Airship AI Holdings, Inc. to participate in the Northland Growth Conference 2024, focusing on their strong financial performance and significant orders from government agencies. President Paul Allen will hold virtual meetings to discuss the company’s AI-driven solutions for public safety and operational efficiency.
Airship AI to Attend Northland Growth Conference 2024
Airship AI Holdings, Inc. (NASDAQ: AISP), headquartered in Redmond, Washington, will participate in the Northland Growth Conference 2024, scheduled for June 25, 2024. The event will be conducted virtually, with Airship AI President Paul Allen attending. Allen is set to hold one-on-one virtual meetings to discuss the company’s financial performance, specifically the First Quarter 2024 Net Revenues of $10.6 million and Gross Profit of $2.6 million. The company anticipates strong revenue growth supported by significant orders from the Department of Homeland Security and the Department of Justice.
Founded in 2006, Airship AI provides AI-driven video, sensor, and data management surveillance solutions aimed at enhancing public safety and operational efficiency for government and commercial sectors. Recently, the company announced its inclusion in the Russell 3000, Russell 2000, and Russell Microcap Indexes.
For more information on the Northland Growth Conference 2024, visit the conference website or contact Airship AI’s investor relations.
Berkshire Grey Announces Business Combination with RAAC
Berkshire Grey (BG), based in Bedford, Massachusetts, specializing in AI-enabled robotics and automation for warehouses and logistics, announced a definitive business combination agreement with Revolution Acceleration Acquisition Corp (RAAC), a special purpose acquisition company. The new entity will be publicly listed with an estimated equity value of up to $2.7 billion. The transaction is projected to provide $413 million in cash proceeds, including a $165 million fully committed PIPE. Principal investors include Chamath Palihapitiya’s Social Capital and BlackRock.
BG, founded in 2013 by Tom Wagner, has developed comprehensive AI-based software and hardware solutions to address the growing e-commerce demands. From AI-integrated robotic picking to machine vision systems, BG’s solutions optimize warehouse operations. The merger is expected to complete in the second quarter of 2021 following necessary shareholder approvals.
