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Dr. Carlo Papa Appointed to Board of Directors of Odysight.ai

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Odysight.ai Inc. (OTCQB: ODYS), a leader in AI-driven Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM), has appointed Dr. Carlo Papa to its board of directors. Dr. Papa brings over 20 years of experience in energy and finance sectors, with expertise in innovation focused on climate change mitigation and energy transition.

Dr. Papa currently serves as a Senior Fellow at the Columbia Center on Sustainable Investment and as a member of the Impact Advisory Board of SACE. His background includes roles as Managing Director of a major Italian think-tank, where he formed international partnerships and executed scientific projects in energy, climate, and finance.

The appointment is expected to bring valuable insights to Odysight.ai as it expands into new markets and verticals. Prof. Benad Goldwasser, Chairman of the Board, expressed enthusiasm about Dr. Papa's addition to the board, highlighting its potential to guide the company's strategic growth and continued success.

Odysight.ai Inc. (OTCQB: ODYS), leader nella Manutenzione Predittiva (PdM) e nel Monitoraggio Basato sulle Condizioni (CBM) alimentato dall'IA, ha nominato Dr. Carlo Papa nel suo consiglio di amministrazione. Il Dr. Papa porta con sé oltre 20 anni di esperienza nei settori dell'energia e della finanza, con competenze nell'innovazione focalizzata sulla mitigazione dei cambiamenti climatici e sulla transizione energetica.

Attualmente, il Dr. Papa è Senior Fellow presso il Columbia Center on Sustainable Investment e membro del Comitato Consultivo per l'Impatto di SACE. La sua carriera include ruoli come Direttore Generale di un importante think tank italiano, dove ha creato partnership internazionali ed eseguito progetti scientifici nei settori dell'energia, del clima e della finanza.

Ci si aspetta che questa nomina porti preziose intuizioni a Odysight.ai mentre si espande in nuovi mercati e settori. Il Prof. Benad Goldwasser, Presidente del Consiglio, ha espresso entusiasmo per l'aggiunta del Dr. Papa al consiglio, evidenziando il suo potenziale per guidare la crescita strategica dell'azienda e il suo continuo successo.

Odysight.ai Inc. (OTCQB: ODYS), líder en Mantenimiento Predictivo (PdM) y Monitoreo Basado en Condiciones (CBM) impulsado por IA, ha nombrado al Dr. Carlo Papa en su consejo de administración. El Dr. Papa aporta más de 20 años de experiencia en los sectores de energía y finanzas, con especialización en innovación enfocada en la mitigación del cambio climático y la transición energética.

Actualmente, el Dr. Papa se desempeña como Senior Fellow en el Columbia Center on Sustainable Investment y como miembro del Consejo Asesor de Impacto de SACE. Su trayectoria incluye roles como Director General de un importante think tank italiano, donde formó asociaciones internacionales y ejecutó proyectos científicos en energía, clima y finanzas.

Se espera que este nombramiento brinde valiosas perspectivas a Odysight.ai a medida que se expande a nuevos mercados y verticales. El Prof. Benad Goldwasser, Presidente del Consejo, expresó su entusiasmo por la incorporación del Dr. Papa al consejo, destacando su potencial para guiar el crecimiento estratégico de la empresa y su continuo éxito.

Odysight.ai Inc. (OTCQB: ODYS)는 AI 기반 예측 유지보수(PdM) 및 상태 기반 모니터링(CBM)에서 선두주자로, 카를로 파파 박사를 이사로 임명했습니다. 파파 박사는 에너지 및 금융 분야에서 20년 이상의 경험을 쌓았으며, 기후 변화 완화 및 에너지 전환을 중심으로 한 혁신 전문성을 갖추고 있습니다.

현재 파파 박사는 콜럼비아 지속 가능한 투자 센터의 시니어 펠로우로 활동 중이며, SACE의 영향력 자문 위원회의 일원입니다. 그는 이탈리아의 주요 싱크탱크에서 전무 이사로 근무하며 국제 파트너십을 형성하고 에너지, 기후 및 금융 분야의 과학 프로젝트를 수행한 경력이 있습니다.

