Clark County School District Board of Trustees formally approves, by unanimous vote, the awarding of a weapons detection contract to Remark Holdings, Alliance Technology Group, and Mcintosh Communications worth $5 million per year over a period of as many as 10 years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2024
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Source: PRnewswire
- Remark Holdings Contract Approval: Remark Holdings, along with other companies, secured a $5 million weapons detection contract from the Clark County School District Board of Trustees.
- Scope of the Contract: The one-year contract includes options for nine one-year extensions at $5 million per year to address illegal weapons possession in schools.
- Significance of the Deal: The Clark County School District is the fifth largest in the U.S., covering areas like Las Vegas and Henderson, showcasing Remark Holdings' ability to provide AI-powered safety solutions at scale.
- About Remark Holdings: Remark Holdings is a leader in AI-powered analytics and smart agent solutions, focusing on customer behavior analysis and real-time security threat monitoring.
- Forward-Looking Statements: The press release contains forward-looking statements about future events, financial performance, and strategies, emphasizing the importance of understanding associated risks and uncertainties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
