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SafeSpace Global Corporation Transitions from Pre-Revenue to Active Revenue Generation with Eight Contracted Senior Living Facility Installations
SafeSpace Global Corporation Transitions from Pre-Revenue to Active Revenue Generation with Eight Contracted Senior Living Facility Installations.
About this update from Safespace Global Corporation
[{"type":"text","content":"\r\n\r\n \r\n \r\n SafeSpace Global Corporation Transitions from Pre-Revenue to Active Revenue Generation with Eight Contracted Senior Living Facility Installations\r\n \r\n \r\n\r\n\r\nSafeSpace Global Corporation Transitions from Pre-Revenue to Active Revenue Generation with Eight Contracted Senior Living Facility Installations\r\n\r\n\r\n\r\n\r\n\r\nCompany Begins Recurring Monthly Revenue Stream in February 2026 through Deployment of AI-powered, Privacy-Aware Technology that Replaces Wearables and Loud Alarms with Proactive and Dignified Resident Safety KNOXVILLE, TN., Feb. 23, 2026 (GLOBE NEWSWIRE) -- SafeSpace Global Corporation (OTCID: SSGC) (SafeSpace Global or the Company), a leader in AI-powered safety and security solutions, today announced that it has commenced revenue-generating operations with the installation of its technology across eight senior living facilities under executed service agreements. These contracts, which became active in February 2026, represent the Company's transition from a pre-revenue development stage company to an operating company with recurring monthly revenue streams. This marks the first deployment of its AI-powered, multimodal platform in the skilled nursing and assisted living sectors, establishing a new standard for proactive resident safety while eliminating the need for intrusive wearables and audible alarm systems. Revenue Commencement and Contract Portfolio The Company has executed eight revenue contracts with senior living facility operators. While the Company focused fiscal year 2025 on product development, system refinement, and pilot deployments in preparation for commercial launch, the execution and activation of these service agreements in early 2026 marks a significant operational milestone. \"These are not letters of intent or memoranda of understanding; these are executed service contracts with paying customers,\" said Scott Boruff, Chief Executive Officer of SafeSpace Global. \"Each facility is now utilizing our technology in their daily operations and compensating the Company on a recurring monthly basis. This represents real revenue from real deployments, and investors should understand that SafeSpace Global is no longer a pre-revenue company as of February 2026.” The recurring revenue model is structured around monthly service fees for the Company's continuous ...