• The agreement was signed with the Naval Air Warfare Center Aircraft Division in Lakehurst.
• The company will combine its proprietary computer vision and machine learning capabilities with the U.S. Navy’s operational expertise and test infrastructure.
• Combining technologies will enable more effective allocation of human capital across the U.S. Navy’s fleet and save time, money, and resources.

Shares of Odysight.ai Inc. (ODYS) soared on Monday after the Israeli visual sensing solutions provider signed a research and development agreement with the U.S. Navy.

The agreement was signed with the Naval Air Warfare Center Aircraft Division in Lakehurst for an undisclosed sum.

At the time of writing, ODYS stock was up more than 142%, recording their biggest single-day gains since August 2023.

ODYS Collaborates With US Navy

As part of the collaboration, the company will combine its proprietary computer vision and machine learning capabilities with the U.S. Navy’s operational expertise and test infrastructure to deploy AI- and ML-powered visual sensing technologies across the Navy’s fleet.

The partnership between the two is expected to demonstrate meaningful use cases for AI-enabled maintenance solutions in real-world applications.

Combining technologies will enable more effective allocation of human capital across the U.S. Navy’s fleet and save time, money, and resources, the company said in a statement. “Both parties expect the collaboration to increase fleet availability, reduce unscheduled maintenance events, and improve maintenance planning and accuracy across mission-critical systems.”

What Retail Traders Think Of ODYS Stock

On Stocktwits, retail sentiment about ODYS turned ‘extremely bullish’ from ‘bullish’ amid ‘extremely high’ message volumes over the last 24 hours.

One user on the platform called the timing of the collaboration “good.”

Another user called the agreement with the U.S. Navy “big.”

ODYS stock has more than doubled in value so far this year, and has gained over 52% over the past 12 months.

For updates and corrections, email newsroom[at]stocktwits[dot]com.