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Airship AI Awarded Contract With DOJ Agency, Marking Second Big Government Contract Win Since December IPO

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–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

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Press Release

Shared Pets LLC Launches Revolutionary High-Tech Products to Enhance Pet Care Experience

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United States, 24th Oct 2024 – Shared Pets LLC, a leading innovator in the pet care industry, is excited to announce the launch of its latest line of smart, high-tech products designed to improve the lives of pets and their owners. Focused on merging advanced technology with pet care, Shared Pets LLC is committed to creating solutions that offer convenience, entertainment, and health benefits for pets and their families.

The company’s mission is clear: to enrich the bond between pets and their owners by offering innovative products that simplify daily care routines and enhance the quality of life for both. Each product in Shared Pets LLC’s collection is designed with the modern pet parent in mind, combining technology and functionality to make pet ownership more enjoyable and hassle-free.

A Vision for Enriching Pet Lives

Shared Pets LLC strives to bring the latest advancements in technology to the pet care sector, ensuring pets receive the best care possible while strengthening the connection between pets and their families. The company meticulously designs and selects its product range to meet the highest standards of quality, innovation, and usability. From smart feeders to health monitoring devices, Shared Pets LLC aims to make every moment spent with pets more rewarding.

“Our mission is to provide pet owners with high-tech solutions that improve their daily interactions with their pets,” a spokesperson for Shared Pets LLC shared. “We recognize the deep bond between pets and their families, and we want to support that relationship with products that offer both practical benefits and joy.”

Innovative Product Offerings for Modern Pet Owners

Shared Pets LLC’s product line includes an impressive range of high-tech pet care tools, such as smart feeders, interactive toys, GPS trackers, and health monitoring devices. These products are designed not only to improve pet well-being but also to provide peace of mind and convenience for pet owners.

  • Smart Feeders: These innovative feeders allow pet owners to manage and monitor their pet’s meals remotely, ensuring proper portioning and timely feeding, even when they are away from home.
  • Interactive Toys: Designed to keep pets mentally stimulated and entertained, these toys offer interactive features that engage pets, helping reduce boredom and anxiety.
  • GPS Trackers: These devices provide pet owners with real-time location tracking, ensuring the safety and security of their pets wherever they may roam.
  • Health Monitoring Devices: Shared Pets LLC’s health-focused devices help pet parents keep track of their pet’s physical activity and well-being, allowing for early detection of health issues and promoting overall fitness.

Crafted with Premium Materials

All Shared Pets LLC products are handmade using high-quality materials to ensure durability, comfort, and safety. The company places a strong emphasis on creating products that meet the highest standards of reliability while maintaining an aesthetic appeal that suits both pets and their owners.

Bringing the Future of Pet Care Today

Shared Pets LLC is dedicated to pushing the boundaries of pet care by leveraging cutting-edge technology to simplify pet ownership and create more interactive experiences. The company invites pet owners to explore its innovative products and discover how technology can enhance the care, safety, and happiness of their pets.

For more Information visit https://sharedpets.com 

About Shared Pets LLC

Shared Pets LLC is a technology-driven company that specializes in creating high-quality, innovative pet care products. Focused on merging the latest advancements in technology with practical pet care solutions, Shared Pets LLC aims to enhance the bond between pets and their owners while providing products that are both functional and enjoyable.

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Organization: Shared Pets LLC

Contact Person: PR Contact

Website: https://sharedpets.com/

Email: Send Email

Country: United States

Release Id: 24102418970

The post Shared Pets LLC Launches Revolutionary High-Tech Products to Enhance Pet Care Experience appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Solar Installer Awarded EnergySage Elite+ Status, Offering Quality Solar in 9 States

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Houston, TXIntegrateSun, a leading provider of solar energy solutions, is proud to announce its designation as an Elite+ Installer on EnergySage, the most trusted online marketplace for clean energy. This prestigious recognition solidifies IntegrateSun’s position as a top-tier solar installer and reflects the company’s commitment to providing exceptional service and quality control.

