EdgeTI Recognized in the 2024 Gartner(R) Emerging Tech: Revenue Opportunity Projection of Simulation Digital Twins

Rhea-AI Summary

Edge Total Intelligence (TSXV: CTRL, OTCQB: UNFYF) has been recognized in the 2024 Gartner® Emerging Tech report as an Example vendor in Simulation Digital Twin of a Person (SDToP). The company's edgeCore™ software combines real-time data, control systems, and AI with simulations to test potential outcomes of suggested actions.

According to Gartner, the global simulation digital twin (SDT) market is projected to grow from $35 billion in 2024 to $379 billion by 2034. Simulation digital twins of composite processes are showing the strongest growth due to increased business value.

The company also clarified that Roth Canada was engaged as a strategic advisor under an agreement dated January 10, 2025, receiving a $125,000 cash advisory fee, and was not acting as an underwriter for the company's January 20, 2025 private placement.

Positive

• Recognition in Gartner's 2024 Emerging Tech report enhances market credibility
• Company positioned in rapidly growing market projected to reach $379B by 2034
• Proprietary edgeCore™ software combines real-time data with AI and simulation capabilities

Negative

• None.

Arlington, Virginia--(Newsfile Corp. - February 11, 2025) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5i) ("edgeTI", "Company"), a leading provider of real-time digital twin software, announces the Company was Recognized in the 2024 Gartner^® Emerging Tech: Revenue Opportunity Projection of Simulation Digital Twins as one of the Example vendors in Simulation Digital Twin of a Person (SDToP).

The report states, "Simulation digital twins (SDTs) are an advanced version of traditional digital twin solutions that provide such capability. By feeding current real-time data into incorporated simulation software, SDTs can model the future of their associated article(s)."

"We are pleased to be recognized in this report as one of the Example vendors in Simulation Digital Twin of a Person (SDToP), where a Person could be an employee, customer, cohort, or ad hoc group." said Jim Barrett, CEO of edgeTI.

According to Gartner, "The market for simulation digital twin (SDT)-enabling software and services is expected to reach a global revenue of $379 billion by 2034, up from $35 billion in 2024. While simulation digital twins of things are the most widely known, simulation digital twins of composite processes show the strongest growth due to the increased business value."

Delivering this new capability in Digital Twins is the Company's edgeCore™ software, which unites and orchestrates real-time data and control systems and new innovations like generative AI and machine learning algorithms with simulations to test potential outcomes to specific suggested actions.

"This opportunity for Digital Twins interests our Company greatly based on the spaces size, velocity, and newness," said Jim Barrett, CEO of edgeTI. "As a pioneer in creating the real-time interactions needed in this, we believe we have a unique advantage in delivering our customers accelerated success and value."

edgeTI offers demonstrations and free evaluations of Simulation Digital Twins via the Company's website to prospective enterprises.

Further to the Company's news release dated January 20, 2025, the Company wishes to clarify that Roth Canada, Inc. ("Roth Canada") was engaged as a strategic advisor to provide certain general financial and strategic advice to the Company and that Roth Canada was not acting as an underwriter, broker, or finder in connection with the private placement of the Company that closed on January 20, 2025. Pursuant to an advisory agreement dated January 10, 2025, between the Company and Roth Canada, Rother Canada was paid a cash advisory fee of $125,000.

Gartner Attribution and Objectivity Disclaimer

Gartner, Emerging Tech: Revenue Opportunity Projection of Simulation Digital Twins, Evan Brown, Peter Middleton, Alfonso Velosa, et al., 21 May 2024

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About edgeTI

edgeTI helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore™ that unites multiple software applications and data sources into one immersive experience called a Digital Twin. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid journeys via the platform's low-code development capability and composable operations. With edgeCore, customers can improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology, and cross-domain operations - helping them achieve the impossible.

Website: https://ir.edgeti.com
LinkedIn: www.linkedin.com/company/edgeti
YouTube: www.youtube.com/user/edgetechnologies
X: https://x.com/CTRLonTSXV

For more information, please contact:
Nick Brigman, Analyst and Press Relations
Phone: 888-771-3343
Email: ir@edgeti.com

Forward-Looking Information and Statements

Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240339

FAQ

What is the projected market size for simulation digital twin software by 2034?

According to Gartner, the simulation digital twin (SDT) market is expected to reach $379 billion by 2034, growing from $35 billion in 2024.

What technology does UNFYF use for simulation digital twins?

UNFYF uses its edgeCore™ software, which combines real-time data, control systems, generative AI, and machine learning algorithms with simulations to test potential outcomes.

How much was the advisory fee paid to Roth Canada by UNFYF?

UNFYF paid Roth Canada a cash advisory fee of $125,000 under an advisory agreement dated January 10, 2025.

What type of simulation digital twin category was UNFYF recognized for in the Gartner report?

UNFYF was recognized as an Example vendor in Simulation Digital Twin of a Person (SDToP) category.