Welcome to our dedicated page for Predictiv Ai news (Ticker: INOTF), a resource for investors and traders seeking the latest updates and insights on Predictiv Ai stock.
Predictiv AI Inc. (OTC PINK: INOTF) appears in news coverage primarily through its corporate updates, financing announcements and proposed transactions. Company news releases describe Predictiv AI as a technology company that uses artificial intelligence, deep machine learning and data science techniques to help businesses and organizations make smarter decisions. They also note that operations have been put on hold due to financial constraints, which makes capital markets and strategic updates particularly relevant to followers of the stock.
A key theme in recent news has been Predictiv AI’s proposed business combinations with Shift Technologies Canada Inc. and HouseStack Holdings Inc. The company has announced letters of intent and amended letters of intent outlining a reverse takeover structure in which Shift and HouseStack would become wholly owned subsidiaries or combine with a subsidiary of Predictiv AI. These stories often detail expected share exchanges, proposed consolidations, and conditions such as regulatory approvals and concurrent financings.
Other recurring news topics include non-brokered private placement financings, shares-for-debt transactions and changes in trading status on the TSX Venture Exchange NEX board. Releases have discussed unit offerings with attached warrants, conversion of payables into equity and the lifting of trading halts following regulatory actions. Because the company explicitly cautions that proposed transactions and financings may not be completed as described, these updates provide context on both opportunities and risks.
Investors and observers who follow INOTF news can use this page to review historical announcements about reverse takeover proposals, capital raises, trading reinstatements and the company’s descriptions of related AI platforms such as Shift, HouseStack and CloudRep. Regularly reviewing these items can help users understand how corporate plans and financing activities evolve over time.
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Predictiv AI Inc. (OTCQB: INOTF) announced delays in filing annual financial statements for the year ending January 31, 2022. The Ontario Securities Commission has issued a cease trade order (CTO) against the company due to this delay, halting all trading of its securities. The company is working to remedy the situation and anticipates the CTO may be lifted shortly after the required filings are made. There is uncertainty regarding the timely resolution and lifting of the CTO.
Predictiv AI Inc. (OTC: INOTF) announced the appointment of Jim Grimes as interim President and CEO, effective July 30, 2021, following the resignation of Michael Lende for personal reasons. Grimes will continue as Chairman and aims to pursue the company's business strategies. Lende’s contributions over 15 months were acknowledged, and he will assist in the transition. Predictiv AI specializes in artificial intelligence and is involved in various sectors, including insurance and logistics, through its subsidiary Weather Telematics.
Predictiv AI Inc. (OTC: INOTF) has entered a shareholders agreement with Commersive Solutions Corp. for their joint venture, SMRT Labs Inc., which includes the ThermalPass fever detection system. Predictiv AI holds a 51% interest in SMRT, with Commersive owning 49%. Under the agreement, Predictiv AI will issue 1,818,181 warrants at $0.3575 per share and 2,272,727 shares based on sales milestones of ThermalPass units. The company clarifies that there is no claim regarding the product's ability to address COVID-19.
Predictiv AI (OTC: INOTF) reported its FY2021 financial results, showing a significant revenue drop to $78,324 from $329,699 in FY2020. Operating expenses rose to $1,842,597, leading to a net loss of $7,243,417, compared to a loss of $2,051,725 the previous year. Despite the challenges, the company established strategic partnerships and launched new products, including ThermalPass and Alert Fleet. The fourth quarter also reflected a decline in revenue, totaling $4,971, resulting in a net loss of $5,040,572.
Predictiv AI Inc. (OTC: INOTF) reports growing demand for its ThermalPass temperature scanning system among North American schools, spurred by its installation in North Carolina's Iredell-Statesville Schools, home to over 20,000 students. The system is viewed as a game changer for enhancing safety and compliance with CDC recommendations to monitor health. Federal funding from President Biden’s $1.9 trillion COVID-19 relief package is also facilitating broader adoption. However, the company does not claim the product can eliminate COVID-19.
Predictiv AI Inc. (OTC: INOTF) announced that its sales partner, MCL, is launching a bundled offering of Covid-19 infection prevention solutions including the ThermalPass temperature scanning system. The bundle includes eight specialized products at a monthly fee of $499 over 60 months. ThermalPass can screen 1,200 temperatures per second using 24 thermal sensors, allowing touchless checks. The initiative targets various sectors including education and healthcare, aiming to enhance workplace safety.
Predictiv AI Inc. (OTC: INOTF) announced that its subsidiary, Weather Telematics Inc. (WTI), will equip Skelton Truck Lines' new 70-vehicle US fleet with the Alert Fleet Road Hazard mobile app. This technology offers real-time advanced road-weather hazard alerts, promoting safer driving conditions. Additionally, Skelton Truck Lines' installation fulfills a multi-year licensing agreement with Synoptic Data PBC. WTI's ground truth sensors, tested over 10 years and 100 million miles, provide accurate road weather data, enhancing reliability compared to competitors relying on open-source data.
Predictiv AI (OTC: INOTF) reports a surge in demand for its ThermalPass temperature scanning system from North American hospitals amid ongoing COVID-19 concerns. The company successfully sold multiple units to Memorial Healthcare System in Florida, enhancing safety protocols. The global thermal scanners market is expected to grow from $4.1 billion in 2020 to $6.7 billion by 2025. ThermalPass is positioned as a preferred choice due to its advanced technology and compliance with privacy standards.
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