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Cloudastructure Secures Largest Contract in Company History with Global Real Estate Investment Firm
Globenewswire· 2025-05-07 13:00
Core Insights - Cloudastructure, Inc. has secured its largest customer contract in history with a premier global real estate investment firm, marking a significant milestone in the company's growth trajectory [1][3] - The client is a leader in luxury multifamily development, and Cloudastructure will provide AI-powered surveillance solutions for a flagship Class-A high-rise property in Houston, Texas [2][3] - The agreement highlights the increasing demand for cloud-based, AI-driven surveillance solutions in the real estate sector, with Cloudastructure deploying a full suite of security solutions for 24/7 monitoring and real-time threat response [3][4] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and offers a scalable cloud-based security platform featuring advanced AI/ML analytics and remote guarding solutions [5] - The company's platform allows for proactive, end-to-end security, with a value proposition that includes contract-free, month-to-month pricing and unlimited 24/7 support [5] - Cloudastructure claims to achieve up to a 75% lower Total Cost of Ownership compared to other systems, enhancing situational awareness and crime prevention [5] Industry Trends - The contract signifies a shift in the real estate industry's approach to physical security, moving from traditional CCTV and guards to scalable, AI-driven solutions [4] - There is rising investor confidence in AI-powered surveillance technologies, particularly among institutional owners managing Class A and B assets [4] - The deployment of intelligent surveillance is becoming critical in luxury real estate, reinforcing the importance of advanced security measures in high-end developments [2][4]
Liberty Defense Completes Third Party Testing with National Safe Skies Alliance for Aviation Security
Globenewswire· 2025-05-06 11:56
Core Insights - Liberty Defense Holdings Ltd. has successfully completed operational testing of its HEXWAVE™ detection system at a major Category X airport in the US, enhancing security against prohibited weapons and threats [1][2]. Company Overview - Liberty Defense specializes in AI-based detection solutions for high-traffic areas requiring enhanced security, such as airports, stadiums, and schools [5]. - The HEXWAVE product is a contactless threat detection system capable of identifying both metallic and non-metallic objects, streamlining the security process for operators [2][5]. Technology and Testing - The HEXWAVE system utilizes advanced AI to automate decision-making for security personnel, allowing for faster processing of individuals [2]. - The National Safe Skies Alliance conducts independent evaluations of security systems, ensuring their reliability and effectiveness under real operational conditions [3][4]. Strategic Partnerships and Goals - Liberty Defense collaborates with Safe Skies for independent assessments to continuously improve HEXWAVE's performance through AI advancements and software updates [4]. - The company aims to expand HEXWAVE deployments across U.S. airports to comply with TSA screening mandates for aviation workers, focusing on both metallic and non-metallic threat detection [4]. Product Features - HEXWAVE offers mobility, enabling airports to reposition the system across various access points, which enhances flexibility and reduces capital expenditures [4]. - Liberty has secured exclusive licenses for advanced technologies, including active 3D radar imaging and millimeter wave-based body scanners, to enhance its security solutions [5].
Cloudastructure Partners with National Affordable Housing Leader for Ai-Driven Security
Globenewswire· 2025-04-29 13:00
Core Insights - Cloudastructure, Inc. has partnered with a leader in affordable housing to enhance security in multifamily communities in Atlanta, marking the first phase of a nationwide security modernization initiative [1][5] - The affordable housing sector, with over 11 million renter households in the U.S., is under pressure to ensure safety and operational efficiency while managing limited resources [2] - Cloudastructure's AI Surveillance platform offers real-time detection and deterrence, achieving a 97% average deterrence rate since 2023, reducing reliance on on-site guards and liability claims [3] Company Overview - Cloudastructure's platform utilizes a scalable cloud-based architecture featuring AI/ML analytics and remote guarding solutions, enabling proactive security and a lower Total Cost of Ownership by up to 75% compared to other systems [6] - The company aims to address the underserved affordable housing market within the $3.5 trillion U.S. multifamily industry, presenting opportunities for PropTech solutions that enhance security and operational efficiency [5]
Senstar Technologies Corporation Reports Fourth Quarter and Full Year 2024 Financial Results
Prnewswire· 2025-04-23 20:05
Core Insights - Senstar Technologies Corporation reported a 9% increase in full-year 2024 revenue to $35.8 million, driven by demand for sophisticated security solutions in key vertical markets [3][13] - The company achieved a net income of $2.6 million in 2024, a significant turnaround from a net loss of $1.3 million in 2023, reflecting improved profitability and operational efficiencies [5][13] - The CEO highlighted strong performance in 2024, with growth attributed to key verticals and enhanced sales efficiency, alongside operational streamlining and cost management [2][4] Full Year 2024 Financial Results - Revenue for 2024 was $35.8 million, up from $32.8 million in 2023, marking a 9% increase [3] - Gross profit increased to $22.9 million, representing 64.1% of revenue, compared to $18.8 million or 57.5% of revenue in 2023 [4][13] - Operating expenses decreased by 5.4% to $19.0 million from $20.1 million in the previous year, primarily due to cost management measures [4] - Operating income improved to $3.9 million from an operating loss of $1.3 million in 2023 [5] - EBITDA for 2024 was $4.6 million, a significant improvement from an EBITDA loss of $0.3 million in 2023 [6][13] Fourth Quarter 2024 Financial Results - Fourth quarter revenue was $10.2 million, a 14.5% increase from $8.9 million in the same quarter of 2023 [7][13] - Gross profit for the fourth quarter was $6.6 million, or 64.5% of revenue, compared to $5.1 million or 56.6% in the prior year [7][13] - Operating income for the fourth quarter was $1.5 million, up from $0.3 million in the year-ago period [9] - Net income for the fourth quarter was $1.6 million, or $0.07 per share, compared to $0.4 million, or $0.02 per share in the fourth quarter of 2023 [9][13] Cash Position and Balance Sheet - As of December 31, 2024, cash and cash equivalents totaled $20.6 million, up from $14.9 million in 2023 [6][21] - The company reported no debt as of the end of 2024 [13] - Total assets increased to $52.1 million from $50.3 million in 2023 [21][24]
Former U.S. Customs Chief Endorses CustomsTrace AI™ as Critical to National and Economic Security
Globenewswire· 2025-04-23 18:10
ScanTech AI's New Platform is Being Designed to Address Critical Vulnerabilities in National Security InfrastructureAtlanta, GA, April 23, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a global innovator in non-intrusive, fixed-gantry CT (Computed Tomography) screening technologies, announced that the development of its groundbreaking CustomsTrace AI™ platform has been endorsed by former U.S. Customs and Border Protection Commissioner Ralph Basham as crit ...
