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) shares insights in a recent interview with SmallCapVoice.com. CEO Cliff Emmons highlights key achievements in 2021, including securing financing partners and enhancing their machine learning algorithms for diverse industry applications. The company effectively navigated COVID-related challenges, establishing a foundation for future growth in supply chain and smart manufacturing sectors.
The full interview is accessible at SmallCapVoice.com.
IIOT-OXYS, Inc. (OTC PINK:ITOX) has signed a Non-Disclosure Agreement (NDA) with a strategic medical component manufacturer in New England. CEO Cliff Emmons highlighted that this agreement marks the start of collaboration focused on enhancing manufacturing quality and productivity through edge computing and machine learning. This partnership expands IIOT-OXYS's engagement in discrete manufacturing, vital for medical devices. The company has now entered five such agreements this year, aiming to capitalize on the $76.7 billion IIoT market, projected to reach $106.1 billion by 2026.
IIOT-OXYS, Inc. (OTC PINK:ITOX) has signed a Non-Disclosure Agreement (NDA) with a New England-based consultancy specializing in metal component processing. This partnership aims to enhance IIOT-OXYS's capabilities in discrete manufacturing for medical devices, supplementing its biotech processes. The consultancy brings over 30 years of experience, focusing on engineering and quality challenges. This agreement marks their fourth for 2021 and supports the company's growth strategy in the industrial IoT market, projected to reach $106.1 billion by 2026.
IIOT-OXYS, Inc. (OTC PINK:ITOX) announced that its partner, Aingura IIoT, S.L., has successfully won a Spanish Structural Health Monitoring (SHM) tender valued at 1.325 million euros. Aingura collaborated with ARDANUY INGENIERIA and UNIVERSIDAD POLITÉCNICA DE MADRID to form a consortium known as FAI4CIM, which was selected among 12 proposals. This achievement, recognized by CDTI for its innovation and technical compliance, is expected to boost future collaborations in both SHM and Smart Manufacturing sectors.
IIOT-OXYS, Inc. (OTC PINK: ITOX) announced that its partner, Aingura IIoT, S.L., secured an initial contract with ArcelorMittal, the largest steel manufacturer across North America, South America, and Europe. This contract involves a Proof of Concept focusing on improving efficiency within a specific sub-process of steel manufacturing. The collaboration, established in March 2020, aims to leverage the strengths of both companies, potentially leading to multi-phase engagements based on the outcomes of the project, which is expected to reach a significant milestone by December 2021.
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.
IIOT-OXYS, Inc. (OTC PINK:ITOX) announced a Non-Disclosure Agreement (NDA) with a New England biomedical start-up, enhancing its foothold in the medical device manufacturing sector. This partnership aims to leverage IIOT-OXYS's technology in plastic extrusion processes crucial for medical devices. CEO Cliff Emmons highlighted the strategic significance of the collaboration, which marks the company's third such agreement in 2021. This follows prior successes, including a pilot program with a Fortune 500 pharma company, indicating potential for future business growth.
IIOT-OXYS, Inc. (OTC PINK: ITOX) recently announced the successful completion of Chandran Seshagiri, Ph.D.’s interim CTO role. He will now serve as Advisory Board Chairman, continuing to guide algorithm development. CEO Cliff Emmons will temporarily assume CTO duties as the company finalizes a contract with a new candidate, emphasizing a shift towards Artificial Intelligence and Machine Learning. The firm has secured Non-Disclosure Agreements and is building on prior collaborations, aiming to expand its presence in smart manufacturing and structural health monitoring.
IIOT-OXYS, Inc. (OTC PINK:ITOX) provided a business update on June 29, 2021, focusing on its investor relations and future revenue prospects. Despite revenue challenges, the company maintains a strong position with significant partners and pending proposals. The IIoT market is projected to grow, and the company expects revenue generation in the second half of 2021, driven by ongoing contract pursuits and marketing efforts. An S-1 sales process is funding operational activities, though forward-looking statements highlight risks, such as dependency on major customers and the ability to secure new contracts.
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