Aircraft pilot

CORRECTED PRESS RELEASE FROM THE DECEMBER 12, 2023 PRESS RELEASE DISTRIBUTED TO THE PUBLIC IN THE MORNING OF DECEMBER 12, 2023.

Retrieved on: 
Tuesday, December 12, 2023

Detroit, Michigan, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced their Q3 FY 2024 order intake results. These results indicate significant growth in device orders and Recurring Monthly Revenue (RMR) compared to the same period last year. These results also underscore the Company’s continued progress in the AI-powered, security solutions market.

Key Points: 
  • These results indicate significant growth in device orders and Recurring Monthly Revenue (RMR) compared to the same period last year.
  • These results also underscore the Company’s continued progress in the AI-powered, security solutions market.
  • For the quarter ended November 30, 2023, RAD booked 144 devices on order, a 435% increase over the number of devices ordered in Q3 of FY2023 (33 units).
  • RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.

AITX Q3 FY 2024 Sees 435% Order Growth Year Over Year

Retrieved on: 
Tuesday, December 12, 2023

These results indicate significant growth in device orders and Recurring Monthly Revenue (RMR) compared to the same period last year.

Key Points: 
  • These results indicate significant growth in device orders and Recurring Monthly Revenue (RMR) compared to the same period last year.
  • For the quarter ended November 30, 2023, RAD booked 144 devices on order, a 435% increase over the number of devices ordered in Q3 of FY2023 (33 units).
  • The Company’s FY 2024 will end February 29, 2024.
  • The Company’s FY 2024 Q3 booked revenues were $151,000, a 484% increase over the same period in FY 2023.

Nation’s Leading Frontotemporal Dementia-Focused Organization Receives $600,000 Gift For Vital Research And Family Support

Retrieved on: 
Monday, December 4, 2023

Received on Wednesday, November 29th, this gift will trigger matching funds for a drug discovery initiative, resulting in $200,000 in additional support for FTD research.

Key Points: 
  • Received on Wednesday, November 29th, this gift will trigger matching funds for a drug discovery initiative, resulting in $200,000 in additional support for FTD research.
  • This generous charitable donation will help to accelerate AFTD efforts in research and drug discovery.
  • “We are honored to preserve her legacy by supporting continued research on this devastating disease.
  • This vital program focuses both on finding ways to slow the progress of FTD, and on managing challenging symptoms of this disease.

QuantGate Systems Inc. Announces API Connection to Coinbase Exchange, Enhancing Crypto Trading Opportunities for Pilot Trading

Retrieved on: 
Tuesday, November 28, 2023

As the crypto market continues to experience exponential growth, this strategic connection through the Coinbase Exchange API propels QuantGate and its flagship product, Pilot Trading, into an even stronger position within the burgeoning crypto trading ecosystem.

Key Points: 
  • As the crypto market continues to experience exponential growth, this strategic connection through the Coinbase Exchange API propels QuantGate and its flagship product, Pilot Trading, into an even stronger position within the burgeoning crypto trading ecosystem.
  • QuantGate's Pilot Trading platform will extend its capabilities to analyze and provide real-time insights via Pilot Trading.
  • Crypto trading has emerged as one of the most exciting and dynamic categories analyzed by Pilot Trading.
  • Commenting on this important capability, QuantGate Systems Inc.'s CEO, Allan Bezanson, stated, “We are thrilled to add the Coinbase Exchange API to our unique AI-driven Pilot Trading.

Aviatrix Secures a Spot on Fortune's Inaugural Cyber 60 List

Retrieved on: 
Friday, December 22, 2023

SANTA CLARA, Calif., Dec. 22, 2023 /PRNewswire/ -- Aviatrix, a leader in Secure Cloud Networking, today announced it was named to the Fortune Cyber 60, a new listing of the most important venture-backed startups that offer enterprise-grade cybersecurity solutions. Fortune teamed up with Lightspeed Venture Partners to identify the fastest-growing startups in this critical field.

Key Points: 
  • According to recent research by Enterprise Strategy Group , 91% of organizations are now using at least two public cloud infrastructure providers.
  • This year, Aviatrix introduced the groundbreaking Aviatrix Distributed Cloud Firewall , the first firewall built for cloud by distributing inspection and enforcement.
  • However, that is precisely what many vendors and organizations have attempted in the cloud," said Chris McHenry, Director of Product Management at Aviatrix.
  • Aviatrix is among the "growth-stage companies" on the Fortune Cyber 60 list.

SWAPA Board of Directors Approves Tentative Agreement for Membership Vote

Retrieved on: 
Wednesday, December 20, 2023

DALLAS, Dec. 20, 2023 /PRNewswire/ -- The Southwest Airlines Pilots Association (SWAPA) board of directors voted today to send a Tentative Agreement (TA) with Southwest Airlines to its 11,000-plus pilot membership for consideration.

