Internet of Things Inc (OTCMKTS:INOTF) (CVE:ITT) said Thursday that its Weather Telematics Inc subsidiary has been selected to participate in “proof-of-concept” pilot programs with two major auto companies.
The tests will evaluate Weather Telematics’s Predictiv RC platform, which provides current and predicted road weather conditions for autonomous vehicles. The pilot programs are scheduled to start in the second quarter.
The Predictiv RC platform, according to Internet of Things, improves the ability of vehicles and drivers to manage and mitigate the risks associated with driving in poor weather conditions.
“We’re excited to be participating in these proof-of-concept programs with two key auto sector players,” Weather Telematics CEO Bob Moran said in a statement.
He added that being invited to prove how the platform’s predictive algorithms can improve driving safety is a “testament” to its technical sophistication.
Based in Toronto, Internet of Things invests in data-driven industrial internet-of-things companies. In addition to Weather Telematics, it operates a joint venture with New Hope Data Technology Company Ltd.
Shares of Internet of Things traded at US$0.02 in Wednesday’s OTC Markets trading. They slipped C$0.01 to C$0.03 in Canada.
Contact Dennis Fitzgerald at [email protected]