Corporate focus shifts to sales following
rigorous and successful testing of ThermalPass
prototypes
TORONTO, June 23, 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 that it has launched the pre-sales program for
ThermalPass, its AI-enabled, thermal sensor, temperature screening
system. The ramp-up in sales and marketing comes on the heels of
extensive testing, which emphatically confirmed the device's
efficacy and functionality. The move to commercialize coincides
with high demand for ThermalPass, as more than one hundred
unsolicited inquiries were received by the Company over the last
three weeks. ThermalPass accurately detects human body temperature
at a distance to help mitigate the spread of the deadly
coronavirus.
"We are pleased but not surprised by the immense international
interest ThermalPass has already garnered," said Michael Lende, President and CEO of Internet of
Things Inc. "Corporations, organizations and governments are
looking to provide an added layer of safety to limit the spread of
contagions and we have developed a superior product for this
application. The sales funnel is brimming with potential customers
including airports, long term care facilities, hospitals,
educational institutions, malls, corporate buildings, and other
venues where people congregate. Our first purchase order and
payment were booked last week, and the groundwork has been laid for
an initial production run of one-thousand units. Deliveries are
anticipated to commence in late July."
ThermalPass has distinctive advantages over its competition who
predominately use camera-based solutions. ThermalPass'
medical-grade sensors are more accurate, taking 20 temperature
readings per second. The ThermalPass touchless system does not
violate social distancing rules the way camera solutions do as it
does not require human intervention. Camera solutions infringe on a
person's privacy whereas the sensor based ThermalPass system does
not recognize a person's identity, preserving anonymity.
According to ReportLinker.com, the global thermal scanner market
size is estimated to grow from US$4.1
billion in 2020 to US$6.7
billion by 2025. The increasing adoption of thermal
temperature scanners at airports for the screening of people
possibly infected with coronavirus is one of the key factors
fueling this market's growth. Notably, the Canadian federal
government recently mandated the temperature screening of all air
travellers passing through the country's airports.
On June 17, 2020, Dr. Anthony Fauci, the nation's (US) top infectious
disease expert, said the US is still in its 'first wave' of the
coronavirus pandemic – a warning that comes as more states reopen
despite rising case numbers. More than 122,000 people in the US
alone have died due to the coronavirus and at least 19 states
experienced an increase in COVID-19 cases in the last two weeks.
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.