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Eastern Bank Announces Owen Security Solutions As A Commercial Banking Customer
Businesswire· 2026-01-13 18:30
Core Insights - Eastern Bank has announced Owen Security Solutions, Inc. as a new commercial banking customer, providing comprehensive banking solutions to support Owen Security's growth initiatives and ongoing operations [1][2]. Company Overview - Owen Security Solutions, founded in 1973, specializes in security alarm, fire protection, and smart video monitoring solutions for various customer segments including residential, commercial, industrial, government, and small businesses [1]. - Eastern Bank, established in 1818, is the leading local bank in Greater Boston with approximately 110 branch locations and $25.5 billion in assets as of September 30, 2025 [5]. Banking Solutions - Eastern Bank is offering Owen Security a comprehensive banking solution that includes working capital for growth initiatives, a revolving line of credit, and a full suite of cash management services [1]. - The bank provides a range of commercial financing options such as working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending, franchise lending, and employee stock ownership plan-related financing [3]. Team Involved - The Commercial Banking team advising Owen Security includes Greg Buscone (Executive Vice President, Chief Commercial Banking Officer), Brendan O'Neill (Senior Vice President and Commercial Group Director), Matthew Hunt (Senior Vice President and Team Leader), and Isis Ortiz-Belton (Vice President and Portfolio Manager) [4].
AITX Retains National PR Firm as Market Awareness Accelerates
Globenewswire· 2026-01-13 13:40
Core Viewpoint - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), is enhancing its communications strategy to increase visibility and awareness in the media, financial markets, and investor community as it enters a new phase of growth [1][2][3]. Group 1: Company Strategy and Operations - AITX has engaged a national public relations firm to improve its market visibility and communicate its business model and technology leadership effectively [1][2]. - The decision to enhance visibility comes after a period of operational expansion and increased market relevance, particularly in autonomous security and AI-driven solutions [2]. - The engagement aims to translate operational progress into clear market understanding, ensuring that the company's advancements are recognized across various platforms [3]. Group 2: Industry Context and Competitive Advantage - AITX operates within the nearly $50 billion security and guarding services industry, offering AI-driven Solutions-as-a-Service that can save businesses between 35%-80% compared to traditional manned security [4]. - The company’s subsidiary, Robotic Assistance Devices, Inc. (RAD), provides innovative robotic solutions that can complement or replace human personnel in security roles [4]. - AITX's technology enhances operational efficiency and reduces costs, making it suitable for various sectors, including government, transportation, and healthcare [9]. Group 3: Leadership and Expertise - The company is led by experienced professionals, including CEO/CTO Steve Reinharz, who has extensive experience in the security services industry [6]. - The leadership team includes experts from law enforcement and security industry backgrounds, reinforcing the company's capability to deliver effective solutions [6]. Group 4: Sales Pipeline and Growth Potential - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future business growth [7]. - The company anticipates converting existing sales opportunities into deployed clients, which will generate a recurring revenue stream [7].
