viewPredictiv AI Inc

Internet of Things making strides with New Hope joint venture; reaches channel agreement

The venture has already made progress on a number of fronts. These include securing a channel agreement

Discussions are ongoing with a leading US$100bn Chinese conglomerate, the company said

Internet of Things Inc (CVE:ITT, OTC:INOFT) is expanding its market presence in Greater China, it said, as it updated on the  joint venture with New Hope IoT Intl Inc.

The venture has already made progress on a number of fronts. These include securing  a channel agreement with a leading Israeli machine learning and computer vision company that provides sensing solution to the smart building industry, it said.

Discussions are ongoing with a leading  US$100bn Chinese conglomerate with subsidiaries in insurance, banking and financial services to deploy this sensing solution.

It has also inked a co-operation agreement with an Israeli cold chain monitoring and tracking company.

Internet of Things and New Hope will initially target pharmaceutical and frozen food supply chain customers for its cold chain logistics solution.

It has also advanced the proof of concept (PoC) with Augury, an Internet of Things technology start-up based in the USA and Israel, which has developed a predictive maintenance solution.

"As a follow-up to our last corporate update on Sept. 27, 2017, we are moving forward with Augury, and it was decided to not move forward with Gemsens and Gate Tell/Telit," said Michael Frank, the firm's chief executive.

"We are continuing our ongoing evaluation of compelling products and solutions to meet evolving customer needs.

"We are excited about the partnerships that the JV has in place and we expect to leverage near term revenue-generating opportunities as we expand our market presence in Greater China."

In Toronto, the firm's shares were unchanged at C$0.065.

Quick facts: Predictiv AI Inc

Price: 0.28 CAD

Market: TSX-V
Market Cap: $17.18 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Predictiv AI Inc named herein, including the promotion by the Company of Predictiv AI Inc in any Content on the Site, the Company receives from...


Predictiv AI continue testing on fever detection ThermalPass as they prepare...

Predictiv AI (CVE:: PAI-OTC: INOTD) CEO Michael Lende joined Steve Darling from Proactive Vancouver with news the company has to release behind-the-scenes video footage of its AI-enabled, thermal medical-grade sensor temperature screening system, ThermalPass. Lende talks about that testing and...

2 weeks, 4 days ago

2 min read