IIOT-OXYS, Inc. Enters into NDA with a South American Structural Health Monitoring Start-Up
IIOT-OXYS, Inc. (OTC PINK: ITOX) has signed a Non-Disclosure Agreement (NDA) with a South American structural health monitoring start-up. This strategic partnership aims to pursue government and commercial contracts in the structural health monitoring sector, leveraging the start-up's expertise and IIOT-OXYS's technology. The company has now established a total of six NDAs in 2021, indicating growth in strategic collaborations. The potential of accessing a $2 trillion infrastructure plan in the U.S. could further enhance business opportunities, particularly in the structural health monitoring market, projected to reach $2.9 billion by 2025.
- Execution of an NDA with a South American start-up enhances strategic partnerships.
- Total of six NDAs established in 2021 indicates increased collaboration opportunities.
- Potential access to the $2 trillion U.S. infrastructure plan could drive revenue growth.
- Structural health monitoring market projected to reach $2.9 billion by 2025, presenting growth potential.
- None.
CAMBRIDGE, MA / ACCESSWIRE / July 20, 2021 / IIOT-OXYS, Inc. (OTC PINK:ITOX) announced the execution of a Non-Disclosure Agreement (NDA) with a strategic South American Structural Health Monitoring start-up.
Cliff Emmons, CEO of IIOT-OXYS, Inc., stated, "This company has developed and deployed a structural health monitoring (SHM) system for bridges which is also applicable to mining infrastructure. The company and its innovative leader, a subject matter expert (SME) in the field of structural health monitoring, has formed strategic and business relationships with government agencies, a prominent university, and an engineering consultancy contracted by both the government and private industry within the South American country in which it is established. This NDA is the first step of the engagement process with this strategic partner. It establishes a path for collaboratively pursuing both government and commercial contracts, collaborations outside the U.S. (and U.S. with their SHM SME leader, and access to potential co-marketing and co-development of SHM system technology. We look forward to partnering with their technology-savvy leadership to see where our edge computing and machine learning algorithms will add the most value to both our and their customers' SHM needs."
This marks the third such agreement with a structural health monitoring focused organization, for a total of six new NDAs in our SHM and smart manufacturing sectors this year. We are excited the leader of this company saw our successful New England DOT Bridge Monitoring Pilot completed in the late summer of 2020 and our ability to attract top academic institutions focused on SHM to partner with us, as complementary to their technology and successful proof of concept on their railway bridge infrastructure project. This partnership will include exploring possible acquisition of the company or purchase of its assets. Together with this company and our strong collaboration with Aingura IIoT, S.L. we are positioned to pursue contracts in SHM worldwide. In the U.S., we have positioned our company to potentially tap into the
Forward-Looking Statements
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About Us
IIOT-OXYS, Inc. 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, Inc. 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
CONTACT:
Clifford L. Emmons
CEO
IIOT-OXYS, Inc.
contact@oxyscorp.com
www.oxyscorp.com
SOURCE: IIOT-OXYS, Inc.
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FAQ
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