Airship AI Secures Follow-On Seven-Figure Contract Award with Fortune 100 Transportation & E-Commerce Company

Rhea-AI Summary

Airship AI Holdings (NASDAQ: AISP) has secured a seven-figure, one-year system maintenance and sustainment contract renewal with an existing Fortune 100 transportation and e-commerce customer. The contract focuses on the Company's Acropolis Enterprise Video and Data Management platform, supporting operational and physical security requirements across global locations.

The contract encompasses health monitoring, technical and engineering support, and software maintenance, showcasing Airship AI's ability to generate revenue through professional services alongside traditional software and hardware offerings. The Acropolis platform enables customers to manage devices and sensors across their digital ecosystem, utilizing AI at both edge and backend levels to optimize operational efficiency and improve real-time decision-making capabilities.

Positive

• Secured new seven-figure contract with Fortune 100 customer
• Demonstrates recurring revenue potential through maintenance and support services
• Validates platform's capability to handle large-scale enterprise operations
• Expands revenue streams beyond traditional software and hardware sales

Negative

• None.

Insights

Enterprise Technology Analyst

This contract renewal marks a strategic win for Airship AI, particularly given the client's Fortune 100 status in the transportation and e-commerce sector. The seven-figure follow-on agreement demonstrates two critical business strengths: high-value customer retention and the company's ability to deliver enterprise-grade solutions at scale.

The contract's structure reveals an evolving business model that combines professional services with traditional software and hardware offerings. This hybrid approach typically yields higher margins and more predictable revenue streams, essential for small-cap technology companies. The inclusion of ongoing health monitoring and technical support suggests a sticky, long-term relationship that could lead to expanded service adoption.

Technologically, Airship AI's platform demonstrates key differentiators:

• Sensor-agnostic architecture allowing integration with existing infrastructure
• Edge-based AI capabilities through Outpost AI
• Centralized management of distributed operations
• Cloud and on-premises deployment flexibility

The ability to avoid 'rip and replace' requirements addresses a major pain point for enterprise customers, potentially lowering the barrier to adoption and expanding the addressable market. Given the increasing focus on operational efficiency and security in global logistics, this contract positions Airship AI to capture more enterprise accounts seeking unified security solutions with AI capabilities.

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 info@airship.ai.

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
AISP@mzgroup.us

FAQ

What is the value and duration of Airship AI's (AISP) new contract with the Fortune 100 company?

Airship AI secured a seven-figure contract for one year, focusing on system maintenance and sustainment services.

What services will Airship AI (AISP) provide under the new contract?

The contract includes health monitoring, technical and engineering support, and software maintenance for the Acropolis Enterprise Video and Data Management platform.

How does Airship AI's (AISP) Acropolis platform benefit enterprise customers?

The Acropolis platform enables customers to manage devices and sensors across their digital ecosystem, utilizing AI at both edge and backend levels to optimize operational efficiency and improve real-time decision-making.

What is the significance of this contract renewal for Airship AI (AISP)?

The renewal demonstrates the platform's effectiveness for large-scale operations and shows Airship AI's ability to generate revenue through professional services alongside traditional offerings.