Odysight.ai Inc. announced that it has completed a proof‑of‑concept (POC) in the global mine truck segment, deploying its vision‑based predictive‑maintenance platform on an 8×4 heavy‑duty chassis at an active South American mining site. The POC ran for several months and demonstrated continuous, real‑time monitoring of structural cracks, hydraulic oil leaks, and other early‑stage mechanical anomalies under harsh operational conditions.
The deployment used Odysight’s miniaturized cameras and on‑board AI to capture and analyze visual data in real time, achieving high‑accuracy anomaly detection even in dusty, high‑temperature environments. The system’s ability to detect cracks and leaks before they lead to costly downtime validates the robustness of the platform in a demanding industrial setting and confirms its suitability for heavy‑industrial trucking fleets.
This milestone marks a strategic pivot for Odysight, which has been shifting focus from its legacy medical customer base to aerospace, defense, and Industry 4.0 markets. The successful POC opens a new revenue stream in the mining and heavy‑vehicle sector, diversifying the company’s customer base and reducing dependence on any single industry. Management views the result as a key step toward commercial contracts with mining operators and other heavy‑industrial customers, potentially adding a high‑value segment to the company’s portfolio.
Odysight’s recent financials illustrate the context of this expansion. Full‑year 2024 revenue rose to approximately $4 million, a 31% increase from $3 million in 2023, driven largely by Industry 4.0 contracts. However, Q3 2025 revenue fell sharply to $0.15 million from $1.29 million in Q3 2024, reflecting the impact of the pivot away from a medical customer. The company remains unprofitable, reporting a net loss of $11.8 million for 2024 and $4.42 million for Q3 2025, but it maintains a strong cash position of about $39 million as of February 28 2025 and a backlog of roughly $15 million, much of which is concentrated in aerospace. The new mining POC therefore represents a strategic investment that could accelerate revenue growth and broaden the backlog in the coming years.
CEO Yehu Ofer said the achievement “marks an important step in Odysight’s expansion into the heavy‑vehicle and industrial sectors. Collaborating with a leading global OEM in such a demanding operational environment underscores both the versatility and the potential impact of our visual‑AI maintenance technologies.” Investors and analysts have noted the positive market reaction to the announcement, reflecting confidence in Odysight’s ability to scale its platform across multiple high‑growth verticals.
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