Toronto, Canada, September 19, 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”), will be presenting at the 2018 United States Department of Transportation Road Weather Management Stakeholder Meeting. Weather Telematics’ CEO Robert Moran will be sharing the WTX Inc. thesis, opportunities, and industry trends.
The U.S. DOT notes that of the more than 5.7 million vehicle crashes each year, approximately 22% of these crashes are weather related. The purpose of the event is to provide a venue for peer exchange between the transportation and weather communities consisting of State Departments of Transportation, local agencies, academia, vendors, weather service providers (public and private), and consultants. The event will include presentations, facilitated discussions, and networking opportunities for all participants.
“Our team is successfully executing on plans and is establishing Weather Telematics as a recognized authority in the global road weather management and connected vehicle ecosystem. We are very pleased to be presenting at the 2018 US DOT Road Weather Management Stakeholder Meeting and to show how Weather Telematics platform can enhance vehicle and operator safety and reduce the government’s operating costs,” said Robert Moran. “This is the United States’ largest road weather management technology conference, and we look forward to sharing our latest product development advancements and are excited to be showcasing Weather Telematics to new audiences.”
To view the Internet of Things investor presentation, please visit the Investors page of the Company website here.
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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