TORONTO and OTTAWA, Nov. 29, 2018 – Internet of Things Inc. (TSX- V: ITT) (OTC: INOTF) (FRANKFURT: 71T) (“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 showcasing its industry-leading Road Weather Conditions and Hazards Service at the grand opening of the National Research Council Canada (“NRC”) London Manufacturing and Automotive Lab on Friday, November 30th in London, Ontario.
The event will consist of a facility tour, live demonstrations, and a networking opportunity with other leading Canadian automotive suppliers. Weather Telematics’ Michael Keefe, Chief Strategy Officer, will be presenting to government representatives, the media and peers the innovative road safety data and predictive weather analytics technology that Weather Telematics has created. Attendees will also have the opportunity to view and use the Weather Telematics’ solution in two Lexus demonstration vehicles through the collaboration Weather Telematics has with the Automotive Parts Manufacturers Association (“APMA”).
The focus of this new NRC open space is to help Canadian automotive manufacturers adopt more advanced manufacturing approaches, including mass customization, process industrialization, and data-driven factory automation, as well as manufacturing with new materials and other new vehicle technologies. New capabilities will be developed to enable the digital factories (Industry 4.0) that will produce the transportation technologies of tomorrow, such as Connected/Autonomous Vehicles (CAV).
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.
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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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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