchmarks for approximately $10.6 trillion in assets as of June 2024 [3] Strategic Insights - The CFO of Odysight.AI, Einav Brenner, emphasized that inclusion in the Russell Microcap Index reflects the company's momentum since its Nasdaq listing in February [3] - The recognition is expected to underscore confidence in the company's long-term growth strategy [3] - The company aims to deliver innovation, value, and sustained performance for its stakeholders as it scales [3] Industry Context - FTSE Russell, the global index provider, calculates thousands of indexes that benchmark markets and asset classes globally [6] - Approximately $18.1 trillion is benchmarked to FTSE Russell indexes, indicating the significance of these indexes in the investment landscape [6]
ODYSIGHT.AI is strengthening its European Presence to Accelerate Industry 4.0: received Initial Order from Leading EU Player for AI-Driven industrial predictive health monitoring solutions"
Globenewswire· 2025-06-16 12:30
Core Insights - Odysight.AI Inc. has received an initial order for its Predictive Health Monitoring system aimed at monitoring belts and cables in cranes and elevators across key industrial sectors [1][4] - The AI-driven solution is expected to enhance infrastructure maintenance by improving performance, reliability, and safety while significantly reducing maintenance costs [2][5] - The system utilizes high-resolution cameras and machine learning algorithms for real-time monitoring, enabling early detection of faults and prediction of failures [3][6] Company Overview - Odysight.AI is a pioneer in the Predictive Maintenance and Condition-Based Monitoring markets, leveraging video sensor-based solutions for critical systems in aviation, transportation, and energy industries [7] - The company’s platform allows visibility into hard-to-reach locations and harsh environments, enhancing maintenance and operational capabilities [7] Strategic Collaboration - The partnership with a European industry leader marks a significant step for Odysight.AI, reflecting trust in its ability to deliver advanced solutions [4][6] - The collaboration aims to support smarter, safer, and more efficient infrastructure through real-time intelligence and operational resilience [4][6] Anticipated Benefits - Predictive maintenance and fault prevention through real-time monitoring and AI analytics are expected to extend asset lifespan and prevent critical failures [5][6] - Enhanced safety is anticipated due to continuous oversight of mechanical components, reducing risks for operators and end-users [5][6] - Operational efficiency improvements are expected from predictive insights that support streamlined scheduling and fewer unplanned outages [6]
Fluke Reliability and Treon Partner to Elevate Industrial Asset Performance with AI Diagnostics and IoT Sensors
Globenewswire· 2025-06-03 08:00
Core Insights - Fluke Reliability and Treon have formed a strategic partnership aimed at enhancing predictive maintenance and industrial asset performance through the integration of their technologies [1][2] - The collaboration combines Treon's wireless sensor technology with Fluke Reliability's AI diagnostics and predictive maintenance software, enabling customers to detect equipment failures before they occur and optimize maintenance schedules [1][2] Company Overview - Fluke Reliability, part of Fluke Corporation, provides tools, software, and AI-powered insights to help reliability and maintenance teams optimize asset performance, shifting from reactive to predictive maintenance [3] - Treon is a technology company focused on improving productivity and operational visibility through data-driven automation, with its platform Treon Connect enhancing operational efficiency across industries [4] Partnership Details - The integration of Treon Connect with Fluke Reliability's eMaint condition monitoring platform aims to create a seamless connection between screening, diagnostics, and predictive maintenance activities [2][5] - This partnership is expected to deliver a holistic reliability solution, maximizing asset performance and enabling operational excellence at scale [2][5] Benefits to Customers - Customers will benefit from a scalable solution that provides deeper insights into asset performance, improving decision-making and operational efficiency [2] - The partnership is designed to boost predictive maintenance performance through AI-driven insights, enhancing uptime and asset health [5]