이번 임명은 Odysight.ai가 새로운 시장과 산업으로 확장하는 데 귀중한 통찰력을 제공할 것으로 기대됩니다. 베난드 골드바서 회장은 파파 박사의 이사 임명에 대한 기대감을 표명하며, 회사의 전략적 성장과 지속적인 성공을 이끌어갈 수 있는 잠재력을 강조했습니다.

Odysight.ai Inc. (OTCQB: ODYS), leader dans la Maintenance Prédictive (PdM) et le Suivi Basé sur les Conditions (CBM) propulsé par l'IA, a nommé Dr. Carlo Papa au conseil d'administration. Dr. Papa apporte plus de 20 ans d'expérience dans les secteurs de l'énergie et de la finance, avec une expertise en innovation axée sur l'atténuation des changements climatiques et la transition énergétique.

Actuellement, Dr. Papa est Senior Fellow au Columbia Center on Sustainable Investment et membre du Comité Consultatif d'Impact de SACE. Son parcours inclut des rôles de Directeur Général d'un important think tank italien, où il a formé des partenariats internationaux et exécuté des projets scientifiques dans les domaines de l'énergie, du climat et des finances.

On s'attend à ce que cette nomination apporte des perspectives précieuses à Odysight.ai alors qu'elle s'étend à de nouveaux marchés et secteurs. Le Prof. Benad Goldwasser, Président du Conseil, a exprimé son enthousiasme quant à l'ajout de Dr. Papa au conseil, soulignant son potentiel pour guider la croissance stratégique de l'entreprise et son succès continu.

Odysight.ai Inc. (OTCQB: ODYS), führend in der KI-gestützten Predictive Maintenance (PdM) und Condition-Based Monitoring (CBM), hat Dr. Carlo Papa in seinen Vorstand berufen. Dr. Papa bringt über 20 Jahre Erfahrung in den Bereichen Energie und Finanzen mit, wobei sein Fokus auf Innovationen zur Minderung des Klimawandels und der Energiewende liegt.

Derzeit ist Dr. Papa Senior Fellow am Columbia Center on Sustainable Investment und Mitglied des Impact Advisory Board von SACE. Zijn Erfahrungen umfassen Positionen als Geschäftsführer eines großen italienischen Denkfabrik, wo er internationale Partnerschaften knüpfte und wissenschaftliche Projekte in den Bereichen Energie, Klima und Finanzen umsetzte.

Die Ernennung wird voraussichtlich wertvolle Einblicke für Odysight.ai bringen, während sich das Unternehmen in neue Märkte und Sektoren ausweitet. Professor Benad Goldwasser, Vorsitzender des Vorstands, äußerte sich begeistert über die Hinzufügung von Dr. Papa zum Gremium und betonte dessen Potenzial, das strategische Wachstum des Unternehmens und dessen anhaltenden Erfolg zu fördern.

Positive
  • Appointment of Dr. Carlo Papa to the board of directors, bringing over 20 years of experience in energy and finance sectors
  • Potential for accelerated expansion into new verticals due to Dr. Papa's expertise in innovation and energy transition
  • Strengthening of the board's ability to guide strategic growth in target markets
Negative
  • None.

OMER, Israel, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Odysight.ai Inc. (OTCQB: ODYS), a pioneer in AI driven Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM), is pleased to announce the appointment of Dr. Carlo Papa, to its board of directors.

