Airship AI Secures Multiple Contracts for AI-Driven Surveillance Solutions

Airship AI Announces $4.0 Million Contract Award within the Department of Homeland Security for Full Suite of Airship AI Software, Hardware and Integrated Technical Solutions - Airship AI Holdings (NASDAQ:AISP)

Major Award Supporting Existing and Emerging Requirements for AI Enabled Solutions Along the Northern and Southern Border REDMOND, Wash., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Airship AI Holdings, Inc. AISP ("Airship AI" or the "Company"), a leader in AI-driven video, sensor, and data management surveillance solutions, has been awarded a $4.0 million single year fixed firm price contract to an agency within the Department of Homeland Security (DHS) for the Company's Acropolis Enterprise Sensor Management video and data management platform, Outpost AI edge IoT appliances, and integrated solutions leveraging Airship AI capabilities supporting emerging public safety and investigative requirements. "This award represents a continuation of our support to the agency for a wide range of AI driven technical surveillance requirements along the Northern and Southern Borders," said Paul Allen, President of Airship AI. "Due to the sheer magnitude of the challenges facing the front line agents tasked with securing the border to counter human trafficking and stem the tide of fentanyl and other narcotics flowing into the United States, technology-driven force multipliers are becoming more and more critical. Innovation through the utilization of AI to support data-driven operations is just one way that Airship AI is enabling the agency to use technology to take agents out from behind monitors and put them back into the field." Airship AI's Acropolis backend enterprise management system enables customers to manage devices and sensors across their entire digital ecosystem from a single web-based graphical user interface, creating significant cost savings for agencies with sensors and devices from dozens of different manufacturers. Airship AI's approach to being sensor agnostic allows our platform to be that middleware application which fuses together data, and displays it in a simple and intuitive manner enabling data consumers to respond quickly and efficiently. "This award validates the critical nature of the solutions that we are continuing to develop which turn dumb sensors into smart sensors through the addition of our edge AI appliance, allowing agencies to leverage existing sensors and platforms already in use and avoid costly "rip and replace" strategies that would otherwise be necessary," added Mr. Allen. "Also included in this award is our newly released Outpost AI appliance with a built-in cellular modem which, when combined with our highly efficient data encoding and encryption, is a game changer for operational environments where communication and backhaul challenges exist. This, combined with the extensions of support and maintenance agreements for previously provided capabilities, ensures seamless operations for the agency over the next year." Airship AI's Outpost AI Edge Appliance processes, analyzes, and encrypts data in real-time at the edge. Utilizing custom trained models tailored for the wide range of operational environments in which our customers operate, Airship AI can identify user-defined objects of interest in real-time and then control attached sensors to provide additional intelligence on the objects of interest. Supported by integrations with leading mesh, satellite, and other RF based backhaul solutions, Outpost AI supports the larger sensor agnostic approach of Airship AI's Acropolis backend end platform. To experience how Airship AI and its suite of enterprise video and data management solutions can help your organization solve your complex video and data management challenges, please email your request to info@airship.ai. About Airship AI Holdings, Inc. Founded in 2006, Airship AI is a U.S.-owned and operated technology company headquartered in Redmond, Washington. Airship AI is an AI-driven video, sensor and data management surveillance platform that improves public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before they occur and meaningful intelligence to decision makers. Airship AI's product suite includes Outpost AI edge hardware and software offerings, Acropolis enterprise management software stack, and Command family of visualization tools. For more information, visit https://airship.ai. The disclosure herein includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "project," "forecast," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward looking. These forward-looking statements include, but are not limited to, (1) statements regarding estimates and forecasts of financial, performance and operational metrics and projections of market opportunity; (2) changes in the market for Airship AI's services and technology, expansion plans and opportunities; (3) the projected technological developments of Airship AI; and (4) current and future potential commercial and customer relationships. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Airship AI's management and are not predictions of actual performance. These forward-looking statements are also subject to a number of risks and uncertainties, as set forth in the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on April 1, 2024, and the other documents that the Company has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward looking statements reflect the Company's expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while it may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Investor Contact: Chris Tyson/Larry Holub MZ North America 949-491-8235 AISP@mzgroup.us Market News and Data brought to you by Benzinga APIs

