SCOUTCAM ANNOUNCES CORPORATE REBRANDING, WILL CHANGE NAME TO " OdysightAI "
ScoutCam (OTCQB: SCTC) has announced a corporate rebranding initiative, changing its name to Odysight.ai. This rebranding reflects the company's transformation into a leading global provider of innovative, custom-tailored visualization solutions for various industries. The new name highlights the company's focus on artificial intelligence capabilities and its journey towards excellence.
Odysight.ai offers critical system visualization monitoring technology for the aviation, transportation, energy, and Industry 4.0 markets. The company's solutions enable customers to see and perceive beyond conventional limits. CEO Yehu Ofer emphasized that while the company's core remains unchanged, the new brand better represents their identity and goals.
The rebranding process is expected to be completed in Q2 2023, featuring a new logo and color palette. The company has also requested a change in its trading symbol, and both US and IL subsidiaries will adopt the Odysight.ai name.
ScoutCam (OTCQB: SCTC) ha annunciato una iniziativa di rebranding aziendale, cambiando il suo nome in Odysight.ai. Questo rebranding riflette la trasformazione dell'azienda in un fornitore globale leader di soluzioni visive innovative e personalizzate per vari settori. Il nuovo nome mette in evidenza l'attenzione dell'azienda sulle capacità di intelligenza artificiale e il suo percorso verso l'eccellenza.
Odysight.ai offre una tecnologia critica di monitoraggio della visualizzazione dei sistemi per i mercati dell'aviazione, dei trasporti, dell'energia e dell'Industria 4.0. Le soluzioni dell'azienda consentono ai clienti di vedere e percepire oltre i limiti convenzionali. Il CEO Yehu Ofer ha sottolineato che, sebbene il core business dell'azienda rimanga invariato, il nuovo marchio rappresenta meglio la loro identità e i loro obiettivi.
Il processo di rebranding dovrebbe concludersi nel Q2 2023, con un nuovo logo e una nuova palette di colori. L'azienda ha anche richiesto un cambiamento nel suo simbolo di trading, e sia le filiali statunitensi che quelle israeliane adotteranno il nome Odysight.ai.
ScoutCam (OTCQB: SCTC) ha anunciado una iniciativa de rebranding corporativo, cambiando su nombre a Odysight.ai. Este rebranding refleja la transformación de la compañía en un proveedor global líder de soluciones de visualización innovadoras y personalizadas para diversas industrias. El nuevo nombre resalta el enfoque de la compañía en las capacidades de inteligencia artificial y su camino hacia la excelencia.
Odysight.ai ofrece tecnología crítica de monitoreo de visualización de sistemas para los mercados de aviación, transporte, energía e Industria 4.0. Las soluciones de la empresa permiten a los clientes ver y percibir más allá de los límites convencionales. El CEO Yehu Ofer enfatizó que, aunque el núcleo de la empresa permanece sin cambios, la nueva marca representa mejor su identidad y objetivos.
Se espera que el proceso de rebranding se complete en el Q2 2023, con un nuevo logo y una nueva paleta de colores. La compañía también ha solicitado un cambio en su símbolo de cotización, y tanto sus filiales en EE. UU. como en Israel adoptarán el nombre Odysight.ai.
ScoutCam (OTCQB: SCTC)는 기업 재브랜딩 이니셔티브를 발표하며 이름을 Odysight.ai로 변경했습니다. 이번 재브랜딩은 회사를 다양한 산업을 위한 혁신적이고 맞춤형 시각화 솔루션의 글로벌 선도 공급자로 변화시키는 것을 반영합니다. 새 이름은 회사의 인공지능 역량에 대한 초점을 강조하고, 탁월함을 향한 여정을 나타냅니다.
Odysight.ai는 항공, 교통, 에너지 및 산업 4.0 시장을 위한 중요한 시스템 시각화 모니터링 기술을 제공합니다. 회사의 솔루션은 고객이 기존의 한계를 넘어 보고 인식할 수 있도록 돕습니다. CEO Yehu Ofer는 회사의 중심은 변하지 않지만, 새로운 브랜드가 그들의 정체성과 목표를 더 잘 나타낸다고 강조했습니다.
재브랜딩 과정은 2023년 2분기에 완료될 것으로 예상되며, 새로운 로고와 색상 팔레트를 특징으로 합니다. 회사는 또한 거래 기호 변경을 요청했으며, 미국 및 이스라엘의 자회사 모두가 Odysight.ai라는 이름을 채택할 것입니다.
ScoutCam (OTCQB: SCTC) a annoncé une initiative de rebranding corporate, changeant son nom en Odysight.ai. Ce rebranding reflète la transformation de l'entreprise en un fournisseur mondial de premier plan de solutions de visualisation innovantes et sur mesure pour divers secteurs. Le nouveau nom met en avant l'accent de l'entreprise sur les capacités d'intelligence artificielle et son parcours vers l'excellence.
