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Volume | Market Cap | Shares | PEG Ratio | EPS

Internet Of Things ( ITT TSX – INOTF OTC )

Internet of Things Inc. (TSX VENTURE: ITT) (OTC: INOTF) (FRANKFURT: 71T) (“ITT Inc.” or the “Company“), a software and solutions provider in the artificial intelligence and industrial IoT markets, is pleased to announce the development of  a new fever-detection system called ThermalPassTMwww.thermalpass.com, designed to enhance public safety. ThermalPassTM will instantly screen for higher than normal body temperatures in potential carriers of Coronavirus and other fevers. The strategy is to have ThermalPass stationed at the entranceways of high-traffic, public locations to reduce the risk of spreading illness, and playing an important role in shaping our new normal and making daily life more acceptable, comfortable and safe.

Exclusive interview with Internet of Things 

Firstly, how would you introduce Internet of Things Inc.?

Internet of Things: Internet of things is solutions-based company whish uses artificial intelligence, deep machine learning and proprietary datasets to provide clients with predictive and prescriptive AI solutions.

What’s your business strategy to succeed in the industry?

Internet of Things: To be the innovation leader in ai solutions, with unique selling propositions, in the following verticals; 

Fever detection system to help the economy back on to its feet in a safe and comfortable way whilst preventing the spread of contagions. This will be accomplished with our ThermalPass www.thermalpass.com product which boasts its distinctive competencies in areas of accuracy, privacy and data collection. 

Predictive weather data providing for efficiencies, cost savings and public safety. Our Alert Fleet product has been engineered to provide hazard alerts to drivers providing advanced warnings of dangerous road conditions ahead in real time.

Retail recognition AI which  provides object tracking, heat mapping, emotive sentiment data and other human behavioural data for stores to have a better understanding of what drives their sales, how to manage inventory better, improved merchandising and employee compliance. 

Waste management sensor driven efficiencies to optimize management whilst minimizing expenses related to labour, fuel & insurance  

Regarding the previous question;
What are your expectations of the industry you are in short- and long-term?

Internet of Things: Our short-term goals (Q3) are to hit substantial sales with our ThermalPass and Alert Fleet products in NA and globally. Our long-term goals are to integrate further improved generations of the ThermalPass and Alert Fleet whilst driving revenues through our established sales channels in Sensor Waste Management and retail Recognition AI products.

Your most recent product is the ThermalPass;
How did you come up with this idea?

Internet of Things: Innovation born out of necessity! The economy needs to return to normal. For this to happen, people need to have the assurance that they are going into public spaces with confidence that the spread of contagions are being mitigated. ThermlaPass provides this comfort level in an accurate, safe, and unobtrusive manor allowing people to preserve their anonymity. https://www.foxnews.com/tech/reopen-america-fever-screening-technology-tool

How would you like to introduce this product to us?

Internet of Things: I would be happy to conduct a live presentation via zoom or in a social distance forum, citing our corporate deck, press releases and recent media coverage

Who searches on the internet can find equal infrared detection systems;
Why should people choose your product? What are its special features?

Internet of Things: Most competitors are camera based technologies which encroach on personal privacy (showing the individual identity), defy social distancing (by having a person hold a camera to your head), require people to stop to take a reading and are not as accurate as our solution. Our ThermalPass solution is made up of various thermal medical grade sensors which are more accurate as they take 20 readings per second, do not require a person anywhere near the device thus preserving one’s anonymity whilst keeping social distancing and people can pass through our ThermalPass without slowing down.  

Besides thermal imaging;
Are you planning to implement more data in the Thermal Pass over time?

Internet of Things: We will be able to collect data sets on time splicing, number of users, how many had fevers and how many did not. We will likely add other components in gen 2 such as metal detection and other datasets but in keeping with privacy protection

What is your market strategy that will lead to success with the ThermalPass?

Internet of Things: We have been inundated with requests for ThermalPass units and we have not started marketing yet. We have an extensive B2B marketing plan which focuses on targeting various industries who have identified themselves already but the demand is so high that, from what we have experienced so far with pre orders starting next week, we do not anticipate having to pull the trigger on the marketing plan. We have been contacted by long term care facilities, office building management firms, factories, stadiums, malls, retail chains, restaurants chains and other public spaces

Who can buy the ThermalPass and when will it be available?