Airship AI secures $4 million DHS surveillance tech contract By Investing.com

REDMOND, Wash. - Airship AI Holdings, Inc. (NASDAQ: AISP), a company specializing in AI-driven surveillance solutions, announced today that it has received a $4.0 million contract from the Department of Homeland Security (DHS). The contract is for the implementation of their Acropolis Enterprise Sensor Management platform, Outpost AI edge IoT appliances, and integrated solutions designed to enhance public safety and investigative activities along the U.S. borders. Paul Allen, President of Airship AI, emphasized the critical role of technology in addressing the challenges faced by border security agents, particularly in combating human trafficking and the influx of narcotics. He stated that the company's AI solutions are instrumental in optimizing the efficiency of data-driven operations, enabling agents to transition from monitoring screens to active fieldwork. The Acropolis platform is aimed at providing cost savings by allowing the management of various devices and sensors from a single interface, regardless of the manufacturer. This sensor-agnostic approach is a key feature of Airship AI's offerings, as it allows for the integration of data from different sources into a cohesive system, which can be crucial for quick and efficient response. Additionally, the new Outpost AI appliance, which comes with a built-in cellular modem, is designed to overcome communication challenges in operational environments. It processes, analyzes, and encrypts data in real-time, supporting the company's larger goal of creating smart sensor networks. Airship AI, founded in 2006 and headquartered in Redmond, Washington, focuses on AI-driven video, sensor, and data management for public sector and commercial customers. The company's suite of products is designed to provide predictive analysis and actionable intelligence to decision-makers. The information in this article is based on a press release statement from Airship AI Holdings, Inc. In other recent news, Airship AI Holdings, Inc. has successfully completed a public offering, generating net proceeds of approximately $7.04 million. The offering involved the sale of nearly 2.9 million shares of common stock and equal warrants, with Roth Capital Partners and The Benchmark Company, LLC acting as the co-placement agents. The company plans to use these funds for working capital and other corporate purposes. In addition to the public offering, Airship AI has secured a number of significant contracts. These include a five-year agreement with a Fortune 100 company and contracts with the Department of Defense (DoD) and the Department of Justice (DOJ) for the deployment of its Acropolis platform and Outpost AI appliance. These developments highlight the company's strong pipeline and ability to seize emerging opportunities. Moreover, Airship AI has extended its debt agreement with Platinum Capital Partners Inc., adjusting the maturity date of a $2 million convertible promissory note. As part of this deal, the company has issued 232,360 restricted common shares to Platinum Capital. The company is also set to join the Russell 3000 Index, marking a significant milestone. In a recent analysis, Roth/MKM initiated coverage of Airship AI with a Buy rating, citing a potential opportunity pipeline exceeding $120 million. These recent developments underscore Airship AI's continued growth in the AI-driven surveillance solutions sector. The recent $4.0 million contract from the Department of Homeland Security represents a significant development for Airship AI Holdings, Inc. (NASDAQ: AISP), especially considering the company's current financial position. According to InvestingPro data, AISP's revenue for the last twelve months as of Q2 2023 stood at $23.57 million, with an impressive revenue growth of 85.41% over the same period. This new contract could potentially boost the company's top line further. Despite the positive news, investors should be aware of some challenges facing AISP. An InvestingPro Tip indicates that the stock has fared poorly over the last month, with a price total return of -26.05% in the past month. Additionally, the company's short-term obligations exceed its liquid assets, which could pose financial challenges in the near term. On a more positive note, AISP has been profitable over the last twelve months, as highlighted by another InvestingPro Tip. This profitability, combined with the new contract and the company's strong revenue growth, could signal potential for future value creation. For investors seeking a more comprehensive analysis, InvestingPro offers 8 additional tips for AISP, providing a deeper understanding of the company's financial health and market position.