Odysight.ai propose une technologie de surveillance de visualisation des systèmes critique pour les marchés de l'aviation, des transports, de l'énergie et de l'Industrie 4.0. Les solutions de l'entreprise permettent aux clients de voir et de percevoir au-delà des limites conventionnelles. Le PDG Yehu Ofer a souligné que, bien que le cœur de l'entreprise reste inchangé, la nouvelle marque représente mieux leur identité et leurs objectifs.
Le processus de rebranding devrait être achevé au Q2 2023, avec un nouveau logo et une nouvelle palette de couleurs. L'entreprise a également demandé un changement de son symbole de négociation, et tant les filiales américaines qu'israéliennes adopteront le nom Odysight.ai.
ScoutCam (OTCQB: SCTC) hat eine Firmen-Relaunch-Initiative angekündigt und seinen Namen in Odysight.ai geändert. Dieser Relaunch spiegelt die Transformation des Unternehmens zu einem führenden globalen Anbieter innovativer, maßgeschneiderter Visualisierungslösungen für verschiedene Branchen wider. Der neue Name hebt den Fokus des Unternehmens auf Künstliche Intelligenz und seinen Weg zur Exzellenz hervor.
Odysight.ai bietet kritische Systemvisualisierungstechnologie für die Luftfahrt-, Transport-, Energie- und Industrie 4.0-Märkte. Die Lösungen des Unternehmens ermöglichen es den Kunden, über konventionelle Grenzen hinaus zu sehen und zu erkennen. CEO Yehu Ofer betonte, dass der Kern des Unternehmens unverändert bleibt, die neue Marke jedoch besser ihre Identität und Ziele widerspiegelt.
Der Relaunch-Prozess wird voraussichtlich im Q2 2023 abgeschlossen sein und ein neues Logo und eine neue Farbpalette umfassen. Das Unternehmen hat auch eine Änderung seines Handelssymbols beantragt, und sowohl die US-amerikanischen als auch die israelischen Tochtergesellschaften werden den Namen Odysight.ai übernehmen.
- Rebranding to Odysight.ai reflects the company's strategic transformation into a leading global provider of visualization solutions
- Expansion into multiple high-value markets including aviation, transportation, energy, and Industry 4.0
- Development of artificial intelligence capabilities enhancing their product offerings
- Potential for increased market visibility and investor interest due to the rebranding initiative
- Potential short-term confusion among existing customers and investors due to the name change
- Costs associated with rebranding efforts may impact short-term financial performance
New name and brand reflect Company's strategic transformation into a leading global provider of innovative, custom-tailored visualization solutions to organizations across multiple industries
OMER, June 08, 2023 (GLOBE NEWSWIRE) -- ScoutCam (OTCQB: SCTC) today unveiled a new name and logo as part of an extensive corporate rebranding initiative, saying its name change has been filed and approved by the State of Nevada. The Company, which has operated as ScoutCam since 2019, has rebranded and changed its name to "Odysight.ai". The name "Odysight.ai" reflects the Company's significant transformation into a leading global provider of critical system, visualization monitoring technology for the aviation, transportation, energy, and Industry 4.0 markets, relying in part on the artificial intelligence (“AI”) capabilities the Company developed during its ongoing "odyssey" towards excellence. Odysight.ai technological solutions allow our customers to see where others do not and perceive where others cannot.
"From custom visualization solutions to visual sensing, video analytics and PHM insights, we are a company built on years of innovation and high-end proprietary technologies. The high-quality PdM and CBM products we develop and utilize daily are helping some of the world's most essential industries address the emerging challenges of tomorrow," said Yehu Ofer, CEO. "We are the same company, leadership and team of dedicated employees. However, our transition to the Odysight.ai name and brand will more clearly represent who we are and what we want to achieve–enabling our customers to perfect their performance and become leaders in their fields by providing them with unique video-based sensors, embedded software, and cloud based video analytics and AI algorithms for PdM."
The Company's transition to the Odysight.ai name and brand identity is targeted to be completed in Q2 2023. Initial elements of the Odysight.ai brand evolution include a new logo design inspired by the versatility of the Company's unique technology and a fresh, modern color palette. In connection with the name change, the Company has requested that its trading symbol be changed.
Both US and IL subsidiary names will be changed to Odysight.ai respectively.
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.scoutcam.com/ or follow us on Twitter, LinkedIn 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, the impact of the Company's new name and brand identity. 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 ScoutCam™ 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 single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xi) 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, (xii) the impact of pandemics, such as COVID-19 (coronavirus) and (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. 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 28, 2023 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:
Tanya Yosef, CFO
tanya.yosef@scoutcam.com
Tel: +972 (73) 370 469
Investor Relations Contact:
Miri Segal
MS-IR LLC
msegal@ms-ir.com
Tel: +1-917-607-8654
FAQ
What is ScoutCam's new name after rebranding?
When will ScoutCam's transition to Odysight.ai be completed?
What industries does Odysight.ai (formerly ScoutCam) serve?
Will ScoutCam's stock symbol (SCTC) change due to the rebranding?
