EdgeTI, $950M IDIQ Awardee for JADC2 Program, Provides Corporate Update
EdgeTI, an awardee of a $950M IDIQ Contract with the US Air Force, provided a corporate update highlighting key achievements and 2025 growth plans. The company completed a CAD 4.25M private placement and secured a $5M contract with the US Department of Veterans Affairs for pharmacy operations management. Notable wins include a Department of Defense contract for operational energy digital twin development and recognition in Gartner research. The company's 2025 strategy focuses on commercial business expansion, federal marketing growth, Industry Advisory Council formation, debt restructuring, and increased industry analysis.
EdgeTI, vincitore di un contratto IDIQ da 950 milioni di dollari con l'US Air Force, ha fornito un aggiornamento aziendale evidenziando i risultati chiave e i piani di crescita per il 2025. L'azienda ha completato un private placement di 4,25 milioni di dollari canadesi e ha ottenuto un contratto da 5 milioni di dollari con il Dipartimento degli Affari dei Veterani degli Stati Uniti per la gestione delle operazioni farmaceutiche. Tra i risultati significativi ci sono un contratto con il Dipartimento della Difesa per lo sviluppo di un gemello digitale per l'energia operativa e il riconoscimento nella ricerca di Gartner. La strategia del 2025 dell'azienda si concentra sull'espansione del business commerciale, sulla crescita del marketing federale, sulla formazione di un Consiglio consultivo dell'industria, sulla ristrutturazione del debito e su un'analisi industriale più approfondita.
EdgeTI, ganador de un contrato IDIQ de 950 millones de dólares con la Fuerza Aérea de EE. UU., proporcionó una actualización corporativa destacando logros clave y planes de crecimiento para 2025. La compañía completó una colocación privada de 4.25 millones de dólares canadienses y aseguró un contrato de 5 millones de dólares con el Departamento de Asuntos de Veteranos de EE. UU. para la gestión de operaciones farmacéuticas. Los logros notables incluyen un contrato del Departamento de Defensa para el desarrollo de un gemelo digital de energía operacional y el reconocimiento en la investigación de Gartner. La estrategia de la empresa para 2025 se centra en la expansión del negocio comercial, el crecimiento del marketing federal, la formación del Consejo Asesor de la Industria, la reestructuración de la deuda y el aumento del análisis industrial.
EdgeTI는 미 공군과 9억 5천만 달러의 IDIQ 계약을 체결한 수상업체로, 주요 성과와 2025년 성장 계획을 강조하는 기업 업데이트를 제공했습니다. 이 회사는 CAD 425만 달러의 사모 투자를 완료하고 미국 재향군인부와 500만 달러 계약을 체결하여 약국 운영 관리를 수행했습니다. 주목할 만한 성과로는 국방부와의 계약을 통한 운영 에너지 디지털 트윈 개발과 가트너 연구에서의 인정이 포함됩니다. 회사의 2025년 전략은 상업 비즈니스 확장, 연방 마케팅 성장, 산업 자문 위원회 구성, 부채 재구성 및 산업 분석 증가에 중점을 두고 있습니다.
EdgeTI, lauréat d'un contrat IDIQ de 950 millions de dollars avec l'US Air Force, a fourni une mise à jour de l'entreprise mettant en évidence les réalisations clés et les plans de croissance pour 2025. L'entreprise a terminé une placement privé de 4,25 millions de dollars canadiens et a obtenu un contrat de 5 millions de dollars avec le Département des affaires des vétérans des États-Unis pour la gestion des opérations pharmaceutiques. Parmi les succès notables figurent un contrat avec le Département de la Défense pour le développement d'un jumeau numérique de l'énergie opérationnelle et la reconnaissance dans la recherche de Gartner. La stratégie de l'entreprise pour 2025 se concentre sur l'expansion des activités commerciales, la croissance du marketing fédéral, la formation d'un Conseil consultatif de l'industrie, la restructuration de la dette et l'augmentation de l'analyse sectorielle.
EdgeTI, Gewinner eines 950 Millionen Dollar IDIQ-Vertrags mit der US Air Force, hat ein Unternehmens-Update bereitgestellt, das wichtige Errungenschaften und Wachstumspläne für 2025 hervorhebt. Das Unternehmen hat eine private Platzierung in Höhe von 4,25 Millionen Kanadischen Dollar abgeschlossen und einen 5 Millionen Dollar Vertrag mit dem US Department of Veterans Affairs für das Management von Apothekenbetrieben gesichert. Zu den bemerkenswerten Erfolgen gehört ein Vertrag des Verteidigungsministeriums zur Entwicklung eines digitalen Zwillings für betriebliche Energie sowie die Anerkennung in der Gartner-Forschung. Die Strategie des Unternehmens für 2025 konzentriert sich auf die Erweiterung des Geschäftsfelds, das Wachstum des Bundesmarketings, die Gründung eines Industrieberatungsrats, die Umstrukturierung von Schulden und eine intensivere Branchenanalyse.
