Predictiv AI, Inc. ($INOTD) – formerly known as Internet of Things – has changed positively on multiple fronts after the name change. Things seem to be heading in the right direction with the company focusing primarily on the ThermalPass. It’s a fever detection system that’s running on twenty different thermal medical grade sensors, where it’s goal is to read if someone has a fever or not in just a split second. It is intended for public spaces where many people come through the same entrance and where the spread of diseases such as COVID-19 within these areas needs to be avoided.
How the ThermalPass differs from its competitors
The CEO, Michael Lende, recently spoke about the factors that weigh heavily in the development of the ThermalPass. The product is characterized in particular by the procedure whereby people can simply and quickly walk through the fever detection. No lasers or measuring equipment aimed at people when entering a public space, which can seem intimidating and is violating the social distance protocols. Lende also considers it important that no camera images are used, so the privacy of its users is guaranteed. At the moment, only a seal of approval from the technology experts is keeping the ThermalPass off the market. You can see the full video of the conversation here.
Next month the time has come
In a recent conversation with Steve Darling, Lende indicated that the team performed several tests with a professional team of pro-engineers, including a former NASA employee. The goal is to prepare for a commercial launch of the ThermalPass in the upcoming month. Thousands of demos have now been run to guarantee the effectiveness of the fever detection. All kinds of means were used for this, from cool and heat packages to shielded clothing. The results revealed that in several cases the temperature deviated with a thermal gun, while the ThermalPass was able to determine the actual temperature thanks to the twenty different thermal medical grade sensors.
Many companies have already shown interest during the premarket and are waiting for an order to be placed. Predictiv AI is closely involved with their current business partners and welcomes new customers with the service we have come to expect from them. After the recent open day and the showcase performance the company gained more attention, including in the stock market. As a result, Predictiv AI has been noticed by German stock market experts who have published an extensive analysis about the share, concluding the following.
Promising stock figures by German analysts
“An absolute gift”, headlined the German Finanztrends after closely researching the status and potential of the stock. Based on the Relative Strength Index (RSI), the share is currently a hold share. The index reads different values measuring upward and downward movements over various time periods. The results are very positive as it appears that both values for the RSI7 (16.13%) and RSI25 (24.32%) give a buy status, resulting in a buy rating. The buy recommendation does not change until the percentage is higher than 30%. This means that the share has a strong market position, which can be confirmed again by the following numbers.
In the past 12 months, Predictiv AI achieved a performance of 25%. Comparable shares from the software and AI industry are up 5.37% on average, proving the company’s much better progress with 19.63% over the same period of time. The information technology sector had a median of 3.89% in 2019, while Predictiv AI was 21.11% above this average. The good performances shown with both numbers results in another buy rating for the share in this category.
What describes the shareholders
The company is praised by shareholders and interested parties on various forums and share websites on which Predictiv AI is active. A general buy assessment or bullish characterizes the company’s recent developments. The intensity of the discussion changes greatly as more activity is observed. One point of concern is the speed at which sentiment changes, as it shows little change. Based on this information, a hold rating could be given. All things considered, the share is currently in a buy rank and the media is eager to witness the ThermalPass commercial launch, as expected in October 2020.
About Predictiv AI
Predictiv AI 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.
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