Clark County School District Board of Trustees formally approves, by unanimous vote, the awarding of a weapons detection contract to Remark Holdings, Alliance Technology Group, and Mcintosh Communications worth $5 million per year over a period of as many as 10 years
Remark Holdings, a leading provider of AI solutions, has secured a weapons detection contract with the Clark County School District Board of Trustees worth $5 million per year for up to 10 years. The contract includes options to extend for nine more years, emphasizing the company's ability to provide scalable AI-powered safety solutions to large school districts.
Securing a $5 million per year contract with the Clark County School District Board of Trustees highlights Remark Holdings' ability to provide AI solutions for safety in large school districts.
The contract includes options to extend for up to 10 years, showcasing a long-term revenue potential for the company.
The proliferation of illegal weapons possession on school properties indicates a concerning safety issue that the district is facing.
While the contract represents a significant opportunity for Remark Holdings, it also underscores the growing need for advanced safety solutions in educational institutions.
The
"We are excited to deepen our relationship with the Clark County System in providing safety solutions to address the proliferation of illegal weapons possession on school properties. Given the size of CCSD as the fifth most populous school system in
About Remark Holdings, Inc.
Remark Holdings, Inc. (OTCQX: MARK), the industry leader in AI-powered analytics computer vision and smart agent solutions, delivers an integrated suite of AI tools that help organizations understand their customer demographics and behavior while monitoring, understanding, and acting on potential security threats in real time. Remark consists of an international team of sector-experienced professionals who have created award-winning video analytics. The company's GDPR-compliant and CCPA-compliant solutions focus on sectors including government agencies, hospitality, public safety, retail, and transportation. The company's headquarters are in
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Company Contact
Fay Tian
Vice President of Investor Relations
Remark Holdings
F.Tian@remarkholdings.com
(+1) 626-623-2000
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SOURCE Remark Holdings, Inc.
FAQ
What contract was awarded by the Clark County School District Board of Trustees to Remark Holdings, Alliance Technology Group, and Mcintosh Communications?
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How many options to extend the contract are included in the agreement?
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