- Secured $950M IDIQ Contract with US Air Force
- Completed CAD 4.25M private placement financing
- Obtained $5M contract with US Veterans Affairs Department
- Won DoD contract for operational energy digital twin
- Featured in over 20 Gartner research mentions
- Requires debt restructuring to enable growth
- First financing since going public in January 2022 indicates cash needs
Update and Video Recap edgeTI's Execution in 2024 and Position 2025 Plan for Growth
Arlington, Virginia--(Newsfile Corp. - October 29, 2024) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTC Pink: UNFYF) (FSE: Q5i) ("edgeTI", "Company"), an awardee of an
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From Jim Barrett, CEO of EdgeTI:
"In my role, I'm continually driving the business and receiving constant updates. As the largest individual shareholder of EdgeTI, I realize the value of communicating this summary to investors and followers.
Reflecting on our execution and readiness for growth (this year), I'm going to focus on a few different milestones in this update. These milestones have prepared edgeTI for scale.
Here's a reminder of our most recent accomplishments.
- We completed a fully subscribed, non-brokered private placement with total proceeds of 4.25 million Canadian this September - our first financing since going public in January 2022. .
- We secured a
$5 million US Dollar agreement with the United States Department of Veterans Affairs in April.
- We acquired blockchain ecosystem assets at the end of the third quarter.
- We landed a new government contract with the United States Department of Defense for "operational energy and innovation" towards what will be the world's largest and most ambitious composite digital twin.
- I personally was selected by the Forbes Technology Council to lead and voice a new member group focused on Digital Twins. We've also landed over 20 mentions in Gartner research regarding digital twins. Gartner is the largest technology analyst firm in the world whose readers and subscribers to their services are global decision makers around technology.
So, what are the five moves that we're going to do towards 2025 to increase revenue?
- We're going to drive new commercial business. Via channel growth, we're analyzing firms to advise us on this and we'll finalize that in the coming weeks. This will provide known paths and outcomes for our teams that can focus on both commercial and federal channels.
- We'll expand our federal marketing and advisory programs. We've had success in 2024, and we look forward to expanding both the people we are involved with and the programs that we'll be involved with.
- We're going to formalize our own Industry Advisory Council. This will emphasize both federal and commercial accounts.
- We're restructuring our existing debt to enable growth. We are extending the maturity (date) of our debt to minimize the impact on cash.
- We're going to increase industry analysis and awareness. We have a unique advantage with our proven data mesh and digital twin capabilities.
These five moves are not aspirational goals, they are already being acted on by both me and my staff.
Inside the OECIF Win
Looking at our earliest accomplishment this year, we secured a contract with the Office of the Deputy Assistant Secretary of Defense for Energy Resilience and Energy Optimization. Our mission is to show the availability of energy and the constraints of energy to the Department of Defense in real time.
Our forces face a significant logistical challenge due to the varied distances and sophisticated threat environments they encounter in the field. Our adversaries target supply chains, logistic networks, and advanced kinetic and digital assets. To engage these threats, the US must achieve decision dominance by integrating real-time situational awareness for all logistics functions: Fuel, supplies, equipment, and power.
A major challenge is the data that is often stored in redundant data silos, data warehouses, and data lakes across various agencies and coalition partners. The fragmentation of this data makes it difficult for war fighting communities. These range from special operations, C2ISR, and even combat functions. To overcome this, the Department of Defense initiated and funded the exercising of edgeCore™ to deliver real-time situational awareness of fuel and power statuses in operational theaters to overcome the perpetual limiting factor and tether of supplies.
Serving Our Veterans
The other initiative, a win that I spoke of, is the United States Department of Veterans Affairs. edgeTI received a five-year contract valued at
The pharmacy processes over 150 million outpatient prescriptions annually. The VA. provides approximately
edgeCore, our product, is leading real-time actionability and visibility into these operations. The VA has provided healthcare experiences to our veterans with much higher satisfaction, which means more reliable operations. We're leveraging this contract to expand our footprint within the VA in 2025.
2025 is All About Smart Expansion and Growth
In 2025, again, we are going to expand our commercial partners. This is going to drive new revenue streams in the coming year. We're building on the success we've seen in the federal space. We are going to do this through selected specialist channel partners to help expand the business.
We're implementing a special Advisory Board by the end of this year. This board will help identify high value opportunities using our existing relationships to expand and process additional opportunities both in the federal and commercial markets.
We're going to expand our market thought leadership position. This is through speaking engagements, which you can read about in our recent press releases. Notably, my involvement as the voice of Forbes Business and Technology Council (on Digital Twins) and our efforts with leading industry analysts like Gartner and Forrester assure our investors, current and future, understand the markets we are reaching.
We're launching an investor website. This can be found at https://ir.edgeti.com. This will feature investor materials and market content that we're creating, collecting, and putting forward.
I appreciate all of your interest in edgeTI, both current and future. I speak for of all of edgeTI when I say, 'we appreciate your support'. Thank you for the time today."
From the Board of Directors,
Jim Barrett
CEO and Chair
The content of letter is available via video here and on the new website at https://ir.edgeti.com/investors/ as are other investor materials
About edgeTI
edgeTI helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore™ that unites multiple software applications and data sources into one immersive experience called a Digital Twin. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid journeys via the platform's low-code development capability and composable operations. With edgeCore, customers can improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology, and cross-domain operations - helping them achieve the impossible.
Website: https://ir.edgeti.com
LinkedIn: www.linkedin.com/company/edgeti
YouTube: www.youtube.com/user/edgetechnologies
For more information, please contact:
Nick Brigman, Analyst and Press Relations
Phone: 888-771-3343
Email: ir@edgeti.com
Forward-Looking Information and Statements
Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228109
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