PREDICTIV AI INC - INOTF STOCK NEWS

Predictiv AI (OTC: INOTF) reported its FY2021 financial results, showing a significant revenue drop to $78,324 from $329,699 in FY2020. Operating expenses rose to $1,842,597, leading to a net loss of $7,243,417, compared to a loss of $2,051,725 the previous year. Despite the challenges, the company established strategic partnerships and launched new products, including ThermalPass and Alert Fleet. The fourth quarter also reflected a decline in revenue, totaling $4,971, resulting in a net loss of $5,040,572.

Predictiv AI Inc. (OTC: INOTF) reports growing demand for its ThermalPass temperature scanning system among North American schools, spurred by its installation in North Carolina's Iredell-Statesville Schools, home to over 20,000 students. The system is viewed as a game changer for enhancing safety and compliance with CDC recommendations to monitor health. Federal funding from President Biden’s $1.9 trillion COVID-19 relief package is also facilitating broader adoption. However, the company does not claim the product can eliminate COVID-19.

Predictiv AI Inc. (OTC: INOTF) announced that its sales partner, MCL, is launching a bundled offering of Covid-19 infection prevention solutions including the ThermalPass temperature scanning system. The bundle includes eight specialized products at a monthly fee of $499 over 60 months. ThermalPass can screen 1,200 temperatures per second using 24 thermal sensors, allowing touchless checks. The initiative targets various sectors including education and healthcare, aiming to enhance workplace safety.

Predictiv AI Inc. (OTC: INOTF) announced that its subsidiary, Weather Telematics Inc. (WTI), will equip Skelton Truck Lines' new 70-vehicle US fleet with the Alert Fleet Road Hazard mobile app. This technology offers real-time advanced road-weather hazard alerts, promoting safer driving conditions. Additionally, Skelton Truck Lines' installation fulfills a multi-year licensing agreement with Synoptic Data PBC. WTI's ground truth sensors, tested over 10 years and 100 million miles, provide accurate road weather data, enhancing reliability compared to competitors relying on open-source data.

Predictiv AI (OTC: INOTF) reports a surge in demand for its ThermalPass temperature scanning system from North American hospitals amid ongoing COVID-19 concerns. The company successfully sold multiple units to Memorial Healthcare System in Florida, enhancing safety protocols. The global thermal scanners market is expected to grow from $4.1 billion in 2020 to $6.7 billion by 2025. ThermalPass is positioned as a preferred choice due to its advanced technology and compliance with privacy standards.

Predictiv AI Inc. (OTC: INOTF) has successfully sold and installed multiple ThermalPass temperature scanning systems in North Carolina's Iredell-Statesville Schools, enhancing safety protocols as schools reopen. This installation responds to the CDC's guidelines and supports over 20,000 students across 37 campuses. The system is anticipated to help reduce absenteeism, potentially increasing district funding by over $500,000. With the recent $1.9 trillion COVID-19 stimulus package, the education market for ThermalPass is expected to expand rapidly, bolstering Predictiv AI's growth prospects.

Predictiv AI Inc. (OTC: INOTF) has entered into a consultancy agreement with F2 Factor to enhance its sales and distribution capabilities. This partnership aims to leverage F2 Factor's expertise in multichannel marketing to support Predictiv AI's leadership in accelerating sales, particularly in its temperature screening solutions segment, including the ThermalPass product. Mark Collins, President of F2 Factor, highlighted the potential for differentiated value and sustained success for customers. Predictiv AI remains committed to developing innovative solutions without making claims about COVID-19 containment.

Predictiv AI Inc. (OTC: INOTF) announced the successful installation of multiple ThermalPass temperature scanning devices at Memorial Healthcare System facilities in South Florida. This technology aims to streamline temperature checks for staff amidst the ongoing COVID-19 pandemic. Memorial, a leader in healthcare, highlights the efficiency gained by integrating ThermalPass into its operations. Although the technology is lauded, Predictiv AI clarifies it does not claim to eliminate or contain COVID-19. The company remains focused on leveraging AI for innovative healthcare solutions.

Predictiv AI Inc. (OTC: INOTF) announced a strategic partnership between its subsidiary, Weather Telematics Inc., and Propel IT Inc. This collaboration aims to enhance real-time data access for drivers and dispatchers. The integrated system, Alert Fleet, will offer advanced weather hazard alerts to improve driver safety and efficiency. Propel, serving the transportation sector for over nine years, focuses on reducing accidents and environmental impact, while utilizing a subscription model for revenue. The partnership addresses growing safety demands amid increased accident rates during the pandemic.