TORONTO and OTTAWA, Feb. 13, 2019 – Internet of Things Inc. (TSX VENTURE: ITT; OTC: INOTF; FRANKFURT: 7IT) (“IoT Inc.” or the “Company”) invests in data-driven industrial IoT companies that deliver significant benefit to the verticals they serve. The Company is pleased to announce that its wholly-owned subsidiary, Weather Telematics Inc. (“WTX”), has introduced Predictiv RC, the industry-leading advanced micro-scale road conditions platform for safer mobility. Predictiv RC provides unsurpassed accuracy in assessing and managing risks associated with driving in poor road weather conditions. This is a critical solution necessary for the burgeoning autonomous and electric vehicle markets.
Predictiv RC is WTX’s updated global platform that delivers “micro-scale” mapping resolution, ranging from 500 meters to below 200 meters. This unique feature enables Weather Telematics to improve the safety of current connected and electric vehicles while providing the essential data needed to operate autonomous vehicles in all weather conditions.
The platform’s APIs provide historical, current and predictive road weather conditions (dry, wet, snowy, icy) and road weather hazards, including hydroplaning, wind, visibility, hail and lightning. Predictiv RC enables vehicles to navigate safely in dangerous road conditions, predicting conditions 6-hours in advance on any route, with more than 90% accuracy.
For autonomous vehicle OEMs and automotive Tier 1 suppliers, WTX’s Predictiv RC platform assists vehicles’ management of adverse road conditions for safer driving, while predicting road weather conditions ahead of the vehicle to ensure safer route selection.
For electric vehicle manufacturers, Predictiv RC provides essential data needed to accurately assess the battery life, especially in extreme cold and hot weather conditions.
“Our team has exceeded all expectations and we are very excited about the launch of the new micro-scale Predictiv Road Conditions platform,” said Bob Moran, CEO of Weather Telematics. “Predictiv RC provides a new level of predictive road weather conditions capability and position WTX for its next stage of market penetration and growth.”
About Weather Telematics Inc.
Weather Telematics Inc. is an IoT data science company offering road safety data products for industrial, government and consumer markets. Weather Telematics uses a proprietary vehicle-mounted mobile IoT sensor network and AI machine learning system to generate historical, real-time and predictive road weather conditions, for road hazard risk alerts and dynamic routing applications. Their industry-leading Predictiv RC platform mitigates weather risk, reduces traffic congestion and makes connected and autonomous navigation safer in all types of road conditions.
About Internet of Things Inc.
Internet of Things Inc. invests in data driven industrial IoT companies that deliver significant benefit to the verticals they serve. The Company owns Weather Telematics Inc., has a joint venture channel partnership with New Hope Data Technology Co. Ltd., and is headquartered in Toronto, Canada.
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Cautionary and Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results of the Company to differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to factors referenced in the Company’s other continuous disclosure filings, which are available at sedar.com. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.
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