logo-loader
Internet of Things Inc.

Internet of Things unit Weather Telematics selected for tests with major auto makers

Pilot programs will evaluate the Predictiv RC platform, which provides current and predicted road weather conditions for autonomous vehicles

Photo of Predictiv RC product
Predictiv RC is designed to improve the ability of drivers to handle bad weather

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.

READ: Internet of Things subsidiary Weather Telematics unveils new road conditions platform

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]

Quick facts: Internet of Things Inc.

Price: $0.02

Market: TSX-V
Market Cap: $3.04 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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 Internet of Things Inc. named herein, including the promotion by the Company of Internet of Things Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Internet of Things looks to Chinese market with Joint Venture

Internet of Things (CVE:ITT) CEO Ron Shuttleworth joined Steve Darling from Proactive Investors on Skype to talk about their joint venture with New Hope Data and how that opens door to the Chinese market. Shuttleworth also telling proactive about the new CEO, Kevin Li, that has been hired...

on 03/29/2019

2 min read