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Internet of Things' road safety data subsidiary reaches key milestone with European patent

The group has been granted the patent for the "mobile collection, analysis and processing of meteorological data

Weather Telematics offers artificial intelligence (AI)-based predictive road condition weather analytics

The road-safety focused subsidiary of Internet of Things Inc.(CVE:ITT) has been boosted after received a key European patent for its data tech.

The group has been granted the patent for the "mobile collection, analysis and processing of meteorological data", which was originally filed in 2015, said ITT. It will allow the collection of granular data, as well as the capacity to license and protect its technology.

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The firm's AI system has developed a unique set of meteorological data, based on hundreds of millions of miles of road weather data, which allows it to make real-time hyper-local road condition predictions.

"We are very satisfied with the scope of the patent including its coverage of dynamic calibration and the processing aspects of meteorological data, which are part of the large spectrum of targeted mobile applications," said Robert Moran, chief executive of Weather Telematics.

"The ability to collect, analyse and process data, in real-time, from a moving device, with scientific integrity is novel and unprecedented, especially the ability to collect ambient and humidity readings while simultaneously processing dew point.

"All of our sensor technology has been approved by the World Meteorological Association and meets the rigorous standards to achieve the collection of scientifically approved road weather data and atmospheric conditions.

"To have been granted this patent in the market of the leading global autonomous vehicle manufacturers is a huge testament to the platform that we developed and is a significant milestone for the company."

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In June, Internet of Things closed the previously announced acquisition of Weather Telematics Inc, transforming the group into a 'real-time' road and environment data collection company.

Weather Telematics offers artificial intelligence (AI) based predictive road condition weather analytics and the consideration was C$2.53mln.

Weather Telematics uses a proprietary mobile sensor network and a data fusion platform.

Quick facts: Internet of Things Inc.

Price: 0.06 CAD

Market: TSX-V
Market Cap: $19.89 m

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