Toronto and Ottawa, Canada, April 02, 2019 – Internet of Things Inc. (TSX-V: ITT; OTC: INOTF; FSE: 7iT) (“IoT Inc.” or the “Company”), operates 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”), will introduce Predictiv SA (Safety Alerts), the industry-leading road safety alerting platform for safer mobility. Predictiv SA provides drivers with a single alert when road conditions ahead of the vehicle are predicted to be dangerous, requiring immediate driver intervention. This predictive safety alert helps drivers avoid, manage or mitigate dangerous road conditions before they occur.
Predictiv SA is a new extension of WTX’s Predictiv RC global platform that delivers “micro-scale” mapping resolution. This advanced capability 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 Predictiv SA API combines road weather conditions (dry, wet, snowy, icy) and road weather hazards, (including hydroplaning, wind, visibility), into one consolidated road safety “score”. The driver (and/or vehicle) only receive the Predictiv SA Safety Alert when the combined dangers exceed minimum risk thresholds, minimizing driver distraction.
For connected and autonomous vehicle OEMs and Tier 1 suppliers, WTX’s Predictiv RC and new Predictiv SA help manage adverse road conditions for safer driving, while predicting road weather conditions ahead of the vehicle to mitigate risk and ensure safer route selection.
“Many of today’s vehicles are capable of detecting dangerous road weather conditions near the vehicle, but in some cases it’s too late for the driver to take action”, said Bob Moran, CEO of Weather Telematics. “Predictiv SA has been specifically designed to give drivers and vehicles predictive awareness of hazards before they pose life-threatening risks. Combining our Predictiv RC and Predictiv SA products provides unsurpassed levels of safety for drivers and positions Weather Telematics as an industry leader in AI-based mobility technologies”.
About Weather Telematics Inc.
Weather Telematics Inc. is an IoT data science company offering road safety data products for industrial and government markets. Weather Telematics uses a proprietary vehicle-mounted mobile IoT sensor network and AI machine learning to generate historical, real-time and predictive road weather conditions for road hazard risk alerts and dynamic routing applications. Their industry-leading Predictiv RC and Predictiv SA platforms mitigate weather risk, reduce traffic congestion and make connected and autonomous navigation safer in all types of road conditions.
About Internet of Things Inc.
Internet of Things Inc. operates 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 Shanghai New Hope Data Technology Co. Ltd., and is headquartered in Toronto, Canada.
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For further information, contact:
|Internet of Things Inc.|
|Ron Shuttleworth, Chief Executive Officer|
|Weather Telematics Inc.|
|Michael Keefe, Chief Strategy Officer|
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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