Welcome to our dedicated page for Iiot-Oxys news (Ticker: ITOX), a resource for investors and traders seeking the latest updates and insights on Iiot-Oxys stock.
IIOT-OXYS, Inc. (OTC PINK: ITOX) is a Nevada-incorporated technology company based in Cambridge, Massachusetts that focuses on Industrial Internet of Things (IIoT), Artificial Intelligence and Machine Learning, edge computing, and manufacturing operations. The news flow around IIOT-OXYS centers on how it applies these technologies in smart manufacturing and structural health monitoring, as well as on its financing and corporate developments.
Readers following IIOT-OXYS news will see updates on smart manufacturing projects, such as Proof of Concept (POC) engagements and Software-as-a-Service (SaaS) contracts with CNC machining and other discrete manufacturing operations. The company reports on the use of its proprietary AI and machine learning algorithms, Minimally Invasive Load Monitoring (MILM) technology, and edge computing hardware to deliver predictive analytics, real-time dashboards, and productivity-related insights.
Another recurring news theme is structural health monitoring (SHM), where IIOT-OXYS has disclosed bridge monitoring contracts with a Department of Transportation in a major northeast U.S. state. Releases describe contract extensions, the role of its data-driven models in supplementing visual bridge inspections, and the contribution of strategic partner Aingura IIoT, S.L.
News items also cover strategic partnerships and agreements, including distributor and collaboration agreements with sensor and engineering firms, as well as advisory appointments aimed at expanding its biotech and pharma Industry 4.0 vertical. In addition, investors can find announcements related to annual and quarterly results, investor conference calls, business updates, and SEC-reported financing transactions.
For investors and observers, the IIOT-OXYS news page provides a consolidated view of operational milestones, contract wins and extensions, partnership developments, and capital structure changes that the company has chosen to disclose.
IIOT-OXYS, Inc. (OTC Pink: ITOX) shares insights in a recent interview with SmallCapVoice.com. CEO Cliff Emmons highlights key achievements in 2021, including securing financing partners and enhancing their machine learning algorithms for diverse industry applications. The company effectively navigated COVID-related challenges, establishing a foundation for future growth in supply chain and smart manufacturing sectors.
The full interview is accessible at SmallCapVoice.com.
IIOT-OXYS, Inc. (OTC PINK:ITOX) has signed a Non-Disclosure Agreement (NDA) with a strategic medical component manufacturer in New England. CEO Cliff Emmons highlighted that this agreement marks the start of collaboration focused on enhancing manufacturing quality and productivity through edge computing and machine learning. This partnership expands IIOT-OXYS's engagement in discrete manufacturing, vital for medical devices. The company has now entered five such agreements this year, aiming to capitalize on the $76.7 billion IIoT market, projected to reach $106.1 billion by 2026.
IIOT-OXYS, Inc. (OTC PINK:ITOX) has signed a Non-Disclosure Agreement (NDA) with a New England-based consultancy specializing in metal component processing. This partnership aims to enhance IIOT-OXYS's capabilities in discrete manufacturing for medical devices, supplementing its biotech processes. The consultancy brings over 30 years of experience, focusing on engineering and quality challenges. This agreement marks their fourth for 2021 and supports the company's growth strategy in the industrial IoT market, projected to reach $106.1 billion by 2026.
IIOT-OXYS, Inc. (OTC PINK:ITOX) announced that its partner, Aingura IIoT, S.L., has successfully won a Spanish Structural Health Monitoring (SHM) tender valued at 1.325 million euros. Aingura collaborated with ARDANUY INGENIERIA and UNIVERSIDAD POLITÉCNICA DE MADRID to form a consortium known as FAI4CIM, which was selected among 12 proposals. This achievement, recognized by CDTI for its innovation and technical compliance, is expected to boost future collaborations in both SHM and Smart Manufacturing sectors.
IIOT-OXYS, Inc. (OTC PINK: ITOX) announced that its partner, Aingura IIoT, S.L., secured an initial contract with ArcelorMittal, the largest steel manufacturer across North America, South America, and Europe. This contract involves a Proof of Concept focusing on improving efficiency within a specific sub-process of steel manufacturing. The collaboration, established in March 2020, aims to leverage the strengths of both companies, potentially leading to multi-phase engagements based on the outcomes of the project, which is expected to reach a significant milestone by December 2021.
IIOT-OXYS, Inc. (OTC PINK: ITOX) has signed a Non-Disclosure Agreement (NDA) with a South American structural health monitoring start-up. This strategic partnership aims to pursue government and commercial contracts in the structural health monitoring sector, leveraging the start-up's expertise and IIOT-OXYS's technology. The company has now established a total of six NDAs in 2021, indicating growth in strategic collaborations. The potential of accessing a $2 trillion infrastructure plan in the U.S. could further enhance business opportunities, particularly in the structural health monitoring market, projected to reach $2.9 billion by 2025.
IIOT-OXYS, Inc. (OTC PINK:ITOX) announced a Non-Disclosure Agreement (NDA) with a New England biomedical start-up, enhancing its foothold in the medical device manufacturing sector. This partnership aims to leverage IIOT-OXYS's technology in plastic extrusion processes crucial for medical devices. CEO Cliff Emmons highlighted the strategic significance of the collaboration, which marks the company's third such agreement in 2021. This follows prior successes, including a pilot program with a Fortune 500 pharma company, indicating potential for future business growth.
IIOT-OXYS, Inc. (OTC PINK: ITOX) recently announced the successful completion of Chandran Seshagiri, Ph.D.’s interim CTO role. He will now serve as Advisory Board Chairman, continuing to guide algorithm development. CEO Cliff Emmons will temporarily assume CTO duties as the company finalizes a contract with a new candidate, emphasizing a shift towards Artificial Intelligence and Machine Learning. The firm has secured Non-Disclosure Agreements and is building on prior collaborations, aiming to expand its presence in smart manufacturing and structural health monitoring.
IIOT-OXYS, Inc. (OTC PINK:ITOX) provided a business update on June 29, 2021, focusing on its investor relations and future revenue prospects. Despite revenue challenges, the company maintains a strong position with significant partners and pending proposals. The IIoT market is projected to grow, and the company expects revenue generation in the second half of 2021, driven by ongoing contract pursuits and marketing efforts. An S-1 sales process is funding operational activities, though forward-looking statements highlight risks, such as dependency on major customers and the ability to secure new contracts.
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