Allot Ltd. initiated with an Overweight at Cantor Fitzgerald
Yahoo Finance· 2026-01-13 12:25
Core Viewpoint - Cantor Fitzgerald initiated coverage of Allot Ltd. (ALLT) with an Overweight rating and a price target of $15, highlighting the company's transition to a security-first consumer company with Security as a Service (SECaaS) as the main growth driver [1] Group 1: Company Transition and Growth - Allot is moving from being a mature network intelligence vendor to focusing on security services, indicating a strategic shift in its business model [1] - The primary growth driver for Allot is identified as SECaaS, which is expected to enhance the company's fundamentals and recurring revenue [1] Group 2: Market Position and Valuation - Despite the strong momentum and carrier-led wins, Allot's shares are trading at a significant discount compared to its peers, suggesting potential for growth and a re-rating of its market multiple [1] - The analyst notes that the combination of improving fundamentals and rising recurring revenue positions Allot for renewed growth [1]
Cantor Fitzgerald Initiates Allot Communications With Overweight Rating
Financial Modeling Prep· 2026-01-12 21:55
Core Viewpoint - Allot Communications is transitioning from a network-intelligence provider to a security-focused consumer company, with security-as-a-service (SECaaS) as the main growth driver [1] Group 1: Financial Performance - SECaaS accounted for 28% of Allot's revenue, with annual recurring revenue increasing by 60% year over year in Q3 2025 [2] - Cantor Fitzgerald expects SECaaS to exceed 60% of total revenue over time, driven by carrier-led distribution and rising demand for security offerings [2] Group 2: Strategic Developments - Recent contract wins, including partnerships with Verizon Business and a large Tier-1 EMEA SG-Tera III deployment, provide multi-year visibility and potential upside to forecasts [3] - Allot's current trading valuation is approximately 3.8x estimated FY26 EV/sales, significantly lower than peers at around 7.4x [3] Group 3: Growth Potential - Expanding recurring revenue, high incremental margins at scale, and multiple growth catalysts support the potential for renewed growth and a valuation re-rating [3]
TG-17(OBAI) - Prospectus(update)
2026-01-12 16:23
As filed with the Securities and Exchange Commission on January 12, 2026. Registration No. 333-290750 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 Amendment No. 4 REGISTRATION STATEMENT Under The Securities Act of 1933 TG-17, Inc. (Exact name of registrant as specified in its charter) incorporation or organization) Classification Code Number) Identification Number) Nevada 4899 83-1751618 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer 85 Broa ...
AITX Announces Measurable and Disciplined Operating Expense Reductions
Globenewswire· 2026-01-12 13:40
Core Insights - The company has implemented disciplined operating expense reductions year over year, reflecting a shift towards tighter execution and improved operational control as it prepares for the end of its fiscal year on February 28, 2026 [1][2] Financial Management - Over the past nine months, the company has streamlined operations and aligned spending with near-term execution goals, resulting in a more mature operating posture and responsible financial management [2] - Payroll expenses are expected to decrease from approximately $760,000 per month in 2025 to about $630,000 starting March 1, 2026, due to workforce realignment and delayed investments [3] - Additional monthly operating expense reductions of approximately $50,000 have been achieved through improved purchasing practices and vendor management, positively impacting cash flow [3] Strategic Focus - The company has paused further R&D investments in its HERO and RADDOG mobile robotic initiatives while transitioning ROAMEO™ into active production, concentrating efforts on initiatives that drive near-term impact [4] - The CEO emphasized that these changes are aimed at reducing cash flow burn and achieving operational cash flow positive performance around May 2026 [5] Industry Position - The company operates within the nearly $50 billion US security and guarding services industry, offering AI-driven solutions that can save businesses between 35%-80% compared to traditional manned security [6] - The company has a prospective sales pipeline of over 35 Fortune 500 companies, indicating strong potential for recurring revenue generation [10] Operational Validation - The company's operations and internal controls have been validated through a successful SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients [7]
AITX Q3 Results Highlights and Q&A Scheduled for January 15 Release
Globenewswire· 2026-01-07 13:40
Core Viewpoint - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), is set to release its fiscal Q3 results on January 15, 2026, alongside a comprehensive investor interview with CEO Steve Reinharz, focusing on transparency and addressing shareholder concerns [1][2][4]. Financial Performance and Investor Engagement - The Q3 results will highlight improvements in the company's core business and will be accompanied by an interview that includes discussions on capital structure, executive compensation, and financing strategy [2][3]. - The interview aims to provide clarity and accountability, addressing investor questions directly, which is a departure from typical executive communications [4]. Company Overview and Market Position - AITX, through its subsidiary Robotic Assistance Devices, Inc. (RAD), is innovating within the $50 billion security and guarding services industry, offering AI-driven solutions that can reduce costs for businesses by 35%-80% compared to traditional manned security [5]. - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue as it converts sales opportunities into deployed clients [9]. Technology and Solutions - AITX's solutions, including the SARA platform, enhance operational efficiency and situational awareness while significantly lowering costs for clients across various sectors such as government, healthcare, and transportation [10][13]. - The company emphasizes the importance of in-house development of its technologies, ensuring that its AI-based analytics and software platforms meet the specific needs of its clients [5][10]. Internal Controls and Compliance - AITX has successfully completed its SOC 2 Type 2 audit, validating its internal controls for handling customer data, which enhances its credibility with enterprise and government clients [6].
