Predictiv AI's Weather Telematics Partners with Propel IT to Accelerate Commercialization of IT SAAS Fleet Safety Platform

Rhea-AI Summary

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.

Positive

• Strategic partnership with Propel IT enhances real-time data access for drivers and dispatchers.
• Integration of Alert Fleet offers advanced weather hazard alerts, potentially reducing accidents.
• Subscription model will create a recurring revenue stream proportional to fleet size.

Negative

• None.

TORONTO, March 23, 2021 /PRNewswire/ - Predictiv AI Inc. (TSXV: PAI) (OTC: INOTF) (FSE: 71TA) ("Predictiv AI" or the "Company"), www.predictiv.ai, a software and solutions provider in the artificial intelligence markets is pleased to announce that its wholly-owned subsidiary, Weather Telematics Inc. ("WTX"), has formalized a strategic product integration partnership with Propel IT Inc. ("Propel"). The new partnership will significantly enhance available real-time data to which drivers and dispatchers can access. WTX's hyperlocal, advanced road weather hazard alert system warns drivers of impending dangerous conditions such as black ice, poor visibility and hydroplaning.

Propel is a technology and data company that maximizes safety and efficiency in commercial fleets, who have been serving the transportation and logistics industry in the United States for more than 9 years. Propel is focused on improving driver safety, lowering insurance costs, and reducing environmental impact through fuel savings. Once commercially deployed and integrated, the Alert Fleet system will run as a SAAS model with a monthly recurring revenue component proportionate to the number of vehicles within a customer's fleet.

"Smarter driving to us means preventing and reducing the impact of accidents for drivers and others on the road. By integrating Alert Fleet with our existing software offerings, our users will now have access to unparalleled real-time advanced hazardous road condition alerts which greatly enhances our efforts to save lives and minimize accidents that could otherwise have been preventable," said Michael Dieschbourg, President of Propel IT. "The goal is to constantly improve our products in order to help improve driver safety, transportation infrastructure safety and minimize supply chain disruption. Integrating Alert Fleet enhances our suite of offerings and positions us to be one of the most unique fleet safety solutions in market."

"The demand for safer driving is always increasing and has been further heightened as critical supply chains continue to be challenged by the impact of COVID-19. Since the beginning of the pandemic, fatal accidents are actually up, while miles driven are down in the United States," said Michael Lende, CEO of Predictiv AI. "With multiple clients in North America, Propel IT is the ideal fleet solutions company to integrate with, already having many synergistic clients built into their network. We're very excited about the opportunity of having Alert Fleet part of a full end-to-end solution for fleet management and optimization. We look forward to working with Propel IT on Alert Fleet and other novel integrations as we continue to innovate."

For more information on Predictiv AI or ThermalPass, visit: www.predictiv.ai and follow Predictive AI on:

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LinkedIn:          https://www.linkedin.com/company/predictivai/ 

About Propel IT
Propel is a technology and data company for risk management in fleets and commercial auto insurance that maximizes safety as well as efficiency in commercial fleets. With millions of miles, data, and risk hotspots noted across the United States, Propel has helped their commercial fleet customers to eliminate critical events by over 50% via a reduction in adverse behaviors utilizing big data and benchmarking driver behavior. Propel offers years of transportation industry experience with a strong team of professionals who have served over 10,000 drivers while delivering positive ROI consistently. The Propel software platform uses proprietary probabilistic models, machine learning algorithms, and dynamic safety routing to deliver the best results to our insurance partners and fleets.

About Predictiv AI Inc.
Predictiv AI Inc. www.predictiv.ai 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.

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.

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SOURCE Predictiv AI Inc.

FAQ

What is the purpose of the partnership between Predictiv AI and Propel IT?

The partnership aims to enhance real-time data access for drivers and dispatchers through the integration of the Alert Fleet system, which provides advanced weather hazard alerts.

What is Alert Fleet and how does it benefit drivers?

Alert Fleet is a system that warns drivers of road hazards like black ice and poor visibility, enhancing safety and efficiency in commercial fleets.

How does the integration of Propel IT's system impact Predictiv AI's business model?

The integration will operate on a SAAS model, generating monthly recurring revenue based on the number of vehicles in a client's fleet.

What recent trends in driving safety influenced this partnership?

The demand for safer driving has increased due to rising accident rates during the COVID-19 pandemic, despite a decrease in miles driven.