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) announced the appointment of Thomas D. Murphy as its new Advisory Board Member. CEO Cliff Emmons highlighted Murphy's extensive experience and contributions as an early investor. Murphy's background includes leadership roles at CATIC Title Insurance and experience in law, which will benefit the company as they aim to enhance customer value. The collaboration with Aingura IIoT, S.L. and a successful pilot with a Fortune 500 Pharma company are expected to drive business growth.
IIOT-OXYS, Inc. (OTC PINK:ITOX) has signed Non-Disclosure Agreements (NDAs) with two prominent New England universities for a collaboration on a Structural Health Monitoring grant submission. CEO Cliff Emmons expressed confidence in securing a National Science Foundation (NSF) grant, leveraging insights from a successful bridge monitoring pilot conducted in 2020. This partnership aims to facilitate access to non-dilutive funding and positions the company to benefit from the anticipated $2 Trillion infrastructure legislation. The global Structural Health Monitoring market is projected to reach $2.9 billion by 2025.
IIOT-OXYS, Inc. (OTC PINK: ITOX) has appointed Chandran Seshagiri as Interim Chief Technology Officer. Previously serving as Advisory Board Chairman, Seshagiri's expertise in AI and Machine Learning is expected to enhance the company’s focus on these areas. The leadership transition follows the departure of former CTO Tony Coufal. The company secured two new NDA agreements with biotech startups, indicating growth potential. CEO Cliff Emmons highlighted the importance of data transformation skills for future engagements, hoping to leverage these developments into new business opportunities.
IIOT-OXYS, Inc. (OTC PINK:ITOX) has announced the appointment of Chandran Seshagiri, Ph.D. as its new Advisory Board Chairman. CEO Cliff Emmons highlighted Seshagiri's significant contributions to past projects and his ongoing work in algorithm development for Smart Manufacturing and Structural Health Monitoring. The company anticipates these developments will enhance customer value and is already seeing potential engagements with new clients. The firm emphasizes its commitment to innovation and continues to explore opportunities with prior prospects.
IIOT-OXYS, Inc. (OTC PINK: ITOX) announced a Non-Disclosure Agreement with a New England biotechnology start-up focused on innovative medical device implants currently in clinical trials. This marks the second NDA executed in two months, indicating an expansion in their pharmaceutical manufacturing segment. CEO Cliff Emmons expressed enthusiasm about leveraging IIOT-OXYS's technology for enhancing manufacturing processes. The company aims to use its edge computing and machine learning algorithms to add significant value to the client's biomanufacturing operations.
IIOT-OXYS, Inc. (OTC PINK:ITOX) has announced a delay in the filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2020. CEO Cliff Emmons stated that complexities related to the financial statements necessitated additional time, pushing the filing target to mid to late September. Emmons emphasized the company's commitment to keeping shareholders informed about its SEC filings. The press release also includes forward-looking statements highlighting potential risks, such as losing major customers and financing challenges.