AITX Q3 Results Highlights and Q&A Scheduled for January 15 Release
Globenewswire· 2026-01-07 13:40
Results and Investor Q&A to Be Released in Lieu of Investor Presentation Detroit, Michigan, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCID:AITX), a global leader in AI-driven security and productivity solutions, today announced its fiscal Q3 results are expected to be filed on January 15, 2026. Concurrently, a comprehensive investor interview featuring CEO/CTO and founder Steve Reinharz will be published that will review Q3 highlights as well as d ...
Artificial Intelligence Technology Solutions ($AITX) Provides Year-End Corporate Update, Highlights Execution Progress and 2026 Outlook
Globenewswire· 2026-01-05 13:40
Core Insights - The company provided a year-end corporate update reflecting on its execution, market conditions, and strategic positioning as it enters 2026 [1] Group 1: Execution and Team Focus - Throughout 2025, the company prioritized supporting its team, delivering customer value, maintaining product quality, advancing sales execution, and investing in targeted research and development [2] - The company operated in a challenging macroeconomic environment characterized by inflation, elongated purchasing cycles, and delayed capital spending decisions, yet maintained operational continuity and improved sales momentum by year-end [3][6] Group 2: Customer Satisfaction and Sales Progress - The company emphasized customer satisfaction, with positive client feedback reinforcing the value of its AI-enabled security platforms and collaborative approach [5] - Although early 2025 revenue performance did not meet expectations, improved sales execution was noted in the second half, with new enterprise customers onboarded and existing client deployments expanded [6][7] Group 3: Product Portfolio and Financial Discipline - The company invested selectively in its technology ecosystem, focusing on scalability, reliability, and margin efficiency, with key products including SARA, ROAMEO, ROSA, RIO, AVA, and RADCam [8] - Financial discipline was maintained throughout 2025, with cost management and continued investment in growth initiatives, alongside updates to the employee stock option plan to align incentives with long-term shareholder value [9] Group 4: Future Outlook - Entering 2026, the company is supported by a stabilized team, improving sales traction, and a focused product roadmap, positioning itself to translate efforts into results [10] - The company operates within a nearly $50 billion security and guarding services industry, offering AI-driven solutions that provide significant cost savings compared to traditional manned security [11]
AITX CEO Opens the Doors on 2025 Results, Realities, and the Road Ahead
Globenewswire· 2026-01-02 13:40
Core Insights - The company is set to release a year-end video message from CEO/CTO Steve Reinharz on January 3, 2026, providing insights into 2025 results and future priorities [1][2][3] Company Performance and Strategy - Reinharz will discuss the company's performance, including areas of success and challenges faced during 2025, and how leadership adapted to these circumstances [3][4] - Key topics include sales momentum for 2026, production execution, product direction, spending discipline, and organizational positioning for scalability [3][4] Future Objectives - The company aims for positive operational cash flow and to exceed $1 million in recurring monthly revenue (RMR), with aspirations for a potential NASDAQ uplist [4] - These goals are framed as execution targets rather than guarantees, emphasizing internal discipline and product momentum [4] Industry Context - AITX operates within the nearly $50 billion security and guarding services industry, offering AI-driven solutions that can reduce costs for businesses by 35%-80% compared to traditional manned security [6] - The company’s subsidiary, Robotic Assistance Devices (RAD), provides innovative robotic solutions that can complement or replace human personnel in security roles [6][11] Operational Validation - The company has successfully completed a SOC 2 Type 2 audit, validating its internal controls for handling customer data, which enhances its credibility with enterprise and government clients [7] Leadership and Expertise - The leadership team, including Reinharz and other experienced professionals from the security and robotics sectors, reinforces the company's capability to deliver effective solutions [8][9] Sales Pipeline - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue as existing opportunities convert into deployed clients [10]