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]

WILMINGTON, Mass., May 06, 2025 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, FSE: E30), a leading technology provider of Artificial Intelligence (AI) based next generation detection solutions to protect secure locations against prohibited weapons and other threats, is pleased to announce that the HEXWAVE™ recently completed operational test and evaluation at a major Category X airport in the US. Liberty’s HEXWAVE product, a next generation, walkth ...

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]

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]

PHOENIX, April 23, 2025 (GLOBE NEWSWIRE) -- LVT (LiveView Technologies, Inc.), the leader of rapidly deployable security solutions, today unveiled its integration with Axon Fusus at the Axon Week 2025 conference. LVT’s integration with Axon Fusus’ real-time crime center provides additional situational awareness to security operators and law enforcement, helping enable a more timely and optimized response to security incidents. The integration is now live, requires no additional hardware and provides several ...