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IIOT-OXYS, Inc. and Aretas Sensor Networks, Inc. Sign Collaborative Agreement

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IIOT-OXYS, Inc. (OTC PINK: ITOX) announced a Collaborative Agreement with Aretas Sensor Networks Inc. to support a six-figure order of Indoor Air Quality (IAQ) sensors. This partnership aims to enhance growth through shared business and technological opportunities, including AI and machine learning development. The IAQ market is projected to grow from $3 billion in 2020 to $5.5 billion by 2026, indicating strong potential for both companies. CEO Cliff Emmons highlighted this collaboration as a significant step towards rapid growth and new business ventures.

Positive
  • Execution of a Collaborative Agreement with Aretas, indicating strategic growth.
  • Potential ownership stake in Aretas for Oxys, enhancing investor value.
  • Access to a six-figure purchase order from a repeat customer, signaling strong demand.
  • Growth prospects in the IAQ market, expected to reach $5.5 billion by 2026.
Negative
  • None.

CAMBRIDGE, MA / ACCESSWIRE / April 5, 2022 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys") announces the execution of a Collaborative Agreement with Aretas Sensor Networks Inc., a Canadian Indoor Air Quality (IAQ) Industrial Internet-of-Things (IIoT) start-up ("Aretas").

The agreement enables Aretas to secure inventory to fulfill a six figure USD purchase order for their Indoor Air Quality (IAQ) sensors & IIoT software platform from a repeat customer. It also establishes the foundation for an ongoing collaborative strategic partnership between the two companies. Cliff Emmons, CEO of Oxys stated, "The agreement benefits Oxys through interest on capital, a potential ownership stake in Aretas, and additional opportunities for growth through future projects and collaborative business structures. While executing this first collaborative project, our companies will explore next steps in the following areas: Business Development; a Proof-Of-Concept (POC) of Aretas technology at Oxys's Cambridge, MA offices; and distributorship opportunities for Aretas products in the northeast. We'll also explore collaborative Technological Development in the form of sub-contracting for AI and Machine Learning algorithm development. In our initial discussions, Daniel Pothier, CEO of Aretas, was pleased with and expressed interest in leveraging Oxys AI and Machine Learning knowhow."

"Aretas's robust technology and strong traction in the IAQ market bodes well for strong future growth, and this initial Oxys-Aretas agreement is the beginning of great things," continued Mr. Emmons. The global IAQ monitoring market was estimated to be $3 billion USD in 2020 and is projected to grow at 9.9.% CAGR and reach $5.5 billion by 2026. Mr. Emmons concluded, "We are pleased to have partners like Aretas that move quickly and decisively to foster rapid growth for our two companies, and we expect more new business to follow."

About Aretas Sensor Networks Inc.

Aretas Sensor Networks, Inc. combines IoT sensor technology, cloud-based platform, and machine learning/ AI for an end-to-end solution to ingest, collect, display and analyze IoT data to allow companies to make better decisions.

About IIOT-OXYS, Inc.

IIOT-OXYS, Inc. (OTC PINK: ITOX) is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS's edge computing open-source hardware and proprietary ML algorithms employ our Minimally Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com.

Forward-Looking Statements

This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information:

IIOT-OXYS Inc.
Clifford L. Emmons
CEO
contact@oxyscorp.com
www.oxyscorp.com

SOURCE: IIoT-OXYS Inc.



View source version on accesswire.com:
https://www.accesswire.com/696176/IIOT-OXYS-Inc-and-Aretas-Sensor-Networks-Inc-Sign-Collaborative-Agreement

FAQ

What is the Collaborative Agreement between IIOT-OXYS and Aretas?

The agreement allows Aretas to fulfill a six-figure order for IAQ sensors and establishes a strategic partnership for future business opportunities.

How will the IIOT-OXYS and Aretas partnership benefit ITOX shareholders?

The partnership may provide new revenue streams, potential equity in Aretas, and enhanced growth through collaborative projects.

What is the projected growth of the Indoor Air Quality market?

The global IAQ monitoring market is projected to grow from $3 billion in 2020 to $5.5 billion by 2026, with a CAGR of 9.9%.

Who is the CEO of IIOT-OXYS?

Cliff Emmons is the CEO of IIOT-OXYS, as mentioned in the press release.

What technology does Aretas Sensor Networks Inc. use?

Aretas combines IoT sensor technology with a cloud-based platform and machine learning for data analysis and decision-making.

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