Press Release
Airship AI Awarded Contract With DOJ Agency, Marking Second Big Government Contract Win Since December IPO
–News Direct–
By Meg Flippin, Benzinga
Airship AI Holdings (NASDAQ: AISP), the Redmond, Washington, artificial intelligence company helping U.S. Homeland Security agencies monitor the nations border, announced that it won a large contract with an agency within the Department of Justice to support emerging public safety and investigative requirements.
The DOJ will use Airship AIs Acropolis Enterprise Video and Data Management Platform which is capable of gleaning actionable information in real-time from several sources including body cams, surveillance cameras, drones and CCTV, among others. Airship AI said it won the sole-source contract with the DOJ agency because it was the only company bidding on it capable of providing the necessary technology.
Airship AIs Acropolis backend enterprise management system will enable the agency to manage devices and sensors across the entire digital ecosystem directly to the cloud or through Airship AIs Outpost AI Edge Appliance. Built on the NVIDIA (NASDAQ: NVDA) Jetson platform, Outpost AI provides advanced analytic processing at the edge, along with highly efficient video and metadata encoding and encryption over various RF and network backhauls back to the cloud. The management system, which can be deployed in specialized law enforcement agencies, has been engineered to meet law enforcement-specific needs including workflow for preserving evidence, advanced auditing capabilities, virtualized server instances and individualized cases for adaptive compartmentalization of sensitive data and video.
Making Inroads
The contract marks the first agency within the DOJ to deploy Acropolis within the Federal Risk and Authorization Management Program or FedRAMP, the U.S. federal governments compliance program designed to create a standardized approach to security assessment, authorization and monitoring of cloud applications and services across all government agencies. Getting an in with the DOJ should position the company for future contracts, Airship AI said.
This award represents an expansion of a pilot program started with the agency in 2023, validating our ability to meet demanding agency operational and security requirements, Paul Allen, President of Airship AI, said in a press release. Equally as exciting is this project represents the second U.S. Government agency to deploy our Acropolis platform in a FedRAMP-certified cloud environment. Airship AIs President noted the company has a strong pipeline for 2024. When news of the award broke in early March, shares of Airship AI soared. Year-to-date the stock is up over 300% as of this writing.
Big Addressable Market
As it stands, surveillance can be extremely complex, with law enforcement agencies and others in surveillance tasked with managing disparate applications, equipment and permissions while at the same time managing various access levels across multiple departments. Airship AIs platform pulls it all together helping law enforcement, intelligence agencies and companies make informed decisions in real time. Its tailored software operating platform opens up customers' access to data from cameras and sensors for decisive and accurate responses using data thats enhanced by AI. Airship AI customers can use their existing hardware saving them time and money getting up and running.
Airship AI is creating a niche in an area where organizations can get bogged down in the exacting and evolving technical difficulty of turning dynamic data into intelligence in real time. Managing, analyzing and gleaming actionable information from an array of sources can be difficult and time-consuming. The company said there is a big demand for its technology and pegs the addressable market at $7 billion for edge AI software and hardware. Airship AI said the market is projected to grow to over $40 billion by 2030.
The companys revenue growth seems to back up the demand estimate. For the full fiscal year 2023, Airship AI earned revenues of $12.3 million on gross profits of $5.8 million. The company entered 2024 with about $140 million in the pipeline comprised largely of U.S. government customers and new growth opportunities within commercial sectors. For all of 2024, Airship AI expects triple-digit revenue growth and positive cash flow.
The Second Major Contract Win For Airship AI
The deal with the DOJ agency marks the second big contract awarded to Airship AI since it went public in late December via a Special Purpose Acquisition Corp. or SPAC deal with BYTE Acquisition Corp. (NASDAQ: BYTS). As part of that win, Airship AI provided solutions based on its AI Outpost product to agencies within the U.S. Department of Homeland Security to support real-time intelligence collection along the U.S. borders. The $10.9 million contract was first inked in September. Airship AIs Outpost solution is the companys edge product, which consists of an edge appliance that provides local high-definition recording with user-defined low-bit rate video stream encoding and on-board edge analytic capabilities providing the Department of Homeland Security with advanced object detection and recognition capabilities. Airships platform is already being used by federal, state and local law agencies as well as the private sector, including FedEx Corp. (NYSE: FDX) and Home Depot Inc. (NYSE: HD).
Airship AI is making inroads into government agencies with its advanced monitoring and surveillance platforms. With two deals under its belt and a robust pipeline for 2024 and beyond, the company is optimistic it will further make its mark, helping federal, state and local governments step up enforcement and monitoring to make the world a safer place for everyone.
Featured photo by Matthew Henry on Unsplash.
Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.
This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.
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View source version on newsdirect.com: https://newsdirect.com/news/airship-ai-awarded-contract-with-doj-agency-marking-second-big-government-contract-win-since-december-ipo-340612161
Benzinga
COMTEX_451958236/2655/2024-05-06T08:30:37
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Press Release
UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections
DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.
Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”
The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.
In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.
The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
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Press Release
UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation
DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.
Global Compliance Credentials of UVKXE
UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:
U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.
U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.
Background on the Malaysian Public List
The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.
Commitment to Legal Compliance and User-Centric Values
UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms
DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.
Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”
The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.
Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”
In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.
Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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