Airship AI secures $1.2 million surveillance contract By Investing.com

REDMOND, Wash. - Airship AI Holdings, Inc. (NASDAQ: AISP), a company specializing in AI-driven surveillance solutions, has been awarded a $1.2 million contract for the support and maintenance of its Acropolis Enterprise Video and Data Management platform. The platform is currently utilized by a Fortune 100 transportation and e-commerce company to support its global operational and physical security infrastructure. The contract extends over the next nine months and underscores the platform's role in managing the client's global logistics operations through a unified security operations center. "This award underscores the significance of our platform in enhancing our customers' deployment of the Acropolis ecosystem," stated Paul Allen, President of Airship AI. Airship AI's Acropolis system allows for management of devices and sensors across various digital ecosystems, either on-premises or cloud-based, leveraging artificial intelligence to optimize operational efficiency and real-time decision-making. The company also offers Outpost AI, an edge-based AI platform that enables the enhancement of existing edge sensors without the need for expensive replacements. The company prides itself on a customer retention rate in the high 90th percentile, attributing this success to its comprehensive support, including new software releases, patches, and updates. "Once our platform is operational in their environment, we focus on supporting their workflows to enhance their operational effectiveness and efficiencies," added Mr. Allen. Founded in 2006 and headquartered in Redmond, Washington, Airship AI provides a suite of surveillance products designed to improve public safety and operational efficiency for public and commercial sector customers. The company's product line includes Outpost AI edge hardware and software, the Acropolis enterprise management software stack, and the Command family of visualization tools. This announcement is based on a press release statement and contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are subject to risks, uncertainties, and assumptions, and potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. In other recent news, Airship AI Holdings, Inc. has secured significant contracts and completed a successful public offering. The company recently announced a $4 million contract with the Department of Homeland Security (DHS) for the implementation of their Acropolis Enterprise Sensor Management platform and Outpost AI edge IoT appliances. This follows on the heels of a contract awarded by the Department of Defense (DoD) for the deployment of the same Acropolis platform. In addition to these contracts, Airship AI has finalized a public offering, generating net proceeds of approximately $7.04 million. Roth Capital Partners and The Benchmark Company, LLC acted as the co-placement agents for the offering. The company also extended its debt agreement with Platinum Capital Partners Inc., adjusting the maturity date of a $2 million convertible promissory note. Further, Airship AI has secured a five-year agreement with a Fortune 100 company and a contract with the Department of Justice (DOJ). Analyst firm Roth/MKM initiated coverage of Airship AI with a Buy rating, suggesting a potential opportunity pipeline exceeding $120 million. These recent developments highlight the company's continued growth in the AI-driven surveillance solutions sector. Airship AI Holdings' recent $1.2 million contract award aligns with the company's strong revenue growth trajectory. According to InvestingPro data, Airship AI has demonstrated impressive revenue growth of 85.41% over the last twelve months as of Q2 2024, with an even more striking quarterly revenue growth of 131.08% in Q2 2024. This robust growth underscores the increasing demand for AI-driven surveillance solutions in the market. Despite the positive revenue trends, InvestingPro Tips highlight that the stock has faced significant challenges in the market. The stock price has fallen substantially over the last year, with a one-year price total return of -79.85%. This decline suggests that investors may be overlooking the company's growth potential or have concerns about its profitability, as indicated by the negative adjusted P/E ratio of -5.58. Interestingly, analysts remain optimistic about Airship AI's prospects. An InvestingPro Tip notes that analysts anticipate sales growth in the current year, which aligns with the company's recent contract win and its high customer retention rate mentioned in the article. For investors seeking a more comprehensive analysis, InvestingPro offers 8 additional tips for Airship AI Holdings, providing deeper insights into the company's financial health and market position.

