TORONTO, May 15, 2020 /CNW/ - Internet of Things
Inc. (TSX VENTURE: ITT) (OTC: INOTF) (FRANKFURT: 71T) ("ITT Inc." or the
"Company") www.iotintl.com, a software and solutions
provider in the artificial intelligence and industrial IoT markets,
announced today that due to the on-going COVID-19 pandemic and
efforts to contain the highly contagious virus, it is experiencing
an increase in expressions of interest for its newly developed
fever-detection system,
ThermalPass. www.thermalpass.com
AI Labs Inc. ("AI Labs"), a wholly owned subsidiary of
ITT Inc., in conjunction with Commersive Solutions Corp.
("Commersive"), a developer of integrated, point-of-sale
technologies that create unique retail experiences, are bringing to
market a temperature monitoring solution that can be rapidly
deployed at entrance ways to office buildings, airports, stadiums
and other public spaces. ThermalPass with its array of multiple
thermal sensors, quickly and efficiently detects body temperatures
as individuals pass through at a regular pace of movement. The
system is built onto an industrial strength frame and offers
unparalleled accuracy in scanning a subject at a rate of 20-times
per second.
The system offers unique and distinctive competencies over other
fever detecting devices as it uses medical grade sensors vs.
cameras. Infrared cameras are less accurate, more expensive,
obtrusive to personal space and infringe on privacy. ThermalPass'
sensors are designed to measure temperature from a distance by
detecting an object's infrared energy. The Company's AI-powered
system allows for fast, touch-free scanning of individuals as they
pass through the device without impeding walking speed when
entering high-traffic public locations. The system instantly and
quietly alerts security personnel of any person with a
higher-than-normal temperature, enabling staff to conduct a
secondary check and maintain traffic flow.
"As the spread of contagions is a major concern, governments and
businesses must implement solutions to put minds at ease as people
get back to work," said Michael
Lende, President & CEO of Internet of Things Inc. "While
we are not happy to see this pandemic prolonged, we are proud to
have created a mitigating solution that is being met with such
fervent commercial interest. ThermalPass is positioned to help all
types of corporations and institutions rebuild confidence as the
world recovers from this unprecedented economic and health
crisis."
Internet of Things Inc. is in continuing discussions with large
property management companies, nationwide retail chains and various
levels of government who are interested in potentially deploying
ThermalPass as a measure to reopen facilities safely. In addition
to protecting their own spaces, these entities see ThermalPass to
enhance society's collective COVID-19 containment strategy, should
secondary waves of the virus emerge.
Regarding regulatory approval for the device, the Company has
applied to Health Canada for its Medical Device Establishment
License under the government's streamlined Interim Order
process.
For more information on Internet of Things Inc.
visit: www.iotintl.com and follow ITT on:
Facebook:
https://www.facebook.com/InternetofThingsInc/
Twitter:
https://twitter.com/ITTintl
LinkedIn:
https://www.linkedin.com/company/internet-of-things-inc-/
About Internet of Things Inc. (TSX VENTURE: ITT)
(OTC: INOTF) (FRANKFURT:
71T): Internet of Things Inc. is a technology company
which helps businesses and organizations make smarter decisions
using advanced artificial intelligence, deep machine learning and
data science techniques. Its Weather Telematics Inc. subsidiary
uses patented air quality monitoring sensors to provide predictive
weather risk information to the insurance, logistics, fleet
management and public safety sectors. The Company's R&D
division, AI Labs Inc., develops new products that solve real-world
business problems. The joint venture with Commersive Solutions
Corp. is developing innovative technologies for use in various
public spaces, starting with the ThermalPass™ fever detection
system.
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: ThermalPass achieving the commercial
results anticipated by the Company; market demand for ThermalPass;
and, other 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.
____________________________________________________________________________
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
SOURCE Internet of Things Inc.