Welcome to our dedicated page for IIOT-OXYS news (Ticker: ITOX), a resource for investors and traders seeking the latest updates and insights on IIOT-OXYS stock.
IIOT-OXYS, Inc. specializes in developing and marketing engineered products, software, and services for industrial internet applications. Based in Cambridge, Massachusetts, the company focuses on creating hardware, software, and algorithms for monitoring and predicting conditions in various sectors such as energy, structural, agricultural, and medical applications.
Recently, IIOT-OXYS, Inc. completed a successful Proof of Concept (POC) and secured a Software as a Service (SaaS) contract with a Northeast CNC Component Manufacturer. The company's IIoT data collection, Predictive Analytics, and proprietary AI & Machine Learning algorithms significantly improved productivity and reduced downtime for the manufacturing partner. With a strong focus on Industry 4.0, IIOT-OXYS, Inc. is poised for further growth and expansion in various manufacturing verticals, driving revenue and customer satisfaction.
IIOT-OXYS, Inc. (OTC PINK:ITOX) announced a six-figure sub-contract from a major northeast state's Department of Transportation (DOT) for bridge monitoring, effective July 2022 to June 2023. This contract extension validates the company's structural health monitoring systems and its strategic partnership with Aingura IIoT, S.L. CEO Cliff Emmons expressed optimism about revenue growth, anticipating that third quarter revenues will match or exceed those of the second quarter. The global structural health monitoring market is predicted to reach $4 billion by 2027, growing at a 14.6% CAGR.
IIOT-OXYS, Inc. (OTC PINK:ITOX) announced a new interview featuring CEO Cliff Emmons discussing the company's collaboration with Aretas Sensor Networks Inc.. The interview outlines their partnership's progress, including a recently completed Proof of Concept (POC) utilizing Aretas' indoor air quality sensors and IIoT platform. Emmons expressed optimism about the collaboration, indicating that negotiations for co-marketing and co-selling agreements are underway, with expectations to finalize by the end of the quarter.
IIOT-OXYS, Inc. (OTC PINK: ITOX) has completed a Proof of Concept (POC) with Aretas Sensor Networks Inc., focusing on Indoor Air Quality (IAQ) sensors and IIoT software. This partnership marks the fourth collaborative phase since March. CEO Cliff Emmons highlighted that the POC, initiated in mid-May and demonstrated to the Board in June, will serve as a site for prospective customers and algorithm development. The global IAQ monitor market is projected to grow from $3.7 billion in 2020 to $6.4 billion by 2027, indicating strong growth potential for Oxys through AI and ML contracts.
IIOT-OXYS, Inc. (OTC PINK:ITOX) announced the availability of an audio recording from its Investor Conference Call held on August 30, 2022, discussing second quarter results. The call, which included a Q&A session with investors, can be accessed through a provided link. IIOT-OXYS specializes in IIoT, AI, Machine Learning, and Edge Computing, delivering insights across various sectors including Medical, Manufacturing, and Defense. The company emphasizes its proprietary Minimally Invasive Load Monitoring (MILM) technology in enhancing data gathering and predictive maintenance strategies.
IIOT-OXYS, Inc. (OTC PINK: ITOX) reported its second quarter financial results for the period ending June 30, 2022, revealing revenues surpassing the total for 2021. The company is gaining traction in high-growth markets including Smart Manufacturing and Structural Health Monitoring. Notably, they secured a contract extension for bridge monitoring and signed additional agreements with Aretas Sensor Networks. IIOT-OXYS anticipates third quarter revenues to match or exceed the second quarter, projecting overall 2022 revenue to surpass that of 2019.
IIOT-OXYS, Inc. (OTC PINK:ITOX) has announced a new interview featuring CEO Cliff Emmons, discussing a potential collaboration with a South Asian technology firm that excels in industrial automation and robotics. Emmons emphasized the partner's extensive experience and strong product portfolio, aligning with Oxys' focus on smart manufacturing. The company highlights its growing traction in this sector and a solid revenue stream from structural health monitoring. The full interview is available for viewing online.
IIOT-OXYS, Inc. (OTC PINK: ITOX) has signed a Non-Disclosure Agreement (NDA) with a South Asian Industrial Automation firm, enhancing its Smart Manufacturing sector. This partnership leverages the firm's 30 years of experience in IT and Operational Technology to expand into the Industry 4.0 market. The global Industry 4.0 market is projected to grow from $64.9 billion in 2021 to $165.5 billion by 2026. The company anticipates new business opportunities through this collaboration and ongoing successful partnerships.
IIOT-OXYS, Inc. (OTC PINK: ITOX) has announced a significant agreement with Aretas Sensor Networks Inc. to develop custom AI and Machine Learning algorithms for their Indoor Air Quality (IAQ) sensors. This follows a mutual Non-Disclosure Agreement signed in March and a convertible note funding in April. The agreement highlights the collaboration to enhance Aretas' Sentinel IAQ sensor capabilities, targeting a growing market projected to reach $6.4 Billion by 2027. CEO Cliff Emmons emphasizes the commitment to securing AI sub-contracts for future business development.
IIOT-OXYS, Inc. (OTC PINK:ITOX) announced an audio interview on June 16, 2022, where CEO Cliff Emmons and COO Karen McNemar discussed the company's recent financial performance and operational outlook. They highlighted increasing traction in Smart Manufacturing and Structural Health Monitoring markets, as well as collaborations with Aingura IIoT and Aretas Sensor Networks in Indoor Air Quality. The interview aims to enhance communication with shareholders and provide insights into business operations.
IIOT-OXYS, Inc. (OTC PINK: ITOX) has renewed the contracts of CEO Cliff Emmons and COO Karen McNemar, signaling stable leadership aimed at long-term growth. Emmons noted significant achievements in their tenure, including the renewal of a major Structural Health Monitoring contract and partnerships in the Indoor Air Quality sector. The company targets substantial growth in three key industries, with the SHM market expected to reach $4.0 billion by 2027, and the Indoor Air Quality monitor market projected at $6.4 billion. IIOT-OXYS aims to continue creating shareholder value.
FAQ
What is the current stock price of IIOT-OXYS (ITOX)?
What is the market cap of IIOT-OXYS (ITOX)?
What does IIOT-OXYS, Inc. focus on?
Where is IIOT-OXYS, Inc. based?
What recent achievement did IIOT-OXYS, Inc. announce?
What technologies does IIOT-OXYS, Inc. utilize?
What is the focus of Industry 4.0 for IIOT-OXYS, Inc.?