Key Points: 
  • DALLAS, Dec. 20, 2023 /PRNewswire/ -- The Southwest Airlines Pilots Association (SWAPA) board of directors voted today to send a Tentative Agreement (TA) with Southwest Airlines to its 11,000-plus pilot membership for consideration.
  • The board believes this agreement achieves the goals of the pilot group, provides security for their families, and rewards their industry-leading productivity.
  • The agreement runs through December 2028 and provides significant gains in compensation, with pay rate increases over the next four years.
  • "Our membership has fought for almost four years to reach an agreement with Southwest Airlines," said Murray.

Turtle Beach Unveils Its Groundbreaking VelocityOne Flightdeck – the Ultimate Universal HOTAS Flight Simulation Control System

Retrieved on: 
Thursday, December 14, 2023

Best-selling gaming headset and accessories maker Turtle Beach Corporation (Nasdaq: HEAR) today announced another groundbreaking addition to its hugely successful VelocityOne™ flight sim range, the Turtle Beach® VelocityOne™ Flightdeck .

Key Points: 
  • Best-selling gaming headset and accessories maker Turtle Beach Corporation (Nasdaq: HEAR) today announced another groundbreaking addition to its hugely successful VelocityOne™ flight sim range, the Turtle Beach® VelocityOne™ Flightdeck .
  • The VelocityOne Flightdeck is Turtle Beach's premium combat HOTAS (Hands-On Throttle And Stick) flight simulation control system designed for Windows 10 & 11 PCs and engineered to deliver full-spectrum dominance in flight and space combat games.
  • View the full release here: https://www.businesswire.com/news/home/20231214629238/en/
    Turtle Beach Unveils VelocityOne Flightdeck its All-New HOTAS Flight Simulation Control System (Photo: Business Wire)
    Inspired by state-of-the-art jet fighters and advanced spacecraft controls to provide an unmatched HOTAS experience, the VelocityOne Flightdeck is designed for use with all current major flight simulation titles available on Windows PCs.
  • Additionally, VelocityOne Flightdeck’s Flight Hangar app for Windows PCs provides even more in-depth customization, including control of RGB lighting zones.

AerSale® Receives Boeing 737NG Supplemental Type Certificate for its Enhanced Flight Vision System “AerAware™”

Retrieved on: 
Wednesday, December 6, 2023

AerSale developed the AerAware certification program under license with The Boeing Company, which included access to necessary technical services, maintenance, and engineering data.

Key Points: 
  • AerSale developed the AerAware certification program under license with The Boeing Company, which included access to necessary technical services, maintenance, and engineering data.
  • AerAware incorporates Synthetic Vision and Enhanced Vision Systems along with Primary Flight Display symbology, resulting in a user-controlled Combined Vision System that substantially increases situational awareness during all phases of flight including low visibility operations.
  • Additionally, AerAware greatly enhances flight crew situational awareness, which results in improved energy management during critical phases of flight.
  • The newly certified AerAware system is available exclusively through AerSale and its business partner Universal Avionics, an Elbit Systems company.

Monta Vista Capital Announces a New $48 Million Seed Fund

Retrieved on: 
Tuesday, November 14, 2023

Today, Monta Vista Capital , a leading seed-stage venture capital firm in Silicon Valley for transformative B2B startups, announced the launch of its third and largest fund.

Key Points: 
  • Today, Monta Vista Capital , a leading seed-stage venture capital firm in Silicon Valley for transformative B2B startups, announced the launch of its third and largest fund.
  • Monta Vista Capital’s track record of successful investments, typically at the riskiest pre-revenue stage, reinforces its reputation as the go-to seed fund for visionary founders.
  • Monta Vista Capital was founded by Venktesh Shukla, well-known as the former President of TiE Silicon Valley and Chair of TiE Global - a nonprofit dedicated to fostering entrepreneurship.
  • Distinguishing itself from other venture capital firms, Monta Vista Capital does not raise money from institutional investors but instead taps a large network of individual investors who are highly successful professionals in Silicon Valley.

Lassen Peak Demonstrates World's First Handheld Concealed Weapon Detection at IACP

Retrieved on: 
Thursday, December 14, 2023

BELLEVUE, Wash, Dec. 14, 2023 /PRNewswire/ -- Today, Lassen Peak announces the world's first demonstration of handheld concealed weapon detection using Terahertz frequency imaging radar.  The Lassen Peak team demonstrated successful detection of concealed weapons using a functional Proof of Concept (PoC) handheld scanner to key members and stakeholders of the public safety community at the 2023 International Association of Chiefs of Police (IACP) Conference and Exposition in San Diego, California.

Key Points: 
  • BELLEVUE, Wash, Dec. 14, 2023 /PRNewswire/ -- Today, Lassen Peak announces the world's first demonstration of handheld concealed weapon detection using Terahertz frequency imaging radar.
  • The Lassen Peak team demonstrated successful detection of concealed weapons using a functional Proof of Concept (PoC) handheld scanner to key members and stakeholders of the public safety community at the 2023 International Association of Chiefs of Police (IACP) Conference and Exposition in San Diego, California.
  • Following the milestone, Lassen Peak also expanded its Series A financing round by adding Seattle-based Madrona Ventures to its investor base.
  • Lassen Peak is developing the world's first fully-integrated handheld radar system for concealed weapon detection that can be conducted anywhere in the field for use in law enforcement, military, and private venue applications.