Predictive Maintenance (PdM)
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Odysight.ai® Announces Dual Listing on the Tel Aviv Stock Exchange
Globenewswire· 2026-03-31 11:05
Core Viewpoint - Odysight.ai Inc. has received approval for dual listing on the Tel Aviv Stock Exchange (TASE), expected to commence trading on April 9, 2026, alongside its existing Nasdaq listing, aiming to broaden its investor base and enhance trading liquidity [1][2][3]. Company Overview - Odysight.ai is a developer of AI-based visual sensing solutions focused on predictive maintenance and condition-based monitoring, with significant operations in Israel and subsidiaries in Europe [5][6]. - The company utilizes advanced AI algorithms and miniature video sensors to provide real-time monitoring solutions across various sectors, including aviation, transportation, energy, and industrial [6]. Strategic Intent - The dual listing is intended to increase accessibility for both Israeli and international investors, thereby strengthening the company's presence in the Israeli capital market [3][4]. - The CEO emphasized that the dual listing reflects a commitment to enhancing shareholder value and increasing exposure to a diverse investor base [4][5]. Expected Outcomes - The company anticipates that the additional listing will lead to increased trading volumes and improved liquidity over time, allowing shares to be traded during local market hours and in local currency [5].
ODYSIGHT.AI ANNOUNCES BREAKTHROUGH PERFORMANCE OF NEXT-GEN OPTICAL SENSORS IN AEROSPACE OEM TRIALS IN SOUTH-EAST ASIA
Globenewswire· 2025-12-15 13:30
Core Insights - Odysight.ai Inc. has successfully developed high-temperature sustainable optical sensors that have passed rigorous trials with a major Southeast Asian Aerospace OEM, marking a significant advancement in visual sensing technology [1][5]. Technology and Performance - The sensor-based solution provided high-resolution imagery in challenging conditions, specifically within oil-filled environments, demonstrating the sensors' ability to operate at temperatures exceeding 100°C and maintain stable performance above 70°C [2][3]. - The miniature optical sensors and algorithms have been validated for their effectiveness in delivering precise visual data despite thermal stress and limited visibility, expanding their applicability to high-power industrial machinery and aerospace systems [3][4]. Market Applications - The technology is poised to enhance real-time visual monitoring and AI-driven predictive maintenance across various sectors, including aerospace, heavy industry, defense, and transportation, by enabling insights from previously inaccessible environments [5][6]. - Odysight.ai's innovations are expected to improve maintenance workflows in mission-critical sectors, contributing to safer and more efficient operations [5][6]. Company Overview - Odysight.ai, incorporated in Nevada with subsidiaries in Europe and Israel, specializes in Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM) markets, leveraging advanced visual sensing and AI-driven analytics [6]. - The company's technology has been deployed in projects with notable organizations such as NASA and the U.S. Department of Defense, showcasing its impact on system reliability and maintenance efficiency [6].
Odysight.ai Reports Financial Results for The Nine Months Ended September 30, 2025 and Provides Business Update
Globenewswire· 2025-11-13 13:10
Core Insights - Odysight.ai Inc. has reported financial results for the nine months ending September 30, 2025, indicating a transformative phase with a focus on growth and market adoption of its visual sensing and AI analytics technologies [1][3]. Financial Performance - Revenues for the first nine months of 2025 were approximately $2.6 million, a slight decrease from $2.7 million in the same period of 2024 [7][8]. - The cash balance as of September 30, 2025, was approximately $29.8 million, significantly up from $13.6 million a year earlier [12]. - The backlog stood at approximately $14.2 million as of September 30, 2025, with monetization expected to continue through 2026 and beyond [2][9]. Business Developments - The company has successfully transitioned from the medical device market to aerospace, transportation, and industrial sectors, with commercial aerospace revenues booked in 2025 [4]. - Key achievements include the first operational footprint in Europe with the Italian Air Force and the delivery of a vision-based monitoring system for the Heron TP UAV [4]. - Odysight.ai has signed a strategic partnership to integrate its predictive health monitoring system across various sectors, including defense and heavy vehicles [4]. Operational Highlights - The gross profit for the nine months ended September 30, 2025, was $0.7 million, reflecting a gross margin of approximately 27%, compared to a gross margin of 26% in the previous year [10]. - Operating expenses increased to $14.4 million, up from $9.4 million in the same period of 2024, primarily due to expansion efforts and marketing activities [11]. - The net loss for the nine months was $12.8 million, compared to a net loss of $8.2 million in the prior year [12].
