REDMOND, Wash., June 11, 2024 (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, has signed a large base year contract and four-year option agreement with agencies within the Department of Justice (DOJ) for the Company’s Acropolis Enterprise Sensor Management video and data management platform in support of emerging public safety and investigative requirements.
“This award marks a significant expansion of our existing Acropolis ecosystem deployments and demonstrates our ability to scale and reach as government agency requirements grow,” said Paul Allen, president of Airship AI. “Equally exciting is that our customers can leverage the work done by DOJ and other agencies within the Department of Homeland Security to transition from their existing on-premise operations to a FedRAMP Authorized Cloud Environment, a government-wide program that provides a standardized approach to security assessment, authorization and continuous monitoring of cloud products and services.”
Airship AI's Acropolis backend enterprise management system enables customers to manage devices and sensors across their digital ecosystems directly to the cloud or through Airship AI's Outpost AI Edge Appliance. Built on the NVIDIA Jetson platform, Outpost AI provides advanced analytical processing at the edge, as well as highly efficient video and metadata encoding and encryption back to the cloud over a range of wireless and network backhaul.
“We believe that our successful conversion of this opportunity into a potentially long-term contractual relationship is a further indication of the strength and maturity of our pipeline, as reflected in our existing pipeline stretching out to 2024,” Allen added. “The work required to validate our product's capabilities for agency requirements and go through the process of becoming technically certified to run on government networks, including up to FedRAMP High, is a long and significant process. As we continue to switch agencies to Airship and expand its footprint after installation, it is a testament to the strength of our platform and team.”
To experience how Airship AI and its suite of enterprise video and data management solutions can help your organization solve complex video and data management challenges, email your request to info@airship.ai.
About Airship AI Holdings, Inc.
Founded in 2006, Airship AI is a US 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 analytics and actionable information to decision makers before events occur. Airship AI's product suite includes Outpost AI edge hardware and software products, the Acropolis enterprise management software stack, and the Command family of visualization tools.
For more information, visit https://airship.ai.
Forward-Looking Statements
This disclosure contains certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “expect,” “intend,” “anticipate,” “should,” “would,” “plan,” “project,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or 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 operating metrics, and forecasts of market opportunities; (2) statements regarding changes in, expansion plans and opportunities in the market for Airship AI's services and technology; (3) Airship AI's anticipated technological developments; and (4) current and potential future commercial and customer relationships. These statements are based on various assumptions and the current expectations of Airship AI's management, whether or not identified in this press release, and are not intended to predict actual performance. These forward-looking statements are also subject to a number of risks and uncertainties, as described in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on April 1, 2024, and other documents we have filed or will file with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results may differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or projections of future events and views as of the date of this press release. We expect that subsequent events or developments will cause our assessments to change. However, while we may update these forward-looking statements in the future, we assume no obligation to do so. These forward-looking statements should not be relied upon as representing our assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed on forward-looking statements.
Investor Contact:
Chris Tyson/Larry Holub
MZ North America
949-491-8235
AISP@mzgroup.us