Airship AI Announces $1.2 Million Contract Award with Fortune 100 Transportation & E-Commerce Company for Acropolis Enterprise Video and Data Management Platform - Airship AI Holdings (NASDAQ:AISP)

Continuation of Support and Maintenance for Existing Deployment Supporting Operational and Physical Security Requirements for Global Operations REDMOND, Wash., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Airship AI Holdings, Inc. AISP ("Airship AI" or the "Company"), a leader in AI-driven video, sensor, and data management surveillance solutions, has been awarded a contract worth $1.2 million with a Fortune 100 transportation and e-commerce company for the support and maintenance over the next nine months for an existing globally deployed Acropolis Enterprise Video and Data Management platform supporting the company's operational and physical security requirements. "This award underscores the significance of our platform in enhancing our customers' deployment of the Acropolis ecosystem, which enables them to federate and manage global logistics operations from a unified security operations center," said Paul Allen, President of Airship AI. "Our support and maintenance agreements ensure that customers can connect with the Airship technical support team anytime, anywhere, receiving comprehensive electronic and telephonic assistance for our entire suite of products." Airship AI's Acropolis backend enterprise management system enables customers to manage devices and sensors across their entire digital ecosystem via hardware deployed on-premises or in the cloud while utilizing Artificial Intelligence (AI) at the edge and/or the backend to optimize operational efficiency and improve real-time decision-making capabilities. Combining the sensor-agnostic nature of our Acropolis platform with our edge-based AI platform, Outpost AI customers can efficiently add "smarts" to existing edge sensors, avoiding costly and operationally disruptive "rip and replace" requirements. "Migrating customers to Airship AI is just the beginning of our relationship. Once our platform is operational in their environment, we focus on supporting their workflows to enhance their operational effectiveness and efficiencies. This support includes new software releases, patches, and updates. Our comprehensive approach to building and maintaining relationships at the manufacturer level is a key factor in our impressive customer retention rate, which remains in the high 90th percentile," concluded Mr. Allen. To experience how Airship AI and its suite of enterprise video and data management solutions can help your organization solve your complex video and data management challenges, please email your request to info@airship.ai. About Airship AI Holdings, Inc. Founded in 2006, Airship AI is a U.S. owned and operated technology company headquartered in Redmond, Washington. Airship AI is an AI-driven video, sensor and data management surveillance platform that improves public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before they occur and meaningful intelligence to decision makers. Airship AI's product suite includes Outpost AI edge hardware and software offerings, Acropolis enterprise management software stack, and Command family of visualization tools. For more information, visit https://airship.ai. The disclosure herein includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "project," "forecast," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward looking. These forward-looking statements include, but are not limited to, (1) statements regarding estimates and forecasts of financial, performance and operational metrics and projections of market opportunity; (2) changes in the market for Airship AI's services and technology, expansion plans and opportunities; (3) the projected technological developments of Airship AI; and (4) current and future potential commercial and customer relationships. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Airship AI's management and are not predictions of actual performance. These forward-looking statements are also subject to a number of risks and uncertainties, as set forth in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on April 1, 2024, and the other documents that the Company has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect the Company's expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while it may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Investor Contact: Chris Tyson/Larry Holub MZ North America 949-491-8235 AISP@mzgroup.us Market News and Data brought to you by Benzinga APIs

Airship AI gets $1.2M contract from Fortune 100 company (NASDAQ:AISP)

Airship AI (NASDAQ:AISP) said it has been awarded a contract worth $1.2 million with a Fortune 100 transportation and e-commerce company. The contract is for the support and maintenance over the next nine months for an existing globally deployed Acropolis Enterprise Video and Data Management platform. More on Airship AI Holdings Airship AI secures $4M contract from the Department of Homeland Security Airship AI wins mulitple awards for state, local law enforcement