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Airship AI Selected by the Department of Defense for Brand Name Only Award of Acropolis Enterprise Video and Data Management Platform

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Airship AI Holdings, Inc. (NASDAQ: AISP) has secured a significant contract with the Department of Defense (DoD) for its Acropolis Enterprise Sensor Management platform. The contract spans a base year with four option years and marks the first deployment of Airship AI's Acropolis ecosystem at the DoD level. This platform will enable the agency to manage digital evidence globally with enhanced efficiency.

The selection followed thorough market research by the DoD, which found Airship AI's platform uniquely capable of supporting secure collaboration among DoD and other federal agencies in joint investigative operations. This contract is part of Airship AI's broader collaboration with various DoD agencies, including the Navy, Army, and Air Force, with several projects expected to advance from pilot to full acquisition in coming quarters.

Airship AI Holdings, Inc. (NASDAQ: AISP) ha ottenuto un contratto significativo con il Dipartimento della Difesa (DoD) per la sua piattaforma Acropolis Enterprise Sensor Management. Il contratto copre un anno di base con quattro anni opzionati e segna il primo utilizzo dell'ecosistema Acropolis di Airship AI a livello DoD. Questa piattaforma consentirà all'agenzia di gestire le prove digitali a livello globale con una maggiore efficienza.

La selezione è avvenuta dopo un'accurata ricerca di mercato condotta dal DoD, che ha constatato che la piattaforma di Airship AI è particolarmente in grado di supportare la collaborazione sicura tra il DoD e altre agenzie federali nelle operazioni investigative congiunte. Questo contratto fa parte di una più ampia collaborazione di Airship AI con varie agenzie del DoD, tra cui la Marina, l'Esercito e l'Aeronautica, con diversi progetti che si prevede passeranno da un progetto pilota all'acquisizione completa nei prossimi trimestri.

Airship AI Holdings, Inc. (NASDAQ: AISP) ha conseguido un contrato significativo con el Departamento de Defensa (DoD) para su plataforma Acropolis Enterprise Sensor Management. El contrato abarca un año base con cuatro años opcionales y marca el primer despliegue del ecosistema Acropolis de Airship AI a nivel DoD. Esta plataforma permitirá a la agencia gestionar evidencias digitales a nivel global con mayor eficiencia.

La selección se realizó tras una exhaustiva investigación de mercado por parte del DoD, que encontró que la plataforma de Airship AI era singularmente capaz de apoyar la colaboración segura entre el DoD y otras agencias federales en operaciones investigativas conjuntas. Este contrato es parte de una colaboración más amplia de Airship AI con varias agencias del DoD, incluyendo la Marina, el Ejército y la Fuerza Aérea, con varios proyectos que se espera avancen de piloto a adquisición completa en los próximos trimestres.

Airship AI Holdings, Inc. (NASDAQ: AISP)는 국방부(DoD)와 아크로폴리스 엔터프라이즈 센서 관리 플랫폼에 대한 중요한 계약을 체결했습니다. 이 계약은 1년의 기본 계약과 4년의 선택 계약으로 구성되며, Airship AI의 아크로폴리스 생태계가 DoD 수준에서 처음으로 배포됩니다. 이 플랫폼은 기관이 전 세계적으로 디지털 증거를 관리하는 데 더 높은 효율성을 제공할 것입니다.

선정은 DoD의 철저한 시장 조사를 통해 이루어졌으며, Airship AI의 플랫폼은 DoD 및 기타 연방 기관 간의 공동 조사 작업에서 안전한 협업을 지원할 수 있는 독특한 능력을 가지고 있다고 판단되었습니다. 이 계약은 해군, 육군 및 공군을 포함한 여러 DoD 기관과의 Airship AI의 광범위한 협업의 일부이며, 여러 프로젝트가 향후 분기 내에 파일럿에서 전체 획득으로 진행될 것으로 예상됩니다.

Airship AI Holdings, Inc. (NASDAQ: AISP) a sécurisé un contrat significatif avec le Département de la Défense (DoD) pour sa plateforme Acropolis Enterprise Sensor Management. Le contrat couvre une année de base avec quatre années d'options et marque le premier déploiement de l'écosystème Acropolis d'Airship AI au niveau du DoD. Cette plateforme permettra à l'agence de gérer des preuves numériques à l'échelle mondiale avec une efficacité accrue.

La sélection a suivi une recherche de marché approfondie menée par le DoD, qui a constaté que la plateforme d'Airship AI était particulièrement capable de soutenir une collaboration sécurisée entre le DoD et d'autres agences fédérales dans des opérations d'enquête conjointes. Ce contrat fait partie de la collaboration plus large d'Airship AI avec diverses agences du DoD, y compris la Marine, l'Armée et l'Air Force, avec plusieurs projets qui devraient passer d'un projet pilote à une acquisition complète dans les prochains trimestres.

Airship AI Holdings, Inc. (NASDAQ: AISP) hat einen bedeutenden Vertrag mit dem Verteidigungsministerium (DoD) über ihre Plattform Acropolis Enterprise Sensor Management gesichert. Der Vertrag umfasst ein Basisjahr mit vier Optionjahren und markiert den ersten Einsatz des Acropolis-Ökosystems von Airship AI auf DoD-Ebene. Diese Plattform wird es der Behörde ermöglichen, digitale Beweismittel weltweit effizienter zu verwalten.

