Toronto, Canada, September 5, 2018 – Internet of Things Inc. (TSX VENTURE: ITT; OTC: INOFT; FRANKFURT: 7IT) (“IoT Inc.” or the “Company”) a strategic investor and operator of emerging technology companies with innovative IoT, AI and Blockchain solutions, is pleased to announce that its wholly-owned subsidiary, Weather Telematics Inc. (“WTX Inc.” or “Weather Telematics”), has been granted a patent from the European Patent Office for the mobile collection, analysis and processing of meteorological data, originally filed in 2015.
The patent of Weather Telematics’ existing hardware and software solutions enables the collection of granular data, in addition to providing the ability to license and protect its technology. Weather Telematics uses an AI system, a proprietary mobile sensor network and a data fusion platform to generate its information. WTX Inc. has developed a unique set of meteorological data (based on hundreds of millions of miles of road weather data) that 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. The ability to collect, analyze 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,” said Robert Moran, CEO of Weather Telematics. “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.”
About Weather Telematics Inc.
Founded in 2010, Weather Telematics Inc. is a Canadian-based, IoT data science company offering road safety data products for industrial, government and consumer markets. Weather Telematics uses a proprietary vehicle-mounted mobile IoT sensor network and AI machine learning system to generate real-time and predictive road weather conditions, road hazard risk alert notifications and dynamic routing applications. The Weather Telematics platform mitigates weather risk, reduces traffic congestion and makes connected and autonomous navigation safer in all types of road conditions.
To learn more, visit: www.weathertelematics.com
Follow Weather Telematics on: Twitter: https://twitter.com/weathertx
About Internet of Things Inc.
Internet of Things Inc. is a strategic investor and operator of emerging technology companies with innovative technology solutions. The Company creates value through its portfolio companies’ expertise in IoT, AI and Blockchain solutions, by turning data into actionable intelligence to drive more efficiency into organizations.
The Company owns Weather Telematics Inc., has a joint venture partnership, New Hope IoT Intl Inc., with New Hope Data Technology Co. Ltd., and has its headquarters in Toronto, Canada.
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Kim Nguyen, Director of Corporate Communications
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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