As an Elite+ installer, IntegrateSun joins a distinguished group of solar companies who consistently deliver both quality solar and stellar customer service for over two years on the EnergySage platform. This partnership amplifies both companies’ shared mission to accelerate the transition to clean energy by making solar energy more accessible to homeowners and businesses alike.

“Achieving Elite+ status on EnergySage is a testament to the hard work and dedication of our entire team,” said Waqas Hassan, CEO of IntegrateSun. “At IntegrateSun, we prioritize delivering quality and building trust with our customers. Partnering with EnergySage allows us to expand that mission and reach more people across the country who are ready to embrace clean and sustainable energy.”

Headquartered in Houston, TX, IntegrateSun serves multiple key markets, including Texas, California, Oklahoma, Nevada, Arizona, Pennsylvania, Maryland, Washington D.C., and Georgia. With a strong track record in residential and commercial solar installations, IntegrateSun is poised to further its leadership in the renewable energy sector.

“We’re thrilled to recognize IntegrateSun for achieving Elite+ Installer status,” said Sam Thompson, VP of Marketplace at EnergySage. “Their commitment to providing high-quality solar installations and top-tier customer service aligns perfectly with our mission at EnergySage. This partnership enables us to better serve homeowners looking for trusted, reliable solar installers in their regions.”

About IntegrateSun:

IntegrateSun specializes in delivering cutting-edge solar energy solutions for residential and commercial customers. With a focus on quality, sustainability, and customer service, IntegrateSun continues to expand its footprint nationwide, helping customers harness the power of solar energy for a cleaner future.

For media inquiries, please contact:

hello@integratesun.com

http://www.integratesun.com 

Houston, TX

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Press Release

Royalty Management Acquires Royalty Stream In The Controlled Environment Agriculture Industry

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Provides Royalty Management with an equity interest and royalty stream from sales of patented products that serve the indoor farming and controlled agriculture spaces.Investment continues Company’s target of investments in food security sectors.

FISHERS, INDIANA / October 24, 2024 / Royalty Management Holding Corporation (Nasdaq: RMCO) (“Royalty Management” or the “Company”), an innovative royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce that it has purchased an equity interest and royalty stream from sales of controlled agriculture and greenhouse products produced and sold by a leading-edge innovator in the greenhouse space.  The royalty stream comes from sales of certain innovative, patented consumables used in controlled growing environment.

The amount of the royalty payable to the Company is based on volumes of these greenhouse consumable product sales, and ranges from 1.4% to 2.2% of sales. The seller is expected to start producing royalty income for Royalty Management starting in early 2025. A confidentiality agreement currently in place restricts Royalty Management from disclosing the name of the producer of the greenhouse/controlled agriculture products.

Thomas Sauve, Chief Executive Officer of the Company, stated, “Innovative controlled growing environment platforms that increase food production and yields will be essential for our food security and as regional populations grow. We are thrilled to continue our investment in this critical industry given the need for affordable and productive food based growing environments. This investment, combined with our previous participation as a gold member sponsor of the CASFER technologies (www.casefer.us) provides us direct investment royalties and cash flows from food production and technologies products.. This investment and this company have the ability to revolutionize the indoor agriculture and controlled growing environment space though high-density production of foods and produce. We are excited about this partnership for a variety of reasons, including the potential for further investment and collaboration with our partner and their team on accelerating deployment and innovation of this technology.

About Royalty Management Holding Corporation

Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in sustainable market environments. The business model focuses on acquiring and structuring cashflow and revenue streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future. For more information visit www.royaltymgmtcorp.com.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the “Risk Factors” section of the Company’s registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC’s website, www.sec.gov. The information contained in this release is as of the date first set forth above.  The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact

Organization: Royalty Management Holding Corporation

Contact Person: Thomas Sauve

Website: https://www.royaltymgmtcorp.com

Email: Send Email

Contact Number: +13178559926

Address: 12115 Visionary Way

Address 2: Suite 174

City: Fishers

State: Indiana

Country: United States

Release Id: 24102418971

The post Royalty Management Acquires Royalty Stream In The Controlled Environment Agriculture Industry appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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