Die Auswahl erfolgte nach einer gründlichen Marktanalyse des DoD, das herausfand, dass die Plattform von Airship AI einzigartig in der Lage ist, eine sichere Zusammenarbeit zwischen dem DoD und anderen Bundesbehörden bei gemeinsamen Ermittlungen zu unterstützen. Dieser Vertrag ist Teil einer breiteren Zusammenarbeit von Airship AI mit verschiedenen DoD-Agenturen, einschließlich der Marine, des Heeres und der Luftwaffe, wobei mehrere Projekte erwartet werden, die von einem Pilotprojekt in den nächsten Quartalen zur vollständigen Übernahme weiterentwickelt werden.

Positive
  • Secured a base year plus four option year contract with the Department of Defense
  • First deployment of Acropolis ecosystem at the DoD level
  • Platform selected as uniquely capable for secure collaboration among DoD and federal agencies
  • Ongoing collaborations with Navy, Army, and Air Force departments
  • Several projects expected to advance from pilot to full acquisition in coming quarters
Negative
  • None.

Insights

The DoD's selection of Airship AI's Acropolis platform signifies a major milestone for the company's expansion into high-level government contracts. This brand name only award demonstrates the platform's unique capabilities in handling complex, multi-agency investigative operations. The five-year contract structure (base plus four options) suggests long-term potential for recurring revenue and further integration within DoD systems.

The Acropolis ecosystem's ability to unify disparate data sources into a secure enterprise management system addresses a critical need in modern defense operations. Built on NVIDIA's Jetson platform, the Outpost AI Edge Appliance offers advanced edge computing capabilities, which is important for real-time processing in sensitive environments. This technological edge could position Airship AI as a key player in the evolving defense tech landscape.

This contract win is a significant development for Airship AI (NASDAQ: AISP), potentially impacting its financial outlook. While specific contract values aren't disclosed, DoD contracts often involve substantial sums. The five-year structure provides revenue visibility and stability, which investors typically value highly.

The mention of ongoing pilots with various DoD branches suggests a pipeline for future growth. If these pilots convert to full acquisitions as hinted, it could lead to a material increase in Airship AI's order book and revenue projections. Investors should monitor the company's upcoming financial reports for quantitative impacts of this contract and potential follow-on orders. The stock may see increased attention from institutional investors specializing in defense technology sectors.

The DoD's brand name only selection of Airship AI's Acropolis platform is legally significant. This designation indicates that the DoD has determined Airship AI's solution to be uniquely capable of meeting its requirements, potentially bypassing competitive bidding processes. This could provide a strong moat against competitors in future DoD contracts.

However, investors should be aware that government contracts often come with stringent compliance requirements and potential for scrutiny. Airship AI must ensure robust data security and privacy measures, particularly given the sensitive nature of DoD operations. Any breaches or compliance issues could lead to severe legal and reputational consequences. The company's ability to meet these high standards will be important for maintaining and expanding its government contract portfolio.

Base Year Plus Four Option Year Contract to Replace Existing Platform Supporting Domestic and Global Investigative Operations Marks the Inaugural Deployment of Acropolis Ecosystem at the Department of Defense Level

REDMOND, Wash., Aug. 20, 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 been awarded a base year plus four option year contract by the Department of Defense (DoD) for the Company’s Acropolis Enterprise Sensor Management video and data management platform.

This brand name only selection by the agency marks the inaugural deployment of Airship AI’s Acropolis ecosystem at the DoD level. This platform is designed to enable the agency to collect, distribute, and manage digital evidence with unparalleled effectiveness and efficiency on a global scale. By integrating various disparate data sources into a unified, highly secure enterprise management system, Airship AI streamlines and enhances the overall process.

“This initiative is part of our broader collaboration with various DoD agencies, including the Departments of the Navy, Army, and Air Force, where we’ve been working to build out our platform to support their investigative and physical surveillance needs,” said Paul Allen, President of Airship AI. “Several of these projects are anticipated to advance from the pilot phase to full acquisition in the coming quarters, as we continue to tailor our base security and law enforcement investigative solutions to DoD specific workflow requirements.”

“For this effort, the customer undertook thorough market research and concluded that the Airship AI Acropolis software platform was uniquely capable of enabling secure and effective collaboration among DoD and other federal agencies in joint investigative operations. We’re excited to support the customer over the next five years and to work alongside them and their partnered federal law enforcement agencies continuing to expand the use of the Acropolis platform for video, audio, and metadata evidence collection and distribution.”

Airship AI’s Acropolis backend enterprise management system enables customers to manage devices and sensors across their entire digital eco-system, directly to the cloud or through Airship AI’s Outpost AI Edge Appliance. Built on the NVIDIA Jetson platform, Outpost AI provides advanced analytic processing at the edge, along with highly efficient video and metadata encoding and encryption over various radio and network backhauls back to the cloud.

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 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 contract did Airship AI (AISP) recently secure with the Department of Defense?

Airship AI (AISP) secured a base year plus four option year contract with the Department of Defense for its Acropolis Enterprise Sensor Management video and data management platform.

How will the Acropolis platform benefit the Department of Defense?

The Acropolis platform will enable the DoD to collect, distribute, and manage digital evidence globally with enhanced efficiency, integrating various data sources into a unified, secure enterprise management system.

What other DoD agencies is Airship AI (AISP) collaborating with?

Airship AI (AISP) is collaborating with various DoD agencies, including the Departments of the Navy, Army, and Air Force, to support their investigative and physical surveillance needs.

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

This contract marks the inaugural deployment of Airship AI's (AISP) Acropolis ecosystem at the Department of Defense level, potentially leading to expanded use of the platform for video, audio, and metadata evidence collection and distribution.

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