Odysight.ai Inc. announced a solidified purchase order (PO) with a leading orthopaedic, US-based healthcare corporation. Formal commitments under the PO with this Fortune 500 customer amount to a total of $3.3 million for fiscal year 2024, highlighting the robust trust and growing collaboration between companies. The Company believes these numbers will grow substantially in coming years.

Following FDA approval and the U.S. market launch of the Fortune 500 company?s groundbreaking minimally invasive surgical device, which features Odysight.ai?s visual technology, collaboration with this key medical partner has strengthened. As an update to previous announcement on January 26, 2023, the expanded PO not only confirms a clear commitment to product by medical partner but also solidifies decision to negotiate improved terms that are in line with the premium quality of offerings. 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.