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(Note: This is a NASDAQ uplisting – a public offering – and NOT an IPO. The stock currently trades on the OTCQB.)
We are a pioneer in the development, production and marketing of an innovative visualization and artificial intelligence, or AI, solution that deploys small cameras to monitor critical safety components in hard-to-reach locations and harsh environments, across various Predictive Maintenance, or PdM, and Condition Based Monitoring, or CBM, use cases. (Incorporated in Nevada)
We aim to be the industry benchmark for real-time, visual-based machine and infrastructure health monitoring through AI and machine learning data analytics.
The Odysight TruVision solution streams visual information to our processing unit, an in-platform, high-performance AI/machine learning computer, allowing maintenance and operations teams, on the ground and during operations, visibility into areas that are inaccessible under normal operating conditions or where conditions are not suitable for continuous real-time monitoring. The rich and informative data, continuously collected and analyzed by our solution on our secured cloud, provides customers with real-time failure / anomaly detection, events and data recordings, interfacing with platform mission systems and providing real-time alerts and streaming video or images, all while training our algorithms for ongoing improved accuracy and prediction capabilities. Our customers benefit from increased safety, a reduction in downtime and lower maintenance costs for their monitored platforms, using the prediction capabilities of our solution to efficiently plan maintenance work on monitored components.
Note: Net loss and revenue are for the 12 months that ended Sept. 30, 2024.
(Note: Odysight.AI upsized its public offering/NASDAQ uplisting deal at pricing to 3.3 million shares (3,307,692 shares) – UP from 2.53 million shares in the prospectus – and priced the offering at $6.50 – $2.00 below the assumed public offering price in the prospectus – to raise $21.5 million on Monday night, Feb. 10, 2025. Background: Odysight.AI increased the size of its public offering – a NASDAQ uplisting deal – to 2.53 million shares (2,529,411 shares) – up from 2.12 million shares (2,117,647 shares) initially – and kept the assumed public offering price at $8.50 – to raise $21.51 million, according to its S-1/A filing dated Jan. 31, 2025. The assumed public offering price of $8.50 is Odysight.AI’s closing stock price on the OTCQB on Jan. 23, 2025. Background: Odysight.AI disclosed the terms of its public offering (NASDAQ uplisting) – 2.12 million shares (2,117,647 shares) at $8.50 each – in an S-1/A filing dated Jan. 24, 2025. )
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