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Investing.com -- Cloudastructure Inc (NASDAQ:CSAI) stock climbed 4.2% on Wednesday after the AI surveillance and remote guarding solutions provider announced a new Master Services Agreement (MSA) with a leading national developer of community-impact real estate projects.
The agreement will see Cloudastructure deploy its AI surveillance and remote guarding solutions across the developer’s multifamily portfolio, with initial implementation at a Denver property facing challenges with vandalism, trespassing, vehicle break-ins, and illegal dumping.
The partnership establishes a framework for wider adoption across the developer’s portfolio through 2026, potentially representing significant growth opportunities for Cloudastructure in the affordable housing security sector.
"We are proud to partner with a forward-thinking leader in affordable and workforce housing communities, recognized nationally for its commitment to resident safety and impact-focused community development," said Cloudastructure Chief Revenue Officer Lauren OBrien.
Cloudastructure CEO James McCormick highlighted the broader implications of the deal, noting it "exemplifies how a multi-billion-dollar market fueled by AI-powered video analytics can transform affordable housing at scale."
The company positions its technology as a solution that allows property owners to simultaneously protect residents and their investments through AI-driven intelligent monitoring, addressing both security concerns and resident well-being in affordable housing communities.
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