Our Bond Signs Agreement with Jerusalem to Provide Security Services for 10,000 Municipal Workers
Our Bond (NASDAQ:OBAI) has signed a definitive agreement with the City of Jerusalem to provide its AI-powered personal security services to approximately 10,000 municipal employees. This follows an earlier pilot program and marks another step in the company's government-to-consumer growth strategy. The city recognized Our Bond as a 'sole supplier,' bypassing competitive tender processes due to the uniqueness of its platform. The agreement is significant for investors not only because it expands user numbers but also because it validates Our Bond’s B2G2C model, which leverages municipal partnerships to reach large groups efficiently. The company plans to expand this strategy internationally and has already secured another city deployment covering 270,000 residents. The Jerusalem deal is part of a broader $40 billion potential market for personal security services among global municipal employees based on Our Bond’s pricing assumptions. Investors will be watching the pace of employee onboarding in Jerusalem as well as any expansion to include residents and additional international contracts.
Topics: AI_security_services B2G2C_strategy municipal_deployment