LVT Launches Integration with Axon Fusus Real-Time Crime Center Technology
GlobeNewswire News Room· 2025-04-23 16:32
Core Insights - LVT has integrated its security solutions with Axon Fusus, enhancing situational awareness for security operators and law enforcement, which allows for a more timely response to security incidents [1][3] Company Overview - LVT (LiveView Technologies, Inc.) is a leader in life safety and security, specializing in mobile, solar-powered, and cellular/satellite-connected surveillance solutions and software [2] - The company is headquartered in American Fork, Utah, and its enterprise software-as-a-service (SaaS) solution is utilized across various sectors including retail, critical infrastructure, utilities, and law enforcement [2] Integration Benefits - The integration with Axon Fusus is live and requires no additional hardware, providing significant benefits such as expedited emergency response times and enhanced communication for first responders [2][3] - First responders can access LVT Unit cameras through Axon Fusus, enabling live video streaming, camera control, and improved situational awareness [3] Industry Impact - The integration is seen as a critical advancement for real-time intelligence sharing between law enforcement and retail, enhancing the ability to respond to threats effectively [3] - Connected public-private collaborations are emphasized as essential for community safety, especially as safety threats become more sophisticated [3]
Cloudastructure Secures Additional $3 Million Preferred Investment from Existing Institutional Investor
Globenewswire· 2025-04-21 12:30
Core Insights - Cloudastructure, Inc. has secured an additional $3 million investment from an existing institutional investor through Series 2 Convertible Preferred Stock to support its expansion and advancement of AI-powered security solutions [1][3] - The Series 2 Convertible Preferred Stock was issued at a price of $1,000 per share, carrying a 9.5% annual preferred return and is convertible into Class A common stock under specified terms [2] - This investment follows a successful $4.5 million raise last month, reinforcing the momentum generated after the company's direct listing on the Nasdaq Capital Market [3] Company Overview - Cloudastructure is a leading provider of cloud video surveillance solutions, utilizing AI and machine learning analytics for real-time monitoring and incident response [4][6] - The company's security solutions are applicable across various sectors, including commercial real estate, education, healthcare, and government, significantly improving security outcomes while reducing total cost of ownership [4][6] - Cloudastructure's platform offers a cost-effective model that eliminates proprietary hardware, provides contract-free month-to-month pricing, and includes unlimited 24/7 support, achieving up to a 75% lower Total Cost of Ownership compared to other systems [6]
Cloudastructure Expands AI Security Partnership with Leading Real Estate Investment Firm Across Multifamily Communities
Globenewswire· 2025-04-03 13:00
Core Insights - Cloudastructure, Inc. has partnered with a leading real estate investment firm to enhance AI-driven security across multifamily communities, expanding their existing relationship and deploying advanced surveillance solutions [1][4] - The firm manages thousands of residential units and aims to improve asset protection and resident experience following security incidents, seeking a scalable solution that deters crime and enhances operational efficiency [2][3] - Cloudastructure's technology boasts a crime deterrence rate exceeding 97%, providing a cost-effective alternative to traditional security models while reducing liability risks [2][5] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and offers a cloud-based security platform featuring AI/ML analytics and remote guarding solutions, enabling proactive security and significant cost savings [5] - The platform allows enterprise businesses to achieve real-time situational awareness and stop crime as it occurs, with a Total Cost of Ownership up to 75% lower than other systems [5] Market Impact - A survey by the National Apartment Association indicates that while only 13% of multifamily residents live in monitored communities, 70% believe these systems actively prevent crime, and they are 17% more likely to recommend such communities [3] - The partnership reflects a strategic investment in next-generation security solutions, transforming security from a cost center into a value driver for property owners and investors [3][4]
Gorilla Technology Featured in Nasdaq Amplify Issuer Spotlight: Showcasing Global Expansion and AI-Driven Innovation
Newsfile· 2025-02-27 13:00
Core Insights - Gorilla Technology Group Inc. is focused on building smart cities and enhancing security through AI-powered solutions, emphasizing a consultative approach to meet customer needs [2][3]. Company Overview - Gorilla Technology Group Inc. is headquartered in London, UK, and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [5]. - The company offers a range of solutions across various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, utilizing AI and Deep Learning Technologies [5]. Technology and Solutions - The company specializes in urban operations, security enhancement, and resilience through AI-driven technologies such as intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics, and advanced cybersecurity [6]. - By integrating these technologies, Gorilla aims to empower Smart Cities, improving efficiency, safety, and overall quality of life for residents [6].
Cloudastructure Inc-A(CSAI) - Prospectus(update)
2024-11-29 17:01
Table of Contents Registration No. 333-282038 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 7 to FORM S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 Cloudastructure, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 7370 87-0690564 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 228 Hamilton Avenue, 3rd Floor Palo Alto, Califo ...