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Odysight.ai Announces Purchase Order from an International Defense Contractor for its Visual Based Predictive Maintenance System, to be Installed in an Upgraded Israel Air Force (IAF) Maritime Version Sikorsky-Lockheed Martin SH-60 Seahawk
OMER, Israel, March 11, 2024 (GLOBE NEWSWIRE) -- Odysight.ai Inc. (OTCQB: ODYS), a leading provider of visual based predictive maintenance (PdM) and
About this update from Odysight.ai Inc.
[{"type":"text","content":"OMER, Israel, March 11, 2024 (GLOBE NEWSWIRE) -- Odysight.ai Inc. (OTCQB: ODYS), a leading provider of visual based predictive maintenance (PdM) and condition-based monitoring (CBM) solutions, is pleased to announce the receipt of a purchase order exceeding $1 million from a major international defense contractor for the Company's cutting-edge visual sensing and AI analytics solution. The systems will be installed in upgraded Lockheed Martin (Sikorsky) SH-60 Seahawk Maritime Rotary Wing Aircraft of the Israel Air Force. Odysight.ai believes the purchase order showcases the uniqueness of its innovative PdM systems for the aerospace industry and is a critical milestone in the Company’s systems transitioning aviation from legacy solutions to AI driven maintenance solutions. More than 4,000 UH-60 Black Hawk aircraft, and its variants such as the SH-60 Seahawk, are in service worldwide today. Odysight.ai’s addressable market for the Company’s rotary wing aircraft system of more than a $1bn. Odysight.ai’s Visual Based Sensor System for PdM provides a state-of-the-art solution incorporating advanced AI algorithms for prognostic health management applications. This groundbreaking technology empowers users to monitor and manage the health of their assets without requiring specialized technicians or manual intervention, providing crucial support for the aerospace sector by enabling PdM and CBM of aerial vehicles. Odysight.ai’s technology enhances sustainment, operational availability and safety of any platform, providing our clients with unmatched capabilities, including an onboard Health and Usage Monitoring System (HUMS). Colonel (Ret.) Yehu Ofer, CEO of Odysight.ai, reflects on this milestone, stating, “This order represents a critical turning point for Odysight.ai, acting as a strong endorsement of our technology's effectiveness and potential. It not only highlights our dedication to delivering substantial value to our customers but also significantly strengthens our position for future contracts. We are proud to have purchase orders for systems to be installed on Boeing and Lockheed Martin aerial platforms and to have gained the trust of the Israel Air Force. Our ongoing discussions with major defense contractors are a testament to the increasing trust in Odysight.ai’s Visual Based Sensor System and its role in predictive maintenance...