ODYSIGHT.AI® REPORTS SUCCESSFUL TECHNOLOGY DEMONSTRATION ON AW139 LEONARDO HELICOPTER OPERATED BY ITALIAN AIR FORCE FLIGHT TEST UNIT
Globenewswire· 2025-10-20 12:30
Core Insights - Odysight.ai Inc. has successfully completed its first European flight test of the Odysight.ai TruVision® technology on an AW139 Leonardo helicopter operated by the Italian Air Force, marking a significant milestone in the company's expansion into Europe [1][2][4] Company Overview - Odysight.ai is a leading provider of visual-based Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM) solutions, with a focus on transforming critical systems across various sectors including Aviation & Aerospace, Transportation, Energy, and Industry [5] - The company leverages advanced visual sensing, real-time analytics, and AI-driven insights to enhance operational safety, efficiency, and reliability [5] Market Potential - The AW139 helicopter, a best-selling twin-engine platform, has a market potential of over 1,000 units in service worldwide, indicating significant opportunities for Odysight.ai's technology in both civil and defense applications [3] Strategic Partnerships - The flight test was conducted in collaboration with SIPAL, a prominent Italian engineering company, and the Italian Air Force Flight Test Unit, showcasing the company's ability to integrate its technology within established aerospace ecosystems [2][4] Future Outlook - The successful demonstration of Odysight.ai's technology on a European platform is expected to reinforce the company's transition towards predictive, data-driven maintenance solutions, further solidifying its presence in the European helicopter market [4]
ODYSIGHT.AI to Present at the LD Micro Main Event XIX on Monday, October 20, 2025
Globenewswire· 2025-10-15 12:30
Core Insights - Odysight.AI Inc. is a developer of AI systems focused on Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM) [1][3] - The CEO, Yehu Ofer, will present at the LD Micro Main Event XIX on October 20, 2025, in San Diego, CA [1] - The company offers video sensor-based solutions for critical systems in aviation, transportation, and energy industries [3] Company Overview - Odysight.AI leverages visual technologies and products from the medical industry to enhance its PdM and CBM offerings [3] - The company's unique video-based sensors and AI algorithms are designed for deployment in challenging environments and hard-to-reach locations [3] - The platform provides maintenance and operations teams with visibility into areas that are typically inaccessible or unsuitable for continuous monitoring [3] Investor Engagement - Yehu Ofer will be available for one-on-one investor meetings on October 20 and 21, 2025 [2] - Interested parties can schedule meetings through LD Micro or contact Miri Segal for arrangements [2]
ODYSIGHT.AI TO PARTICIPATE IN THE H.C. WAINWRIGHT 27TH ANNUAL GLOBAL INVESTMENT CONFERENCE
Globenewswire· 2025-08-27 12:30
Company Overview - Odysight.AI Inc. is a leading developer of AI systems for Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM) [3] - The company specializes in video sensor-based solutions for critical systems in the aviation, transportation, and energy industries [3] - Odysight.AI leverages technologies from the medical industry to enhance its offerings [3] Upcoming Events - Einav Brenner, the Chief Financial Officer, will participate in the H.C. Wainwright 27th Annual Global Investment Conference from September 8–10, 2025, in New York City [1] - An on-demand company presentation will be available to registered attendees starting September 5, 2025, at 7:00 a.m. ET [2] - Attendees can submit questions directly to management through the conference platform [2] Investor Engagement - Investors can schedule one-on-one meetings through their H.C. Wainwright representative or by contacting Miri Segal [2]
Odysight.ai to Participate in the 15th Annual ROTH London Conference on June 25 and 26
GlobeNewswire News Room· 2025-06-12 12:30
Company Overview - Odysight.ai Inc. is a leading provider of visual-based predictive maintenance (PdM) and condition-based monitoring (CBM) solutions [1][4] - The company utilizes video sensor-based solutions for critical systems in aviation, transportation, and energy industries, leveraging technologies from the medical field [4] Conference Participation - Odysight.ai will participate in the 15th Annual ROTH London Conference on June 25–26, 2025, in London, U.K. [1] - Einav Brenner, the Chief Financial Officer, will be available for one-on-one investor meetings during the conference [1] ROTH London Conference Insights - The ROTH London Conference serves as a platform for institutional investors to connect with executive leadership from around 70 growth-oriented companies across various sectors [2] - The event is designed to facilitate insightful dialogue through one-on-one and small group meetings, allowing investors to gain deeper insights into business strategies and sector trends [2] ROTH Investment Bank Overview - ROTH is a relationship-driven investment bank that supports growth companies and their investors, offering services such as capital raising, equity research, macroeconomic insights, and M&A advisory [3] - The bank aims to provide innovative and actionable content while supporting clients throughout their growth journey [3]
Odysight.ai Reports Financial Results for The First Quarter of 2025 and Provides Business Update
Globenewswire· 2025-05-15 12:05
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]