ODYS News & Events

Odysight.ai files $200M mixed securities shelf

Odysight.ai announced that it has received two pilot orders from a major defense customer for monitoring applications on aerial platforms. The first order relates to the integration and evaluation of a computer-vision-based monitoring system on an operational combat helicopter. The second order involves the monitoring of a critical component within an airborne weapons system.

Odysight.ai posted a CEO letter to shareholders, which read in part, "As Odysight.ai continues to build its position at the intersection of deep tech, aerospace, defense, and industrial AI, the past year has marked an important phase in our evolution. With rising global defense investment and accelerating AI adoption, we have advanced our strategy, strengthened our capabilities, and delivered meaningful progress. Three years ago, I stepped into the role of CEO with a clear objective: to make Odysight.ai a leader in deep tech for aerospace, defense, and industrial AI. Since then, through innovation, collaboration, and your continued trust, we have achieved significant accomplishments and built strong momentum. I am grateful for your support and look forward to sharing our results and outlook...I am optimistic and energized about our prospects. Several trends reinforce our confidence in the future: Increase in Defense Budgets: Global security concerns are driving increased investment in defense, accelerating demand for advanced monitoring and predictive maintenance solutions. Our dual-use technology is uniquely positioned to address these needs, providing real-time insights and enhancing operational readiness. Aging of Global Civil and Military Aviation Fleets: As fleets age, the need for predictive maintenance becomes more critical to keep platforms operational and safe. Our AI-powered platform enables customers to monitor the health of their assets, reduce downtime, and extend the life of their equipment. This capability is increasingly recognized as a strategic advantage by our customers. Rise of Autonomous Vehicles: The proliferation of autonomous systems in aviation, transportation, and industry requires sophisticated monitoring and analytics. Our solutions are at the forefront of this trend, providing the data and insights needed to ensure safety, reliability, and efficiency. Innovation and Growth: We plan to continue to invest in R&D, talent, and partnerships to drive innovation and expand our market presence. Our goal is to become the standard in predictive maintenance and AI-driven insights for critical systems worldwide. None of our achievements would be possible without the dedication of our talented team, the support of our partners, and your trust, our shareholders. I am deeply grateful for your belief in our vision and your commitment to our journey. Together, we are building a company that is not only shaping the future of predictive maintenance and AI-driven insights but also creating lasting value for all stakeholders."

Odysight.ai announced that its next generation of high-temperature sustainable optical sensors have passed a series of demanding trials with a major Southeast Asian Aerospace OEM. During the evaluation, the sensor-based solution delivered high-resolution imagery of a critical component, fully immersed in oil, a notoriously challenging environment for optical inspection systems. The sensors also maintained survivability at temperatures exceeding 100 degrees C and stable performance at temperatures exceeding 70 degrees C marking a major advancement in a very harsh-environment visual monitoring for complex mechanical systems. The tests validated the ability of Odysight.ai's miniature optical sensors and algorithms to operate near flawlessly inside sealed, oil splash areas and oil-filled mechanical assemblies, delivering precise visual data despite thermal stress, fluid dynamics, and limited visibility conditions. These capabilities significantly expand the applicability of Odysight.ai's patent protected technology to high-power industrial machinery, aerospace actuation systems, energy platforms, and rotary-wing environments-all of which rely on critical components that often operate under high heat and continuous lubrication.