Internet of Things: Pre-Sales commence June 12

With the global crisis in which we find ourselves;
What are your expectations with the COVID-19?

Internet of Things: Whether Corvid 19 remains an issue long term or not, it has impacted everyone in such a way that people will be concerned about how they enter public spaces for a long time to come. Our society has changed forever. ThermalPass is a long-term solution in a post Covid world for years to come. 

To what extent does the COVID-19 influence your company?

Internet of Things: It is the impetus for the ThermalPass…Innovation born out of necessity. That said, if Covid was whipped out tomorrow, people have been reprogrammed and reconditioned to keep social distance, take extra precaution, and conduct themselves differently when approaching a public space scenario. Nobody wants a repeat or new contagion. Therefore, exercising caution using mitigating tools is going to be the new norm whether in a change room at a store, entering a sports event or concert, going to school or even to work.

What potential does the ThermalPass have on the market ‘after’ the pandemic?

Internet of Things: Addressed above…Thermal Pass is here to stay. After 911 much more serious security measures were taken and are still in place almost two decades later. We expect the same with respect to our current environment. 

Finally, are there other developments you would like to share with us?

Internet of Things: As we are going to market now, we will be announcing exciting new developments as they come to fruition; added technology, partnerships, and customer developments

More about Internet of Things

Artificial Intel Live Weather – Traffic Platform

These shares have soared 400% over the past 60 days , pivoting on news of its latest fever -detection device . This device will be used as a  high trafic screening device at large public events. The device stationed at the entranceways to public areas will identify those individuals in a crowd who have fevers that may signify Covid 19 or other maladies.

We feel that this device will revolutionize the Covid – 19 essential screening process needed to put society back to work and avoid a world wide depression. Early detection and crowd disease management will be necessary in high density cities , mass transit, and events

These shares are consolidating at current levels . We look for a re-test of the $0.08 cent with building volume and a BREAKOUT to higher levels 

We feel that all serious investors should immediately place these shares on their BUY LIST

Weather Telematics Signs New Multi-Year Sales Contract with Synoptic Data to Provide Meteorological Data

TORONTO, June 10, 2020

Includes the launch of Weather Telematics’ next generation mobile weather and road temperature sensors 

TORONTO, June 10, 2020 /CNW/ – Weather Telematics Inc. (“Weather Telematics“), a subsidiary of Internet of Things Inc. (TSXV: ITT) (OTC: INOTF) (FSE: 71T)  (“ITT Inc.” or the “Company“), a software and solutions provider in the artificial intelligence and industrial IoT markets, is pleased to announce that it has entered into a multi-year agreement with Synoptic Data PBC (“Synoptic“) for data-provision services. This licensing contract will generate seven-figure revenue over the term for Internet of Things Inc. as Weather Telematics will launch its next generation of weather and road temperature sensors, which turns vehicles into their own mobile weather stations.

Under the Agreement, Weather Telematics will provide Synoptic with raw vehicle meteorological data from its mobile platforms. Data from the sensors will include road temperature, air temperature, relative humidity, dew point, pressure, precipitation intensity, ambient light, and ozone concentration. Weather Telematics’ proprietary sensors will be deployed on fleets across the US and our road and weather temperature data will be integrated into various weather research models.

“We are excited to be expanding our relationship with Synoptic Data,” said Michael Lende, President and CEO of the Internet of Things Inc. “Synoptic has been and continues to be incredibly supportive of Weather Telematics. We look forward to contributing our proprietary raw vehicle meteorological data from our mobile platform.”

This partnership will improve public safety by providing weather forecasters the tools and data to more accurately predict and alert to adverse conditions on our nation’s roadways. It will also enable researchers to build and validate more precise weather forecast models. Weather Telematics’ software and sensor system will furnish users with the tools they need to run drastically safer and more cost-effective fleets.

