Airship AI secures a one-year contract to enhance security management for a Fortune 100 client using its Acropolis platform.
Quiver AI Summary
Airship AI Holdings, Inc. has announced a one-year maintenance and sustainment contract with a Fortune 100 customer for its Acropolis Enterprise Video and Data Management platform, aimed at enhancing operational and physical security across global locations. This seven-figure contract includes ongoing health monitoring, technical support, and software maintenance, reflecting Airship AI's commitment to improving safety and efficiency for large-scale operations. The Acropolis system allows customers to manage surveillance devices and sensors efficiently, leveraging AI to optimize operations and decision-making. Airship AI aims to further develop its AI-driven offerings to create operational efficiencies for its clients.
Potential Positives
- Airship AI has secured a follow-on expansion contract with a Fortune 100 customer for its Acropolis platform, highlighting the platform's effectiveness in supporting large-scale operational and physical security needs.
- The contract, valued in the seven-figure range, will provide ongoing health monitoring, technical support, and software maintenance, showcasing the company's ability to generate recurring revenue from professional services.
- The Acropolis platform enhances operational efficiency and real-time decision-making capabilities, indicating strong demand for AI-driven surveillance solutions in global logistics.
- By allowing the integration of edge-based AI with existing infrastructure, Airship AI demonstrates a commitment to customer cost-efficiency and minimizing operational disruptions.
Potential Negatives
- The press release heavily relies on forward-looking statements, which may create uncertainty regarding the company's future performance and operational metrics, potentially leading to investor skepticism.
- The mention of risks and uncertainties associated with forward-looking statements highlights potential vulnerabilities in the company's operations that may adversely affect investor confidence.
- The need for ongoing technical and engineering support in the seven-figure contract could indicate potential limitations or challenges with the Acropolis platform that customers may face, raising concerns about the system's robustness.
FAQ
What is the Acropolis Enterprise Video and Data Management Platform?
The Acropolis platform is an AI-driven system that manages video, sensors, and data for operational and physical security needs.
Who is the recent contract awarded to?
The recent contract was awarded to a Fortune 100 customer, indicating its reliability in large-scale operations.
What services are included in the seven-figure contract?
The contract includes ongoing health monitoring, technical support, engineering support, and software maintenance for the customer.
How does Acropolis enhance security operations?
Acropolis allows management of global operations from a single security operations center, improving overall efficiency and safety.
What makes Airship AI different from competitors?
Airship AI offers a sensor-agnostic approach and integrates edge AI capabilities, providing efficient upgrades without major disruptions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AISP Insider Trading Activity
$AISP insiders have traded $AISP stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $AISP stock by insiders over the last 6 months:
- YANDA MA (Chief Technology Officer) has made 0 purchases and 3 sales selling 120,000 shares for an estimated $584,100.
- MARK E SCOTT (Chief Financial Officer) sold 22,000 shares for an estimated $137,425
- PAUL M. ALLEN (President) sold 30,000 shares for an estimated $101,865
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AISP Hedge Fund Activity
We have seen 34 institutional investors add shares of $AISP stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARMISTICE CAPITAL, LLC added 1,300,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $2,990,000
- BLACKROCK, INC. added 482,336 shares (+171.1%) to their portfolio in Q3 2024, for an estimated $1,109,372
- NUVEEN ASSET MANAGEMENT, LLC added 212,710 shares (+324.7%) to their portfolio in Q3 2024, for an estimated $489,232
- MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD. removed 92,679 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $580,170
- STATE STREET CORP added 45,247 shares (+54.2%) to their portfolio in Q3 2024, for an estimated $104,068
- GOLDMAN SACHS GROUP INC added 44,847 shares (+inf%) to their portfolio in Q3 2024, for an estimated $103,148
- NORTHERN TRUST CORP added 40,772 shares (+154.8%) to their portfolio in Q3 2024, for an estimated $93,775
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Acropolis Enterprise Video and Data Management Platform Supports Operational and Physical Security Requirements for Global Locations
REDMOND, Wash., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Airship AI Holdings, Inc. (NASDAQ: AISP) (“Airship AI” or the “Company”), a leader in AI-driven video, sensor, and data management surveillance solutions, today announced it has been awarded an additional one (1) year system maintenance and sustainment contract for an existing Fortune 100 customer leveraging the Company’s Acropolis Enterprise Video and Data Management platform supporting operational and physical security requirements.
“Our follow-on expansion contract with this flagship customer is a testament to the Acropolis eco-system’s ability to enhance physical security at the scale needed for the large-scale operations of the world’s largest corporations,” said Paul Allen, President of Airship AI. “This allows the customer to continue to federate and manage global logistical operations from a single security operations center.
“The seven-figure contract includes ongoing health monitoring, technical and engineering support, and software maintenance, demonstrating the ability to provide revenue from a mix of professional services in addition to our traditional software and hardware offerings. With employee safety and operational efficiency a key mission for this global Fortune 100 company, we look forward to further developing our suite of AI driven offerings to create additional efficiencies and continual improvements to operational effectiveness,” concluded Allen.
Airship AI’s Acropolis backend enterprise management system enables customers to manage devices and sensors across their entire digital eco-system, 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 an edge-based AI platform Outpost AI, customers can efficiently add “smarts” to existing edge sensors, avoiding costly and operationally disruptive rip and replace requirements.
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 [email protected] .
About Airship AI Holdings, Inc.
Founded in 2006, Airship AI (NASDAQ: AISP) 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 .
Forward-Looking Statements
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
[email protected]