Edge Total Stock Price, News & Analysis

EdgeTI (TSXV: CTRL) (OTCQB: UNFYF) has successfully closed its non-brokered private placement, raising CDN$4,250,000 by issuing 10,625,000 units at CDN$0.40 per unit. Each unit includes one subordinate voting share and half a warrant, exercisable at CDN$0.60 until September 16, 2026. The company will pay CDN$316,900 in finder's fees and issue 743,600 warrants to various financial institutions. Proceeds will be used for working capital and corporate expenses. The offering is subject to TSX Venture Exchange approval, with securities under a four-month hold period.

EdgeTI also clarified its relationship with Vidrovr, stating they are currently exploring potential product integration without any formal financial agreements in place.

EdgeTI's partner, North Wind Group, was mentioned in a Gartner webinar titled 'Reshape Products, Customer Experience and Operations With Digital Twins'. The webinar explores how business leaders can utilize digital twins for digital transformation. Jim Furr, North Wind Group's CIO and President/General Manager of their IT/Cyber business line, has transformed the company's decision-making culture using EdgeTI's edgeCore platform.

The platform enables real-time data delivery for faster, data-driven business decisions, reducing time-to-execute and increasing accuracy. EdgeTI CEO Jim Barrett praised the webinar's content, particularly its insights on navigating cultural resistance to digital transformation. The Gartner webinar highlights how leading enterprises using digital twins contribute to process improvements, enhance business visibility, and drive revenue.

Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) has formed a strategic partnership with Vidrovr to revolutionize the use of visual, audio, and image data in Digital Twin applications. This collaboration aims to tackle the challenge of processing vast amounts of video data across industries.

Vidrovr's machine learning technology will be integrated with edgeTI's edgeCore™ platform to enable real-time video processing and actionable insights within Digital Twins. The partnership addresses the need for efficient video consumption and analysis in operational environments.

The collaboration will focus on technology integration, co-marketing efforts, and direct engagement with enterprises and systems integration partners. This strategic alliance is expected to create faster time to value for customers by enhancing the capabilities of Digital Twin applications in various industries.

Edge Total Intelligence Inc. (TSXV: CTRL) (OTC Pink: UNFYF) has been recognized as a Sample Vendor in the Digital Twins category of the Gartner® Hype Cycle™ for ERP, 2024. This marks the company's first inclusion in this report. Digital twins are software-based models representing the state of assets, processes, or organizations, embedding business logic to optimize outcomes.

Gartner highlights the importance of digital twins in accelerating business processes, contributing to machine learning and GenAI foundation models, and facilitating improvements such as cost optimization, improved visibility, and new revenue models. edgeTI's edgeCore™ Digital Twins Platform unites data without rehoming everything into a traditional ERP system, offering a unique approach that saves time and expense in achieving value.

Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5i), a provider of real-time digital operations software, presented at the 2024 Emerging Technologies for Defense Conference & Exhibition in Washington, DC. The company's Chief Revenue Officer, Jacques Jarman, delivered a presentation titled 'How A Digital Twin Leveraging a Proven Secure Data Mesh Can Dramatically Accelerate the Realization of CJADC2' as part of the Combined Joint All Domain Command & Control (CJADC2) block.

The presentation focused on addressing CJADC2's challenge of delivering the right information to the right people on the right device at the speed of relevance. EdgeTI showcased novel solutions in Digital Twins and Data Mesh to rapidly achieve CJADC2 objectives, engaging with government representatives and fellow technology leaders.

Edge Total Intelligence Inc. (TSXV: CTRL, OTC Pink: UNFYF, FSE: Q5I) announced the revocation of a management cease trade order (MCTO) by the British Columbia Securities Commission (BCSC). The MCTO was initially issued on April 30, 2024, due to the company's delay in filing its audited financial statements for the fiscal year ending December 31, 2023, and related documents. The delay also affected the timely submission of interim financial statements for the three-month period ending March 31, 2023. EdgeTI rectified these disclosure deficiencies by filing both the annual and interim financial statements on July 2, 2024. This rectification led to the revocation of the MCTO by the BCSC.

Edge Total Intelligence Inc. (TSXV: CTRL, OTCQB: UNFYF) reported its audited financial results for Q4 and full year 2023. The company reduced its liabilities by 48% to $6.19 million from $11.85 million in 2022. Q4 revenue increased by 29% to $971,419, while full-year revenue rose 7% to $3.82 million. Operating expenses and cost of goods sold in Q4 decreased by 50% to $2.52 million. Net and comprehensive income improved by 126% in Q4, with a net income of $1.36 million compared to a loss of $4.49 million in Q4 2022. For the full year, the net loss decreased by 81% to $986,126. Significant achievements in 2023 include key strategic partnerships, industry recognitions, and a successful debt restructure which converted $5.27 million in debt to 9 million common shares.

Edge Total Intelligence (TSXV: CTRL) (OTCQB: UNFYF) and Edgewater Federal Solutions will jointly exhibit at the 2024 TechConnect World Innovation Conference and Expo from June 17-19 at National Harbor, MD. This event aims to connect cutting-edge research and innovations with industry stakeholders. At Booth 429, they will showcase their capabilities in IT operations, cybersecurity, and mission planning. EdgeTI will demonstrate its Digital Twin platform, edgeCore™, and Jacques Jarman will present on actionable enterprise decision-making and AI/ML adoption. Shaun Poulton of Edgewater emphasized the transformative potential of their collaborative data analytics solutions.

Edge Total Intelligence (UNFYF) has provided an update on the Management Cease Trade Order (MCTO) application announced on April 26, 2024. The application was approved by the British Columbia Securities Commission on April 30, 2024. The MCTO restricts the CEO and CFO from trading company securities until the Annual and Interim Filings are submitted by June 28, 2024. Shareholders are not affected. The filing delays are due to the preparation of annual financial statements and are expected to be resolved soon. The company will continue issuing bi-weekly updates until the MCTO is lifted.