About Synoptic Data PBC:
Synoptic Data provides data hub products and services for geophysical time series data for users in a variety of sectors and applications. With origins at the University of Utah more than 20 years ago, it has operated as an independent entity since 2011. In addition to performing a technical aggregation and quality control service, the company adds value through contracting and by providing global exposure for various data sets. As a Public Benefit Corporation, Synoptic is structurally committed to multiple stakeholders, including shareholders, data providers, data users, global citizens, and the environment.  

For more information, visit synopticdata.com.

About Weather Telematics Inc.
Weather Telematics Inc. is a data science-based company who, through its distinctive patented artificial intelligence and sensor technology, provides government, insurance, agriculture, public safety, fleet management and outdoor sporting event industries with up to 72-hours advance predictive hyperlocal weather data.  Weather Telematics uses a proprietary vehicle-mounted mobile IoT sensor network and AI deep machine learning to generate historical, real-time and predictive road weather conditions for road hazard risk alerts and dynamic routing applications. Their industry leading Predictiv RC and Predictiv SA platforms mitigate weather risk, reduce traffic congestion and make connected and autonomous navigation safer in all types of road conditions.

About Internet of Things Inc. (TSX VENTURE: ITT) (OTC: INOTF) (FRANKFURT: 71T):
Internet of Things Inc. is a technology company that solves complex challenges using advanced artificial intelligence, machine learning and data science techniques. The Company collects and interprets information from disparate sources to develop actionable predictive and prescriptive applications which enable companies to make better business decisions yielding greater results. Our solutions are used by global automakers and U.S. government institutions and can be applied to a wide range of industry verticals, including insurance, logistics, fleet management, agriculture, retail and public safety. Based in Toronto, Canada, the Company owns Weather Telematics Inc. and has a joint venture channel partnership with Shanghai New Hope Data Technology Co. Ltd.

For more information on Internet of Things Inc. visit: www.iotintl.com and follow ITT on:

Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/ITTintl
LinkedIn: https://www.linkedin.com/company/internet-of-things-inc-/ 

Cautionary and Forward-Looking Statements:

Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results of the Company to differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to: ThermalPass and Alert Fleet achieving the commercial results anticipated by the Company; market demand for ThermalPass and Alert Fleetand, other factors referenced in the Company’s other continuous disclosure filings, which are available at sedar.com. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

SOURCE Internet of Things Inc.

TORONTO, May 15, 2020 /CNW/ – Internet of Things Inc. (TSX VENTURE: ITT) (OTC: INOTF) (FRANKFURT: 71T) (“ITT Inc.” or the “Company“)www.iotintl.com, a software and solutions provider in the artificial intelligence and industrial IoT markets, announced today that due to the on-going COVID-19 pandemic and efforts to contain the highly contagious virus, it is experiencing an increase in expressions of interest for its newly developed fever-detection system, ThermalPass. www.thermalpass.com 

AI Labs Inc. (“AI Labs“), a wholly owned subsidiary of ITT Inc., in conjunction with Commersive Solutions Corp. (“Commersive“), a developer of integrated, point-of-sale technologies that create unique retail experiences, are bringing to market a temperature monitoring solution that can be rapidly deployed at entrance ways to office buildings, airports, stadiums and other public spaces. ThermalPass with its array of multiple thermal sensors, quickly and efficiently detects body temperatures as individuals pass through at a regular pace of movement. The system is built onto an industrial strength frame and offers unparalleled accuracy in scanning a subject at a rate of 20-times per second.

The system offers unique and distinctive competencies over other fever detecting devices as it uses medical grade sensors vs. cameras. Infrared cameras are less accurate, more expensive, obtrusive to personal space and infringe on privacy. ThermalPass’ sensors are designed to measure temperature from a distance by detecting an object’s infrared energy. The Company’s AI-powered system allows for fast, touch-free scanning of individuals as they pass through the device without impeding walking speed when entering high-traffic public locations. The system instantly and quietly alerts security personnel of any person with a higher-than-normal temperature, enabling staff to conduct a secondary check and maintain traffic flow.

