EdgeTI Secures Renewal from Idaho Environmental Coalition

Rhea-AI Summary

Edge Total Intelligence Inc. announces the one-year subscription renewal of edgeCore platform by Idaho Environmental Coalition, LLC for the Idaho Cleanup Project. The platform provides real-time insights and helps manage multiple projects focused on protecting and restoring the environment. The use of edgeCore decreases costs, reduces security workload, and creates visibility and insight to progress. The installation is part of a growing wave of new use cases called Digital Twins, with global revenues estimated to grow at over 61.3% CAGR from 2023 to 2028.

EdgeCore Platform Provides Real-Time Insights on Clean-Up Efforts

Arlington, Virginia--(Newsfile Corp. - February 8, 2024) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5i) ("edgeTI", "Company"), a leading provider of real-time digital operations software, announces the one-year subscription renewal of edgeCore platform by Idaho Environmental Coalition, LLC ("IEC").

The IEC manages the Idaho Cleanup Project for the Department of Energy's Office of Environmental Management. The ten-year program includes multiple projects focused on protecting and restoring the environment by properly handling materials.

Important key performance indicators and project data are often strewn across ancient systems and new sources (like drones, camera feeds, and other IoT sensors). Using edgeCore, IEC can safely bring this data together in context without creating additional data repositories. That decreases costs and reduces the security workload while creating visibility and insight to progress.

Installations such as these are part of a growing wave of new uses cases, called Digital Twins. With edgeCore, virtual replicas and intuitive data models of real-world systems and operations, help people see across systems and focus on what's important. According to Markets and Markets a global analysts firm, Digital Twin global revenues are estimated to grow at over 61.3 % CAGR from 2023 to 2028.

About edgeTI

edgeTI helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore™ that unites multiple software applicates 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://edgeti.com
LinkedIn: www.linkedin.com/company/edgeti
YouTube: www.youtube.com/user/edgetechnologies
Twitter: www.twitter.com/edge_suite

For more information, please contact:

Nick Brigman, Analyst and Press Relations
Phone: 888-771-3343
Email: ir@edgeti.com

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.

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 that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, government funding and budget delays, and general business, economic and capital market conditions.

Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include the competition and general economic, and market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 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.

Source: Edge Total Intelligence Inc., February 8, 2024 3:01 AM EST

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197192

FAQ

What is the one-year subscription renewal announced by Edge Total Intelligence Inc.?

The one-year subscription renewal announced by Edge Total Intelligence Inc. is for the edgeCore platform by Idaho Environmental Coalition, LLC for the Idaho Cleanup Project.

What are the key benefits of using edgeCore for the Idaho Cleanup Project?

The key benefits of using edgeCore for the Idaho Cleanup Project include providing real-time insights, managing multiple projects focused on protecting and restoring the environment, decreasing costs, reducing security workload, and creating visibility and insight to progress.

What are Digital Twins and how are they related to edgeCore?

Digital Twins are virtual replicas and intuitive data models of real-world systems and operations. They are related to edgeCore as it helps people see across systems and focus on what's important.

What is the estimated growth rate of Digital Twin global revenues from 2023 to 2028?

The estimated growth rate of Digital Twin global revenues from 2023 to 2028 is over 61.3% CAGR.