Dr. Papa brings over two decades of experience and strategic leadership within the energy and finance sectors, along with vast practice knowledge in innovation with focus on climate change mitigation and energy transition that could be instrumental in helping accelerate Odysight’s expansion into new verticals. Dr. Papa currently serves as a Senior Fellow at the Columbia Center on Sustainable Investment at Columbia University and as a member of the Impact Advisory Board of SACE, the Italian export credit agency. Until recently, Dr. Papa served as Managing Director of a major Italian think-tank, where he played an active role in forming international partnerships within academia and research centers and helped execute major scientific projects at the crossroads of energy, climate and finance. His work spans ESG strategy and operation, with a key focus on advancing energy transition innovation projects and contributing to major scientific initiatives, including the first G20 Climate Atlas and and the World Meteorological Organization State of Climate Services for Energy report. Dr. Papa’s extensive background will bring valuable insights to Odysight.ai as the Company advances its leadership in Predictive Maintenance and AI-driven solutions to new markets and verticals.

Prof. Benad Goldwasser, Chairman of the Board, said, “We are delighted to welcome Dr. Papa to our board of directors. His appointment further strengthens our board’s ability to guide Odysight.ai’s strategic growth in our target markets, paving the way for the Company’s continued growth and success.”

About Odysight.ai

Odysight.ai is pioneering the Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) markets with its visualization and AI platform. Providing video sensor-based solutions for critical systems in the aviation, transportation, and energy industries, Odysight.ai leverages proven visual technologies and products from the medical industry. Odysight.ai’s unique video-based sensors, embedded software, and AI algorithms are being deployed in hard-to-reach locations and harsh environments across a variety of PdM and CBM use cases. Odysight.ai’s platform allows maintenance and operations teams visibility into areas which are inaccessible under normal operation, or where the operating ambience is not suitable for continuous real-time monitoring. For more information, please visit: https://www.odysight.ai or follow us on TwitterLinkedIn and YouTube.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding the impact of Dr. Papa’s board appointment, including on the Company’s future growth and success. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Those statements are based on information we have when those statements are made or our management’s current expectation and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to the following: (i) market acceptance of our existing and new products, including those that utilize our micro Odysight.ai technology or offer Predictive Maintenance and Condition Based Monitoring applications, (ii) lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device and related industries from much larger, multinational companies, (v) product liability claims, product malfunctions and the functionality of Odysight.ai’s solutions under all environmental conditions, (vi) our limited manufacturing capabilities and reliance on third-parties for assistance, (vii) an inability to establish sales, marketing and distribution capabilities to commercialize our products, (viii) an inability to attract and retain qualified personnel, (ix) our efforts obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on a single customer that accounts for a substantial portion of our revenues, (xi) our reliance on single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xiii) the impact of computer system failures, cyberattacks or deficiencies in our cybersecurity, (xiv) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical, global supply chain and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction and (xv) political, economic and military instability in Israel, including the impact on our operations of the October 7, 2023 attack by Hamas and other terrorist organizations from the Gaza Strip and Israel’s war against them. These and other important factors discussed in Odysight.ai’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 26, 2024, and our other reports filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Except as required under applicable securities legislation, Odysight.ai undertakes no obligation to publicly update or revise forward-looking information.

Company Contact:

Einav Brenner, CFO
info@odysight.ai

Investor Relations Contact:

Miri Segal
MS-IR LLC
msegal@ms-ir.com
Tel: +1-917-607-8654


FAQ

Who is the new board member appointed to Odysight.ai (ODYS)?

Dr. Carlo Papa has been appointed to the board of directors of Odysight.ai Inc. (OTCQB: ODYS).

What experience does Dr. Carlo Papa bring to Odysight.ai (ODYS)?

Dr. Carlo Papa brings over 20 years of experience in energy and finance sectors, with expertise in innovation focused on climate change mitigation and energy transition.

How might Dr. Papa's appointment benefit Odysight.ai (ODYS)?

Dr. Papa's appointment is expected to bring valuable insights to Odysight.ai as it expands into new markets and verticals, potentially accelerating the company's growth in AI-driven Predictive Maintenance solutions.

What are Dr. Carlo Papa's current roles outside of Odysight.ai (ODYS)?

Dr. Papa currently serves as a Senior Fellow at the Columbia Center on Sustainable Investment and as a member of the Impact Advisory Board of SACE, the Italian export credit agency.

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