“As the spread of contagions is a major concern, governments and businesses must implement solutions to put minds at ease as people get back to work,” said Michael Lende, President & CEO of Internet of Things Inc. “While we are not happy to see this pandemic prolonged, we are proud to have created a mitigating solution that is being met with such fervent commercial interest. ThermalPass is positioned to help all types of corporations and institutions rebuild confidence as the world recovers from this unprecedented economic and health crisis.”

Internet of Things Inc. is in continuing discussions with large property management companies, nationwide retail chains and various levels of government who are interested in potentially deploying ThermalPass as a measure to reopen facilities safely. In addition to protecting their own spaces, these entities see ThermalPass to enhance society’s collective COVID-19 containment strategy, should secondary waves of the virus emerge.

Regarding regulatory approval for the device, the Company has applied to Health Canada for its Medical Device Establishment License under the government’s streamlined Interim Order process.

For more information on Internet of Things Inc. visit:www.iotintl.com and follow ITT on:

Facebook:                 https://www.facebook.com/InternetofThingsInc/      
Twitter:                      https://twitter.com/ITTintl                   
LinkedIn:                   https://www.linkedin.com/company/internet-of-things-inc-/ 

About Internet of Things Inc. (TSX VENTURE: ITT) (OTC: INOTF) (FRANKFURT: 71T)Internet of Things Inc. is a technology company which helps businesses and organizations make smarter decisions using advanced artificial intelligence, deep machine learning and data science techniques. Its Weather Telematics Inc. subsidiary uses patented air quality monitoring sensors to provide predictive weather risk information to the insurance, logistics, fleet management and public safety sectors. The Company’s R&D division, AI Labs Inc., develops new products that solve real-world business problems. The joint venture with Commersive Solutions Corp. is developing innovative technologies for use in various public spaces, starting with the ThermalPass™ fever detection system.

MORE NEWS

TORONTO, May 7, 2020 /CNW/ – Internet of Things Inc. (TSX VENTURE: ITT) (OTC: INOTF) (FRANKFURT: 71T) (“ITT Inc.” or the “Company“), a software and solutions provider in the artificial intelligence and industrial IoT markets, is pleased to announce the development of  a new fever-detection system called ThermalPassTMwww.thermalpass.com, designed to enhance public safety. ThermalPassTM will instantly screen for higher than normal body temperatures in potential carriers of Coronavirus and other fevers. The strategy is to have ThermalPass stationed at the entranceways of high-traffic, public locations to reduce the risk of spreading illness, and playing an important role in shaping our new normal and making daily life more acceptable, comfortable and safe.

While most fever detection equipment requires an individual to be stationary for an accurate reading, a major advantage of ThermalPassTM will be its use in high-volume settings where people in full motion are screened while passing through without any effect on their pace of movement. This public safety system uses multiple infrared medical grade thermal sensors which will trigger an audio and visual signal when a specified temperature is exceeded, allowing facility staff to respond appropriately. Malcolm Rook, Chief Innovation Officer at ITT’s AI Labs Inc. and Design Engineer of ThermalPassTM, commented: “We have created a technically advanced, integrated and patent-pending system designed to accommodate high-volume flow, uninterrupted, whilst maintaining medical grade accuracy of temperature measurement. Our engineering team has taken into great account the competitive landscape and we are positioning ThermalPassTM as a feature-rich, premier product.”  

ThermalPassTM will be the first product brought to market by a jointly held company to be owned 51% by AI Labs Inc. (“AI Labs“), a wholly owned subsidiary of ITT Inc., and 49% by Commersive Solutions Corp. (“Commersive“), a developer of integrated, point-of-sale technologies that create unique retail experiences. The new joint venture will combine ITT’s technology assets with Commersive’s end to end product ideation and development capabilities and retail market reach, to commercialize ThermalPassTM for the global marketplace.

“COVID-19 has impacted virtually every aspect of society, and we envision the implementation of ThermalPassTM across various public settings, including entrances to bus and train stations, schools, retailers, office buildings and sports venues”, stated Michael Lende, President & CEO of Internet of Things Inc. “While ThermalPassTM, once commercial, intends to have an immediate positive impact in alleviating further spread and secondary outbreaks of COVID-19, we also anticipate its widespread installation as necessary in the containment of all fever-bearing contagions in a post-COVID-19 world.”

