OMER, Israel, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Odysight.ai Inc. (NASDAQ:ODYS), a leading provider of AI-powered visual sensing and Predictive Maintenance (PdM) solutions, announces the appointment of Mr. Eilam Sagi as the Company's Chief Business Officer (CBO).
Col (ret.) Sagi brings more than 30 years of executive, operational, strategic and economic experience across the public, private and defense sectors. His extensive background includes leading large-scale business and technological programs, managing global partnerships and overseeing complex commercial, regulatory and infrastructure initiatives.
Prior to joining Odysight.ai, Mr. Sagi served as VP Asset Management at Enlight Renewable Energy, where he was responsible for hundreds of millions of dollars in annual revenues generated by renewable-energy facilities worldwide. He previously held the position of Deputy General Manager at Israel's Ministry of Transportation, where he led multi billion dollars infrastructure programs, regulatory reform and national strategic planning in collaboration with governmental and industrial stakeholders.
Mr. Sagi also founded and managed a technology start-up focused on cognitive evaluation using AI-driven sensor technologies, and earlier in his career served as Head of the Budget Department for the Israeli Air Force, achieving the rank of colonel, where he managed multi-billion-dollar procurement and budgeting processes with major defense contractors in Israel and abroad.
Mr. Sagi holds a B.A. in Economics and Psychology from Bar-Ilan University and an E.M.B.A. in Diplomacy and Security Studies from Tel Aviv University.
"Eilam joins Odysight.ai at an exciting phase of commercial expansion and market diversification," said Yehu Ofer, Chief Executive Officer of Odysight.ai. "His rare combination of business acumen, operational leadership and deep experience in both government and industry will be instrumental in accelerating our global growth and driving new strategic collaborations."
Mr. Sagi commented: "I am thrilled to join Odysight.ai's talented team and contribute to scaling the Company's business and partnerships worldwide. The Company's technology and vision to transform maintenance through AI-based visual intelligence hold immense potential across multiple industries."
About Odysight.ai®
Odysight.ai, incorporated in Nevada U.S., with European and Israeli subsidiaries, pioneers Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM) markets with an innovative AI platform that transforms critical systems across Aviation & Aerospace, Transportation, Energy, and Industry. Leveraging advanced visual sensing, real-time analytics, and AI-driven insights, Odysight.ai enables safer, smarter, and more efficient operations. The Company's technology has been deployed in projects with NASA, the U.S. Department of Defense and leading aerospace OEMs, delivering measurable improvements in system reliability and maintenance efficiency. https://www.Odysight.ai/ ;
https://www.linkedin.com/company/odysightai
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding the potential contributions of Mr. Sagi. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. Those statements are based on information we have when those statements are made or our management's current expectation and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward- looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to the following: (i) market acceptance of our existing and new products, including those that utilize our micro Odysight.ai technology or offer Predictive Maintenance and Condition Based Monitoring applications, (ii) lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device and related industries from much larger, multinational companies, (v) product liability claims, product malfunctions and the functionality of Odysight.ai's solutions under all environmental conditions, (vi) our limited manufacturing capabilities and reliance on third-parties for assistance, (vii) an inability to establish sales, marketing and distribution capabilities to commercialize our products, (viii) an inability to attract and retain qualified personnel, (ix) our efforts obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on a single customer that accounts for a substantial portion of our revenues, (xi) our reliance on single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xiii) the impact of computer system failures, cyberattacks or deficiencies in our cybersecurity, (xiv) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical, global supply chain and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction, including the adoption or expansion of economic sanctions, tariffs or trade restrictions and (xv) political, economic and military instability in Israel, including the impact of Israel's war against Hamas, Hezbollah and Iran. These and other important factors discussed in Odysight.ai's Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on March 26, 2025, and our other reports filed with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Except as required under applicable securities legislation, Odysight.ai undertakes no obligation to publicly update or revise forward-looking information.
Company Contact
Einav Brenner, CFO
[email protected]
Investor Relations Contact
Miri Segal
MS-IR LLC
[email protected]
