IIOT-OXYS, Inc. Wins Contract Extension from a Major Northeast State's DOT for Bridge Monitoring
IIOT-OXYS, Inc. (OTC PINK:ITOX) has secured a contract extension from a northeastern state’s Department of Transportation (DOT) for ongoing bridge monitoring.
CEO Cliff Emmons highlighted that this extension validates the value of their monitoring systems and strengthens their partnership with Aingura IIoT, S.L.
With the recent $1 trillion infrastructure bill allocating funds for bridge upgrades, the Structural Health Monitoring market is expected to reach $4 billion USD by 2027, growing at a 14.6% CAGR.
- Contract extension from a major northeastern state’s DOT for ongoing bridge monitoring.
- Validation of the company's monitoring systems as valuable by state DOT.
- Strengthened partnership with Aingura IIoT, S.L. for innovative monitoring solutions.
- Potential for expansion within the U.S. and globally in the Structural Health Monitoring sector.
- Growing market with expected increase from $2 billion USD to $4 billion USD by 2027.
- None.
CAMBRIDGE, MA / ACCESSWIRE / March 10, 2022 / IIOT-OXYS, Inc. (OTC PINK:ITOX) announced it has received approval for a contract extension from a Department of Transportation (DOT) of a major northeast state to continue monitoring multiple bridges.
Cliff Emmons, CEO of IIOT-OXYS, Inc., stated, "The extension of this contract is validation of the solid value proposition of our bridge monitoring systems by this state's DOT and by the structural engineering firm that is providing oversight on this project. It also substantiates the strength of our strategic partnership with Aingura IIoT, S.L., and the proprietary AI & Machine Learning algorithms we've developed. Our data driven models provide adjunct insights to traditional visual inspections performed by the state's bridge inspectors, and if deployed more broadly, could potentially enhance the management of a state's DOT bridge assets. This bodes well for our company's Structural Health Monitoring (SHM) business, through potential expansion within the state, the rest of the U.S., and globally."
"This success is a direct result of the hard innovative work by Oxys and its partners: Aingura IIoT, S.L., university professors, and commercial structural engineering subject matter experts. It positions us to pursue contracts in SHM worldwide," stated Mr. Emmons. On November 15, 2021, President Biden signed the
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.
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