Jason Elmaleh, President of Commersive Solutions, commented: “We are very excited with our joint venture with AI Labs as we have complementary skills and expertise that will assist in commercializing ThermalPassTM. Commersive has extensive experience in taking products from concept to production through to widespread launch in North America and internationally. With ThermalPassTM, we see a tremendous opportunity to deliver a much needed and integrated system that we believe will deliver a solution that the world needs now. We have had discussions with a number of our existing clients regarding ThermalPassTM who have expressed interest in the product.”

ThermalPassTM integrates 19 infrared medical-grade thermal sensors onto a sturdy metal frame. The system is designed to decipher body temperature measurements within an expected accuracy of 0.2 degrees Celsius or 0.36 degrees Fahrenheit, with no contact or any discomfort to the individuals who pass through it. ThermalPassTM is designed to be extremely durable and waterproof, so it will be suitable for both indoor and outdoor use and can be easily disassembled and relocated. ThermalPassTM prototypes are in advanced development for pre-commercial testing this month and subsequent product launch in June. The final go-to-market product will be subject to CSA approval for Canada and UL certification for the US with plans to secure CE and CCC certifications for Europe and China respectively.

The ThermalPassTM prototype was designed following a detailed review and a competitive analysis of existing fever detection secruitiy systems and solutions on the market. AI Labs’ R&D team have more than eight years of experience utilizing the sensors which are an integral part of the ThermalPassTM system. These sensors, along with the controlling electronics of the system have been tested and produced results as expected.  Our joint venture teams, in the UK and Canada have advanced the engineering, development and fabrication of ThermalPassTM. The units are being fabricated and standardized for North American use as part of rigorous in-field testing before commercial deployment. There is no financing requirement for in-field testing nor for the anticipated large-scale production roll out.

AI Labs and Commersive Solutions are arms length parties and there are no finder’s fees payable relating to formation of the new jointly held entity. Upon the parties entering into definitive documentation for the joint venture, the principals of Commersive Solutions will be issued 10 million warrants, with each warrant entitling its holder to purchase one common share of Internet of Things Inc. at an exercise price of $0.07 per share for a period of 36 months. The issuance of the warrants is subject to the approval of the TSX Venture Exchange.

About Commersive Solutions Corp.

Commersive Solutions specializes in creating interactive customer experiences within the retail sector. Through the development and integration of custom technologies and software, Commersive helps retailers put the customer first with engaging and unique interactions while enabling the collection of purposeful data and analytics that help their clients make smarter business decisions. Founded in 2015, Commersive has built a customer base that includes household names in the grocery, pharmaceutical, electronics, software, clothing and home improvement areas.

About Internet of Things Inc. (TSX VENTURE: ITT) (OTC: INOTF) (FRANKFURT: 71T)Internet of Things Inc. is a technology company which helps businesses and organizations make smarter decisions using advanced artificial intelligence, deep machine learning and data science techniques. Its Weather Telematics Inc. subsidiary uses patented air quality monitoring sensors to provide predictive weather risk information to the insurance, logistics, fleet management and public safety sectors. The Company’s R&D division, AI Labs Inc., develops new products that solve real-world business problems. The joint venture with Commersive Solutions is developing innovative technologies for use in various public spaces, starting with the ThermalPassTM fever detection system. Based in Toronto, Canada, the Company also has a joint venture channel partnership with Shanghai New Hope Data Technology Co. Ltd.

Follow Internet of Things On: Facebook: https://www.facebook.com/InternetofThingsInc/Twitter:               https://twitter.com/iotintlLinkedIn:            https://www.linkedin.com/company/internet-of-things-inc-/.

Cautionary and Forward-Looking Statements

Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results of the Company to differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to: ThermalPass achieving the commercial results anticipated by the Company; market demand for ThermalPass; and, other factors referenced in the Company’s other continuous disclosure filings, which are available at sedar.com. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

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NEITHER THE TSX VENTURE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

SOURCE Internet of Things Inc.

For more information, visit www.weathertelematics.com

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