Omer, Israel, July 01, 2025 (GLOBE NEWSWIRE) -- Odysight.AI Inc. (Nasdaq: ODYS), a pioneering developer of AI systems for Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM), was added to the Russell MicrocapIndex, effective after the U.S. market opened on June 30 as part of the 2025 Russell indexes reconstitution. The annual Russell U.S. Indexes reconstitution captures the 4,000 largest US stocks as of Wednesday, April 30, ranking them by total market capitalization. Membership in the Russell ...

OMER, Israel, June 16, 2025 (GLOBE NEWSWIRE) -- Odysight.AI Inc. (Nasdaq: ODYS), a pioneering developer of AI systems for Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM), is pleased to announce the receipt of an initial order for its Predictive Health Monitoring (PHM) system, designed to monitor the condition of belts and cables used in cranes and elevators across key industrial sectors. Powered by advanced artificial intelligence (AI), this solution is expected to transform infrastructure ...

Omer, Israel, June 12, 2025 (GLOBE NEWSWIRE) -- Odysight.ai Inc. (Nasdaq: ODYS), a leading provider of visual based predictive maintenance (PdM) and condition-based monitoring (CBM) solutions, today announced it will participate in the 15th Annual ROTH London Conference taking place June 25–26, 2025, in London, U.K. Einav Brenner, Chief Financial Officer, will be available for one-on-one investor meetings on site both days. To schedule a meeting, please contact your ROTH representative. About the ROTH Londo ...

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]

Core Insights - Odysight.ai Inc. reported significant growth in revenues and a strong cash position, indicating progress in its business strategy and operational foundations [4][8][3] Financial Performance - Revenues for the three months ended March 31, 2025, were approximately $2.1 million, a substantial increase from $0.2 million in the same period in 2024, primarily due to a contract with a Fortune 500 medical company [4] - Cost of revenues increased to $1.5 million from $0.4 million year-over-year, driven by contract fulfillment costs and inventory impairment [5] - Gross profit was $0.6 million, reflecting a gross margin of 26%, compared to a gross loss of $0.2 million in the prior year [6] - Operating expenses rose to $5.1 million from $3.1 million, largely due to operational expansion and one-time uplisting expenses [7] - The net loss for the quarter was $4.3 million, compared to a net loss of $3.2 million in the same quarter of 2024 [7] Cash Position and Capital Raise - The company had a net cash position of approximately $37.2 million as of March 31, 2025, up from about $17.0 million a year earlier [2][8] - In February 2025, Odysight.ai uplisted to the Nasdaq Capital Market and raised gross proceeds of approximately $23.7 million through a public offering [8][9] Business Developments - The company has established partnerships, including one with Israel Railways to develop an AI-powered visualization system aimed at enhancing railway safety [9] - An initial purchase order was received from a European partner for a combined industrial solution utilizing Odysight.ai's technology [9] Backlog - The backlog as of March 31, 2025, was approximately $14.8 million, indicating future revenue potential [4][16]