OMER, June 12, 2023 (Globe Newswire) — Odysight.ai (OTCQB: SCTC), a leading provider of visual sensing and video analytics technology, is pleased to announce its participation in the highly anticipated 2023 International Paris Air Show I am pleased to The company will be showcasing its proprietary video-based sensor on board a radio-controlled airplane at the event, which will take place from June 19th to 25th at Booth G15a in Hall 4 of the Paris Le Bourget exhibition center.
At the Odysight.ai booth, attendees will have the opportunity to witness the implementation of the company’s visual sensing and video analytics-based predictive maintenance technology. This innovative solution is of critical importance to aeronautical systems platform operators and is already being utilized by various aerospace and unmanned aerial vehicle (UAV) companies.
“Odysight.ai has consistently demonstrated excellent performance in various flights, including space missions. Thanks to this excellent track record, we flew to Paris to showcase our capabilities at the world’s largest air show. I decided to do it,” Yehu Ofer said. , CEO of Odysight.ai. “His Odysight presence at the Paris Air Show truly puts us on the global stage and provides a unique opportunity to showcase our proven and unrivaled capabilities to the global predictive maintenance commercial market. We are honored to introduce Odysight.ai to the world.”
During the event, Odysight.ai will host an engaging panel discussion titled “How will visual sensing and video analytics in aviation contribute to next-generation PHM solutions?” The panel will be led by Prof. Jacob Boatman (IAF Retired Brigadier General), the company’s Business Development Industry 4.0 Director and current Director of the Prognostic and Health Management (PHM) Laboratory at Ben-Gurion University. Mr. Negev, who previously served as the Israeli Air Force (IAF) Director of Logistics, will take place on June 21, 2023 from 12:15 p.m. to 2:00 p.m. GMT +2. A panel discussion will highlight his PHM’s critical role in efficiently detecting and reducing maintenance costs and improving aircraft availability and safety. Odysight.ai, along with other experts in various aeronautical fields, investigates the challenges faced by critical systems and proposes proactive measures to overcome them.
About Odysight.ai
Odysight.ai is pioneering the predictive maintenance (PdM) and condition-based monitoring (CBM) markets with its visualization and AI platform. Odysight.ai provides video sensor-based solutions for critical systems in the aviation, transportation and energy industries, leveraging proven visual technology and products in the medical industry. Odysight’s.ai’s proprietary video-based sensors, embedded software, and AI algorithms are deployed in hard-to-access locations and harsh environments across a variety of PdM and CBM use cases. Odysight’s .ai platform gives maintenance and operations teams visibility into areas that are inaccessible during normal operations or where the operating environment is not suitable for continuous real-time monitoring.
For more information, visit https://www.odysight.ai or follow us on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
The information contained in this news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events or the future performance of the Company. All statements contained in this press release that do not relate to historical facts, including without limitation our participation in the 2023 Paris Air Show, are considered forward-looking statements. In some cases, “may”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “likely” In some cases, forward-looking statements can be identified by terms such as “there are or “continuation”, or the negation of these terms, or other equivalent terms. These statements are based on information available to us at the time such statements were made or on the current expectations of our management, and actual performance or results are not represented or implied by forward-looking statements. are subject to risks and uncertainties that may differ materially from those Factors that may affect our results, performance, conditions and achievements include, but are not limited to: (i) market acceptance of our existing and new products, including those utilizing our micro-Odysight.ai technology and those offering predictive maintenance and condition; (ii) long product delays in key markets; (iii) failure to secure regulatory approval for marketing of our products; (iv) much larger multinationals in the medical device and related industries; (v) product liability claims, product failures, and the ability of Odysight.ai’s solutions to operate under all environmental conditions; (vi) our limited manufacturing capabilities and assistance to third parties; (vii) our inability to establish sales, marketing and distribution capabilities, (viii) our inability to commercialize our products, (viii) our inability to attract and retain qualified personnel, (ix) our Efforts to obtain and maintain intellectual property protection covering our products may not be successful; (x) reliance on a single supplier for certain product components, which includes our complementary metal oxide semiconductor Contains small video sensors suitable for technical products. (xi) the fact that we may need to raise additional capital to meet our business requirements in the future and such capital raising may be costly, dilutive or risky; (xii) the impact of pandemics such as COVID-19 (coronavirus); and (xiv) we operate in multiple foreign jurisdictions and may experience fluctuations in foreign exchange rates, logistics, global supply chains and Communication challenges, burdens and costs associated with complying with foreign laws, political and economic instability in each jurisdiction. These are discussed in Odysight.ai’s Form 10-K Annual Report filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2023 and the Company’s other reports filed with the SEC. and other important factors may cause actual results to differ materially. As indicated by the forward-looking statements contained in this press release. Odysight.ai undertakes no obligation to publicly update or revise any forward-looking information, except as required by applicable securities laws.
Company contact:
Tanya Yosef, CFO
Tanya.yosef@scoutcam.com
Phone: +972 (73) 370 469
Investor Information Contact:
Miri Segal
MS-IR LLC
msegal@ms-ir.com
Phone: +1-917-607-8654
Source: ScoutCam Inc.
2023 GlobeNewswire, Inc., source press release
